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Singapore : DTZ to conduct tender sale of Villa Des Flores
Publish Date : 07-Jun-2012
DTZ, the sole marketing agent for the collective sale of Villa Des Flores at 125 Whitley Road, Singapore, is conducting a tender sale for the property closing on Friday, 6 July 2012, 3 pm.
The freehold property sits on a land area of approximately 9,696.3 sq m (104,370 sq ft). The site can be developed into 2-storey mixed landed housing, allowing the developer an option to build detached, semi-detached, terrace houses or a combination of such, either based on conventional housing types or as a cluster housing development.
As a cluster landed project, the site can accommodate about 24 strata bungalows, 48 strata semi-detached or 64 strata terrace houses. No development charge is likely to be payable.
Shaun Poh, DTZ’s senior director for Investment Advisory Services and Auction commented: \"Large sites for landed housing developments, especially in prime District 11, are rarely available for sale in contrast to apartment development sites, and prices of landed properties continue to trend up due to extremely strong demand. We therefore envisage keen interest in the property from developers.\"
