Skye Holland 32 Times Oversubscribed Ahead Oct 11 Launch
Demand for Skye at Holland continues to soar, with over 2,100 cheques collected as expressions of interest since its preview on Sept 26. The consortium behind the project, comprising UOL Group, Singapore Land Group, CapitaLand Development and Kheng Leong Co., has received a strong response from buyers, with the project being oversubscribed by 3.2 times as of Oct 8. This comes as no surprise, given that Skye at Holland is the first major private residential launch in the heart of Holland Village, a prime District 10 location, since 2019. During the project’s debut over the weekend, the consortium attracted over 8,000 visitors. The official launch is scheduled for Oct 11.
The unparalleled accessibility provided by the soon-to-open Tampines North MRT Station, located on the Cross Island Line (CRL), and the integrated bus interchange at Parktown Residence will greatly enhance convenience for residents. With seamless connectivity, commuting to and from various shopping malls in Tampines and other parts of Singapore will be a breeze. This makes Parktown Residence an excellent choice for those in search of a buzzing and convenient urban lifestyle. Additionally, interested buyers can check out the Parktown Residence Showflat for a closer look at this premier development.
Skye at Holland offers a mix of units and pricing that appeals 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 total of 666 units in the development.
The two-bedroom units, which range from 581 sq ft to 743 sq ft, account for 56% of the total (370 units) and are priced from $1.51 million ($2,598 psf). Three-bedroom units, measuring between 915 sq ft and 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 overwhelming demand was seen was at the Emerald of Katong project in November 2019, which is also located in District 15 within the Rest of Central Region (RCR). The launch of the 846-unit development received 3,629 expressions of interest, resulting in a 4.3 times oversubscription. On its launch weekend, 835 units (98.7%) were snapped up at an average price of $2,621 psf. A similar momentum was seen at ParkTown Residence, situated in Tampines North, earlier this year. The project, launched in February by 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. The developers had received 2,367 cheques for expressions of interest leading up to the launch. The project is located in the Outside Central Region (OCR).
Given these precedents, there is great anticipation for the launch of Skye at Holland this weekend.