According to exclusive marketing agency SRI Capital Market, the freehold and low-rise residential property Holland Hill Lodge at 5 Holland Hill is offered for en bloc sale by public tender. Including added balcony space, the construction costs $25.8 million for the property. That works out to around $1,741 per square foot. It has a plot ratio of 1.6 and sits on a 9,033-square-foot lot designated for residential use in the 2019 Master Plan.
Read on: find out from North Gaia EC Eligibility Conditions for a potential buyer is qualified to buy EC before paying a visit to the North Gaia showflat which is located nearby Yishun Ave 9.
The bids for Holland Hill Lodge will have been received and evaluated by the end of November 2021.
There are 11 residences in this low-rise building. Maximum permissible dwelling units have been updated, and the new construction on-site may rebuild up to 15 dwelling units.
The premium District 10 property is situated near the Singapore Botanic Gardens, between the Holland Village and Farrer Road MRT stations. Nanyang Primary School, Anglo-Chinese International School, and St. Margaret's Secondary School are just a few nearby educational establishments.
The local market expert anticipates strong interest from boutique to mid-size real estate developers and investors in the venture. More than 70% of the collective sale sites sold in the last 15 months traded for less than $100 million. The principal market for new home sales in the neighbourhood of Holland micro-market has demonstrated positive results in terms of price and sales volume.
For ultra-high net worth people, the location serves as a perfect opportunity and alternative to redevelopment into a single block of magnificent apartments to accommodate multiple-generation families or even single-family living.