Completed around 1976, the 14-storey Holland Tower was sold to Wincove Investment, Wingtai Holding's wholly-owned subsidiary, on 15 March 2023, for S$76.3 million.
This follows Holland Tower's collective sale attempt launch in Feb 2023 at a guide price of $76m.
Holland Tower comprises 19 residential units, each spanning 1,862 sqft to 2,949 sq ft, and falls within District 10’s Good Class Bungalow Area in Holland Park.
| LAND SIZE (SQM) | 2,032 |
| PROJECT NAME | HOLLAND TOWER |
| STREET NAME | HOLLAND HEIGHTS |
| TENURE | FREEHOLD |
| COMPLETED | 1976 |
| DISTRICT / PLANNING AREA | D10 / TANGLIN |
| NUMBER OF UNITS | 19 UNITS |
| HISTORICAL HIGH | S$ 2,456 PSF IN JUL 2018 FOR A 936-SQFT UNIT |
15 March 2023
WING Tai Holding's wholly-owned subsidiary will acquire Holland Tower for S$76.3 million, translating to a land rate of S$1,746 per square foot per plot ratio (psf ppr), the group said on Wednesday (Mar 15).
The subsidiary, Wincove Investment, has entered into a contract for the collective purchase of the freehold site. This is subject to approval from the Strata Titles Board and the Singapore Land Authority.
Holland Tower was put up for collective sale last month; the public tender closed on Tuesday. Owners were seeking S$76 million for the property or S$1,739 psf ppr.
The 14-storey property located at 10 Holland Heights was completed in 1976, and comprises 19 residential units, each spanning 1,862 square feet (sq ft) to 2,949 sq ft. It has a site area of 2,033 square meters (sq m) with a gross floor area of 4,059 sq m.
7 Feb 2023
HOLLAND Tower has been put up for collective sale with a guide price of S$76 million, translating to a land price of about S$1,739 per square foot per plot ratio (psf ppr).
The 14-storey apartment at 10 Holland Heights was completed around 1976 and comprises 19 residential units. Existing units’ sizes range from 1,862 square feet (sq ft) to 2,949 sq ft.
Zoned for residential use, the 21,878 sq ft site in District 10 falls within the Good Class Bungalow Area in Holland Park.
It has a built-up area of around 43,691 sq ft, which is equivalent to an existing gross plot ratio (GPR) of 2.0, said exclusive marketing agent SRI Capital Market on Tuesday (Feb 7).