A Device of Fragrance Group has snapped up the freehold Eunos Mansion for S$220 million in a very collective sale.
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Every unit at the 111,735 sq ft web site, certain by Jalan Eunos and Bedok Reservoir Road, is anticipated to acquire between S$1.forty eight million to S$2.19 million, even though the penthouses will acquire S$3.fifty five million and S$4.7 million, respectively.
Having a plot ratio of 1.six, that translates to S$1,118 for each plot ratio, which includes a 10 per cent reward balcony.
Cushman and Wakefield’s govt director of capital marketplaces, Shaun Poh, stated the plot could generate a mid-sized condominium undertaking, provided its proximity to the up-and-coming Paya Lebar Regional Centre and enterprise parks at Eunos and Bedok Reservoir.
There are no growth fees payable due to its large improvement baseline, reported Cushman and Wakefield.