A Unit of Fragrance Team has snapped up the freehold Eunos Mansion for S$220 million inside a collective sale.
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Each and every device at the 111,735 sq ft web page, certain by Jalan Eunos and Bedok Reservoir Highway, is expected to get among S$1.forty eight million to S$2.19 million, though the penthouses will receive S$3.55 million and S$4.7 million, respectively.
By using a plot ratio of one.six, that translates to S$1,118 for every plot ratio, which includes a 10 for each cent reward balcony.
Cushman and Wakefield’s executive director of capital marketplaces, Shaun Poh, said the plot could generate a mid-sized condominium job, supplied its proximity to the up-and-coming Paya Lebar Regional Centre and business enterprise parks at Eunos and Bedok Reservoir.
There aren’t any progress fees payable thanks to its significant development baseline, mentioned Cushman and Wakefield.