25 Nov '14, 3am

"This is a sweet spot to boutique developers in the present market" More on the collective sale of Derby Court:

Savills Singapore is pleased to announce the launch by tender, the collective sale of Derby Court, a boutique freehold site located in the prime District 11 Novena enclave. The 12-storey development occupies a corner plot of approximately 1,719.3 sq m (or 18,506 sq ft) at 5 Derbyshire Road. The development (35 years of age), consists of 20 apartments with an existing gross floor area of 4,932.61 sq m (or 53,094 sq ft). No development charge is payable due to the high development baseline which reflects a plot ratio of 2.869. The site is zoned “Residential” with a plot ratio of 2.8 under the 2014 Master Plan. The site enjoys convenient access to Novena MRT station, Orchard Road and the CBD. It is situated within 1 km of popular schools such as St Joseph’s Institution (Junior) and Anglo Chinese School (Junior) and a short walk to 3 established malls – United Square, Velocity...

Full article: http://www.savills.com.sg/_news/article/39553/133823-0/11...

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