Sim Lian Tops Holland Link GLS Tender with S$1,432 PSF PPR Bid

Sim Lian Land and Sim Lian Development have submitted the highest bid for the Government Land Sales (GLS) site at Holland Link, offering S$368.37 million or S$1,432 per square foot per plot ratio (psf ppr). This is 22.2% higher than the second-highest bid from Wee Hur’s subsidiary at S$1,171.70 psf ppr, and 55.7% higher than the lowest bid from Sustained Land at S$919.89 psf ppr.

A total of five bids were submitted for the 183,729 sq ft plot, which can accommodate up to 233 residential units in a six-storey project. The site is located in the Holland Plain precinct, a new planning area envisioned by URA as a leafy, low-density neighbourhood with convenient access to King Albert Park MRT station on the future Cross Island Line.

Key Highlights:

• Top bid: S$1,432 psf ppr (Sim Lian)

• Second-highest bid: S$1,171.70 psf ppr (Wee Hur)

• Other bidders: Kingsford (S$1,061 psf ppr), ABR/Roxy-Pacific/Macly/LWH (S$1,050 psf ppr)

• Maximum GFA: 257,225 sq ft

• Unit cap: 233 units

• Includes early childhood centre: Minimum 5,382 sq ft GFA

Market Perspective:

Analysts called Sim Lian’s bid “bullish,” especially since it surpassed:

• Dunearn Road site’s top bid of S$1,410 psf ppr (June 2025)

• Holland Drive site’s S$1,285 psf ppr in 2024, which is closer to Holland Village MRT and amenities

Despite being 800m from the future MRT and near a columbarium, the site is attractive due to:

• Proximity to Methodist Girls’ School and Henry Park Primary School

• Location near Good Class Bungalow (GCB) Areas

• Planned green spaces and low-density residential zoning

Mark Yip, CEO of Huttons Asia, noted that the project may benefit from first-mover advantage in the upcoming Holland Plain precinct, with URA’s vision of a lush, well-connected neighbourhood anchored by the future CRL interchange.

The site next to the Holland Link plot remains available on the reserve list and could yield up to 282 private homes.