23 Oct '17, 11am

Dunearn Court sold to Roxy-Pacific for $36.3m

Each owner will receive about $2.91 million to $3.12 million from the sale. (Photo: Knight Frank) The en bloc market continues to roll with the sale of Dunearn Court to RH Central, a subsidiary of Roxy-Pacific Holdings, for $36.3 million. This is slightly lower than the guide price of $38.8 million when it was launched for tender by marketing agent Knight Frank in July. Each owner will receive about $2.91 million to $3.12 million upon completion of the sale. Located off Dunearn Road in District 11, the freehold Dunearn Court – completed in 1993 – comprises 12 apartments and sits on an approximately 19,203 sq ft site. The sale price translates to a land rate of about $1,371 psf per plot ratio, inclusive of a development charge of $550,000 to redevelop the site to a gross plot ratio of 1.4 under the 2014 Master Plan. The site is within walking distance from the Tan Kah Kee a...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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Dunearn Court sold to RH Central Pte Ltd for $36.3 million

Dunearn Court sold to RH Central Pte Ltd for $3...

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