Parksuites @ Holland - Far East SOHO

[Homemanners]

Parksuites @ Holland Grove Road, a sought-after address
• Prime District 10 Singapore
• Mount Sinai tranquil neighbourhood
• Right in front of Henry Park Primary School, within 1km radius

• Parksuites Showflat Viewing by Appointment
• Get 20% Off + 3% Reno + 4% Special Launch Discount!

• 1 Bedroom / 1 + Study
   581 - 592 sqft

• 2 Bedroom / 2 + Study
   700 - 872 sqft

• 2 Dual Key Duplex
   1098 - 1227 sqft

• 3 Dual Key Duplex
   1389 - 1475 sqft

• 4 Bedroom Triplex
   2885 - 3068 sqft

Parksuites FLOOR PLANS
Tower 2 & Tower 3 (new release!)
There are a variety of Floor Plans and Layouts.

[Evenstar]

Besides ParkSuites, Far East Organisation will be launching another project in the Holland Road area.  This is the one Holland Village, on a very prime parcel of land indeed.  It is a 99 year leasehold GLS site, that was actually very fiercely fought for, with 15 bids received in a 2 envelope system.  Far East had to clear the design and architectural hurdle for one Holland Village before even the bid prices were taken into consideration.  With such intense bidding, it is no wonder that the one Holland Village site price works out to something like $1,888 for just the land alone.  After adding around $600 PSF, the break even should be in the region of about $2,500 PSF.

So chances are, this project would have to sell at around $2,800 PSF to make Far East a decent profit.  Bearing in mind that ParkSuites is selling at around $2,300 PSF for a similar 99 year leasehold project, it is not unlikely that the much better located and more convenient one Holland Village condominium units could reach those price levels.  Of course, the retail component here could help to cover some of the costs, so that might help to bring down the residential pricing.

But this will be a landmark project indeed, and worth looking at.  It isn't everyday that a site in the heart of Holland Village itself becomes available, especially one that is a lifestyle destination in itself.