Oct
2019
Eunos Mansion bought en-bloc for S$220 million
A Unit of Fragrance Group has snapped up the freehold Eunos Mansion for S$220 million in the collective sale.
Read more: Urban Treasure floor plan
Every device at the 111,735 sq ft site, bound by Jalan Eunos and Bedok Reservoir Road, is anticipated to get in between S$1.forty eight million to S$2.19 million, though the penthouses will acquire S$3.fifty five million and S$4.seven million, respectively.
By using a plot ratio of 1.six, that translates to S$1,118 for every plot ratio, such as a 10 per cent bonus balcony.
Cushman and Wakefield’s govt director of cash markets, Shaun Poh, claimed the plot could produce a mid-sized condominium task, specified its proximity to the up-and-coming Paya Lebar Regional Centre and business parks at Eunos and Bedok Reservoir.
There aren’t any growth fees payable due to its higher enhancement baseline, said Cushman and Wakefield.
