Dunearn Gardens Sold For S$468 million In Latest En-bloc Deal
EL Development has bought the freehold Newton Condo of Dunearn Gardens in an en bloc sale for $468 million.
Dunearn Gardens is situated on Dunearn Road, and off Newton Road. Located just 3 minutes from the Newton MRT, Dunearn Gardens is within 1km of SJI Junior, ACS Primary and ACS Junior. Comprising of 114 apartments, Dunearn Gardens has a site area of 95,442 square feet and a plot ratio of 2.8 under the 2019 URA Master Plan.
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, a branded residences consisting 1 to 4 Bedroom apartments.
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