Skye Holland 32 Times Oversubscribed Ahead Oct 11 Launch
Skye at Holland, the highly anticipated condominium in Holland Village, has received an overwhelming response since its preview on Sept 26. By Oct 8, the consortium behind the project had collected 2,151 cheques from buyers expressing their interest. The development, which has 666 units in total, is already 3.2 times oversubscribed.
This enthusiastic reception is hardly surprising, given that Skye at Holland is the first major launch of private residential units in the heart of Holland Village in prime District 10 since 2019. The project, developed by a consortium comprising UOL Group, Singapore Land Group, CapitaLand Development and Kheng Leong Co., attracted over 8,000 visitors during its debut weekend. The official launch is slated for Oct 11.
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Skye at Holland offers a mix of units and prices that cater to a wide range of buyers: from first-time homeowners and HDB upgraders to investors. Two- and three-bedroom units make up 78% of the development’s total.
Interested parties can find more information on available units and prices for Skye at Holland in the latest update. Two-bedroom units, sized between 581 sq ft and 743 sq ft, account for 56% of the total (370 units) and are priced from $1.51 million ($2,598 psf). Meanwhile, three-bedroom units, ranging from 915 sq ft to 1,076 sq ft, make up 22% of the project (148 units) and start from $2.4 million ($2,623 psf).
The last time such a high level of demand was seen during a project launch was when Emerald of Katong was introduced in November last year. Located in District 15 in the Rest of Central Region (RCR), the 846-unit project received 3,629 expressions of interest, resulting in a 4.3 times oversubscription. On its launch weekend, 835 units (98.7%) were sold at an average price of $2,621 psf.
A similar momentum was seen earlier this year at ParkTown Residence, which is part of the integrated development ParkTown in Tampines North. At its launch in February, joint developers UOL Group and CapitaLand Development sold 1,041 out of 1,193 units (over 87%) at an average price of $2,360 psf. Before the launch, the developers received 2,367 cheques for expressions of interest. The project is located in the Outside Central Region (OCR).
Given these successful precedents, expectations are high for the launch of Skye at Holland this weekend. Interested buyers can view the latest listings for Skye at Holland properties on Ask Buddy, and compare price trends for new sale condos, resale condos, HDBs, and landed properties. They can also view project summaries for Skye at Holland condo and check out the condo sale transactions in District 10.
