Skye at Holland Nearly Sold Out at Launch Weekend
Skye at Holland, a new 666-unit private residential development in Holland Village, recorded one of the most successful project launches this year. Over the launch weekend, 658 units were booked, translating to a 98.8% take-up rate.
Jointly developed by UOL Group, Singapore Land Group, CapitaLand Development (CLD), and Kheng Leong, the 99-year leasehold project comprises two 40-storey towers offering a mix of two- to five-bedroom apartments. This is the first major private residential launch in Holland Village in almost six years.
Strong Market Response in the CCR
Skye at Holland is currently the best-selling launch in the Core Central Region (CCR) for 2025. The average selling price came in at $2,953 per square foot (psf). Most buyers were Singaporeans or permanent residents, with a large share being existing private homeowners or HDB upgraders from nearby estates.
The development’s success is widely seen as a sign of renewed confidence in the CCR segment, which has seen quieter activity following the ABSD tightening in April 2023.
Pricing Overview
| Unit Type | Size (sq ft) | Starting Price | Starting PSF |
|---|---|---|---|
| 2-Bedroom | 581 | $1.51 million | $2,598 psf |
| 2-Bedroom Premium | 667–678 | $1.76 million | $2,637 psf |
| 3-Bedroom | 915-1076 | $2.4 million | $2,623 psf |
| 4-Bedroom (w/ lift) | 1,238-1464 | $3.34 million | $2,698 psf |
| 5-Bedroom | 1765sqft | $4.89 million | $2,778psf |
High Demand for Larger Units
All three- and four-bedroom units were sold out over the weekend, with close to 90% of five-bedroom units booked. Many buyers opted for larger formats after their preferred smaller units were no longer available. This indicates strong owner-occupier demand, particularly among families.
Key Attributes Driving Demand
The site’s appeal lies in its prime District 10 address, proximity to Holland Village MRT, an established retail cluster, and nearby primary schools. The project also benefits from being one of the few CCR sites launched with pricing levels closer to OCR benchmarks, offering relative value for a centrally located project.
According to Marcus Chu, CEO of ERA Singapore, the development is “set to resonate with discerning buyers who value both luxury living and long-term investment potential.”
Outlook for CCR Projects
Kelvin Fong of PropNex commented that the strong sales signal a broader recovery for CCR launches. He noted that the take-up at Skye at Holland was the highest seen in recent memory for the core central segment, driven by both price strategy and product-market fit.
DBS Research had also forecasted a strong reception ahead of launch, noting that buyer response would be a positive signal for UOL and its partners. Following the launch, UOL shares rose slightly by 0.4% to close at $7.96.
Skye at Holland’s near sell-out launch reflects strong confidence returning to the CCR market. With limited supply and continued buyer interest in well-located central projects, this development has set a new benchmark for 2025 launches. It also reinforces Holland Village’s appeal as one of Singapore’s most established and sought-after residential enclaves.
