A long-running dispute between the owners of The Sail@Marina Bay and City Developments Ltd (CDL) over numerous alleged defects in the high-end condominium project will finally be heard in court next month.
Hollandia is up for sale at an indicative price of over $163 million, at a land rate of $1,515 per sq ft per plot ratio. Located in the Holland residential neighbourhood, the property is about 700m from Holland Village MRT station, and is close to Dempsey Hill and Holland Village.
The two eye-catching developments that have been built on sites that were part of a landmark pact between Singapore and Malaysia look poised to make a major impact on the commercial and residential property markets. Prime Ministers Lee Hsien Loong and Najib Razak declared the developments open on Monday evening, in a ceremony attended by a delegation of ministers from Singapore and Malaysia and about 300 guests.
When the government unexpectedly shortened the holding period for the Sellers Stamp Duty as well as lowered the rates in March 2017, some saw this as a prelude to easing the curbs.
These hopes were quickly dashed by Monetary Authority of Singapore (MAS) managing director Ravi Menon when he presented the central bank's annual report in June. He said the remaining cooling measureswere still necessary as underlying demand for private residential properties continues to be firm amid an environment of persistently low interest rates.