MCL Land awarded Eunosville site at S$765.78m or S$909 psf ppr

HONGKONG Land unit, MCL Land, has clinched the Eunosville site through a collective sale, at a price of S$765.78 million.

This works out a unit land price of S$909 per square foot per plot ratio (psf ppr) inclusive of an estimated S$194 million payable to the state to enhance the intensity of the site to a gross plot ratio of 2.8 and to top up the site’s lease to 99 years.

The site has a balance lease term of about 70 years. Continue reading

One Tree Hill Gardens sold for $65m in first collective sale this year

The collective sale market, which saw a resurgence last year, is still firing with the sale of One Tree Hill Gardens for $65 million – the first such deal this year.

Marketing agent Knight Frank said yesterday that a unit of Lum Chang Group bought the freehold landed residential redevelopment site near Orchard Road.

The price works out to a land rate of about $1,664 per sq ft, it added. Continue reading

Another former HUDC estate Eunosville put up for en bloc sale

SINGAPORE – Owners of 330-unit Eunosville have put their former HUDC estate up for collective sale – the second such sale this week.

Rio Casa, another privatised HUDC estate in Hougang, was put up for sale two days ago.

Eunosville is less than 100m from Eunos MRT station, said its marketing and property consultant OrangeTee.com on Wednesday (April 12). It comprises 10 residential blocks of maisonettes and four walk-up apartment blocks, translating to 255 maisonettes and 75 apartments. Continue reading