Chancery Garden, a prime freehold mixed landed site in District 11, has been sold via private treaty for S$41 million.
According to OrangeTee’s Investment and Advisory Department, the S$41 million sale price translates to about S$1,391 per square foot over the land area.
The three-storey block comprises 10 apartments and townhouses and has a site area of approximately 29,468 square feet.
The size of the apartments ranges from 614 square feet to 1,109 square feet, while the size of the townhouses ranges from 1,615 square feet to 2,906 square feet.
The site is located at one of the highest points in Chancery Hill and is a five-minute drive away from the main Orchard shopping belt.
The developer could build a combination of conventional terraces, semi-detached and detached houses, as well as strata terraces, strata semi-detached houses and strata bungalows.
Source – CNA – 24 jun 2013