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Another former HUDC estate Eunosville put up for en bloc sale

Posted by Developer Sales on April 17, 2017
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Eunosville located opposite Eunos MRT station

Eunosville located opposite Eunos MRT station

PUBLISHED APR 12, 2017

SINGAPORE – Eunosville which is located opposite Eunos MRT, comprises of 10 residential blocks of maisonettes and four walk-up apartment blocks, translating to 255 maisonettes and 75 apartments, was put up for sales.

Owners of 330-unit Eunosville have put their former HUDC estate up for collective sale – which is the second such sale this week.

Rio Casa, another privatised HUDC estate in Hougang, was put up for sale two days ago.

Eunosville was built in the late 1980s, it has a remaining lease of about 70 years.

The estate has a land area of about 376,713 sq ft sits on a site that is rectangular in shape with wide frontage onto Changi Road and Sims Avenue.

Analysts have said that residential en bloc sales may be positive this year, given the rare supply of private housing sites due for sale by the Government and revived demand for land shown by developers.

According to data provided by JLL Singapore and reported by Channel NewsAsia, at least 20 more residential projects may go en bloc this year. They include Amber Park condominium, Lakeside Tower and The Balmoral condominiums.

Source: http://www.straitstimes.com/business/property/another-former-hudc-estate-eunosville-put-up-for-enbloc-sale

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