As the Singapore property market continues to demonstrate resilience amid evolving economic conditions, Skye at Holland has emerged as a focal point of buyer interest, recording a remarkable 3.2x oversubscription during its pre-launch phase.
The development, situated at 2 and 6 Holland Village Way, comprises two 40-storey towers containing 666 residential units on a 99-year leasehold tenure, with construction expected to complete by 30 October 2028.
The market frenzy stems from multiple factors, primarily the prime District 10 location adjacent to One Holland Village mall and the competitive land acquisition price.
The consortium comprising CapitaLand Development, UOL Group, Singapore Land Group, and Kheng Leong Company secured the Holland Drive GLS site at $1,285 per square foot per plot ratio, marking the lowest land rate in a prime district since 2019.
This acquisition strategy positions the project favorably against recent prime and non-prime district developments, appealing to buyers seeking capital preservation opportunities within the Core Central Region.
The development occupies approximately 133,343 square feet with a gross floor area of 626,650 square feet.
It features units beginning roughly 20 meters above street level to guarantee privacy and panoramic views.
The unit mix encompasses configurations from 2-bedroom to 5-bedroom premium units, ranging between 581 and 1,765 square feet.
Per-square-foot pricing spans S$1,616 to S$3,549.
Premium units feature private lift access, targeting family and legacy-focused purchasers.
Connectivity remains a significant draw, with Holland Village MRT station accessible within an eight-minute walk and Buona Vista MRT providing dual-line access.
The location facilitates seamless transit to Orchard Road, the CBD, and the one-north innovation hub.
Proximity to Singapore Botanic Gardens and Dempsey Hill enhances lifestyle appeal.
The developer consortium brings proven luxury credentials, having previously delivered Meyer House, Nassim Park Residences, Watten House, and 15 Holland Hill.
The architectural design integrates two towers atop a two-storey podium with a material palette featuring brick, bronze, and earthy tones.
The towers are oriented 46° North-South, optimizing natural airflow and maximizing favorable facing directions for residents.
Over 50 lifestyle facilities, including the Skye Clubhouse and sky terraces, complement a two-storey carpark accommodating 671 lots with EV charging infrastructure.
CapitaLand Development brings over 40 years’ experience to the project, having established a reputation for iconic landmarks and award-winning residences with a focus on sustainability.
The strong demand occurs despite foreign buyer restrictions that have reshaped Singapore’s property investment landscape, with foreign participation in residential transactions declining to approximately 7% in Q1 2023.
