Freehold Dunearn Gardens up for collective sale for $489 mil

/ EdgeProp |
Ask Buddy
Condo transactions with the highest profits in the past year
Compare price trend of HDB vs Condo vs Landed
Most unprofitable condo transactions in past 1 year
Condo projects with most expensive average PSF
Past Condo rental transactions
Condo transactions with the highest profits in the past year
Compare price trend of HDB vs Condo vs Landed
Most unprofitable condo transactions in past 1 year
Condo projects with most expensive average PSF
Past Condo rental transactions
The freehold, 114-unit Dunearn Gardens has been put up for sale by tender on Jan 15 for $488.8 million. Including an additional charge of about $35.7 million for the intensification of the site to the maximum gross floor area (GFA), this translates into a land rate of about $1,962 psf ppr, according to the sole marketing agent Knight Frank.
Under the 2014 Master Plan, the site is zoned for Residential use with a Gross Plot Ratio of 2.8. The redeveloped site may potentially have a maximum permissible GFA of about 267,239 sq ft, yielding 354 new residential units sized at 753 sq ft. With the inclusion of a 10% bonus balcony GFA and a proposed plot ratio of 3.08, the land rate works is about $1,861 psf ppr, subject to approval.
The 114-unit Dunearn Gardens off Newton Road. (Picture: Knight Frank)
The high-rise development is situated on a 95,442 sq ft site, and comprises three adjoining residential blocks. The 114 apartments units range from 807 to 3,294 sq ft in size.
Advertisement
The Land Transport Authority has confirmed that a Pre-Application Feasibility Study on traffic impact will not be required for the site.
Located on Dunearn Road, and off Newton Road, Dunearn Gardens is close to St. Joseph’s Institution Junior and Anglo-Chinese School (Barker Road), as well as Catholic Junior College. It is connected via the CTE and PIE.
“We believe (Dunearn Gardens) is one of the last freehold high-rise residential development sites within 100m from Newton MRT station”, says Ian Loh, executive director and head of investment and capital markets at Knight Frank Singapore. With the current limited supply of new luxury residential projects, the new development will likely be highly sought after by home-buyers and investors, says Loh.
The tender will close on Feb 13.
Ask Buddy
Condo transactions with the highest profits in the past year
Compare price trend of HDB vs Condo vs Landed
Most unprofitable condo transactions in past 1 year
Condo projects with most expensive average PSF
Past Condo rental transactions
Condo transactions with the highest profits in the past year
Compare price trend of HDB vs Condo vs Landed
Most unprofitable condo transactions in past 1 year
Condo projects with most expensive average PSF
Past Condo rental transactions

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More