D’Grove Villas, a freehold high-rise condo in prime District 10, has once again been put up for en bloc sale, together with the asking price reduced to $392 million or $2,908 per sq feet per plot ratio (psf ppr).
Marketing representative Centaline Singapore initially introduced the property for collective sale in March, with a cost of $398 million.
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Situated at 8A Orange Grove Road inside the Ardmore precinct, the 21-storey condo sits on a 50,400 sq feet website zoned residential under the 2014 Master Plan, using a 2.8 gross plot ratio, reported The Business Times.
Subject to the applicable authorities’ acceptance, the 45-unit advancement may be redeveloped to a 36-storey condo with a allowable gross floor space of 141,120 sq feet inclusive of balconies.
It’s within walking distance to the Orchard Shopping belt, together with colleges, Singapore Botanic Gardens and the central business district all a couple of minutes’ drive away. It’s also near very good course bungalows (GCBs), personal clubhouses, serviced flats and embassies.
“With the resurgence of property purchases by foreigners over the last few months, and many big-ticket GCB trades in the vicinity, this premier neighbourhood will certainly add a boost into the property worth,” said Centaline Singapore key executive officer Ronnie Khoo.
“We also have seen property sales picking up on the current market, especially in the personal home industry.”