Dunearn Gardens Sold For S$468 million In Latest En-bloc Deal
A subsidary of EL Development has bought Dunearn Gardens, which is located near the Newton MRT station, for S$468 million in an en bloc sale.
The land rate of the transaction is $1841psf ppr, after taking into consideration 10% bonus balcony area, and adding S$43.6 million development charge to the en bloc sale price.
Completed in 1992, Dunearn Gardens has a site area of 95,442 square feet and a plot ratio of 2.8 under the 2019 URA Master Plan.
EL Developments will develop a branded residences named Pullman Residences at the acquired site.
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