OWNERS of the 19-unit Holland Tower condominium near the Holland Village neighbourhood have put their site up for collective sale by tender with a reserve price of S$65 million.

The freehold site at 10 Holland Heights occupies a land area of about 21,871 square feet, or 2,031.9 square metres. The marketing agent, Singapore Realtor Inc, said that the site sits within a district zoned for good-class bungalows, but that developers may redevelop the site to its current intensity subject to approval from authorities.

Singapore Realtor said that the reserve price works out to S$1,489 per sq ft per plot ratio (psf ppr), which implies that the site has a maximum allowable built up area of about 43,650 sq ft, or a plot ratio of about two times …..