Dunearn Gardens Sold For S$468 million In Latest En-bloc Deal


A subsidary company under Singapore developer EL Development has bought the District 11 development of Dunearn Gardens 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.

Dunearn Gardens is located near the Newton MRT station.

It has a site area of 95,442 square feet and a plot ratio of 2.8 under the 2019 URA Master Plan. The project was completed in 1992.

The new development developed by EL Developments will be named Pullman Residences. It will have a total of 340 apartments comprising of 1 to 4 bedrooms.



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

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