Current Property New listed
The Holland Drive GLS Land Plot
Will Be Launched As
Skye at Holland
Register Interest for the Holland Drive GLS Land Plot Today!
On the 21 June 2023, the government announced the Government Land Sales (GLS) Programme for the second half of 2023 (2H2023), which comprises eight Confirmed List sites and nine Reserve List sites. These sites can yield about 8,590 private residential units, 98,250 sqm gross floor area (GFA) of commercial space and 530 hotel rooms.
Of the sites announced, the Holland Drive GLS land plot was amongst the sites under the Reserve List.
Holland Drive GLS Land Plot in Pictures
About the Holland Road GLS Land Site
Planning Concept
The Land Parcel, bounded by Holland Drive, North Buona Vista Road, Holland Road and Holland Village Way, is designated for residential development. Located within the Queenstown Planning Area, the Land Parcel is close to Holland Village, existing public housing estates along Holland Drive, as well as private condominiums and Good Class Bungalow Areas (GCBAs) along North Buona Vista Road and Holland Road.
The Land Parcel is well-served by amenities such as retail and food and beverage offerings in Holland Village, including the Holland Village Market & Food Centre, the upcoming One Holland Village development and the Holland Drive Market & Food Centre.
The Land Parcel is well-served by bus services along Holland Road and Holland Drive and is within 300m from the Holland Village Circle Line (CCL) MRT station. Served by the Ayer Rajah Expressway (AYE), Holland Road and North Buona Vista Road, the development will enjoy easy access to the city centre and other major destinations in Singapore such as the Singapore Botanic Gardens, Orchard Road, one-north and the National University of Singapore.
Pedestrian Side Gate
The Successful Tenderer shall consider the provision of a pedestrian side gate in front of the bus stop along Holland Drive for residents to have convenient access to the bus stop. The Successful Tenderer is strongly encouraged to design and construct covered linkway(s) with barrier free accessibility from within the proposed development to the side gate (if proposed) and to the bus stop along Holland Drive to ensure seamless weather protection for the residents. If proposed, the location, design and technical details of the covered linkway shall comply with the technical requirements of LTA and other relevant Competent Authorities at the formal submission stage.
Other Required Works
The Successful Tenderer is required, at his own cost and expense, to carry out the infrastructure works listed below, as set out in Clauses 3.2 and 7.2 of the Conditions and Requirements of Relevant Competent Authorities & Public Utility Licensees and as shown indicatively on the Control Plan and Annex A-1:
- Lengthening of the existing left turn storage lane along North Buona Vista Road (approximately 3.4m wide) and construction of a new deceleration lane (approximately 3.2m wide) towards the ingress point along Holland Drive
- Construction of cycling paths along Holland Drive and Holland Road; and
- Road improvement works such as upgrading and realignment of existing footpaths and road side drains.
PRESS COVERAGE
Holland Drive, Upper Bukit Timah reserve list sites put up for offer
16 Nov 2023
TWO residential sites in Holland Drive and Upper Bukit Timah are now available for application, the Urban Redevelopment Authority said on Thursday (Nov 16).
The 99-year leasehold sites can yield more than 1,000 private housing units in total and have been released under the Government Land Sales (GLS) programme’s reserve list for the second half of 2023.
The Holland Drive site is next to the One Holland Village mixed development, which drew 15 bids when it was put up for sale, noted PropNex Realty head of research and content Wong Siew Ying.
That site was awarded for about S$1.21 billion to a consortium comprising Far East Organization : 5TJ 0%, Sekisui House and Sino Group. This translates to a land rate of S$1,888 psf ppr.
As at August this year, all units in One Holland Village Residences have been sold at an average price of S$2,764 psf based on URA caveat data, Wong said.
However, the large site, with more than 600,000 sq ft GFA, will potentially translate into bids above S$1 billion, said Lee Sze Teck, Huttons’ senior director of data analytics. He said: “This huge quantum may put off bidders unless they are consortiums.”
PRESS COVERAGE
URA releases sale sites at Holland Drive and De Souza Avenue
16 Nov 2023
The Urban Redevelopment Authority (URA) has released two residential sites at Holland Drive and De Souza Avenue for sale today under the 2nd half 2023 (2H2023) Government Land Sales (GLS) Programme.
