PROJECT DETAILS
Dunearn Court with site area of xxx square feet was sold to Roxy Pacific, for S$36.3 million.
Roxy Pacific submitted the top bid of S$36.3 million for Dunearn Court
Oxley Holdings submitted the top bid of S$265 million for Mayfair Gardens
Located in the Central Region of Singapore, Dunearn Court has a land area of 19,203 sqft and a plot ratio of 1.4. It comprises of 12 units of apartments. The owners each got an average of S$2.91 million and S$3.12 million.
The sales price will translate to about Sxxx per square feet per plot ratio. The estimated breakeven amount is likely to be around S$xxxx psf.
New Condo in Dunearn Road has an attractive and centralised location as it is close proximity to Central Business District (CBD) and Orchard Shopping Belt.It takes drivers approximately 9 minutes drive to the CBD. And it is easily accessible to Tan Kah Kee and Botanic MRT Station.
New Condo at Dunearn Road- Connectivity
New Condo at Dunearn Road is close to Tan Kah Kee MRT Station and Botanic Gardens Train Station which operates as the interchange for the Circle Line (CCL) and Downtown Line (DTL).. Its future residents will enjoy greater convenience when it comes to commuting. When it comes to driving, New Condo at Duneran Road is just 6 minutes away from Orchard and 14 minutes’ drive to the CBD. New Condo at Dunearn Road is also accessible to major roads such as Adam Road and Holland Road and also the PIE.
New Condo at Duneran Road- Education
New and upcoming oondo at Duneran Road is close to reputable schools such as Nanyang Primary School, Raffles Girls’ Primary, Singapore Chinese Girls’ School, St. Margaret’s Secondary School, Hwa Chong Insituation and National Junior College.
New Condo at Dunearn Road- Amenities
For retail options, New Condo at Dunearn Road is just walking distances to Serene Centre, King’s Arcade and Coronation Shopping Plaza. It is also near Adam Food Centre and Empress Market where many local delights can be found. New Condo at Dunearn Road is just a short drive away from Holland Village there are many bistros and dining outlets which serves up international cuisines.
For relaxation, New Condo at Dunearn Road’s future residents can take a stroll, jog or walk their dogs in the nearby Botanic Gardens on a lazy weekend or have a day of golfing at Tanglin Golf Course which is just a short drive away.
The site of Dunearn Court has a central location being in the Central Region of Singapore, with good connectivity, proximity to good scholls and lush greenery around make excellent choice for own-stay.
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| Project | New Condo Dunearn Road at former site of Dunearn Court |
| Developer | Roxu Pacific |
| Location | Dunearn Road, Bukit Timah Road |
| District | 11 |
| Tenure | Freehold |
| Site Area | square metres/ 19,203 square feet |
| GFA: | |
| Plot Ratio | 1.4 |
| Expected TOP: | |
| Total Units | Approximatley 33 residential apartments |
| Total Carpark | |
| Development | Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
| Project | New Condo Dunearn Road at former site of Mayfair Gardens |
| Developer | Oxley Holdings |
| Location | Dunearn Road, Bukit Timah Road |
| District | 11 |
| Tenure | Freehold |
| Site Area | |
| GFA: | |
| Plot Ratio | |
| Expected TOP: | |
| Total Units | Approximatley residential apartments |
| Total Carpark | |
| Development | Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
LOCATION and AMENITIES
Amenities Near New Condo at Dunearn Road
| Category | Important Amenities Near New Condo at Dunearn Road | Approximate Distance |
| Train Stations | Tan Kah Kee Downtown Line Botanic Gardens (CC19/DT9) Downtown Line |
0.5km |
| Bus Stop | Opp Lutheran Twrs (Bus: 48, 93, 5N, 153, 165, 174, 186, 855, 961, 961C) Lutheran Twrs (Bus: 153, 165, 174, 186, 855, 961, 961C, 48, 93) Bef Crown Ctr (Bus: 66, 67, 74, 151, 154, 156, 157, 170, 171, 174, 852, 961, 961C) |
0.1km 0.1km 0.2km |
| Supermarkets | Cold Storage Sheng Siong Giant |
0.2km 2.8km 2.9km |
| Shopping Malls | Serene Centre King’s Arcade Coronation Shopping Plaza |
0.2km 0.3km 0.4km |
| Education Institutions | Preschool | |
| Bibinogs Preschool Little Oaks Montessori Kindergarten Bibinogs Preschool (King’s Arcade) Pibos Garden Preschool My Montessori My World Kindergarten Nanyang Kindergarten Sunshine Kindergarten Buttercups Montessori Kindergarten Cherrybrook Kindergarten |
0.2km 0.2km 0.3km 0.3km 0.8km 0.9km 1.8km 1.8km 2.0km |
|
| Primary | ||
| Nanyang Raffles Girls’ Singapore Chinese Girls’ |
0.5km 1.2km 1.7km |
|
| Secondary | ||
| St. Margaret’s Hwa Chong Nanyang Girls’ High School Singapore Chinese Girls’ |
0.4km 0.8km 1.5km 1.7km |
|
| Junior College | ||
| Hwa Chong JC National JC |
1.3km 1.4km |
|
| Tertiary | ||
| National University of Singapore (Bukit Timah Campus) | 0.5km | |
| International | ||
| Chinese International School | 1.9km | |
| Food Centre | Adam Road Food Centre Empress Market |
0.3km 1.0km |
| Lifestyle | Hollandse Club Japanese Association of Singapore Raffles Town Club Singapore Botanic Gardens National Orchid Garden Tanglin Golf Course Country Club |
1.1km 1.1km 1.5km 1.6km 1.6km 1.8km |
FACILITIES and SITE PLAN E-BROCHURE
The Facilities and Site plan of new condo launch at the former site of Dunearn Court, along Dunearn Road are currently seeking approval from relevant authorities.
