Dunearn Gardens Sold For S$468 million In Latest En-bloc Deal

former-dunearn-gardens-en-bloc-singapore

EL Development has bought Dunearn Gardens in an en bloc sale for $468 million.

Dunearn Gardens is located off Newton Road and comprises 114 apartments. The freehold site has a site area of 95,442 square feet and a plot ratio of 2.8.

After accounting for 10% bonus balcony, the plot ratio would increase to 3.08. Based on this, the land price inclusive of $43.6 million development charge would translate to $1841psf ppr.

The new condo replacing the former Dunearn Gardens will be named Pullman Residences.

 

Source: https://www.todayonline.com/singapore/dunearn-gardens-sold-s468-million-latest-en-bloc-deal

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