In a move that is stirring interest among developers and investors alike, Villa Des Flores, an esteemed residential fixture in Singapore’s District 11, has been announced for en bloc sale with a striking guide price of $180 million.
This anticipated sale is expected to inject a new wave of luxury living options in one of Singapore’s most coveted districts.
Villa Des Flores, which comprises a selection of townhouses and apartment units built in 1985, stands as a testament to architectural grace and community living.
The development sprawls over an elevated, secluded site of about 104,370 square feet along Whitley Road and is known for its peaceful environs and strategically planned layouts.
SRI Capital, the exclusive marketing agent for Villa Des Flores, unveiled the sale proposal on a note of optimism, buoyed by the current upward trend in demand for residential spaces in Singapore’s core central regions.
The development is projected to draw attention due to its freehold status, a rarity that assures long-term value for prospective developers.
At $180 million, the land rate is estimated to be $1,725 per square foot, which is considered reasonable given the recent transactions in the vicinity.
The site’s potential for redevelopment into luxurious landed homes, subject to relevant authority approvals, is one of the primary selling points being highlighted.
The collective sale heralds the opportunity for the next developer to transform the site into a modern residential development or retain the mixed landed residential essence that the area is famed for.
Either way, it promises a fresh chapter for Villa Des Flores, aligning with the latest lifestyle expectations and architectural trends.