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.

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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$3.fifty five million and S$ 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.