You are here

Eunos Mansion up for collective sale with S$218m reserve price

Eunos Mansion.JPG
Eunos Mansion, a prime freehold residential site located along Bedok Reservoir Road and Jalan Eunos, has been put up for collective sale, said marketing agent Cushman & Wakefield on Monday.

EUNOS Mansion, a prime freehold residential site located along Bedok Reservoir Road and Jalan Eunos, has been put up for collective sale, said marketing agent Cushman & Wakefield on Monday.

The reserve price for Eunos Mansion is S$218 million, translating to a land rate of S$1,219 psf (per square foot) per plot ratio.

Eunos Mansion comprises an 11-storey strata-titled development built in the mid-1980s with a total of 107 residential apartment units. Assuming a building efficiency of 90 per cent, the site can be redeveloped into a residential development comprising of about 165 units, assuming an average unit size of 100 square metres per unit.

Cushman & Wakefield has secured the 80 per cent mandate to launch the site for public tender.

The tender will close on March 7, 2018 at 3pm.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes