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About the En Bloc Sales
Dunearn Gardens is a state-of-the-art freehold condominium situated along Newton Road, has been sold jointly to a fully-owned auxiliary of EL Development Pte Ltd. for just about $468 million succeeding its 3rd en bloc pursuit, Knight Frank the marketing agent noted on April 23 (Monday). It is also close to Sanctuary @ Newton which is a promising development within Newton Road.
The buying cost of Dunearn Gardens is lower than the withholding price of $488.8 million.
Considering a development charge of around $43.6 million to build up the land area to a GPR (gross plot ratio) of 2.8 nestled on the utmost gross floor area of more or less 267,239 square feet, the land proportion nestled at $1,914 psf ppr (per square feet per plot ratio).
With the involvement of a 10% bonus balcony area and a projected gross plot ratio of 3.08, the land proportion comes out to $1,841 per square feet per plot ratio, prior to the authorities’ sanction.
Each proprietor can walk away with the range of $2.69 million up to $7.98 million from the booming sale.
With a land parcel of about 95,442 square feet, Dunearn Gardens is situated nearby to Newton MRT stations and bus interchange as well as diverse constituted schools. Accomplished in 1992, it consists of 114 classic units.
18 Dunearn Road Location
An address at 18 Dunearn road allows residents to have the best of both world. Whether heading to work or going to buy groceries over the weekend put residents just minutes away. Head to Orchard Shopping Belt, Newton Circus or Balmoral Plaza for your famous local gourmet.
Being near to amenities, yet enjoy the quietness and serenity when once head back home. Residents at Dunearn Gardens are well served by major expressways and also public transport like MRT Stations.
Dunearn Gardens Potential
EL Development Ltd. proposes to redevelop the area into an enticing 30 storeys splendid condominium encompassing 340 units varying from 1 to 4 bedroom units. The new development “Pullman Residences Newton” will set to launch 3rd quarter 2019.
“The new high-rise residential project will relish clear views facing the city. We conceive the new project will attract to investors and owner-occupiers given its prime area precisely at the city fringe,” as stated by the Knight Frank Singapore’s reputable head of investment and executive director and capital markets, Mr. Ian Loh.
Knight Frank Singapore is also planned to set up Kemaman Point for collective sale in May beforehand. Accomplished in the year 1993, the modern freehold condominium in Balestier consists of 89 fabulous units.
18 Dunearn Road New Condo Registration of Interest
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Dunearn Gardens
Dunearn Gardens is a state-of-the-art freehold condominium situated along Newton Road, has been sold jointly to a fully-owned auxiliary of EL Development Pte Ltd. for just about $468 million succeeding its 3rd en bloc pursuit, Knight Frank the marketing agent noted on April 23 (Monday).
Product SKU: Dunearn Gardens
Product Currency: SGD
Product Price: 468000000
Product In-Stock: InStock
