CB Richard Ellis (CBRE) has launched the public tender for the sale of Ying Mansions, located at 25 Robin Road, and the re-launch of Villa D’Este.
Ying Mansions is an eight-unit apartment development sitting in an exclusive area off Bukit Timah Road in District 10. With an area of about 23,975 sq ft, the prime freehold site has a plot ratio of 2.1 and height control of up to 24 storeys.
With a potential gross floor area (GFA) of 55,383 sq ft, the site is regularly shaped, allowing for planning flexibility. The developer can build 40 exclusive apartments of about 1,200 sq ft each.
The guide price is S$70 million, excluding a development charge of S$18.1 million, which works out to around S$1,750 ppr.
Meanwhile, Villa D’Este is a 12 unit apartment development located at 105 – 111 Dalvey Road. It comprises a part three and part four storey apartment development sitting on a car park podium.
With an area of 55,480 sq ft, the property has a GFA of about 49,071 sq ft. It can be redeveloped back to apartments given that there is no intensification of the existing approved GFA and storey height.
The reserve price for the property is S$110.6 million, or $2,253 ppr, with no development charge payable.
The developer can opt to build 13 to 14 exclusive apartments of about 3,500 sq ft each.
The public tender for Ying Mansions and Villa D’Este will close on February 23 and 15, respectively.