Offered for en bloc sale

CHESTNUT VILLE (I and II), a mixed landed site at Dairy Farm Crescent, has been put up for collective sale and the indicative price for the combined plot is $90 million. 
 
This represents a land price of $741 psf over the land area, inclusive of an estimated $1 million development charge. 
 
The development currently comprises 11 townhouses and 34 walk-up maisonette units with a combined land area of about 122,677 sq ft. 
 
Credo Real Estate, which is marketing the site, says that the site is zoned for three-storey mixed landed housing. 
 
This means the site may yield a combination of conventional terrace houses, semi-detached and detached houses; or cluster landed housing with strata terrace houses, strata semi-detached houses and strata bungalows with communal facilities.