Holland Drive
AwardedResidential. URA sale site, built as Skye at Holland.
S$805,390,000
S$13,832.61 psm GFA, about S$1,285 psf ppr (derived). Awarded 20 May 2024 to Holly Development Pte. Ltd., parent: UOL Group Limited / CapitaLand Development / Singapore Land Group Limited (joint venture)
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Holland Drive | Residential | 12,388 m² | 58,224 m² | Holly Development Pte. Ltd., parent: UOL Group Limited / CapitaLand Development / Singapore Land Group Limited (joint venture) | S$805,390,000(S$13,832.61) |
As listed at the close of 14 May 2024 (ura-pr24-22), with the outcome the award of 20 May 2024 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Holly Development Pte. Ltd., parent: UOL Group Limited / CapitaLand Development / Singapore Land Group Limited (joint venture) | S$805,390,000 | S$13,832.61 | S$1,285 | Awarded |
| 2 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd. | S$765,262,000 | S$13,143.41 | S$1,221 | Unsuccessful |
| 3 | Japura Development Pte Ltd | S$632,000,000 | S$10,854.63 | S$1,008 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
20 May 2024
AwardedHolland Drive: awarded to Holly Development Pte. Ltd., as URA's list of vacant sites sold dates it
Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.
Awarded to
Holly Development Pte. Ltd., parent: UOL Group Limited / CapitaLand Development / Singapore Land Group Limited (joint venture), S$805,390,000 (S$13,832.61 psm GFA, about S$1,285 psf ppr).
Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)
14 May 2024
Tender closedTender closing for URA sale site at Holland Drive
3 bids disclosed
Highest S$805,390,000 (S$13,832.61 psm GFA) from Holly Development Pte. Ltd., parent: UOL Group Limited / CapitaLand Development / Singapore Land Group Limited (joint venture)
Read the press releaseHide the press releaseura-pr24-22
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) closed the tender for the site at Holland Drive today.
The site at Holland Drive was launched for public tender on 27 February 2024.
Please see Annex A for details of the site and tender bids received.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
27 February 2024
Launched for tenderURA launches tender for sale site at Holland Drive
Read the press releaseHide the press releaseura-pr24-08
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) has released a residential site at Holland Drive for sale today under the first half 2024 (1H2024) Government Land Sales (GLS) Programme.
The site at Holland Drive is launched for sale under the Confirmed List and can potentially yield about 680 residential units. These form part of the 5,450 residential units to be made available via the Confirmed List of the 1H2024 GLS programme. To cater to demand, the Government has increased the Confirmed List supply of private housing in the GLS programme to 5,450 units in 1H2024, from 4,090 units in 1H2023 and 5,160 units in 2H2023. This is the highest supply on the Confirmed List in a single GLS Programme since the 2H2013 GLS Programme.
Details on the land parcel can be found in Annex 1.
Other Details The tender for the Holland Drive site will close at 12 noon on 14 May 2024. More information on the land parcel is available on the URA website at:
16 November 2023
Released on the Reserve ListURA releases sale sites at Holland Drive and De Souza Avenue
Read the press releaseHide the press releaseura-pr23-43
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) has released two residential sites at Holland Drive and De Souza Avenue for sale today under the 2nd half 2023 (2H2023) Government Land Sales (GLS) Programme.
These sites at Holland Drive and De Souza Avenue are available for application under the Reserve List and can potentially yield about 680 residential units and 355 residential units respectively.
Details on the two land parcels can be found in Annex 1.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr24-08/pr24-08a_v2.pdf]
- Site area
- 12,388 sqm[ura-pr24-08/pr24-08a_v2.pdf]
- Maximum GFA
- 58,224 sqm[ura-pr24-08/pr24-08a_v2.pdf]
- Estimated housing units
- 680[ura-pr24-08/pr24-08a_v2.pdf]
- Height control
- Low-rise 6 storeys; high-rise 164m SHD[ura-pr24-08/pr24-08a_v2.pdf]
- Facts as stated on
- 27 February 20242 versions on record: 16 November 2023, 27 February 2024. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 14 May 2024, URA's latest quarterly figures were for 1Q2024, published 26 April 2024, 18 days earlier. The next release, 2Q2024, came on 26 July 2024. The table carries on through four releases after it.
