Property launches for sale in the Holland Rd vicinity

Hyll on Holland

Hyll on Holland
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  • Post last modified:October 11, 2020
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FREEHOLD | DISTRICT 10

Hyll on Holland is open for sales

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Brief Project info for Hyll on Holland

PROJECT :Hyll on Holland
ADDRESS :89-99 Holland Road
TYPE :Residential
# OF UNITS :319 units
TENURE :Freehold
ELIGIBILITY :All Nationalities
T.O.P DATE :est 30 June 2025
SITE AREA :Approx 138,105 sqft
DEVELOPER :FEC & Koh Brothers
ARCHITECT :Aedas Pte Ltd
UNIT MIX :2 bed > 570sf-721sf > 231 units
3 bed > 936sf > 44 units
3 bed + study > 1,055sf > 44 units
(Size quoted are subject to final survey)

Development Facilities

Forest by the Hyll
Arrival Court Arrival Lobby Clubhouse Veranda Gourmet Pavilion Water Cascade Green Cascade

The Shire
Grand Lawn Garden Creek Lily Pergola Reed Pergola

The Lagoon
Lake Pool Wet Deck Spa Pool Pool Deck

Garden Collection
Variegated Garden Palm Garden Hardwood Garden Floral Garden

Wellness Zone
Wellness Pavilion Sprint Track

Nearest MRT Stations

  • Holland Village MRT Station
  • Farrer Road MRT Station
  • Commonwealth MRT Station

Abundant of Eateries

  • Holland Village
  • Empress Market on Farrer Road
  • Dempsey Hill
  • Commonwealth Crescent Food Centre

Supermarkets in the vicinity

  • Cold Storage Holland Village
  • Sheng Siong Hypermarket (Tanglin Halt)
  • NTUC Fairprice (Bouna Vista CC)

Nearest Educational Institutions

  • Nanyang Primary School
  • Henry Park Primary School
  • Fairfield Methodist School (Pri)
  • Anglo-Chinese Junior College
  • Global Tots Preschool – Holland
  • National University of Singapore

Hyll on Holland Location Map

Developer for Hyll on Holland

Far East Consortium International Limited (FEC, HKSE: 35) is a leading regional conglomerate with property development and investment, hotel operations and management, car park operations and facilities management, securities and financial product investment and gaming operations in Mainland China, Hong Kong, Malaysia, Singapore, Australia, New Zealand, the United Kingdom and Continental Europe.

The Group was publicly listed on the main board of the Hong Kong Stock Exchange in 1972. With over forty five years of experience operating in Asia Pacific, it has been recognised as one of the region’s leading land and property developers.

FEC’s regional knowledge and local expertise enable it to develop and deliver residences and communities that target Asia’s rapidly-expanding and affluent middle class, while advancing its position as a premier hospitality group with a broad array of interests.

Listed on Main Board of the SGX-ST in August 1994, Koh Brothers Group Limited (“Koh Brothers”, or together with its subsidiaries, the “Group”) is a well-established construction, property development and specialist engineering solutions provider, which was started as a sole proprietorship in 1966 by Mr. Koh Tiat Meng. Today, the Group has more than 40 subsidiaries, joint venture companies and associated companies spread over Singapore, PRC, Indonesia, and Malaysia.

Over the years, the Group has undertaken numerous construction and infrastructure projects with its A1 grading by the Building and Construction Authority. It is currently the highest grade for contractors’ registration in this category, and allows the Group to tender for public sector construction projects of unlimited value. In addition, the Group has developed a name for itself as a niche real estate developer, with an established reputation for quality and innovation.

The Group’s diversified businesses present them with multiple revenue streams from three core areas:

– Construction and Building Materials

– Real Estate

– Leisure & Hospitality

The Group is also the single largest shareholder of SGX Catalist-listed Koh Brothers Eco Engineering Limited (“Koh Brothers Eco”), a sustainable engineering solutions group that provides engineering, procurement and construction services for water and wastewater treatment, hydroengineering, bio-refinery and bio-energy projects.

Following a restructuring exercise that combines the capabilities of Koh Brothers Eco with the Group’s previously-owned civil engineering construction arm, Koh Brothers Building & Civil Engineering (Pte.) Ltd. (“KBCE”), through its shareholdings in Koh Brothers Eco, Koh Brothers can reap synergies and sharpen its competitive edge to offer turnkey engineering solutions and tap opportunities in the water, wastewater treatment and hydro-engineering sectors.

Koh Brothers ties up with Far East Consortium to redevelop two freehold sites

SUN, APR 29, 2018 – 5:50 PM – The Business Times

KOH Brothers Group Limited has tied up with Hong Kong-listed Far East Consortium to jointly acquire and redevelop two freehold sites in prime District 10 that were acquired en bloc.

The Singapore-listed contractor-cum-developer group said in a regulatory filing on Saturday that its wholly owned unit Changi Properties Pte Ltd has entered into a 20-80 joint venture with FEC Properties, a wholly owned unit of Far East Consortium.

