Hi,
1) Eleven @ Holland is a 99 yrs leasehold landed property from 2010.
2) To date there are 26 units sold out of 82 units.
3) The lowest psf transaction was in 2017 at $670 psf. The recent transaction was $736 psf in Sep 2021.
4) I compared with the neighboring projects:
(a) The Teneriffe (99yrs from 1996), avg transacted at $904 psf.
(b) Regent Villas (99 yrs from 1991), avg transacted at $847 psf
(c) Holland Green (99 yrs from 1995), avg transacted at $1,006 psf
5) The 34 hectares (current forested area) that are going to develop is not limited to the landed property only, there could be non-landed residential property.
6) No doubt in a GLS for these 8 plots of land the price for these will be very competitive to the market value.
7) There are only 4 plots at a plot ratio of 1.4, the other 4 plots are at a plot ratio of 1.8.
8) Do be aware that a plot ratio of 1.4 is sufficient to develop 5 sty non-residential development.
9) Meaning that at most only 4 plots could be landed residential whereas the other 4 plots most likely will be non-landed residential since they have the potential of building taller.
10) You have to be aware that only when there is an upcoming same type of development will help in raising your type of property. Not all types will help in pushing your property price.
11) However, by looking at the transacted prices around this property, I would agree this is a steal.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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