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Holland Drive GLS Site Sold : Good Site For New Condo

Holland Drive GLS Site sold to a consortium of CapitaLand and UOL. The name of the company is Holly Development Pte. Ltd. and their winning bid for this GLS site is $805,390,000. The site was originally launched for sale on 27th Feb 2024 by URA. We wrote an article on this Holland Drive launch as we found it so attractive.

Holland Drive GLS Site Sold : Details of the Winning Bid

URA today announced the results of the sale of the land parcel at Holland Drive. The winning bid by Holly Development is $805 million dollars, above the next bidder of $765 million.

The winning consortium includes CapitaLand Development holding 35%, UOL Group with 35%, Singapore Land Group at 20%, and Kheng Leong Co. with 10%. Kheng Leong is the developer behind the amazing 32 Gilstead Freehold Large Format Condo open for sale recently.

SITE AREA (M2) : 12,388

LAND USE : Residential (Non-Landed)

GROSS FLOOR AREA (M2) : 58,224

DATE OF AWARD : 20 May 2024

SUCCESSFUL TENDERER : Holly Development Pte. Ltd.

SUCCESSFUL TENDER PRICE L $805,390,000

LEASE PERIOD : 99 years

Details of GLS Site at Holland Drive

The Land Parcel at Holland Drive

Looking at the land parcel at Holland Drive showed why it is so attractive. We are looking forward to the new launch condo at this site ! A spokesperson for the CapitaLand-UOL consortium stated that it intends to develop two 40-storey condominium towers accommodating 680 units on the site.

Winning Land Parcel at Holland Drive
Winning Land Parcel at Holland Drive

It is facing the GCB area of Holland Rise and Oei Tiong Ham Park. This ensure that the residents get unblocked views of the GCB area. It is right next to the One Holland Village Residences and of course, the favourite of many, the Holland Village area. And with that it is pretty close to Holland Village MRT and a much further walk to Buona Vista MRT (and Star Vista and Blossoms by the Park).

The price of the units are estimated to be between $2,700 psf to $2,800 psf.

Contact us if you are keen on this site and once it is launched, we will make sure you get the latest price list, floor plans and showflat visit priority !