Min Yuan Apartments En Bloc SOLD to Fragrance Group for S$141 million

Min Yuan Apartments En Bloc SOLD to Fragrance Group

With acquisition of 62 & 64 Waterloo Street, they Plan to Combine and Redevelop these 2 Properties into a Brand-New Modern Hotel 

Min Yuan Apartments, in District 7 has Sold en bloc for S$141 million to Fragrance Group, one of the famous developers in Singapore.

The developer made headlines last year when they acquired Waterloo Apartments (64 Waterloo Street) site for $131.1 million and at a land rate of S$2,172 psf ppr.

It is interesting to know that Min Yuan is neighbour of Waterloo Apartments and has now join collective success with its neighbour.

With these 2 en bloc sites acquired, Fragrance Group have in mind to redevelop the two properties together for a new hotel development.

The land area will then have a total of 2,694 square meters and a GFA of 11,315 sq m.

It is of course after obtaining the necessary approvals from the authorities.

See District 7 En Bloc News:

  1. Min Yuan Apartments En Bloc SOLD in 2019
  2. Selegie Centre En Bloc SOLD in 2019
  3. Golden Wall Centre En Bloc SOLD in 2018
  4. Waterloo Apartments En Bloc SOLD in 2018

About Min Yuan Apartments Site

Min Yuan Apartments is located at 62 Waterloo Street district 7, currently the hottest en bloc zone in Singapore.

The site has a land size of 14,629 square feet and a tenure of 999 years with 4.2 plot ratio.

It is easily accessible with 4 MRT Stations nearby: Bras Basah, Bencoolen, City Hall and Bugis.

Connectivity plays a very important part when comes to hotel development, since tourist can’t rent a car and drive in Singapore, the only way to travel is by railway stations.

All these stations mention above is only walking distance from the site and tourists will choose a hotel with the best connectivity.

The en bloc site is also situated in popular tourist zone in Singapore with many interesting places to go and explore, top attractions to visit.

See Min Yuan Previous News: Min Yuan Apartment En Bloc Sale
Min Yuan En Bloc Details

Tenure: 999-year Leasehold

Land Size: 14,629 square feet

Total Units: 27

Plot Ratio: 4.2

Nearest MRT: Bencoolen (150m)

Address: 62 Waterloo Street, Singapore

District: 7

Marketing Agent: CBRE Singapore

Reserve Price: S$145 million
S$2,678 psf ppr

Sale Price: S$141 million
S$2,619 psf ppr

Tender Result: Buyer Found
Status: SOLD
Date of Sale: September 2019
Buyer: Fragrance Group
New Development: TBA
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