The HUDC estate in Eunoville is on the market for collective sales. This was the 2nd collective sale in the month of April. This marks the revival of the collective sales market in Singapore. Another HUDC estate, Rio Casa was also ready for sale in April 2017.
Eunosville was constructed in the 1980s and there is a lease of 70 years left. Developer that buy over the land will have to pay an amount of $155 million to the Government to increase the lease of the entire plot to 99 years. Estate has the huge front on the Sims Avenue and Changi Road. The total area of the land is approximately 376,713 square feet. This estate contains 10 maisonettes residential sites and 4 apartment sites. The total number of maisonettes are 225 and apartments are 75. The Euno MRT Station is also just door step away from Eunosville.
According to the analysts, it is speculated that this year the Eunoville estate will be sold. The reason behind this is that there is a demand for land by real estate developers to replenish their inventory. Another reason is the Government has limited supply of private housing site. It is projected that this year, 20 more estate sites will be up for collective sales. Some of the residential sites include:
- The Balmoral condominiums.
- Amber Park condominiums.
- Lakeside Tower.
Eunosville was privatized in the year 2011 and this is its first try at en bloc. The price that is set for the estate is $688 million. If it is picked this year, it will be the largest en bloc in 6 years. The asking price of this collective sales translates to $799 per square feet per plot ratio.
Below are some of the collective sale of other HUDC estates. They are:
- Waterfront View for $385 million
- Amberville for $183 million
- Gillman Heights for $548 million
- Minton Rise for $342 million
- Shunfu Ville for $ 638 million (where the upcoming Shunfu Road Condo will be)
Refer to the website links for more information on the Eunosville Enbloc
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