HYLL ON HOLLAND CONDOMINIUM
Freehold Launch at Holland Road Singapore
This is a Review of Hyll on Holland. The Hyll at Holland is a new freehold condominium on the combined sites of the former Hollandia and Estoril, at a corner of Holland Road and Queensway.
It is being developed by a collaboration of Koh Brothers Group, and Hong Kong-listed Far East Consortium. The joint venture entity, FECS, will build high-end residences here.
Note: This is NOT an advertisement for sale.
This review will discuss the attributes of the Hyll on Holland condo, its locational features, and its probable pricing factors.
HYLL on Holland Condo · Attributes
By merging the two smaller plots, FECS have created a bigger land parcel for the project. They will build a single residential development on it, with a total gross floor area of about 242,000 sq ft.
This should enhance the value of the property, as new freehold sites of such a good size are not commonly found.
It means that more facilities and gardens can be provided, and maintenance can be shared by more units.
Hyll at Holland will be a luxury condominium with around 321 residential units. Quite a nice size, neither overwhelmingly big and bland, nor too small to be very attractive.
At a plot ratio of 1.6 to under 2.1, this place will also not be very densely built up. It will retain its previous human-scale mid-rise profile, set in landscaped grounds.
Hence Hyll on Holland is expected to draw some interest, particularly from those looking for new freehold developments with more land, within walking distance of Holland Village.
Hyll on Holland Condo · Neighbouring Developments
Another feature here is the upcoming One Holland Village, an exciting mixed-used extension in the heart of Holland Village. This will bring even more life and vibrancy into what is already an attractive lifestyle destination.
It will offer not just more F&B, retail and commercial spaces, and public squares for events, but residences as well.
The GLS (Government-Land Sale) tender for the One Holland Village site drew keen interest & was hard fought. Its winning bid set a record for 99 year leasehold land in the area, which pretty much signals the industry’s confidence in this location.
Hyll on Holland should benefit from its proximity to all this action. And especially its freehold land value, that should get a boost from all the record price settings in the locality.
Register interest for updates here.
|Name||Hyll on Holland|
|Developer||FEC Skypark Pte Ltd
(JV of Koh Brothers Group Limited & Far East Consortium)
|Status||Condominium (Foreigners eligible to buy)|
|Address||95 Holland Road, Singapore 278539|
|Site Area||12,830.4 m² (138,106 sq ft)|
|No. of Blocks||5 blocks with 4 units per floor served by 2 lifts
1 block with 9 units per floor served by 3 lifts
|No. of Units||319|
Hyll on Holland Floor Plans
The Hyll on Holland floor plans are not available yet. Please drop us a note via the Contact Form if you wish to be kept updated when they are ready.
Hyll on Holland Site Plan
The Hyll on Holland condo will occupy a corner site fronting Holland Road, at its junction with Queensway. It is a mid-sized longish land parcel, spanning slightly over 138,000 sq ft.
To its north across Holland Road, it faces the upcoming Leedon Green that is being developed on the site of the former Tulip Gardens.
While on the south of the Hyll @ Holland site, are a couple of small condominiums, Holland Hill Lodge and Holland Hill Park.
All these developments are low to mid-rise projects between 5 to 12 storeys tall. Which gives the whole neighbourhood a more relaxed, less dense feel.
In fact, to the west of the Hyll on Holland site, sits a few landed houses hidden behind a row of trees screening them from the road. So the views on this side are relatively open.
Hyll on Holland Showflat · Viewing
The Hyll on Holland showflat is not available for viewing yet. Please drop a note via the Contact Form if you wish to be notified when it schedules to open.
The Hyll on Holland Prices · Unit Types
UNIT TYPES . SIZES
|Unit Description||Type||No. of
|2 Bedroom + 1 Bath||A1, A2||TBC||TBA||TBA|
|2 Bedroom + 2 Bath||AP||TBC||TBA||TBA|
|3 Bedroom Deluxe||BD||TBC||TBA||TBA|
|3 Bedroom Premium||BP||TBC||TBA||TBA|
|Total Number of Units||319|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
HYLL ON HOLLAND PRICE RANGES
The Hyll condo pricing is still under deliberation. Do let us know via the Contact Form if you wish to be notified on the indicative pricing when available.
HYLL ON HOLLAND PRICE BACKGROUND
Koh Brothers Group tied up with Far East Consortium, through their respective subsidiaries to acquire Hollandia and the Estoril en-bloc, for redevelopment into Hyll on Holland.
They paid SGD$183.38 million and SGD$223.94 million for these two sites, in March and April 2018, respectively. The Hollandia came with a freehold site area of 4,970.8 sq m, while the Estoril provided another 7,859.6 sq m of freehold land.
Under the URA Master Plan, both are zoned for residential use with a gross plot ratio of 1.6.
In this case, owing to their high development baselines, no development charge is payable even after allowing for the additional 10 per cent balcony gross floor area.
Given its equivalent gross plot ratio of 2.01, the sale price for Hollandia works out to a land rate of $1,703 per square foot per plot ratio (PSF PPR).
While for the Estoril, the land rate equates to around S$1,654 PSF PPR. Taken together, it works out to somewhere in the region of $1,680 PSF PPR for the overall gross floor area.
After factoring in all the development cost components, the break even could reach around $2,350 PSF. The margin, and hence the final selling price, has not been determined yet.
About the Developer
Hyll on Holland Singapore is being jointly developed by Koh Brothers Group, and Hong Kong-listed Far East Consortium.
