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