Dunearn Gardens Sold For S$468 million In Latest En-bloc Deal
Dunearn Gardens has been sold to Singapore developer EL Development in an en bloc sale for S$468 million.
Situated off Newton Road, the former Dunearn Gardens has a site area of 95,442 square feet and a plot ratio of 2.8.
The plot ratio of the freehold site would increase to 3.08 when 10% bonus balcony area has been taken into account,
After factoring the increased plot ratio and a development charge of $43.6 million, the land price of the transaction would be calculated to be $1841psf ppr.
EL Development will built a 340-unit condo named Pullman Residences at the site.
Source: https://www.todayonline.com/singapore/dunearn-gardens-sold-s468-million-latest-en-bloc-deal
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