Yahoo Finance Dunearn Court up for en bloc sale by tender at $38.8 mil
Dunearn Court, a freehold redevelopment site, has been put up for sale by tender, says exclusive marketing agent Knight Frank. The guide price is $38.8 million which translates to approximately S$1,443 psf per plot ratio.
Located in prime District 11, the 19,203 sq ft site currently houses one residential block of 12 apartment units. According to the 2014 Master Plan, the site is zoned “Residential” with a gross plot ratio of 1.4.
Dunearn Court is within walking distance from Tan Kah Kee and Botanic Gardens MRT Stations along the Downtown Line, says Knight Frank. It is also accessible via Ayer Rajah Expressway (AYE) and major arterial roads: Dunearn Road and Bukit Timah Road.
Source: Knight Frank
“The purchaser could potentially configure the maximum permissible gross floor area of approximately 26,884 sq ft into 32 apartment units with an average size of 753 sq ft, subject to URA’s approval,” says Ian Loh, Knight Frank’s executive director & head of investment and capital markets.
The tender for Dunearn Court launches on July 26 and closes on September 6.
Related Articles From TheEdgeProperty.com.sg
