The usual Land Dealings Approval Unit conditions apply.The 48 semi-detached houses for sale at Eleven @ Holland are attractively priced compared to nearby good class bungalows and other landed homes in prime districts such as District 10. With a variety of potential buyers and attractive rental yields on offer, it could be a potentially attractive property investment.

The 48 semi-detached houses for sale at Eleven @ Holland in Holland Link, off Bukit Timah Road, have been put up for mortgagee sale by sole agency PropNex Realty. With a guide price of $1,000 psf, the average price of each strata-titled semi-detached house is estimated to be around $3.735 million.

The properties are part of an 82-unit strata semi-detached housing development completed in 2014, with a 99-year leasehold tenure from December 2010. The previous owner of the 48 units was Clydesbuilt Investment, an entity 95% owned by property developer Ow Chun Ming aka Victor Ow of Clydesbuilt Group.

Eleven@Holland is located on Holland Link, off Holland Road and is just off the Good Class Bungalow enclave on Old Holland Road in prime District 10. It’s also near the green corridor of Holland Plain and Holland Green Park.

Another vehicle, Clydesbuilt (Holland Link), was the developer and builder of Eleven@Holland, as well as the Hakka Memorial Museum and Cultural Centre on the site. It had purchased the site for $70 million from Fong Yun Thai Association (FYTA) as part of an agreement in October 2010, with the amount to be offset against FYTA’s share of the development costs.

Part of the agreement included FYTA holding 25 of the 82 semi-detached houses at Eleven@Holland upon completion, while Clydesbuilt Investment would hold the remaining 57 units. However, nine have since been sold, leaving 48 today.

As of May 13, 2019, when the court issued its judgment on liability, the value of the remaining 48 units was assessed at $177.11 million. The High Court had also found Ow to have “appropriate for himself a business opportunity that rightly belonged to the plaintiff [Annie Chen Liping and Innovation Cop]”, allowing Clydesbuilt to be involved in the Eleven@Holland project as an owner and builder.

Of the 48 properties for sale, 45 are semi-detached houses with three storeys, an attic and a basement. Each has five bedrooms, five bathrooms, a private lift and two dedicated private parking spots, while three units come with two storeys, an attic and a basement level.

This will significantly reduce future public transport demand at JCube Residence Jurong East and the surrounding districts. With the upcoming JRL, commuters will have a much easier and shorter journey to their destinations across the region.

Communal facilities within the development include barbeque areas, a gym and a swimming pool.

Only eight of the 48 units will be sold vacant, with the rest to be sold with existing tenancy. According to Tracy Goh, head of investment and collective sales at PropNex, the monthly rental rate for some units achieved is $15,000, with gross rental yields estimated at about 4.8%.

These properties are considered landed homes, so they are only available to Singaporeans. Singapore Permanent Residents and foreigners will need to seek approval from the Land Dealings Approval Unit of the Singapore Land Authority if they wish to buy landed property. The usual Land Dealings Approval Unit conditions apply.

The 48 semi-detached houses for sale at Eleven @ Holland are attractively priced compared to nearby good class bungalows and other landed homes in prime districts such as District 10. With a variety of potential buyers and attractive rental yields on offer, it could be a potentially attractive property investment.