Olina Lodge, a freehold property located at 15 Holland Hill, has been re-launched for collective sale with an indicative price of S$220 million.
This translates to S$1,544 psf ppr, including 10 percent balcony space, according to property consultant DTZ, the sole marketing agent.
It added that the tender for the 84,288 sq ft land parcel, which has a maximum gross floor area (GFA) of 134,862 sq ft, will be closed on 13 December 2011.
Located within District 10, Olina Lodge is close to Holland Village and Chip Bee Gardens, where amenities such as grocery stores, eateries and banks are available.
It also enjoys accessibility via major roads such as Commonwealth Avenue and the Pan-Island Expressway (PIE) and MRT stations such as Farrer Road, Holland Road, Queensway, Holland Village and Commonwealth.
"The subject site is probably one of the few remaining freehold residential redevelopment sites in Holland Hill, that enjoys not only the exclusivity of the quiet surroundings, it is also minutes' drive to places such as Dempsey Hill, Tanglin Village, Singapore Botanic Gardens, One-North and Orchard Road," said Shaun Poh, DTZ's Head for Investment Advisory Services and Auction.
"We believe that the investment quantum for this hilltop site would appeal to developers who are seeking mid-sized residential development sites in popular residential districts."For the latest property news, trends, resources and expert opinions, visit our property news section. Home buyers, sellers or property renters looking for a Singapore property may like to visit http://www.propertyguru.com.sg today.