Tender exercise for Olina Lodge relaunched

Perhaps this time ka-ching will ring for the S$220 million site.

The freehold property has a land area of approximately 84,288 sq ft. According to the Master Plan 2008, the site can be redeveloped into a 12-storey residential development with a maximum plot ratio of 1.6 or a gross floor area of 134,862 sq ft. Development Charge is not payable up to a plot ratio of 1.6. The existing 4-storey walk-up condominium comprises a total of 67 apartment units.

Olina Lodge is located at 15 Holland Hill and has good accessibility via major roads such as Farrer Road, Holland Road, Queensway, Commonwealth Avenue and Pan-Island Expressway (PIE). Both Holland Village MRT Station and Commonwealth MRT Station are a short walking distance away.

The tender by DTZ will close on 13 December 2011, 3:00 pm.