Skye at Holland: A Balanced Review for Buyers

In Singapore’s vibrant Core Central Region (CCR), Skye at Holland stands out as an exciting new condo launch in District 10. Developed by a consortium of top tier developers —CapitaLand, UOL Group, Singapore Land Group (SingLand), and Kheng Leong — this 99-year leasehold project features two 40-storey towers with 666 units, eyeing TOP around 2029. Tucked beside the lively One Holland Village mall, it mixes urban ease with lifestyle vibes, surrounded by cafes, shops, and green havens like the Holland Road Park Connector. A five-minute stroll to Holland Village MRT seals the deal with smooth links to Buona Vista, Botanic Gardens, and the CBD. Starting at $2,598 psf, it’s a rare shot at this prestige pocket. But is it a wise move? Let’s dive right in!

Competitive Pricing from a Savvy Land Bid

Skye at Holland nabbed its 133,343 sq ft site in a 2024 Government Land Sales (GLS) tender with a winning bid of $805.4 million, translating to a land rate of $1,285 psf per plot ratio (ppr). That’s quite a significant discount compared to other CCR sites, allowing the developers to launch units starting from $2,598 PSF. This is 2019-esque pricing, where One Holland Village Residences (OHV) launched at around $2,600–$2,900 psf pre-harmonisation (back in 2019). At this price, first-timers or upgraders can grab a CCR home without the usual hefty markup.

Efficient Layouts for Smart Living

Harmonisation cuts out wasted spots like oversized aircon ledges or balconies —common gripes in older CCR builds. This delivers efficient layouts, allowing 4 BR units at Skye to sell at similar quantum to 3BR in OHV. All the 2- to 5-bedroom options offers efficient use of space and smart features without extra cost for dead areas. It’s a solid pick for families or pros who prioritise usability over show, in line with the market trend today.

High Demand and Promising Resale

Holland Village’s scarce supply—the first GLS site since 2018—coupled with strong demand from nearby HDBs and Good Class Bungalows (GCBs), makes Skye a highly sought after project in the Holland area. Though rental yields (2.5–3%) won’t wow, the area’s trendy cafes, pet-friendly shops, and proximity to Henry Park Primary and Nanyang Primary draw expats and families, setting the stage for solid capital growth post-TOP. This is especially true for the bigger units in Skye, where there is strong pricing support from surrounding resale transactions.

Prime Lifestyle Hub in the CCR

Holland Village buzzes with bohemian charm—vibrant arts, dining at Dempsey Hill, and a quick drive to the UNESCO-listed Botanic Gardens. Skye sits beside One Holland Village mall for retail and eats without integrated living’s racket, while its tallest towers frame stunning views of Bukit Timah Nature Reserve and the CBD skyline. At this price, it’s a golden ticket to CCR life with top connectivity via PIE, AYE, and CTE.

Imperfections

No projects are perfect, and so is Skye. Unlike Punggol or Jurong, where URA master plans promise big shifts, Holland Village feels pretty much near the tail end of the transformation/rejuvenation. The Urban Redevelopment Authority (URA) has no major projects lined up beyond minor tweaks, which might slow future value growth. Further, some of the unit facing are not so ideal, facing angled west sun / roads. The lack of schools within 1km could also be a deterring factor for families with children. Lastly, in the prestigious District 10, buyers could favour Freehold properties over Leasehold ones, putting the 99 year leasehold Skye at a slight disadvantage.

Key Checks Before Buying

• Review floor plans for usable space and views; compare with One Holland Village layouts and pricing. 

• Check surrounding projects—track transaction counts and prices to judge entry safety. 

• Pinpoint the best-value unit size for a smart Holland Village entry.

The Bottom Line

Skye at Holland offers a strong entry into CCR living with attractive pricing, efficient designs, and resale potential in a low-supply zone. This project could be the best opportunity in 2025, taking advantage of the low land bid prices in 2024, harmonisation, and strong price support in the surrounding area. Previews start from 26 Septempber - sign up for VVIP previews to view this unique offering! In Singapore’s fast-moving market, thorough homework will tell if Skye takes off for you. Drop us a message for deeper discussions!