A Unit of Fragrance Group has snapped up the freehold Eunos Mansion for S$220 million inside of a collective sale.
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Just about every device at the 111,735 sq ft website, certain by Jalan Eunos and Bedok Reservoir Street, is predicted to receive among S$1.forty eight million to S$2.19 million, although the penthouses will obtain S$3.55 million and S$4.seven million, respectively.
Using a plot ratio of one.six, that interprets to S$1,118 per plot ratio, like a ten for every cent bonus balcony.
Cushman and Wakefield’s govt director of money markets, Shaun Poh, said the plot could generate a mid-sized condominium challenge, specified its proximity to the up-and-coming Paya Lebar Regional Centre and organization parks at Eunos and Bedok Reservoir.
There won’t be any progress charges payable because of to its large improvement baseline, mentioned Cushman and Wakefield.