25 Apr '13, 6am

Versailles

Guillemard Road condo up for collective sale Apr 25, 2013*By Melissa TanA 55-UNIT freehold condomi-nium along Guillemard Road was put up for collective sale yesterday.The Versailles sits on a plot of about 53,073 sq ft and was built in the early 1990s.Its owners are expecting offers ranging from $105 million to $110 million, which translates into about $1,088 psf to $1,133 psf per plot ratio (ppr). This includes the development charge.This is the first time the owners are trying to sell the property en bloc, said sole marketing agent Jones Lang LaSalle (JLL) Singapore in a statement yesterday.The four-storey development could be redeveloped into a condo of up to 24 storeys, subject to approval, and yield up to 148 units.JLL's national director of investments Yong Choon Fah said a new project on the site would likely be popular among owner-occupiers and investors.She cited ...

Full article: http://forums.condosingapore.com/showthread.php?p=392682#...

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