Eunos Mansion sold en-bloc for S$220 million

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

Read more: Urban Treasure

Each and every device at the 111,735 sq ft web-site, sure by Jalan Eunos and Bedok Reservoir Road, is expected to obtain among S$1.48 million to S$2.19 million, even though the penthouses will acquire S$3.55 million and S$ million, respectively.

Having a plot ratio of 1.six, that translates to S$1,118 for every plot ratio, which includes a 10 per cent reward balcony.

Cushman and Wakefield’s government director of cash marketplaces, Shaun Poh, stated the plot could generate a mid-sized condominium venture, 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 development fees payable owing to its substantial advancement baseline, claimed Cushman and Wakefield.