PROJECT DETAILS
Far-East, won the collective sales at The Estoril in the 2nd quarter 2018. This land parcel is set in the Core Central Region of Singapore, bounded by Holland Road, Holland Hill and Farrer Flyover.
The Estoril is a freehold development with a land site of 84,600 square feet and it is sourrounded by Olina Lodge and The Estoril which are also sold through en-bloc sales.
Far-East submitted the top bid of S$223.9 million for The Estoril, this translates to a land rate of S$1654 psf ppr
Far-East Consortium submitted the top bid of S$183.38 million for Hollandia, this translates to a land rate of S$1713 psf ppr
Peak Opal, a unit of Kheng Leong, submitted the top bid of S$230.9 million for Olina Lodge, this translates to a land rate of S$1712 psf ppr
YanLord and MCL Land submitted the top bid of S$907 million for Tulip Gardens, this translates to a land rate of S$1789 psf ppr
Consortium Tong Eng and Roxy Group submitted the top bid of S$98.8 million for The Wilshire, this translates to a land rate of S$1643 psf ppr
Other developments that are nearby New Condo include Leedon Residences, d’Leedon, Siena @ Farrer, Pollen and Bleu, The Merasaga, Holland Residences, Parvis and Lush on Holland Hill.
New Condo at Holland Road- Connectivity
New and Upcoming Condo in Holland Road is conveniently located just minutes walk to Holland Village MRT station which operates the Circle Line. Future residents of New Condo can just take 1 stop to Buona Vista MRT Interchange where they can easily access to the East West Line. New Condo is also well accessed as it only takes approximately 8 minutes to drive to Orchard Shopping Area. For those working in the downtown financial district, it only takes approximately 10 minutes’ drive to the Central Business District (CBD). New Condo is also well linked to the Pan Island Expressway (PIE) and the Ayer Rajah Expressway (AYE) which makes it easy to drive to various parts of the island.
New Condo at Holland Road- A Mixed Development- Amenities
Future residents of New Condo will enjoy convenience at its best as it is just conveniently located next to Holland Village. There, its future residents will be able to enjoy a wide array of conveniences right at their doorsteps with More new retail shops and dining options, various bistros serving international cuisines, together with the Holland Village Market & Food Centre. Other shopping malls, which future residents of New Condo can go to include Integrated Hub @ One-North, Rochester Mall and also Coronation Shopping Centre. To access to a wide variety of local food, future residents of New Condo can also go to nearby food centres such as Holland Drive Block 44 Market And Food Centre, Ghim Moh Road Block 20 Market And Food Centre, Commonwealth Crescent Market and Food Centre, Tanglin Halt Road Block 48A Market and Food Centre, Empress Market Road Market and Food Centre, Commonwealth Avenue Block 40A Food Centre and Dover Road Block 33 Market And Food Centre.
New Condo at Holland Road- Education
For residents with school going children, New Condo in Holland Road is an ideal home as it is near to various reputable local schools. Primary and secondary schools that are within a short radius of New Condo include Henry Park Primary School, New Town Primary School, Fairfield Methodist Primary School, Nanyang Primary School, Saint Margaret’s Secondary School, Anglo-Chinese International School, Fairfield Methodist Secondary School, Queensway Secondary School, Anglo-Chinese Independent School and Hwa Chong Institution. The Anglo-Chinese Junior College and Singapore Polytechnic are also less than 2 km away from New Condo. International schools that are near to New Condo are the Tanglin Trust School and the Dover Court Preparatory School.
