{"id":77746,"date":"2018-01-23T11:51:33","date_gmt":"2018-01-23T04:51:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-up-for-en-bloc-sale-at-asking-price-of-218m\/"},"modified":"2018-01-23T12:07:20","modified_gmt":"2018-01-23T05:07:20","slug":"eunos-mansion-up-for-en-bloc-sale-at-asking-price-of-218m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-up-for-en-bloc-sale-at-asking-price-of-218m\/","title":{"rendered":"Eunos Mansion up for en bloc sale at asking price of $218m"},"content":{"rendered":"


\nBuilt in the mid-1980s, Eunos Mansion features 107 apartments. (Photo: Cushman & Wakefield)
\nThe freehold Eunos Mansion development has been put up for collective sale with a reserve price of $218 million, which works out to $1,219 psf per plot ratio, revealed marketing agent Cushman & Wakefield.
\nSituated along Bedok Reservoir Road and Jalan Eunos, the 11-storey strata-titled development was built in the mid-1980s and features 107 apartments. It is nestled on a 10,380.4 sq m (111,453 sq ft) site, which is zoned for residential use with a plot ratio of 1.6 and subject to building height control of up to 12-storeys under the 2014 Master Plan.
\nCushman & Wakefield revealed that no development charge is payable for the site even if the additional 10 percent gross floor area for balconies is included.
\nThis comes as the \u201cdevelopment baseline of the existing development is higher than the maximum allowable intensity in the current Master Plan\u201d.
\nAssuming a 90 percent building efficiency, the site can be redeveloped into a 165-unit development with an average size of 100 sq m per unit, it added.
\nCushman & Wakefield capital markets director Christina Sim noted that Eunos Mansion offers an \u201cexcellent opportunity for the development of a mid-sized condominium project to complement the up and coming Paya Lebar Regional Centre and the business parks located in the mature estates of Eunos and Bedok Reservoir\u201d.
\nThe tender for the site will close on 7 March.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Eunos Mansion up for en bloc sale at asking price of 8m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Built in the mid-1980s, Eunos Mansion features 107 apartments. (Photo: Cushman & Wakefield) The freehold...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-77746","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-kdY","jetpack-related-posts":[{"id":82312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-sold-collectively-for-220-million\/","url_meta":{"origin":77746,"position":0},"title":"Eunos Mansion sold collectively for $220 million","date":"March 9, 2018","format":false,"excerpt":"\r Completed in 1982, Eunos Mansion comprises 105 apartments and two penthouses. (Photo: Cushman & Wakefield) The freehold Eunos Mansion has been sold collectively to a subsidiary of Fragrance Group for $220 million, according to Cushman & Wakefield which brokered the deal. This is slightly higher than the reserve price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/united-mansion-up-for-en-bloc-sale-with-reserve-price-of-98m\/","url_meta":{"origin":77746,"position":1},"title":"United Mansion up for en bloc sale with reserve price of $98m","date":"April 9, 2018","format":false,"excerpt":"\r Completed in 1968, United Mansion in Siglap is located close to Parkway Parade, I12 Katong and various schools. (Photo: Cushman & Wakefield) The freehold United Mansion development at 592 to 614 East Coast Road has been launched for collective sale at a reserve price of $98 million, marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80679,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-sites-launched-for-sale-including-fairhaven-and-pomex-court\/","url_meta":{"origin":77746,"position":2},"title":"3 sites launched for sale, including Fairhaven and Pomex Court","date":"February 22, 2018","format":false,"excerpt":"\r The owners of Fairhaven (pictured) are expecting bids in excess of $45 million. (Photo: JLL) Three private residential sites have been put up for sale by different marketing agents for a total of more than $181 million. On Wednesday (21 February), a rare 9,999-year leasehold housing site in 1\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/roxy-pacific-buys-another-site-at-jalan-eunos\/","url_meta":{"origin":77746,"position":3},"title":"Roxy-Pacific buys another site at Jalan Eunos","date":"September 15, 2016","format":false,"excerpt":"\r The developer plans to amalgamate the site with an adjoining freehold site that was previously acquired for residential development.\u00a0 RH Eunos, a unit of property developer Roxy-Pacific Holdings, has agreed to purchase a freehold residential site at Jalan Eunos for $10.978 million. Comprising lots at 180,182 and 184 Jalan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-east-court-to-go-en-bloc-with-19m-price-tag\/","url_meta":{"origin":77746,"position":4},"title":"Freehold condo East Court to go en bloc with $19m price tag","date":"September 10, 2018","format":false,"excerpt":"\r Built in 1986, the project is close to Eunos MRT station and various schools. East Court, an eight-unit residential development along Koon Seng Road in District 15, will be launched for en bloc sale on Monday (10 Sept) with a guide price of $19 million, revealed marketing agent OrangeTee\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fragrance-group-subsidiary-buys-waterloo-apartments-for-131-1m\/","url_meta":{"origin":77746,"position":5},"title":"Fragrance Group subsidiary buys Waterloo Apartments for $131.1m","date":"November 15, 2018","format":false,"excerpt":"\r Fragrance Group plans to develop the 14,369 sq ft site into a hotel. (Photo: Cushman & Wakefield) Waterloo Apartments, a 30-unit residential development at 64 Waterloo Street within the Bras Basah\/Bugis area, has been sold en bloc for $131.1 million to a fully-owned subsidiary of Fragrance Group, reported the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/77746"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=77746"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/77746\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=77746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=77746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=77746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}