{"id":88019,"date":"2025-08-07T18:39:04","date_gmt":"2025-08-07T10:39:04","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=88019"},"modified":"2025-08-07T18:39:05","modified_gmt":"2025-08-07T10:39:05","slug":"holland-link-gls-368m-bid-sim-lian","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/holland-link-gls-368m-bid-sim-lian\/","title":{"rendered":"URA awarded Holland Link GLS tender to Sim Lian Group at S$1,432 psf ppr"},"content":{"rendered":"
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The Urban Redevelopment Authority (URA) has awarded the Government Land Sale<\/a> (GLS) tender for the site at Holland Link to Sim Lian Land Pte. Ltd. and Sim Lian Development Pte. Ltd. on 7 August 2025.\u00a0The tender, which closed on 29 July, drew five competitive bids. Sim Lian emerged as the highest bidder, with a top bid of S$368.37 million, or S$1,432 per square foot per plot ratio (psf ppr).<\/p>\n\n\n\n

Table of contents<\/h2>
  • A tender outcome beyond market expectations<\/a><\/li>
  • What to expect from the upcoming Holland Link condo<\/a><\/li>
  • Holland Link new launch pricing forecast<\/a><\/li><\/ul><\/div>\n\n\n\n

    A tender outcome beyond market expectations<\/h2>\n\n\n\n

    The Holland Link<\/a> site was launched for sale in December 2024 as part of the 2H2024 GLS Programme. Its recent tender outcome exceeded earlier analyst forecasts that anticipated just one or two bids for the site at around S$1,200 to S$1,300 psf ppr.<\/p>\n\n\n\n

    Marcus Chu, Chief Executive Officer of ERA Singapore, noted that “this may be due to the recent recovery in CCR new home sales, which could have lifted developers\u2019 confidence.” However, Holland Link\u2019s land rate is in line with the recently awarded Dunearn Road<\/a> parcel, which achieved a price of S$1,410 psf ppr<\/a>. <\/p>\n\n\n\n

    Chu added that the top bid of S$1,432 psf ppr for Holland Link, being 22.2% higher than the second-highest offer, signals optimism about the site\u2019s potential.<\/p>\n\n\n\n

    “As a CCR plot nestled within a tranquil landed enclave and located within the coveted 1km priority enrolment radius of Methodist Girls\u2019 School, it holds a strong appeal for developers targeting various buyer segments,\u201d he said.<\/p>\n\n\n\n

    The table below summarises the Holland Link GLS tender outcome:<\/strong><\/p>\n\n\n\n

    Ranking<\/th>Tenderer<\/th>Bid price<\/th>Bid price (psf ppr)<\/th><\/tr><\/thead>
    1<\/td>Sim Lian Group<\/td>S$368,368,368<\/td>S$1,432<\/td><\/tr>
    2<\/td>Wee Hur Holdings<\/td>S$301,390,000<\/td>S$1,172<\/td><\/tr>
    3<\/td>Kingsford Development<\/td>S$272,950,000<\/td>S$1,061<\/td><\/tr>
    4<\/td>ABR Holdings, Roxy-Pacific Holdings, Macly Group, and LWH Holdings<\/td>S$270,081,688<\/td>S$1,050<\/td><\/tr>
    5<\/td>Sustained Land<\/td>S$236,618,000<\/td>S$920<\/td><\/tr><\/tbody><\/table>
    Tender result for Holland Link GLS site (Source: URA)<\/figcaption><\/figure>\n\n\n\n

    The second bid came from Wee Hur Holdings, at S$301.39 million (S$1,172 psf ppr). Kingsford Development followed in third place with S$272.95 million (S$1,061 psf ppr). A consortium comprising ABR Holdings, Roxy-Pacific Holdings, Macly Group, and LWH Holdings submitted the fourth-highest bid at S$270.08 million (S$1,050 psf ppr). Sustained Land rounded out the list with a bid of S$236.62 million (S$920 psf ppr).<\/p>\n\n\n\n

    Its location is particularly noteworthy as it is the first GLS plot within the upcoming Holland Plain precinct. An adjacent site on the Reserve List of the same GLS programme remains open for application and could potentially deliver an additional 280 units, further shaping the residential landscape in the area.<\/p>\n\n\n\n