Consortium led by CapitaLand Development and UOL places top bid of S$805.39 million for Holland Drive site
Singapore, 14 May 2024 – A consortium comprising CapitaLand Development (35%), UOL (35%), SingLand (20%) and Kheng Leong (10%) has submitted the highest bid for the residential development site adjacent to Holland Village. If awarded the tender, the consortium plans to develop two 40-storey condominium towers accommodating 680 units on the site.
Located in prime District 10, the Holland Drive site is about a 5-minute walk away from Holland Village MRT station, right next to the newly completed One Holland Village mixed-use development. It is also close to the cluster of Good Class Bungalow areas along North Buona Vista Road and Holland Road.
The consortium is confident that the site will be a draw for discerning homebuyers, given its excellent location adjacent to the iconic Holland Village, which offers a compelling lifestyle proposition and is popular with both local and expatriate communities. Other nearby amenities include Holland Village Market & Food Centre. Established schools within 1 to 2 km include Nanyang Primary School, Henry Park Primary School and Fairfield Methodist School Primary.
Addendum:
The site was awarded to the consortium on 20 May 2024. For details, please refer to: “Tender award for URA sale site at Holland Drive”.