Dunearn Gardens Sold For S$468 million In Latest En-bloc Deal
A subsidary of EL Development has bought the District 11 development of Dunearn Gardens for S$468 million in an en bloc sale.
After taking into consideration 10% bonus balcony area, and adding S$43.6 million development charge to the en bloc sale price, the land rate of the en bloc transaction is computed to be $1841psf ppr.
Dunearn Gardens is located near the Newton MRT station.
It has a site area of 95,442 square feet and a plot ratio of 2.8 under the 2019 URA Master Plan. The project was completed in 1992.
EL Development will develop a project named Pullman Residences at the site. The new development will have a total of 340 units comprising of 1 to 4 bedrooms.
Source: https://www.todayonline.com/singapore/dunearn-gardens-sold-s468-million-latest-en-bloc-deal
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