Project summary for Holland Drive

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project summary for holland drive

Accepted Answer

For the Holland Drive area, here are the key points regarding the recent and ongoing real estate developments:

Government Land Sale (GLS) Site

A residential site along Holland Drive was awarded to a consortium led by CapitaLand, UOL Group, Singapore Land Group, and Kheng Leong Co. (under the entity Holly Development Pte. Ltd.) in May 2024.
The site spans approximately 133,388 square meters and has a gross floor area of 58,224 square meters.
The consortium won the tender with a bid of $805.39 million, translating to $13,832.60 per square meter or $1,285.08 per square foot.
The site is zoned for residential use with a 99-year lease and is expected to accommodate two 40-storey condominium towers, housing approximately 680 units.

There are several HDB developments along Holland Drive, such as 18A Holland Drive and 21 Holland Drive.
18A Holland Drive, completed in 2012, consists of 156 units of 3-room flats and 78 units of 4-room flats. Recent sale prices range from S$655,000 to S$1,250,000, and rents range from S$3,100 to S$4,300 per month.
21 Holland Drive, completed in 1975, consists of 96 units of 5-room flats. Recent sale prices range from S$828,000 to S$960,000, and rents range from S$4,500 to S$4,600 per month.

The area is located in the Queenstown HDB town within the Central Region of Singapore, offering easy access to amenities such as NTUC FairPrice, Little Farms, Cold Storage, and shopping malls like One Holland Village, Holland Piazza, and Holland Road Shopping Centre.
The developments are also close to MRT stations like Buona Vista and Holland Village, enhancing their connectivity and appeal to residents.
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