Roxy-Pacific to acquire Dunearn Court for $36.3 mil

By Angela Teo
/ EdgeProp |
Ask Buddy
Most unprofitable landed transactions in past 1 year
Landed transactions with the highest profits in the past year
Recently launched projects
Condo projects with most expensive average PSF
Condo projects with most profitable transactions
Most unprofitable landed transactions in past 1 year
Landed transactions with the highest profits in the past year
Recently launched projects
Condo projects with most expensive average PSF
Condo projects with most profitable transactions
Roxy-Pacific Holdings announced on Oct 23 that its wholly-owned subsidiary has entered into a conditional agreement to buy Dunearn Court in a collective sale, at $36.3 million.
After taking into account a development charge of about $550,000 to redevelop the site to a gross plot ratio of 1.4 as stated in the 2014 URA Master Plan, this translates to a land cost of about $1,371 psf per plot ratio (ppr), says marketing agent Knight Frank.
Each owner is expected to receive a gross sale price of approximately $2.91 million to $3.12 million upon completion of the sale, adds Knight Frank.
Advertisement
Dunearn Court
Source: Knight Frank
The existing freehold Dunearn Court site, which spans 19,203 sq ft, houses 12 apartments in a single block. According to Ian Loh, executive director and head of investment & capital markets at Knight Frank, the new development could potentially yield 35 new units of 753 sq ft.
The Dunearn Court site is located within walking distance of Botanic Gardens MRT station, and is within 1km from Nanyang Primary School.
Ask Buddy
Most unprofitable landed transactions in past 1 year
Landed transactions with the highest profits in the past year
Recently launched projects
Condo projects with most expensive average PSF
Condo projects with most profitable transactions
Most unprofitable landed transactions in past 1 year
Landed transactions with the highest profits in the past year
Recently launched projects
Condo projects with most expensive average PSF
Condo projects with most profitable 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