http://www.straitstimes.com/Money/St...ry_807966.html

Whitley Road condo up for collective sale

Published on Jun 7, 2012


A SITE in prime district 11 currently home to a freehold condominium is being put up for collective sale today.

Villa Des Flores, a 41-unit condominium, sits on a 104,370 sq ft site at Whitley Road.

The project comprises 13 townhouses and 28 apartments and is more than 20 years old.

The indicative price range is $160 million to $165 million which translates to $1,533 per sq ft (psf) to $1,581 psf, said DTZ, the sole marketing agent for the sale.

The plot is zoned for landed housing development, which is rare, DTZ added.

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

The successful developer can build detached, semi-detached, or terraced houses, or a combination of these.

As a cluster landed project, the site can hold about 24 strata bungalows, 48 strata semi-detached or 64 strata terraced houses.

No development charge is likely to be payable, DTZ said.

In a media release yesterday, the marketing agent noted that the site is located 'within the prime and exclusive Chancery/ Bukit Tunggal neighbourhood and is sited on elevated grounds'.

The area is close to several schools such as St Joseph's Institution, Catholic Junior College and Anglo-Chinese School (Barker Road). Orchard Road is a short drive away.

The tender closes on July 6 at 3pm.

AMANDA TAN