Thursday, October 18, 2007

Villa Delle Rose Up For Sale By Public Tender

Source : Channel NewsAsia, 17 October 2007

A development in the Holland Road area has been released for en bloc sale by public tender.

The sale of Villa delle Rose was launched on Wednesday with a guide price of S$700 million.

This works out to almost S$1,758 per square foot per plot ratio.

Villa delle Rose sits on 27,604.5 square meters of prime land.

The development charge payable is approximately S$31 million.

Under the Master Plan 2003, the site is zoned for residential use with a plot ratio of 1.4 and a height restriction of four storeys.

The tender exercise closes at 3pm on 16 November. - CNA/so

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