| Private residential | 3Q2023Oct 2023 | 4Q2023Jan 2024 | On the day1Q2024Apr 2024 | 2Q2024Jul 2024 | 3Q2024Oct 2024 | 4Q2024Jan 2025 | 1Q2025Apr 2025 | Trend | Change1Q2024 to 1Q2025 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 196.0 | 201.5 | 204.3 | 206.1 | 204.7 | 209.4 | 211.1 | +3.3% | |
| Non-landed, core central region | 142.5 | 148.1 | 153.1 | 152.6 | 150.9 | 154.8 | 156.0 | +1.9% | |
| Private rental index | 164.5 | 161.0 | 157.9 | 156.6 | 157.9 | 157.9 | 158.5 | +0.4% | |
| Sales | |||||||||
| New homes sold by developers | 1,946 | 1,092 | 1,164 | 725 | 1,160 | 3,420 | 3,375 | +189.9% | |
| Resales | 2,900 | 2,831 | 2,689 | 3,802 | 3,860 | 3,702 | 3,565 | +32.6% | |
| Sub-sales | 355 | 411 | 377 | 388 | 352 | 311 | 321 | −14.9% | |
| Units launched | 2,805 | 1,060 | 1,304 | 634 | 1,284 | 3,425 | 3,139 | +140.7% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 16,747 | 16,929 | 19,936 | 19,940 | 19,405 | 18,125 | −9.1% | ||
| Pipeline with planning approval | 36,949 | 34,251 | 38,167 | 37,768 | 35,475 | 35,305 | 35,364 | −7.3% | |
| Vacancy rate | 8.4% | 8.1% | 6.8% | 6.1% | held | 6.6% | 6.5% | −0.3 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 16 November 2023
URA releases sale sites at Holland Drive and De Souza Avenue
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- f46d922280d201cd39bf855cfd684f72a9b68c412102b828d1476c65a81e7791
- Size
- 430,133 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 14:52:13 UTC
- Prevo reference
- ura-pr23-43
- AnnexPublished 16 November 2023
Annex 1 to URA releases sale sites at Holland Drive and De Souza AvenueVersion v2
Version v2 of the annex as linked from the release page; the authoritative version. Earlier versions were not supplied and are not in the capture, so supersedes_doc_key is null.
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- c389aff067bdfd13ee9b36d2c9735df0939caab85f195ab70813b667206bcf1d
- Size
- 17,404 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 14:52:13 UTC
- Source version
- v2
- Prevo reference
- ura-pr23-43/pr23-43a_v2.pdf
- Press releasePublished 27 February 2024
URA launches tender for sale site at Holland Drive
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 00791a9e0d924010564794c097df431127a512b882956b6ec8b1b6ae20f350a1
- Size
- 430,779 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 15:39:35 UTC
- Prevo reference
- ura-pr24-08
- AnnexPublished 27 February 2024
Annex 1 to URA launches tender for sale site at Holland DriveVersion v2
Version v2 of the annex as linked from the release page; the authoritative version. Earlier versions were not supplied and are not in the capture, so supersedes_doc_key is null.
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 1871d0b379482edc61cecc1298c48d4fe4d5da84e4bec59a4f03a2c0aa24410f
- Size
- 35,377 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 15:39:35 UTC
- Source version
- v2
- Prevo reference
- ura-pr24-08/pr24-08a_v2.pdf
- Press releasePublished 14 May 2024
Tender closing for URA sale site at Holland Drive
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 5d0d8452c4ebb1622ebd421a56416778088bf708574c05d1adb2511b4bc6a64c
- Size
- 424,198 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 15:39:36 UTC
- Prevo reference
- ura-pr24-22
- AnnexPublished 14 May 2024
Annex A to Tender closing for URA sale site at Holland Drive
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 5cae9804b252a901d8d120c1af13b90af59f5858191556fc57d06e2707382ae0
- Size
- 6,244 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 15:39:36 UTC
- Prevo reference
- ura-pr24-22/pr24-22a.pdf
- Agency listPublication date not recorded
URA Vacant Sites (online version)
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedOriginal source link unavailable
Technical details
- SHA-256
- 28dd0ed255e0d696107b6536f72cdb2ea430144a681f78fd82d1c05f9232b373
- Size
- 82,692 bytes
- Format
- application/vnd.openxmlformats-officedocument.spreadsheetml.sheet
- Retrieved at
- 2026-09-19 13:27:59 UTC
- Prevo reference
- ura-list-vacant-sites-sold