Holland Drive GLS: UOL and CapitaLand Lead with Top Bid

A prime, 99-year leasehold private housing site near Holland Village MRT station received three bids on May 14. The highest bid came from a consortium led by UOL Group and CapitaLand Development, totaling S$805.39 million. This equates to approximately S$1,285 per square foot per plot ratio (psf ppr).

Market Expectations

Holland Drive GLS site bids fell below market expectations. Analysts had predicted top bids between S$1,350 psf ppr and S$1,500 psf ppr. The site, expected to yield about 680 private homes, attracted three bids instead of the forecasted one to five.

Competitive Bidding

The second-highest bid was S$765.26 million, or S$1,221 psf ppr, from a partnership between Intrepid Investments and Hong Realty. The 5% difference between the top two bids suggests the market value developers place on this location. According to Huttons Asia project director Ngiam Juyong, this margin justifies considering the site award.

Lowest Bid for Holland Drive GLS

Japura Development, linked to CK Asset and Hong Kong tycoon Li Ka-shing, submitted the lowest bid at S$632 million, or S$1,008 psf ppr. The Urban Redevelopment Authority (URA) of Singapore conducted the tender for the Holland Drive GLS site.

Market Comparison and Trends

Holland Drive GLS S$1,285 psf ppr is 32% lower than the S$1,888 psf ppr fetched in 2018 for the adjacent commercial and residential site. That site is being developed into One Holland Village, comprising residential units, serviced apartments, retail, and office spaces by a consortium led by Far East Organization. This significant difference reflects developers’ cautious approach toward large, prime residential sites in current market conditions.

Conclusion

The Holland Drive GLS site saw competitive bidding despite falling below market expectations. The top bid by UOL and CapitaLand at S$1,285 psf ppr reflects current market sentiment and risk aversion among developers for large, prime sites. This cautious approach may influence future tenders and development plans in similar prime locations.

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Super Rare 5 Room For Sale 125 SQM | 1,345 SQFT

1 min walk to Farrer Road MRT (CC20)

Sheltered walkway

Many Bus to Town

Within 1 KM of Nanyang Primary School

Inwards facing (not facing Farrer Road)

High Floor, vast of landed & greenery views

Empress Market is just a walkable distance

Quiet ambience and living

Corner Unit!

Super Rare Unit

Very nice unit, View to believe

Viewing by Appt only!

For appointment enquiry

https://wa.me/6586663339

For other new projects in the vicinity, pls visit: Officiallaunch.com.sg

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Factsheet

About CanningHill Piers

CapitaLand and CDL introduce CanningHill Piers Condo. This is a brand new landmark residence nestled between Fort Canning Hill and Singapore River. It is probably the only new launch that currently offers hill and river dual-frontage residential development in the Central Area.

CanningHill Piers condo would be the tallest residential development along the Singapore River. It was designed by renowned Danish architecture firm Bjarke Ingels Group. Besides the excellent connectivity that defines the best of urban living, this development will be directly linked to Fort Canning MRT station. It will be a very pleasant experience to live near to riverfront restaurants and lifestyle destinations at Clarke Quay.

This condo is part of an integrated development that also includes a commercial component with F&B and retail outlets named CanningHill Square, a hotel operated under the Moxy brand by Marriott International and a serviced residence with a hotel licence operated under the Somerset brand.

The design scheme comprises four towers of different heights – a pair of diagonally-facing residential towers and one each for the hotel and serviced residence – set atop a double-storey commercial podium. all four towers are distinctly spaced apart from each other to maximise views and allow the courtyard at the heart of the commercial podium to open to the sky.

A single continuous drape adorning the facade ties the various components together into an iconic and sculptural whole. Strategic parts of the facade drape are lifted to unveil building entrances, communal areas and green spaces at various heights, creating a strong and unified architectural identity for the integrated development.

Register Your Interest: click here

Floor Plan

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A white site at Marina View was tendered on 21 September 2021 and it was awarded to IOI properties. A bid of S$1.508 billion or S$1,379 per square foot per plot ratio was recorded for this hotel and residential mix-use development.

This site can yield about 905 private residential units, 2,000 sqm GFA of commercial space and 540 hotel rooms

Register your interest today! click here

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Showflat is tentatively set to open on Early January 2020

If you have yet to register for the showflat appointment, please register here.

Leedon Green Factsheet

Unit Mix

• TRANSPORTATION: 4.0/5

When staying in Leedon Green, transportation is really convenient as you can easily access to Ferrer Road and Holland Road. Located estimated to be 550m away from the Ferrer MRT, you can easily take a leisure walk home.

• AMENITIES: 4.5/5

Holland is such a nice place to chill out. When you stay near here, amenities are not much of issues. There are places like Demsey Hill and Holland Village. There are endless choices of cafes restaurants and bars. Homebuyers will be spoilt for choices.

Wait no more, come and take a look at this awesome project name “Leedon Green”. Give us a call at (65) 6100 0339 or drop us a text at (65) 8666 3339. Happy to see you take action and take action now.

If you have yet to register for the showflat appointment, please register here.

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The Atelier

where independece isn’t just a state of mind, it’s home.

FREEHOLD | DISTRICT 9 | NEWTON

Be one of the special few to own a unit at The Atelier. It is only 120 units available.

The Atelier only features one single residential tower that is set to redefine the Newton skyline.

Bukit Sembawang will focus not only at the architecture but the design and living spaces. They are designed for the way you live.

Centre yourself in one of Singapore’s most coveted addresses. Pamper yourself in the location where you are surrounded by convenience.

The Atelier Factsheet

Wait no more, register your interest and we will contact you shortly. Give us a call at (65) 6100 0339 or drop us a text at (65) 8666 3339. Happy to show you around.

If you have yet to register for the showflat appointment, please register here.

Surrounding Projects: #Pullman Residences Newton, #Neu At Novena, #35 Gilstead,

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If you have the intention to look for a freehold property in the prime district, then you should not miss this development named ” Neu at Novena”.

It will be one of the iconic buildings right at the heart of Novena. Neu at Novena rises tall and sleek with its futuristic facade. Architecturally standing out with a curved curtain wall that wraps the tower from 7th floor to the rooftop, this aesthetically pleasing design sets the tone for prominent architecture in Novena.

Showflat is open for sale on 19 October 2019 10 am.

If you have yet to register for the showflat appointment, please register here.

NEU at Novena Factsheet

NEU at Novena Units Mix

• TRANSPORTATION: 5.0/5

If you need to find the nearest residential place next to Novena, this development will definitely catch your eyes. Just a short stroll to Novena MRT, you can easily take a leisure walk home.

• AMENITIES: 4.5/5

Novena is a place full of convenience, be it shopping malls, schools, transportation, or eateries, etc. Located just a stone throw from the city, Novena offers a well-rounded environment to live, work and play. The area will continue to be rejuvenated while recreation spaces are enhanced to keep them fresh and relevant.

• RENTABILITY: 5.0/5

For smaller bedroom units like two bedrooms, it tends to draw investor’s attention. This group of investors will be looking at the properties near to top schools and ready MRTs. They know they are going to be rewarded with something. Buying into Novena and Neu at Novena, the potential pools of tenants are coming from the nearby Medical Hubs. Doctors, specialists, nurses are the targetted groups.

Wait no more, come and take a look at this awesome project name “NEU at Novena”. Give us a call at (65) 6100 0339 or drop us a text at (65) 8666 3339. Happy to show you around.

If you have yet to register for the showflat appointment, please register here.

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