The buyer can redevelop up to 12 storeys and a gross floor area of 107,688 sqft.
The en bloc sale of the 48-unit condominium Hollandia in District 10 has been launched with a price of $163.15m or $1,515 psf ppr, Savills Singapore said.
According to a press release, the condominium occupies a land of 53,505 sqft at the junction of Holland Road and Queensway.
The site is zoned for residential use with a gross plot ratio of 1.6.
It may be redeveloped up to 12 storeys with an allowable gross floor area (GFA) of 107,688 sqft.
The development is located in an established residential enclave surrounded by popular condominiums such as Parvis, Holland Residences, Holland Hill Park, bungalows and other private properties. The Holland Village MRT station is approximately 700 m away and the Ayer Rajah and Pan Island Expressways are readily accessible.
The tender for Hollandia will close at 3 p.m. on 28 February 2018.
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