>

>

Olina Lodge on the market for $220 million

By Bong Xin Ying

/ EdgeProp |

March 21, 2018 10:45 PM SGT

On March 21, the freehold Olina Lodge was launched for collective sale via tender, with Singapore Realtors Inc (SRI) as the sole marketing agent. The freehold Olina Lodge has a land area of about 84,289 sq ft and is up for sale at a reserve price of $220 million, or $1,631 psf per plot ratio (ppr). Due to its high development baseline of a gross plot ratio (GPR) of 1.6, there is potentially no development charge payable.

According to SRI, the land rate could be potentially averaged down further to slightly below $1,500 psf ppr, if the developer chooses to build an additional 10% gross floor area (GFA) for balconies.

This is Olina Lodge’s third attempt at a collective sale. Situated at 15 Holland Hill at prime District 10, it is zoned “Residential” under the 2014 Master Plan. The redevelopment can be a 12-storey development with 128 units, assuming an average size of 1,000 sq ft each. The tender for Olina Lodge will close on April 19.

Stay updated with En Bloc Singapore - Latest News, Enbloc Potential, Listings & Sales in 2021

Tags:

property brief en bloc Olina Lodge freehold Singapore Realtors Inc

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00