Koh Brothers, a Singapore-listed contractor-cum-developer group through its subsidiary Changi Properties Pte Ltd, entered into a 20-80 partnership with FEC Properties, a Far East Consortium unit, for this venture.
Work on the project is being carried out through their special purpose vehicle FEC Skypark Pte Ltd (FECS).
Far East Consortium (“FEC” or “The Group”)
Far East Consortium International Limited is a regional conglomerate involved in a diversity of businesses, including property investment and development, and hotel management, amongst others.
The Group has been listed on the main board of the Stock Exchange of Hong Kong since 1972. With its 45 years of experience and expertise, it is recognised as one of the region’s leading property developers.
It operates in Hong Kong, China, Australia, UK, New Zealand, Singapore, Malaysia, and Europe.
From London to Shanghai to Melbourne, FEC has launched and built numerous projects ranging from homes to large scale integrated developments.
Such as West Side Place in Melbourne, The Towers at Elizabeth Quay in Perth, Meadowside in Manchester, and the Artra @ Redhill in Singapore.
FEC Properties is also part of the consortium with SC Global that recently launched the prime Cuscaden Reserve along Cuscaden Road.
About Koh Brothers Group (“Koh Brothers” or “The Group”)
Koh Brothers is a local construction, property development, and specialist engineering company. It was established in 1966, and listed in August 1994 on the SGX Mainboard.
Since then it has expanded to a network of over 40 joint venture and associated companies, and subsidiaries across Singapore, China, Indonesia, and Malaysia.
Koh Brothers Development Pte Ltd (“KBD”)
KBD started operations in 1993 as the Group’s real estate arm and flagship company. It handles their property development projects, with a penchant for incorporating lifestyle themes in them.
Such as Fiorenza with its Italian-inspired architecture, or Starville, astronomy-themed complete with an observatory. Or Parc Olympia, with an Olympics theme.
KBD has also worked on luxury condominiums in upmarket locations. These include the Lumos in Leonie Hill, the Montana at River Valley, and bungalows at Caldecott.
As well as Lincoln Suites at Novena, that stands out with its distinctive architecture. This project was among the first to feature sky-high gyms and thematic communal dining facilities.
Hyll on Holland Location · Features
Location. The Hyll on Holland location lies within the Holland Road / Queensway enclave. This area is valued for its upscale District 10 address. It forms part of the private residential zone that runs along Holland Road, from Pandan Valley at its west end, past Holland Village and Tanglin, down to Orchard Road.
This place is likely to maintain its value and appreciate over time, given its prime location, and our limited freehold land. It should appeal to buyers looking for freehold property close to the city centre, but at a lower price than in the Orchard Road precinct.
Nearest MRT Station. The Hyll condo is about 800 to 850 metres, or 11 minutes walk, from the Holland Village MRT station. This station on the Circle Line is two stops to the Buona Vista MRT interchange station, that connects to the East-West line.
The Circle Line has the advantage of intersecting with every other MRT line, so no station is more than one connection away. On a direct line, it takes you to places like Kent Ridge and Harbourfront, the Botanic Gardens, Kallang Stadium, and Marina Bay.
Shopping, F&B, Banks, Dining, Supermarkets. Residents around here would generally take a 10 minute drive down to Orchard Road for their main shopping and banking needs.
Alternatively, for those who want fresh produce within walking distance, there is Empress Road Market about 750 metres up the road. It comes with a food centre, a medical GP clinic, and some fruit shops as well.
Lifestyle Amenities. One of the highlights of the Hyll condo location has to be its proximity to the attractions of Holland Village and Dempsey Hill.
Take a leisurely 12 to 15 minute walk over, to hang out with friends over some exotic culinary fare, without worrying about finding parking. Or indulge in a drink or dessert, or light shopping among the curio and art shops.
Holland Village has an eclectic retail mix, from a Cold Storage supermarket to bistros, fast food outlets and cafes, a food centre, cobblers, creameries, and branches of some banks.
Things will perk up even more when One Holland Village, the upcoming mixed development in the midst of all this, is completed. It will provide new public spaces and squares, add more shops and dining outlets, and bring even more sparkle and buzz to the whole place.
Dempsey Hill is also a popular food haunt & lifestyle hub, in more relaxed park-like grounds.
Another lovely place is the often overlooked Singapore Botanic Gardens, within a 5 minute drive down the road. You could actually walk there too, and unwind amidst the greenery and calm.
Schools & Academic Institutions. The Hyll on Holland condo location sits firmly between two education zones. Up Farrer Road, we have the Bukit Timah education belt, along which is strung a number of brand name schools. Schools like Nanyang Primary, Raffles Primary, Singapore Chinese Girls’ Primary, Anglo-Chinese School. As well as tertiary institutions such as Hwa Chong Institution, National Junior College, and the NUS Bukit Timah Campus.
Whilst at the Kent Ridge / Dover Road side, is the sprawling main NUS campus, as well as a number of international schools and research institutes, and business parks.
Accessibility. Orchard Road is roughly 5 to 10 minutes drive from the Hyll condo location. To reach Marina Bay / Raffles Place and the central financial and business district, should take around 15 minutes off-peak.
And to get to Hyll on Holland from the expressway network, there are two possible ways. One is 3 km up Queensway, via the AYE (Ayer-Rajah Expressway). The other is 3 km down Farrer Road, from the PIE (Pan-Island Expressway.
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