24 Oct '17, 2am

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

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

SINGAPORE – Knight Frank is pleased to announce that Dunearn Court, a 12-unit development located off Dunearn Road, has been sold collectively to RH Central Pte Ltd for $36.3 million. The sale price, with a development charge of approximately $550,000 to redevelop the site to a gross plot ratio (GPR) of 1.4 as stated in the URA Master Plan 2014, translates to a land price of approximately $1,371 per square foot per plot ratio (psf ppr). Each owner will stand to receive a gross sale price of approximately $2.91 million to $3.12 million, which works out to approximately $2,004 psf to $2,140 psf, upon completion of the sale. Dunearn Court comprises of 12 apartments with a site area of 1,784 sq m (approximately 19,203 sq ft). Dunearn Court Mr Ian Loh, Executive Director and Head of Investment & Capital Markets at Knight Frank, says, “The new development could potentially yield...

Full article: https://www.iproperty.com.sg/news/dunearn-court-sold-to-r...

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