05 Mar '18, 1am

Holland road condominium goes en bloc for $220 million

Yet another condominium development is going en bloc. This time, it is the 84,600 sq ft The Estoril in Holland road. The Estoril Big site in popular district zoned for residential use With a guide price of $220 million, the land rate for this sizeable plot comes up to $1,625 psf ppr. For the size of the site and its location, industry players consider the guide price ‘palatable’. In fact, developers may be happy with any price below $250 million. The 44-unit development may potentially quadruple in volume with 166 units. The site has a plot ratio of 1.6 and a maximum allowable gross floor area of 148,896 sq ft including a 10% on balcony area. The Holland road site is near the National University of Singapore (NUS) and located in between the Holland Village and Farrer Road MRT stations . The location is prime for expatriate and working professionals with the proximity to th...

Full article: https://www.iproperty.com.sg/news/holland-road-condominiu...

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