Sin Thai Hin, a boutique developer, has acquired Holland Drive Residences at Sophia Road for $33.588 mil

Holland Drive Residences, a new concept boutique residence, is set to be the crown jewel atop Mount Sophia alongside the popular Orchard shopping belt. Sin Thai Hin Holdings, a boutique developer and investment company, has purchased the freehold land at 132 Sophia Road located in prime District 9 for $33.588 million with a 103-year lease tenure. The 13,783 sq ft site is zoned as ‘Residential’ with a gross plot ratio of 2.1 under the Master Plan 2019.

Holland Drive Residences is a great home for those who are frequently travelling or working around the island.

According to Robin Ng, Sin Thai Hin Holdings chairman, “This is a rare redevelopment site located in the prestigious Dhoby Ghaut precinct next to the Istana, where land has been tightly held.” This lucrative purchase comes on the heels of 10A and 10B Institution Hill’s 999-year leasehold properties being sold en bloc for $33.6 million back in February 2021.

With the new Holland Drive Residences at 132 Sophia Road being located next to the upcoming St Margaret’s Primary School, the site is expected to be very attractive to parties looking for a boutique residential development near Orchard Road, homebuyers seeking city living with a prime address, and especially families with children attending the multiple educational institutions located within 1 km of the site. Along with St Margaret’s Primary School, these institutions include the Anglo-Chinese School (Junior), School of the Arts (SOTA), LaSalle College of the Arts, Nanyang Academy of Fine Arts, and Singapore Management University.

The tender for the site at 132 Sophia Road was launched on November 2 and closed on November 29. During this period, there was keen interest in the property for the development of Holland Drive Residences. Sin Thai Hin Holdings was able to make the highest bid and secure the site. The development of the brand new Holland Drive Residences will add to the reputation to the prestigious Dhoby Ghaut precinct and set it apart from the bustling crowd.