Exclusive freehold site Holland Tower to be launched for collective sale

SINGAPORE – Sole marketing agent, Singapore Realtors Inc (SRI) is pleased to announce the launch of Holland Tower for collective sale via tender.

Holland Tower. Picture: SRI

Holland Tower, situated at 10 Holland Heights, is a rare exclusive District 10 development in an exclusive cul-de-sac elevated plot that offers amazing unblocked views overlooking Holland Park and Ridout Park Good Class Bungalow Areas (GCBA).

The tenure of the site is freehold and has a land area of approximately 2,031.9 sqm (or 21,871 sqft). It is zoned as Residential for GCBA under the 2014 Master Plan. The successful tenderer could potentially rebuild an upscale development back to approved original intensity, subject to approval from authorities.

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“Since the beginning of the year, there have been 24 successful collective sales deals totaling S$8.06 billion, almost surpassing the S$8.52 billion achieved in 2017. The proportion of the six deals from District 10 worth S$1.94 billion represented almost 25% in deals done in the first four months of 2018. We believe the tender will draw keen interest from developers with an eye on highest quality, detailing and design.”, cites Mr. Tony Koe, Managing Director of SRI.

The owners’ reserve price of S$65 million equates to S$1,489 per square foot per plot ratio (psf ppr).

The six successful collective sale deals from District 10 this year includes Olina Lodge at $1,712 psf ppr (Apr 2018), Tulip Garden at $1,790 psf ppr (Apr 2018), Hollandia at S$1,703 psf ppr (Mar 2018), Toho Mansion at S$1,805 psf ppr (Mar 2018), City Towers at S$1,847 psf ppr (Feb 2018) and The Wilshire $1,600 psf ppr (Jan 2018).

Residents of the future development can look forward to being close to Holland Village and Dempsey Village. The famous Orchard Road shopping belt and Singapore’s first UNESCO World Heritage Site, Singapore Botanic Gardens, are also a short drive away.

“Holland Tower offers the successful tenderer the opportunity to develop a unique product of exceptional quality with sweeping views over the luscious greenery,” says Mr. Andy Gan, Head of Investment Sales at SRI.

The tender for Holland Tower closes at 2.00 pm on Wednesday, 30 May 2018.

Article contributed by SRI.