Friday, October 18News That Matters

Eunos Mansion offered en-bloc for S$220 million

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

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Every unit at the 111,735 sq ft web site, certain by Jalan Eunos and Bedok Reservoir Street, is expected to obtain in between S$1.forty eight million to S$2.19 million, when the penthouses will receive S$3.fifty five million and S$4.seven million, respectively.

Using a plot ratio of one.6, that translates to S$1,118 per plot ratio, together with a 10 per cent reward balcony.

Cushman and Wakefield’s government director of cash markets, Shaun Poh, said the plot could yield a mid-sized condominium task, provided its proximity to the up-and-coming Paya Lebar Regional Centre and business enterprise parks at Eunos and Bedok Reservoir.

There won’t be any development expenses payable thanks to its superior progress baseline, reported Cushman and Wakefield.