The tender for the Holland Link Government Land Sales (GLS) site drew a total of five bids, with Sim Lian Group submitting the highest offer of $368.4 million, translating to $1,432 per square foot per plot ratio (psf ppr). This residential (non-landed) site is located within the Bukit Timah Planning Area and is expected to yield around 230 units. Its proximity to prestigious landed enclaves and upcoming transformation at Turf City positions it as a rare opportunity for boutique high-end development.

The response to the Holland Link tender follows strong interest in the nearby Dunearn Road GLS site at Turf City, which received nine bids earlier this year. The Holland Link tender list reveals that some developers who participated in the Dunearn Road bid have returned to vie for this plot, indicating continued interest in well-located Core Central Region (CCR) sites. This also suggests positive spillover effects from the Turf City transformation, which is poised to rejuvenate the wider Bukit Timah area.

The Holland Link site stands out due to its boutique scale, exclusivity, and connectivity. Surrounded by greenery, nestled near landed housing, and well-linked to transport nodes, it offers strong fundamentals for a premium development. The manageable project size makes it attractive in today’s risk-aware environment, where developers are more cautious about large-scale launches.

Successful recent launches such as Upperhouse at Orchard Boulevard and The Robertson Opus also illustrate that demand for well-designed, well-located CCR homes remains intact. These projects demonstrate that buyers remain selective but are willing to commit when the right product is offered.

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Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg