Villa Des Flores located at Whitely Road in district 11 is a 41 units freehold condominium sitting on a site area of 104,370 square feet was put up for collective sales.
The current development is more than 20 years old and consists of 28 apartments and 13 townhouses.
The sellers is asking for a selling price of $160 million to $165 million or worked out to be from $1,533 psf to $1,581 psf with no expected development charge payable.
In the 2008 Master Plan, this land parcel is zoned for 2-storey mixed landed housing development which will include detached, semi-detached, terraced houses, or a combination of these.
Alternatively, it can also be redeveloped into a strata landed project for about 24 strata bungalows, 48 strata semi-detached or 64 strata terraced houses.
According to the marketing agent, this site is situated 'within the prime and exclusive Chancery/ Bukit Tunggal neighbourhood and is sited on elevated grounds' with Orchard Road just a short driving distance away.
It is also near to good educational institutions like St Joseph's Institution, Catholic Junior College and Anglo-Chinese School (Barker Road).
This collective sale tender closes on 6th July 2012.
7 June 2012