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15 HOLLAND HILL

Freehold | District 10

15 Holland Hill Balcony View

Project Details 15 HOLLAND HILL

15 Holland Hill Green Balconies

Project Name
15 Holland Hill (former Olina Lodge)

Development Address
15 Holland Hill, Singapore

Development Type
High rise residential development

Number  of Units
59 units

Tenure of Land
Freehold

Purchasers Eligibility
All Nationalities

T.O.P Date
est Dec 2022

Site Area
approx 84,289 sqft

Project Developer
Peak Opal (unit of Kheng Leong)

Architect
P&T Consultants

Unit Mix
2br + Study @ 1,292sqft
3br from 1,798sqft to 2,045sqft
4br  from 2,303sqft to 2,497sqft
4br Maisonette from 4,542sqft to 5,221sqft
PH from 4,973sqft to 5,425sqft
(Size quoted are subject to final survey)

15 Holland Hill

PEAK OPAL (UNIT OF KHENG LEONG) BAGS 15 HOLLAND HILL

MON, APR 23, 2018 – 10:13 PM – The Business Times

The hilltop Olina Lodge at 15 Holland Hill, was sold on April 20 for S$230.9 million, 5 per cent higher than the reserve price of S$220 million, to Peak Opal, a related company of Kheng Leong.

The sale price works out to a land rate of S$1,712 per square foot per plot ratio. Development charge will not be payable due to the high development baseline.

Depending on the size of the property, which ranges from 1,281 sq ft to 2,766 sq ft, each owner at the 67-unit freehold development could receive between S$3 million to S$5 million.

The development is within walking distance to the Holland Village, Commonwealth and Farrer Road MRT stations, as well as Holland Village, and Dempsey Village.

Andy Gan, head of investment sales for marketing agent Singapore Realtors Inc (SRI), said: “A hilltop enclave plot in prime District 10 is rare and Olina Lodge at 15 Holland Hill provides an opportunity for the developer to build an exclusive new development providing a tranquil environment with panoramic views.”

source: https://www.businesstimes.com.sg/real-estate/olina-lodge-sold-for-s2309-million

Olina Lodge at 15 Holland Hill goes en bloc again

28 November 2011

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 at 15 Holland Hill, 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.

source: https://sg.news.yahoo.com/olina-lodge-goes-en-bloc-again-052800058.html

Olina Lodge at 15 Holland Hill sold for SGD230.9mil to Peak Opal

20th April 2018

Singapore Realtors Inc (SRI) is pleased to announce that Olina Lodge, a residential development situated at 15 Holland Hill has been sold to Peak Opal Pte Ltd, related to Kheng Leong for S$230.9 million.

The sale price is 5% higher than the owners’ reserve price of S$220 million. At S$230.9 million, the sale price works out to a land rate of S$1,712 per square foot per plot ratio. Development Charge will not be payable due a high development baseline as confirmed by URA.

Depending on the size of the property, each owner could receive between S$3 million to S$5 million from the successful sale of the development.

Mr. Tony Koe, Managing Director at SRI, says, “Despite a spate of collective sale deals done in the Holland Road area recently and a huge slate of redevelopment sites on the market, the tender for Olina Lodge at 15 Holland Hill still managed to attract keen interest from developers due to its excellent locational attributes. The market is showing strong signs of recovery as we begin to see a surge in property transactions across all sectors since 2017.”

Olina Lodge at 15 Holland Hill is a freehold development comprising 67 units with a site area of approximately 7,830.7 sq m (or 84,289 sq ft). The apartment size ranges from 1,281 sq ft to 2,766 sq ft. Under the Master Plan 2014, Olina Lodge at 15 Holland Hill is zoned Residential with a Gross Plot Ratio of 1.6 and an allowable height of up to 12-storeys.

Mr. Andy Gan, Head Investment Sales of SRI, says, “A hilltop enclave plot in prime District 10 is rare and Olina Lodge at 15 Holland Hill provides an opportunity for the developer to build an exclusive new development providing a tranquil environment with panoramic views.”

Residents of 15 Holland Hill can look forward to being within walking distance to Holland Village/ Commonwealth / Farrer Road MRT stations and the convenient amenities in Holland Village and Dempsey Village.

Mr. Joshua Ong, Chairman of Olina Lodge Collective Sale Committee, says, “We are immensely delighted with the excellent outcome achieved by SRI for Olina Lodge tender. The capabilities and professionalism of the team surpassed our expectations of a local boutique real estate consultancy firm.”

The collective sale tender for Olina Lodge was launched on 21st March 2018 and closed on 19th April 2018

source: http://www.sri.sg/log/olina-lodge-sold-sgd230-9-million-peak-opal/

 
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