Eunos Mansion marketed en-bloc for S$220 million

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

Advancement: Urban Treasure price

Just about every device at the 111,735 sq ft internet site, bound by Jalan Eunos and Bedok Reservoir Street, is expected to obtain involving S$1.48 million to S$2.19 million, when the penthouses will acquire S$3.55 million and S$4.7 million, respectively.

Using a plot ratio of 1.six, that interprets to S$1,118 per plot ratio, such as a ten for each cent reward balcony.

Cushman and Wakefield’s govt director of capital marketplaces, Shaun Poh, stated the plot could produce a mid-sized condominium task, presented its proximity to the up-and-coming Paya Lebar Regional Centre and business parks at Eunos and Bedok Reservoir.

There won’t be any advancement rates payable thanks to its substantial development baseline, mentioned Cushman and Wakefield.