Chancery Garden, a prime freehold mixed landed development at District 11 near Orchard Road has been put up for collective sale by tender.
With a site area of 29,468 sq ft, it could house six strata semi-detached plus 10 strata terraces, 18 strata terraces or any other configuration subject to approval.
The property’s owners expect a minimum price of S$45 million and it is likely to attract interest from medium-sized developers and high-net-worth individuals.
“We see continued strong interests for strata landed development sites in prime districts 10 and 11. Within the Whitley locality, the latest transaction of 121C Whitley Road was 16 percent higher than Whitley Heights transacted merely nine months ago in September 2011,” said Alex Oh, Assistant Director at OrangeTee Investments, which is marketing Chancery Garden.
The tender for the site will close on 23 August.