Skye Holland 32 Times Oversubscribed Ahead Oct 11 Launch

Since its preview on Sept 26, the upcoming condominium Skye at Holland has generated strong interest among buyers, with the consortium behind the project collecting 2,151 cheques as expressions of interest by Oct 8. With only 666 units available, the development has been oversubscribed by 3.2 times.This enthusiastic response is not surprising, considering Skye at Holland is the first major private residential launch in the heart of Holland Village 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 the debut weekend. The official launch of the project is scheduled for Oct 11.The pricing and unit mix of Skye at Holland are expected to cater to a wide range of buyers, from HDB upgraders and first-time homeowners to investors. Two- and three-bedroom units make up 78% of the total project.Two-bedroom units, ranging from 581 sq ft to 743 sq ft, account for 56% of the development’s 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 a project saw such high demand was during the launch of Emerald of Katong in November 2019. Located in District 15 in the Rest of Central Region (RCR), the 846-unit project collected a whopping 3,629 expressions of interest, resulting in a 4.3 times oversubscription. During the launch weekend, 835 units (98.7%) were sold at an average price of $2,621 psf.A similar trend was seen at ParkTown Residence earlier this year. The integrated development, located in Tampines North, was launched in February, with developers UOL Group and CapitaLand Development selling 1,041 out of 1,193 units (over 87%) at an average price of $2,360 psf. Prior to its launch, the developers received 2,367 cheques for expressions of interest. The project is situated in the Outside Central Region (OCR).Given these past successes, there is much excitement for the launch of Skye at Holland this weekend. Interested buyers can check out the latest listings and compare prices with Buddy. They can also compare the price trend of new and resale condo units, upcoming launch projects, HDB and landed properties, and view the summary of Skye at Holland’s condo sale transactions in District 10.

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