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D’Grove Villas come to the collective sale market with $398m price tag

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The freehold residential development in prime District 10, D’Grove Villas, is being put up for collective sale with a reserve price of $398 million, said Centaline Singapore.

Centaline Singapore on March 27 announced the launch for collective sale by tender of D’Grove Villas, a freehold high-rise residential redevelopment site strategically located within Singapore’s prime District 10 in the upscale Ardmore precinct.

Its parent company Centaline Property Group is one of Hong Kong’s largest property agencies in the region, with over 60,000 employees and 2,600 offices across China, Hong Kong, Singapore and Macau. Singapore’s economy has always been stable, which makes it more attractive for overseas developers and investors looking into a long-term investment here. D’Grove Villas is an excellent and rare opportunity for developers looking to build a residential development with a distinguished address yet enjoying the lush tranquillity and quiet surrounding. Given its positive site attributes, it will definitely gain strong interest from local and overseas developers.

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