Prime Holland Plain site draws just one bid from Sim Lian at S$454 million or S$1,491 psf ppr

Sim Lian puts in sole bid of $1,491 psf ppr for second prime condo site in new Holland Plain precinct

Sim Lian Group has submitted the sole bid for a prime residential Government Land Sale (GLS) site at Holland Plain, months after clinching the adjacent plot at Holland Link. Together, the two parcels could add about 510 homes. The developer put in a bid of $454 million, or a land rate of $1,491 psf per plot ratio (psf ppr), for the latest Holland Plain land parcel when the tender closed on May 7. The one bid falls below analysts’ expectations th…

Prime Holland Plain site draws just one bid from Sim Lian at S$454 million or S$1,491 psf ppr

Lacklustre turnout a far cry from that of an adjacent Holland Link site