Freehold project has 30 detached, semi- detached houses
AUSTRALIAN property company Brisbane Development is all set to release the second phase of Illoura, its strata landed project in the Holland Road area, after the first 15 units in the development were sold at prices exceeding $5 million apiece.
Illoura consists of a total of 30 detached and semi-detached houses which are being developed on 87,100 sq ft of freehold land in the prestigious Holland Road precinct.
Designed by award-winning SCDA Architects, each home will have two storeys plus attic and basement, with strata areas measuring from 4,180 sq ft to 4,560 sq ft.
‘Illoura represents our first major project in Singapore and the introduction of an exciting new cluster housing concept,’ said Scott Collins, Brisbane Development’s director.
‘It is pleasing to see the high level of interest demonstrated by Singaporean and foreign investors at this early stage of the project’s release.’
Margaret Thean, executive director of property firm DTZ, which is marketing agent for the development, said that the project’s choice location and quality would attract buyers. The project is also expected to provide good rental yields, she said.
Illoura’s design comprises two parallel developments overlooking a central landscaped recreational area including a 25-metre swimming pool, jacuzzis and large timber decks.
Each of the six detached and 24 semi-detached houses at Illoura is designed around a central interlocking courtyard with an open terrace.
A typical house will have four bedrooms with en-suite bathrooms, a large gourmet kitchen, open plan living and dining area, an internal private lift accessing all floors in the home, and two private car parks, the developer said.
Source: Business Times 27 Sept 07