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Heart of New Central
Financial District
Marina One Residences
Financial District
Marina One Residences
Heart of Tanjong Pagar
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft
Other Developments in
Core Central Region
Core Central Region
| Project | Holland Road New Condo at former site of Estoril |
| Developer | Far-East Consortium |
| Location | 95, Holland Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | 84,600 square feet |
| GFA: | |
| Plot Ratio | 2 |
| Expected TOP: | TBA |
| Total Units | |
| Total Carpark | |
| Development | |
| Unit Type: | |
| Architect | |
| Eligibility | Local Singaporeans/ PRs / Foreigners can buy |
LOCATION MAP and AMENITIES
Amenities Near New Mixed Development at Holland Road Extension
| Category | Important Amenities Near New Condo at Holland Road Extension | Approximate Distance |
| Train Stations | Holland Village (CC21) | 0.2km |
| Bus Stop | Holland Village (Bus: 5N, 7, 61, 75, 77, 95, 165, 970) Opp Holland Village (Bus: 7, 61, 75, 77, 165, 970) |
0.1km 0.2km |
| Supermarkets | Cold Storage (Holland Village Shopping Centre) Fairprice (Holland Drive) Giant (Ghim Moh Road) Sheng Siong (Commonwealth View) |
0.1km 0.3km 0.6km 1.1km |
| Shopping Malls | Holland Village Shopping Centre Integrated Hub @ One-North Rochester Mall |
0.1km 0.7km 0.9km |
| Education Institutions | Preschool | |
| PCF Buona Vista Blk 4 Queenstown Lutheran Church Kindergarten Buttercups Kindergarten (Rochester) Faith Kindergarten PCF Queenstown Blk 46-2-46-3 Sunshine Kindergarten (Watten) Nanyang Kindergarten PCF Telok Blangah Blk 2 Maris Stella Kindergarten My Montessori My World Kindergarten |
0.4km 0.8km 0.9km 1.0km 1.3km 1.5km 1.5km 1.6km 1.6km 1.6km |
|
| Primary | ||
| Anglo-Chinese School (International) Henry Park Primary School New Town Primary School Fairfield Methodist Primary School Nanyang Primary School Saint Margaret’s Secondary School |
0.5km 1.3km 1.4km 1.5km 1.9km 2.0km |
|
| Secondary | ||
| Anglo-Chinese School (International) Fairfield Methodist Secondary School Queensway Secondary School Anglo-Chinese Independent School Hwa Chong Institution |
0.5km 1.5km 1.5km 1.9km 1.9km |
|
| Junior College | ||
| Anglo-Chinese Junior College | 1.4km | |
| Tertiary | ||
| Singapore Polytechnic | 1.8km | |
| International | ||
| Tanglin Trust School Dover Court Preparatory School |
1.1km 1.8km |
|
| Food Centre | Holland Village Market and Food Centre Holland Drive Block 44 Market And Food Centre Ghim Moh Road Block 20 Market And Food Centre Commonwealth Crescent Market and Food Centre Tanglin Halt Road Block 48A Market and Food Centre Empress Market Road Market and Food Centre Commonwealth Avenue Block 40A Food Centre Dover Road Block 33 Market And Food Centre |
0.1km 0.4km 0.7km 0.8km 1.2km 1.4km 1.7km 1.7km |
| Lifestyle | One-North Park Ridout Tea Garden Queens Townclub Queenstown Stadium |
0.9km 1.2km 1.8km 1.9km |
THE ESTORIL SOLD TO FAR eAST CONSORTIUM THROUGH COLLECTIVE SALES
The Estoril, a freehold development in Holland Road, has been sold en bloc for $223.9 million to Hong Kong-listed Far East Consortium's unit FEC Properties.
This works out to a land rate of $1,654 per square foot per plot ratio (psf ppr). Inclusive of the 10 per cent bonus balcony gross floor area (GFA), the land rate works out to a lower $1,504 psf ppr. No development charge is payable even after factoring this bonus area, due to the high baseline for the property.
The 84,600 sq ft site is zoned for residential use with a 1.6 plot ratio under the Urban Redevelopment Authority's Master Plan 2014.
Owners controlling slightly more than 80 per cent of the development's share value and strata area have consented to the collective sale. Unless unanimous approval is obtained, the transaction will be subject to approval by the Strata Titles Board and, if necessary, the courts.
The Estoril is a six-storey development with 44 units comprising 40 apartments and four penthouses.
Owners stand to receive a gross payout of about $4.6 million per apartment unit, and $9.85 million to $9.95 million per penthouse unit.
This is The Estoril's fourth collective sale attempt.
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