The redevelopment of The Estoril site and Hollandia (nka Hyll on Holland), which were acquired through collective sales, will be undertaken through the special purpose entity FEC Skypark Pte Ltd (FECS).

FEC Properties has received the tender acceptance letters for the acquisitions of the Hollandia site and The Estoril site at the tendered sale price of S$183.38 million and S$223.94 million respectively. It has nominated FECS to acquire these land parcels in its place.

Koh Brothers’ 20 per cent stake in the total land acquisition cost of Hollandia and The Estoril is about S$81.46 million, which it intends to fund via internal resources and external borrowings.

It said that it believes that the subscription of a 20 per cent stake in FECS will allow the group to expand its development portfolio in Singapore.

The Estoril site currently comprises two blocks of six-storey residential apartments with a total freehold site area of 7,859.6 sq m, while the Hollandia site currently comprises a six-storey block with a total freehold site area of 4,970.8 sq m.

Both are prominently located along Holland Road. FECS intends to redevelop the two sites, located next to each other, into a single residential project with a combined gross floor area of about 22,500 sq m.

FEC Properties is part of a consortium with SC Global Developments and New World Development that last week tabled a top bid of close to S$410 million for the prime residential site within the Orchard Road district along Cuscaden Road under a government land sale tender.

This bid, which translated to S$2,377 per square foot per plot ratio (psf ppr), trumped eight other bidders for the site.

source:
https://www.businesstimes.com.sg/real-estate/koh-brothers-ties-up-with-far-east-consortium-to-redevelop-two-freehold-sites

MAR 3, 2018, 5:00 AM – The Straits Times

FEC Properties buys Hollandia in collective sale for $183.4m

A unit of developer Far East Consortium International (FEC) has bought a collective sale site in prime Holland Road for $183.38 million.

Hollandia, which sits on a 4,970.8 sq m freehold plot at the junction of Holland Road and Queensway, is in a popular residential enclave of landed homes and high-end condominiums. It is also near bustling Holland Village and an MRT station.

The six-storey block of 48 apartments was built in the mid-1980s.

Owners can expect gross sale proceeds of $3.3 million to $4.2 million, which works out to over $2,000 psf on strata area.

The site can be developed up to 12 storeys with an allowable gross floor area (GFA) of 10,004.56 sq m.

Owing to its high development baseline with an equivalent gross plot ratio of 2.01, no development charge is payable, including the additional 10 per cent GFA for balconies.

The price for Hollandia condominium translates to a land rate of $1,703 per square foot per plot ratio (psf ppr), said marketing agent Savills Singapore.

The last major collective sale site in the Holland vicinity was in December 2011, when Henry Park Apartments in Holland Grove was sold.

FEC said it plans to redevelop the site into a high-end residential development, with total GFA of about 10,000 sqm.

“The acquisition is… a great addition to the development pipeline in Singapore following Artra, which was successfully launched last year,” it said.

The firm’s unit, FEC Properties, launched the 400-unit Artra near Redhill MRT station last April.

The project, which FEC is jointly developing with New World Development in a 70-30 joint venture, had sold 191 apartments as at the end of last year.

The Chiu family that controls Hong Kong-listed FEC also has privately held businesses through its Tang Group of Companies.

FEC has also undertaken projects in Australia and mainland China.

Including the Hollandia deal, the nine collective sales so far this year have totalled $3.3 billion, after 30 deals last year of $8.7 billion in all.

source:
https://www.straitstimes.com/business/property/fec-properties-buys-hollandia-in-collective-sale-for-1834m

WED, APR 04, 2018 – 20:08 – The Business Times

FAR East Consortium International’s fully-owned unit FEC Properties has been awarded the collective sale of The Estoril in Holland Road at S$223.938 million.

This works out to a land rate of S$1,654 per square foot per plot ratio (psf ppr) for the freehold property in prime District 10. Inclusive of the 10 per cent bonus balcony gross floor area, the land rate works out to a lower S$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 1.6 plot ratio under the Urban Redevelopment Authority’s Master Plan 2014.

CBRE is brokering the collective sale. To date owners controlling slightly more than 80 per cent of the development’s share value and strata area have consented to the collective sale. Unless owners’ 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 S$4.6 million per apartment unit and S$9.85-9.95 million per penthouse unit. This is The Estoril’s fourth collective sale attempt.

The tender for the property closed on Tuesday, drawing a handful of bids.

Sammi Lim, director of capital markets at CBRE, said: “Developers concur that The Estoril is a site with excellent attributes in an attractive location. The recent keen interest for the URA Holland Village extension mixed-use development site also signals that developers remain confident about this location, especially in view of further rejuvenation in the locality.”

source:
https://www.businesstimes.com.sg/real-estate/far-east-consortium-bags-the-estoril-at-s22394m

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