Freehold high-rise residential development D’Grove Villas has been relaunched for sale at a minimum expected price of $392m or $2,908 psf ppr, Centaline Singapore announced. Located within District 10 in the Ardmore precinct, the 21-storey development sits on a 50,400 sqft site overlooking the Botanic Gardens. It is zoned for residential use and has a gross plot ratio of 2.8 under URA’s Master Plan 2014. Subject to approvals from the relevant authorities, Centaline noted that D’Grove Villas may be redeveloped into a luxury condominium up to 36 storeys high with an approved GFA of 141,120 sqft. D’Grove Villas was first launched for sale in Mar for $398m. “With the resurgence of property purchases by foreigners over the past couple of months, and several big-ticket GCB transactions in the vicinity, this premier neighbourhood will certainly add a boost to the land value. We have also seen property sales picking up in the market, especially in the private home sector,” noted Ronnie Khoo, Centaline Singapore KEO. The tender for D’Grove Villas will close on 30 Sept.... Continue Reading