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


EL Development, a Singapore-based developer, has purchased the 114-unit development of Dunearn Gardens for $468 million in an en bloc sale.

Situated near Newton MRT station, the former Dunearn Gardens has a site area of 95,442 sq ft. The plot ratio of the land is 2.8 under the URA Master Plan 2019.

The land rate of the en bloc sale is $1841psf ppr, after taking into account 10% bonus balcony area, and the addition of $43.6 million development charge to the en bloc purchase price.

The new condominium will be named Pullman Residences.



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

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