These sites at Holland Drive and De Souza Avenue are available for application under the Reserve List and can potentially yield about 680 residential units and 355 residential units respectively.
PRESS COVERAGE
Govt beefs up supply of private homes for second half of 2023,
bumping total to 10-year high
21 Jun 2023
Land supply for private housing has been further beefed up for the second half of 2023, taking the total confirmed supply for the year to its highest in a decade.
In all, the eight sites on the confirmed list of the Government Land Sales (GLS) programme announced on Wednesday will yield about 5,160 private residential units, including 560 executive condominium (EC) units, and 4,900 sq m gross floor area (GFA) of commercial space.
Holland Drive GLS Overview
| Item | Details |
|---|---|
| Location | Holland Drive |
| Planning Area | Queenstown |
| Site Area | 12,388.0 m2 |
| Gross Plot Ratio | 4.7 |
| Maximum Gross Floor Area (GFA) |
58,224 m2 |
| Land Use | Residential (Non-Landed) |
| Maximum Building Height |
Low-rise zone: 6 StoreysHigh-rise zone: 164m SHD |
| Est. Housing Units | 680 |
| Sales Agent | URA |
| Lease Period | 99 Years |
PRESS COVERAGE
Holland Drive GLS Land Plot Awarded to Holly Development Pte Ltd
20 May 2024
The Holland Drive GLS land plot has been awarded to the top bidder Holly Development Pte Ltd, a consortium led by UOL Group and CapitaLand Development, which put in a bid price of S$805.39 million, or about S$1,285 per square foot per plot ratio (psf ppr).
PRESS COVERAGE
Consortium led by UOL, CapitaLand places top bid of S$805.39 million for Holland Drive site
Top bid works out to S$1,285 psf ppr, below market expectations, reflecting developers’ continuing risk aversion for large, prime residential sites
14 May 2024
A PLUM, 99-year leasehold private housing site in Singapore near Holland Village MRT station drew three bids at a state tender on Tuesday (May 14). However, they were below market expectations as developers continue to be cautious about large, prime sites.
The top bid, from a consortium led by UOL Group and CapitaLand Development, was S$805.39 million, or about S$1,285 per square foot per plot ratio (psf ppr).
This is lower than the S$1,350 psf ppr to S$1,500 psf ppr that analysts polled by The Business Times on Monday had forecast generally for the top bid for the site, which can yield about 680 private homes. They had predicted one to five bids for the site.
PRESS COVERAGE
Tender closing for URA sale site at Holland Drive
14 May 2024
The Urban Redevelopment Authority (URA) closed the tender for the site at Holland Drive today.
The site at Holland Drive was launched for public tender on 27 February 2024.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
| Ranking | NAME OF TENDERER | TENDERED SALE PRICE ($) |
TENDERED SALE PRICE IN $PSM OF GFA |
TENDERED SALE PRICE IN $PSF PPR |
|---|---|---|---|---|
| 1 | Holly Development Pte. Ltd. (CapitaLand Development, UOL, Singapore Land and Kheng Leong) |
805,390,000.00 | 13,832.61 | $1,285.09 |
| 2 | Intrepid Investments Pte. Ltd. and Hong Realty (Private) Limited |
765,262,000.00 | 13,143.41 | $1,221.06 |
| 3 | Japura Development Pte Ltd | 632,000,000.00 | 10,854.63 | $1,008.43 |
PRESS COVERAGE
URA launches tender for sale site at Holland Drive
27 FEB 2024
The Urban Redevelopment Authority (URA) has released a residential site at Holland Drive for sale today under the first half 2024 (1H2024) Government Land Sales (GLS) Programme.
The site at Holland Drive is launched for sale under the Confirmed List and can potentially yield about 680 residential units. These form part of the 5,450 residential units to be made available via the Confirmed List of the 1H2024 GLS programme. To cater to demand, the Government has increased the Confirmed List supply of private housing in the GLS programme to 5,450 units in 1H2024, from 4,090 units in 1H2023 and 5,160 units in 2H2023. This is the highest supply on the Confirmed List in a single GLS Programme since the 2H2013 GLS Programme.
Details on the land parcel can be found in Annex 1 [PDF, 35kb].
Other Details
The tender for the Holland Drive site will close at 12 noon on 14 May 2024.