Holland Tower up for en bloc

Posted by luxuryasiahome on January 24, 2011

Holland Tower has been put up for en bloc by its marketing agent Jones Lang LaSalle.
Market watchers expect the site to fetch about S$1,300 to S$1,400 dollars per square foot.
This is comparable to nearby developments like Robin Court, Maison Royal and Serene House.
The 14-story single tower development is located on a 22,000 square feet site currently zoned for residential use.
Jones Lang said the new development can maintain the existing height and have a gross floor area of about 43,500 square feet.
It added that the freehold development located at 10 Holland Heights, is minutes from the Botanic Gardens and Orchard Road.
The marketing agent also said the future Holland Village MRT station will be located just one bus stop away.
Jones Lang is still positive on the market, despite the property cooling measures that were introduced recently.
The marketing agent said it believes that there is still a pool of genuine buyers and investors who are looking for their own stay or for long term investments.
The tender for Holland Tower closes on the February 23.

Source : Channel NewsAsia – 24 Jan 2011

Holland Tower up for sale by tender

Holland Tower, a freehold residential apartment block in District 10, is up for sale by tender.
Sole marketing agent Jones Lang LaSalle said the 21,879 square foot site is zoned for residential use and sits in the Holland Park Good Class Bungalow Area.
It has a gross floor area of about 43,691 square feet and has the potential to be redeveloped into a boutique residential development of 52 units of 800 square feet each.
Holland Tower is a 14-storey tower development consisting of 19 units and is in close proximity to the Singapore Botanic Gardens, Holland Village and the Dempsey Cluster.
Ms Stella Hoh, national director and head of Investments at Jones Lang LaSalle, said: “With strong take up rate of residential new launches in the vicinity, this elevated site is expected to draw strong interest due to its locality, proximity to amenities and the potential to be redeveloped into a boutique development offering exclusivity and lush greenery.”
“We believe that the oncoming tenders for private land will receive keen interest from developers,” she added.
The tender for Holland Tower will close at 3pm on August 25.

Source : Channel NewsAsia – 20 Jul 2010