{"id":82312,"date":"2018-03-09T17:39:56","date_gmt":"2018-03-09T10:39:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-sold-collectively-for-220-million\/"},"modified":"2018-03-09T18:03:36","modified_gmt":"2018-03-09T11:03:36","slug":"eunos-mansion-sold-collectively-for-220-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-sold-collectively-for-220-million\/","title":{"rendered":"Eunos Mansion sold collectively for $220 million"},"content":{"rendered":"


\nCompleted in 1982, Eunos Mansion comprises 105 apartments and two penthouses. (Photo: Cushman & Wakefield)
\nThe 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 of $218 million.
\nLocated in the Bedok Reservoir Road and Jalan Eunos area, the development was completed in 1982 and comprises 105 apartment units and two penthouses.
\nThe sale price translates to a land rate of $1,118 psf per plot ratio inclusive of a 10 percent bonus balcony space, based on a site area of 111,735 sq ft and a plot ratio of 1.6. No development charge is payable due to the high development baseline.
\nDepending on the apartment sizes, each unit is expected to receive between $1.48 million and $2.19 million. The penthouses could fetch $3.55 million and $4.7 million respectively.
\nShaun Poh, executive director of capital markets at Cushman & Wakefield, said the development of a mid-sized condominium would complement the up and coming Paya Lebar Regional Centre and business parks within the vicinity.
\n\u201cThere is also an under-supply of freehold apartment units available for sale at this locality which presents a favourable market for the developer,\u201d he noted.
\nMeanwhile, the robust en bloc activity is expected to continue with Toho Mansion along Holland Road just sold to Koh Brothers for $120.4 million. Recently, the owners of Mandarin Gardens along East Coast revived hopes for a collective sale.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote 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 sold collectively for 0 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Completed in 1982, Eunos Mansion comprises 105 apartments and two penthouses. (Photo: Cushman & Wakefield)...<\/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-82312","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-lpC","jetpack-related-posts":[{"id":77746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-up-for-en-bloc-sale-at-asking-price-of-218m\/","url_meta":{"origin":82312,"position":0},"title":"Eunos Mansion up for en bloc sale at asking price of $218m","date":"January 23, 2018","format":false,"excerpt":"\r Built in the mid-1980s, Eunos Mansion features 107 apartments. (Photo: Cushman & Wakefield) The 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. Situated along\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":82312,"position":1},"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":82699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/minbu-villa-joins-en-bloc-frenzy-with-reserve-price-of-145-8m\/","url_meta":{"origin":82312,"position":2},"title":"Minbu Villa joins en bloc frenzy with reserve price of $145.8m","date":"March 14, 2018","format":false,"excerpt":"\r Completed in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore) Minbu Villa, a 10-storey freehold residential development in Novena, has been launched for collective sale, said marketing agent Savills on Wednesday (14 Mar). The reserve price of $145.8 million works out to a land rate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fragrance-group-to-launch-urban-treasures-in-eunos-this-saturday\/","url_meta":{"origin":82312,"position":3},"title":"Fragrance group to launch urban treasures in eunos this saturday","date":"November 28, 2019","format":false,"excerpt":"\r Indicative prices\u00a0for the one-bedroom starts from $845,000, while the four-bedroom is priced from $2.3 million. Photo: Urban Treasures by Fragrance Group\/Facebook Urban Treasures, Fragrance Group\u2019s latest 237-unit residential project in Jalan Eunos in District 14, is set to open for booking this Saturday (30 Nov).\u00a0 Situated on the former\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-park-towers-sold-to-bukit-sembawang-for-345-million\/","url_meta":{"origin":82312,"position":4},"title":"Katong Park Towers sold to Bukit Sembawang for $345 million","date":"March 16, 2018","format":false,"excerpt":"\r The sale price is about 20 percent above the reserve price of $288 million. (Photo: Cushman & Wakefield) Katong Park Towers in District 15 has been sold to a subsidiary of Bukit Sembawang Estates for $345 million, about 20 percent above the reserve price of $288 million, said Cushman\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":82312,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82312"}],"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=82312"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82312\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}