19 Jul '17, 3am

Villa D’Este back in the collective sale market https://t.co/lvQ0ifEOq5

Nestled within a good class bungalow area, the site is zoned for residential use under the Urban Redevelopment Authority’s 2014 Masterplan. (Photo: CB Richard Ellis) Villa D’Este, a 12-unit condominium project in Dalvey Road, has been put up for collective sale again, with an indicative price of S$96 million, reported The Straits Times. This translates to around S$1,730 psf based on the land area of 55,480 sq ft, said marketing agent CBRE, adding that no development charge is payable for the freehold property. It revealed that 10 out of the 12 homeowners, or around 83 percent, had agreed to the en bloc sale. In fact, the owners started the collective sale process nine months ago when some “green shoots” indicated that the “residential market was poised for recovery”, said CBRE capital markets director Galven Tan. “It’s hard to time the market… but by a stroke of good luck,...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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