Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd have emerged as the top bidders for the Holland Link Government Land Sales (GLS) site, offering $1,432 per square foot per plot ratio (psf ppr). This bid reflects a growing confidence among developers in the property market and the potential of this new housing precinct, according to Huttons Asia CEO Mark Yip.
The Holland Link site is the first to be launched in the upcoming Holland Plain precinct, a development highlighted in the Master Plan 2019. The area promises generous green spaces and low-density living, appealing to those seeking a tranquil environment. Its proximity to the future King Albert MRT interchange, which will connect the Downtown Line and Cross Island Line, offers convenient access to the Central Business District and Changi Airport.
Located within the Bukit Timah education belt, the site is surrounded by top educational institutions, including Methodist Girls’ School, which is just a short walk away. This strategic location is expected to attract families looking for quality education options nearby.
Mark Yip noted that the successful bid provides Sim Lian with a first-mover advantage in creating a compelling low-density residential project in this promising precinct. The development is anticipated to enhance the appeal of the Holland Plain area, drawing interest from potential buyers seeking a blend of convenience and serenity.
“`
