Holland Road site awarded to Far East-led consortium for $1.21b
The tender for the commercial and residential site at Holland Road has been awarded to a Far East Organization-led consortium...
Artist’s impression of the future mixed-use development near Holland Village. (Photo: URA)
The tender for the commercial and residential site at Holland Road has been awarded to a Far East Organization-led consortium, after it submitted the highest bid of $1.21 billion, said the Urban Redevelopment Authority (URA) on Wednesday (16 May).
Other members of the consortium are Sekisui House and Sino Group.
Intended for a mixed-use and pedestrian oriented development, the Holland Road site was launched for sale last November under the concept and price revenue tender. It received 15 concept proposals from 10 tenderers, with some bidders submitting multiple concepts.
Five concepts that offered strong overall development concepts and architectural designs were shortlisted.
URA noted that the concept proposal of the winning bidder “is compelling in its design concept and planning of the public realm”.
It revealed that the building form and massing of the scheme “allowed the development to sit comfortably with the existing Holland Village”.
“The shophouse street block, reinterpreted as a basic module building block of the proposed development, were laid out according to the existing Holland Village street block grid, resulting in a complementary site layout to the existing Holland Village.”
Meanwhile, the public spaces form a series of unique street experiences that extend the street experience of the existing Holland Village.
The future development will also have three zones, each of which will be anchored by a main public space: Commons Square, which can hold events such as outdoor performances and weekend markets, Communal Green which is a courtyard flanked by shops that leads to a terraced water feature and a water court, and Pocket Park which opens on to Lorong Mambong in Holland Village.
A series of connected open walkways will also be implemented to connect the public spaces to the surrounding areas, while the existing Lorong Liput and Lorong Mambong will be extended to create a consistent and distinctive streetscape for the larger Holland Village precinct.