Enbloc news: Villa Des Flores...yet again!

By The Folks @PropTalk - January 10, 2013 No Comments

Villa Des Flores, a freehold development on Whitley Roadhas been up for collective sale again, after two previous unsuccessful attempts last year.

The indicative price range remains unchanged at $160 million to $165 million or $1,533 to $1,581psf, said DTZ.

The 41-unit condominium sits on a 104,370sqft land parcel and comprises 13 townhouses and 28 apartments.

Shaun Poh, DTZ's senior director for investment advisory services and auction, said previous bids for the site did not meet the indicative asking price.

He revealed that a handful of inquiries for the site were received after the closing period in October, prompting this third attempt at a collective sale.

According to Master Plan 2008, the site can be developed into two-storey mixed landed housing.

The developer has the option to build detached, semi-detached, terrace housing or a combination of such, either based on conventional housing types or as a cluster housing development.

The tender closes on Jan 30 at 3pm.

Click on link below to read our previous posts on the Villa Des Flores collective sale:

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