Wincove Investment, the wholly-owned subsidiary of Wing Tai Holdings W05 , has won the tender for the collective purchase of the freehold Holland Tower site for $76.3 million or $1,746 per sq ft per plot ratio (psf ppr).
The site area is 2,032.6 sqm (21,878.72 sq ft) with a gross floor area (GFA) of 4,059.05 sqm.
The elevated site is located at 10 Holland Heights in prime District 10 and around the exclusive Holland Park good-class bungalow (GCB) area.
“We plan to leverage its superior location attributes to develop a luxurious and iconic residential development with stunning unblocked views of the lush greenery in Holland Park as well as the Singapore city skyline,” says Tan Hwee Bin, executive director of Wing Tai Holdings.
The site is located within a five-minute drive or a 15-minute walk to Dempsey Hill and Holland Village. It is also within close proximity to the Singapore Botanic Gardens and the Orchard Road shopping belt.
The site is also near the Ayer Rajah Expressway (AYE), the Pan Island Expressway (PIE) as well as good schools such as ACS International and Nanyang Primary School.
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Holland Tower launched its collective sale tender on Feb 7 and was listed with a guide price of $76 million.
Shares in Wing Tai closed 1 cent lower or 0.68% down at $1.47 on March 14.
