The Estoril, a condominium project along 95 & 97 Holland Road, is up for collective sale with a guide price of S$220 million, reflecting a land price of about S$1,625 per sq ft per plot ratio.
Sitting on a freehold site of about 84,600 sq ft and zoned “residential” with a height control of up to 12 storeys, the development comes with a plot ratio of 1.6 based on the 2014 Master Plan.
It has a maximum allowable gross floor area of about 148,896 sq ft, including a 10 per cent bonus area on balconies.
According to the URA’s (Urban Redevelopment Authority) Development Baseline Record, no development charge is payable.
The site could potentially be redeveloped from its current 44 units into a residential development of 166 units.
Adapted from: The Business Times, 27 February 2018