The Authorities Land Sale (GLS) web site at Holland Hyperlink has closed with an unexpectedly robust response from builders. The tender, which wrapped up on 29 July, drew 5 aggressive bids. Main the pack was Sim Lian Group, with a high bid of S$368.37 million, translating to S$1,432 per sq. foot per plot ratio (psf ppr).
Desk of contents
A young consequence past market expectations
The Holland Hyperlink web site was launched on the market in December 2024 as a part of the 2H2024 GLS Programme. Its latest tender consequence exceeded earlier analyst forecasts that anticipated only one or two bids for the location at round S$1,200 to S$1,300 psf ppr.
Marcus Chu, Chief Govt Officer of ERA Singapore, famous that “this can be as a result of latest restoration in CCR new residence gross sales, which may have lifted builders’ confidence.” Nonetheless, Holland Hyperlink’s land price is in step with the not too long ago awarded Dunearn Highway parcel, which achieved a value of S$1,410 psf ppr.
Chu added that the highest bid of S$1,432 psf ppr for Holland Hyperlink, being 22.2% greater than the second-highest supply, indicators optimism concerning the web site’s potential.
“As a CCR plot nestled inside a tranquil landed enclave and situated throughout the coveted 1km precedence enrolment radius of Methodist Women’ Faculty, it holds a robust enchantment for builders concentrating on varied purchaser segments,” he mentioned.
The desk under summarises the Holland Hyperlink GLS tender consequence:
| Rating | Tenderer | Bid value | Bid value (psf ppr) |
|---|---|---|---|
| 1 | Sim Lian Group | S$368,368,368 | S$1,432 |
| 2 | Wee Hur Holdings | S$301,390,000 | S$1,172 |
| 3 | Kingsford Improvement | S$272,950,000 | S$1,061 |
| 4 | ABR Holdings, Roxy-Pacific Holdings, Macly Group, and LWH Holdings | S$270,081,688 | S$1,050 |
| 5 | Sustained Land | S$236,618,000 | S$920 |
The second bid got here from Wee Hur Holdings, at S$301.39 million (S$1,172 psf ppr). Kingsford Improvement adopted in third place with S$272.95 million (S$1,061 psf ppr). A consortium comprising ABR Holdings, Roxy-Pacific Holdings, Macly Group, and LWH Holdings submitted the fourth-highest bid at S$270.08 million (S$1,050 psf ppr). Sustained Land rounded out the checklist with a bid of S$236.62 million (S$920 psf ppr).
Its location is especially noteworthy as it’s the first GLS plot throughout the upcoming Holland Plain precinct. An adjoining web site on the Reserve Record of the identical GLS programme stays open for utility and will probably ship a further 280 models, additional shaping the residential panorama within the space.
What to anticipate from the upcoming Holland Hyperlink apartment
The Holland Hyperlink plot spans 183,729 sqft and may be developed right into a six-storey residential undertaking with a most GFA of 257,225 sqft. The URA has capped the variety of models at 233, making certain visitors within the surrounding space is manageable.
A key characteristic of the undertaking shall be an early childhood improvement centre (ECDC), which can present toddler and childcare companies. This facility will occupy no less than 5,382 sqft of GFA and is counted as a part of the location’s most allowable ground space.
The Holland Plain precinct, the place the location is situated, is envisioned as a leafy, low-density neighbourhood throughout the Bukit Timah Planning Space. The precinct is earmarked for round 2,500 new houses, positioning it as a future progress space with a mix of exclusivity and modernity.
The world is framed by notable landmarks: Brizay Park Good Class Bungalow (GCB) space to the north, the Holland Inexperienced Linear Park and Greenleaf landed property to the south, the Rail Hall to the west, and low-rise housing at Garlick Avenue to the east.
Residents may even profit from the longer term King Albert Park (KAP) MRT interchange, which can hyperlink the Downtown Line (DTL) with the upcoming Cross Island Line (CRL). A brand new CRL station exit is deliberate throughout the north-west part of the Holland Plain precinct, bettering connectivity to the town centre, Singapore Botanic Gardens, Jurong Lake District, and Clementi.
Faculty proximity provides to household enchantment
The Holland Hyperlink new launch web site falls inside a 2km radius of a number of well-regarded faculties, an element that always influences residential demand and resale values. These embody Methodist Women’ Faculty (Major and Secondary), Henry Park Major Faculty, Pei Hwa Presbyterian Major Faculty, and Nationwide Junior School. For households in search of precedence admission, the situation presents a compelling benefit.
Holland Hyperlink new launch pricing forecast
At a land price of S$1,432 psf ppr, the longer term launch pricing for the Holland Hyperlink undertaking will seemingly mirror a premium. Wong Siew Ying, Head of Analysis and Content material at PropNex, estimates the common promoting value may exceed S$2,900 psf, given rising development prices and the undertaking’s prime CCR location. This estimate is in line with present CCR launches, the place new tasks are sometimes priced within the S$2,700 to S$3,100 psf vary, relying on unit sizes and distinctive promoting factors.
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