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