Eunos Mansion sold en-bloc for S$220 million

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

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Every single unit at the 111,735 sq ft internet site, certain by Jalan Eunos and Bedok Reservoir Street, is predicted to acquire involving 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 one.six, that interprets to S$1,118 for each plot ratio, together with a 10 for each cent reward balcony.

Cushman and Wakefield’s executive director of cash marketplaces, Shaun Poh, explained the plot could yield a mid-sized condominium venture, supplied 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 progress expenses payable thanks to its high enhancement baseline, reported Cushman and Wakefield.