A Unit of Fragrance Group has snapped up the freehold Eunos Mansion for S$220 million inside a collective sale.
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Each and every unit at the 111,735 sq ft web-site, sure by Jalan Eunos and Bedok Reservoir Road, is expected to get between S$1.48 million to S$2.19 million, although the penthouses will acquire S$3.fifty five million and S$4.seven million, respectively.
That has a plot ratio of 1.6, that interprets to S$1,118 per plot ratio, like a ten per cent reward balcony.
Cushman and Wakefield’s executive director of money marketplaces, Shaun Poh, explained the plot could yield a mid-sized condominium task, given its proximity to the up-and-coming Paya Lebar Regional Centre and organization parks at Eunos and Bedok Reservoir.
There won’t be any development rates payable because of to its higher enhancement baseline, mentioned Cushman and Wakefield.