ONE HOLLAND VILLAGE: BLENDING OF THE NEW AND OLD
One Holland Village: A new development right in the heart of iconic Holland Village is rising – blending the energy of a city and the charm of a village.
Holland Village Version 2.0 will be a living and vibrant community where people live and gather to play, work, eat, and shop.
With high- and low-rise apartments, serviced residences, offices, restaurants, and retail shops – the Village brings everyone and everything together as one.
HOLLAND VILLAGE: IDENTITY NODE
Holland Village is identified by The Urban Redevelopment Authority (URA) as one of Singapore’s endearing Identity Nodes and a distinctive lifestyle destination. URA then hatched a plan for a new extension to the existing Holland Village.
THE DUAL-ENVELOPE (CONCEPT AND PRICE) TENDER PROCESS
The Concept and Price Revenue tender for the subject site at Holland Road was launched for sale on 30 November 2017 and was closed on 20 March 2018. A total of 15 Concept Proposals from 10 bidders were received for the site as some of them submitted multiple Concept Proposals. Only five concepts were shortlisted before the developers tendered based on price.
The strong emphasis on the concept is to ensure the whole project must enhance the area’s buzz with more activity generating uses such as retail and dining options, and providing more residences in the heart of Holland Village.
THE WINNING BID
In May 2018, URA awarded the project for the commercial and residential site at Holland Road to the consortium of Far East Organisation, Sinoland, and Sekisui House through their tenderer Stirling Land Holdings and company. The winning bid was $1.213 billion or nearly $1,888 per square foot per plot ratio (psf ppr).
The other four shortlisted bids came from:
- a consortium comprising GuocoLand, Hong Leong Holdings, TID and Hong Realty, which bid $1.06 billion or $1,650 psf ppr;
- a tie-up between Perennial Real Estate Holdings and Qingjian Realty, which bid $1.055 billion or $1,641 psf ppr;
- a CapitaLand and Hotel Properties tie-up, which bid $1.02 billion or $1,585 psf ppr;
- and a Pontiac Land and Lendlease tie-up, which bid $950 million or $1,478 psf ppr.
JOINTLY DEVELOPED BY
Sekisui House Limited is the largest leading housing company in Japan with involvement in a variety of real estate developments, from residential homes to the development of mixed use properties and master planned communities.
Founded in 1960 the company has built a cumulative 2.4 million houses. Sekisui House, headquartered in Osaka, also has offices in Australia, China, Singapore and USA.
Sino Group is one of the leading property developers in Hong Kong with core business in developing residential, office, industrial and retail properties for sale and investment. The Group is also a major player in hotel investment and management, club management, property management, car park operations as well as environmental and security
With a team of over 10,000 dedicated professionals, Sino Group strives to consistently deliver quality properties and services that surpass the expectations of customers.
Far East Organization is a Christian Enterprise, which develops real estate and operates businesses by serving with grace, love, integrity and honesty. Established in 1960 Far East Organization is the largest private property developer in Singapore.
The Organization develops, owns and manages a diverse spectrum of real estate products across the residential, hospitality, retail, commercial, medical and industrial space segments. Far East Organization is the winner of 11 FIABCI World Prix d’Excellence awards, the highest honour in international real estate.
LOCATION OF ONE HOLLAND VILLAGE
One Holland Village is adjacent to the existing Holland V which will cover the big open carpark space and the vast vacant land that was previously occupied by some HDB blocks. .
Some business owners recently aired their grievances because their sales have dipped since the closure of two carparks with a total of 405 lots.
The two interim carparks with 350 lots are along Holland Drive. A small road and footpath connect the carparks to Lorong Liput. The road was supposed to be closed in November 2019 to facilitate development and construction. However, in the latest announcement, the closure has been postponed to a later date.
CONCEPT OF ONE HOLLAND VILLAGE
A MIXED DEVELOPMENT
One Holland Village will be an integrated development, comprising serviced residences, offices, retail and condominiums.
The new Village will come in three zones: Village Square, Village Green and Village Central.
Village Square can hold events such as weekend markets and outdoor performances; Village Green, is a courtyard flanked by shops leading to a water court and a terraced water feature; and Village Central opens into Lorong Mambong in Holland Village.
Special attention will be given to the streets paving design, in which a series of walkways will connect the public places to the surrounding areas.
ONE HOLLAND VILLAGE CONDOS
The three residential blocks, with a total of 296 units, are Sereen, Quincy and Leven.
Is it mere coincidence that Sereen and Leven have a Dutch element to them?
The largest block, Sereen, will have 248 units of 1br, 2br and 3br. Some high floor units will come with splendid unblocked view. The balconies will serve as an extension of the living spaces.
Quincy, an exclusive block with only 27 units, are mainly the bigger 3br and 4br units with private lifts. Units above level 21 will get to enjoy a commanding view of the Good Class Bungalows (GCB) and One Holland Village itself.
Leven is a low-rise block with only 21 units of 2br, some of which have private roof terraces. The units will come with wide frontage that allows for maximum air and light into the house.
SELLING POINTS OF ONE HOLLAND VILLAGE
OWNING A PIECE OF HISTORY
Buying a property in One Holland Village is to own a piece of history. Holland Village has such a rich history that our government has recognised it as an ‘identity node’.
URA is careful not to overbuild with an overwhelming number of condominiums, which would have utterly destroyed the unique character of Holland Village. There are only 296 units of condos in this project. That means possessing a limited edition.
LIVE, WORK AND PLAY
The integration of residences, serviced apartments, offices, retails, F&B and services all in one place is part of a global trend towards the live-work-play concept. It is also in line with the URA Master Plan to build more homes in the city to boost the live-in population in the office-dominated area and bring more life to the area after working hours.
Living, working, socialising and entertaining in one place will help to cut down commuting times and bring about a more active and engaged social life.
Unlike places like Marina Bay Financial District and Changi City, which is also designed to be live-work-play precincts, Holland Village has a more ‘homely’ feel to it.
One Holland Village is near to Holland Village MRT Station (Circle Line). It is only one stop away from Buona Vista MRT Station (the interchange between Circle Line and East-West Line), two stops away from major employment centre One-North, and three stops from education cluster Kent Ridge.
Direct bus service is available for travelling to Orchard and Buona Vista.
Driving to the Central Business District and Downtown takes approximately twenty minutes via the Ayer Rajah Expressway (AYE).
Navigating through various parts of Singapore is relatively easy when you start from One Holland Village.
Three reputable companies will be jointly developing this multi-billion project. All three come with strong international credentials in developing and managing residential and commercial projects.
For a high-profile project such as One Holland Village, the quality would be nothing short of excellence.
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