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.



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

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