A two-storey freehold bungalow at Tudor Close in District 11 is up for sale by tender with a price tag of over S$38 million, said the property’s marketing agent Savills Singapore.
Located on a 22,534 sq ft site, the plot has been approved for subdivision into four lots. It lies near the Camden Park and Chee Hoon Avenue good class bungalow (GCB) areas and is accessible via Dunearn Road and Kheam Hock Road.
Commenting on the sale, Steven Ming, Deputy Managing Director of Savills Singapore, said: “Such (a) prime site is rare and would appeal to boutique developers and extended families who wish to stay close together.”
Derrick Tan, Associate Director for Investment Sales, added: “The property is expected to be well-received as it has attractive attributes for a dream home such as being well-elevated, regular shaped and a north-south orientation.”
The tender for the site closes on June 28.
Source – PropGuru – 22 May 2013