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Eunos Mansion sold en-bloc for S$220 million

Anthony Case, October 10, 2019

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

Put forward: Urban Treasure showflat

Every single device at the 111,735 sq ft web-site, bound by Jalan Eunos and Bedok Reservoir Highway, is anticipated to receive concerning S$1.forty eight million to S$2.19 million, whilst the penthouses will obtain S$3.55 million and S$4.7 million, respectively.

By using a plot ratio of one.six, that translates to S$1,118 for every plot ratio, such as a ten for every cent bonus balcony.

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

There won’t be any improvement costs payable because of to its high growth baseline, claimed Cushman and Wakefield.

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