Eunosville is a former HUDC which is located next to Eunos MRT Station that is a prime real estate development due to its proximity to many amenities around the Eunos, Geylang and Kembagan area. Eunosville sits on a huge land area of 376,731 sqft that comprises of four low-rise blocks as well as 2 high rise blocks. Eunosville is orientated in the North South facing and makes it ideal for home stay for many of the residents that were previously staying in the development.
Eunosville Former MCL Land Condo
Eunosville currently went under an enbloc sale and the top bidder for the plot of land is MCL Land which is a unit of Hongkong Land. The plot of land has a existing plot ratio of 2.8 and plans are underway to utilize the plot of land to maximize the plot ratio. With the price paid for the plot of land which has a remaining lease of 71 years, a further premium was needed to top up the lease to a fresh 99 years and based on the estimated price paid for other fees. The estimated breakeven price for the plot of land will be $1,400psf.
Eunosville Former HUDC Enbloc
Eunosville represents a prime piece of land that is located near to many amenities as well as the Eunos MRT Station on the East Coast Line. There are concerns that many of the existing property prices near MRT Station in a mature estate is rising beyond the financial means of middle class Singaporeans but Eunosville enbloc which came in timely shows that there are still good located developments that are reasonable priced for the mass market private condo upgraders.
Eunosville Former HUDC at Eunos MRT Station
Eunosville is also just one stop away from Paya Lebar Hub where there are plenty of shopping malls such as the upcoming Paya Lebar Quarter as well One KM Mall.