Eunos Mansion Bought En-bloc For S$220 Million

Posted by

A Unit of Fragrance Group has snapped up the freehold Eunos Mansion for S$220 million inside a collective sale.

Nominated website: Urban Treasure

Every single unit at the 111,735 sq ft web page, certain by Jalan Eunos and Bedok Reservoir Highway, is predicted to obtain concerning S$1.forty eight million to S$2.19 million, even though the penthouses will get S$3.55 million and S$4.7 million, respectively.

With a plot ratio of 1.six, that translates to S$1,118 per plot ratio, such as a 10 per cent bonus balcony.

Cushman and Wakefield’s executive director of capital markets, Shaun Poh, explained the plot could generate a mid-sized condominium project, supplied its proximity to the up-and-coming Paya Lebar Regional Centre and company parks at Eunos and Bedok Reservoir.

There won’t be any improvement rates payable because of to its substantial advancement baseline, explained Cushman and Wakefield.