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RESIDENTIAL FLOOR PLANS E-BROCHURE
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FORMER SITE OF MAYFAIR GARDENS SOLD TO OXLEY HOLDINGS FOR CONDO REDEVELOPMENT
1) The collective sale market continues to thrive, with the latest being Mayfair Gardens, snapped up by listed property developer Oxley Holdings for $311 million.
The reserve price was $265 million.
Each owner stands to collect a gross sale price of around $1.7 million to $2.89 million once the deal goes through successfully.
The private residential estate is made up of six residential walk-up blocks with units ranging from 100 to 200 sq m and has a site area of 19,368 sq m.
Located off Dunearn Road, it is near schools such as Methodist Girls' Primary and Secondary, as well as Hwa Chong Junior College. It is about 300m from King Albert Park MRT station.
The sale price, with an additional lease top-up premium estimated at $52 million to top up the lease to a fresh 99 years, translates to a land price of about $1,244 per square foot per plot ratio, said marketing agent Knight Frank in a statement yesterday.
The public tender for Mayfair Gardens was launched on Oct 23 with a reserve price of $265 million and closed on Thursday, with owners of 105 of the 124 units - which accounted for more than 84 per cent of the total strata area - agreeing to the collective sale.
Mr Ian Loh, executive director and head of investment and capital markets at Knight Frank, said the new development could potentially house 387 homes of an average 70 sq m in size.
"At the sale price of $311 million, the breakeven price for the new project is estimated at $1,780 psf," he said.
Under the 2014 Master Plan, the site is zoned "Residential" with a gross plot ratio of 1.4, which allows redevelopment potential to reach up to a maximum permissible gross floor area of 291,865 sq ft.
Oxley said in a statement to the Singapore Exchange that the purchase will be funded by internal resources and bank borrowings.
Knight Frank has sold five collective sale sites worth a total of $1.8 billion in the last six months, including Normanton Park and Dunearn Court.
Source: The New Paper 19th November 2017
ROXY WON TOP BID FOR FORMER DUNEARN COURT CONDO SITE THROUGH EN BLOC SALES
2) Dunearn Court in prime District 11 has been sold for $36.3 million while Mayfair Gardens has been put up for collective sale.
Each owner at the 12-unit Dunearn Court will get about $2.91 million to $3.12 million, which works out to around $2,004 per sq ft (psf) to $2,140 psf.
The 19,203 sq ft freehold site, which was bought by Roxy-Pacific Holdings unit RH Central, has a gross plot ratio of 1.4.
The sale price, which carries a development charge of about $550,000 to redevelop the site, translates to a land price of about $1,371 per sq ft per plot ratio (psf ppr).
"The new development could potentially yield 35 new units of 70 sq m each," said Mr Ian Loh, executive director and head of investment and capital markets at Knight Frank, the marketing agent.
"It is situated within 500m from Tan Kah Kee MRT station and Botanic Gardens MRT station, close to the Singapore Botanic Gardens and schools, including Nanyang Primary School and Nanyang Girls' High School."
The acquisition will be financed by internal funds and bank borrowings and is not expected to affect the group's consolidated earnings and net tangible assets per share for the financial year ending Dec 31.
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