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ABOUT THE EN BLOC SALES
The Olina Lodge en bloc is comprised of a 67-unit residential building which is nestled in District 10 at 15 Holland Hill. The property is launched into en bloc on March 21, 2018 with a reserve price of $220 million based on a release of its marketing agent Singapore Realtors Inc. (SRI).
Olina Lodge is a freehold property with a site area measuring a good 84,289 square feet. The property has a plot ratio of 1.6 which is according to the 2014 URA Master Plan. With a price that is 5% higher that the owners’ asking price, this property at 15 Holland Hill is sold to Kheng Leong for a staggering price of $230.9 million. The price works at $1,712 per square foot per plot ratio giving the owners about $3 million to $5 million price range each.
The managing director of SRI, Tony Koe said that the Olina Lodge have attracted a great interest from various developers despite the cooling measures on residential en blocs around the Holland area. One of its contributing feature is its amazing location which just sit a few minutes away from various MRT stations and renowned amenities.
The Olina Lodge Collective Sales Committee was delighted of what the SRI have achieved for this exceptional property tender. Mr. Joshua Ong, the Chairman of the committee said that SRI’s professionalism and capabilities have surpassed their expectations.
The Olina Lodge tender launched on March 21at, 2018, closing the sale on April 19th, 2018 with Kheng Leong.
OLINA LODGE LOCATION
The Olina Lodge is located at 15 Holland Hill in the premier area of District 10. The convenient connectivity of this address to various amenities in the area is outstanding. There are numerous schools that have great reputation in providing excellent educational service to their students. The high standard set by these schools is an excellent stepping stone towards success. Some of these schools include ACS International Singapore, Anglo-Chinese School Junior and the prestigious National University of Singapore.
The available shopping malls in the area is absolutely good. Just within a short distance are establishments that include Dempsey Hill, Tanglin Mall as well as the Newton Food Centre offers exceptional service and enjoyment.
With the abundance of neighboring establishments, the residential community have a great opportunity to live a happy and satisfying lifestyle. This of course is complemented by the accessibility of the address though various routes and mode of transport. The list includes roads and MRT stations such as Holland Village MRT, Buona Vista MRT, Ayer Rajah Expressway (AYE), Commonwealth MRT and many more.
MODE OF TRANSPORT
- Ayer Rajah Expressway (AYE)
- Buona Vista MRT
- One North MRT
- Holland Village MRT
- Queenstown MRT
- Commonwealth MRT
- Farrer Road MRT
- Tan Kah Kee MRT
- Holland Road Shopping Centre
- Singapore Botanic Gardens
- ACS International Singapore
- Cold Storage Jelita
- Dempsey Hill
- Alexandra Hospital
- Tanglin Mall
- Newton Food Centre
- Queenstown Public Library
POTENTIAL OF THE SITE
The Head Investment Sales of Singapore Realtors Inc. (SRI) mentioned that this hilltop haven have a great potential and can be redevelop into an exclusive property. The surrounding tranquility of its enclave offers a panoramic view of the neighborhood which will surely be a great and attractive feature for the future development.
Zoned as residential on the 2014 Master Plan, the property has a gross plot ratio of 1.6. Its spacious land area measuring 84,289 square feet is a perfect area to be redeveloped into a luxurious residence.
The site can house residential units with up to 5 bedrooms as well as penthouses which will surely satisfy property-seekers. The convenience brought by the accessible location of this address will attract more unit buyers as well as investors and renters.
OLINA LODGE NEW CONDO REGISTRATION OF INTEREST
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The Olina Lodge en bloc is comprised of a 67-unit residential building which si nestled in District 10 at 15 Holland Hill. The property is launched into en bloc on March 21, 2018 with a reserve price of $220 million based on a release of its marketing agent Singapore Realtors Inc. (SRI).
Product SKU: Olina Lodge
Product Currency: SGD
Product Price: 230900000
Product In-Stock: InStock