Skye at Holland nearly sells out with 98.8% take-up on launch weekend

The buyer profile was largely made up of nearby private-property owners and HDB upgraders.

Skye at Holland recorded a near sell-out on its launch weekend, moving 658 out of 666 units, or 98.8%, in what is being called the strongest Core Central Region (CCR) project launch of 2025.

According to Kelvin Fong, CEO of PropNex, the performance sets a new benchmark for recent CCR launches and rivals the 98.7% take-up at Emerald at Katong in November 2024.

The project’s launch success also outpaced LyndenWoods, making it the most successful CCR debut in recent memory.

Mark Yip, CEO of Huttons Asia, noted that more than 2,100 cheques were collected for the 666 units, pointing to intense demand. He highlighted that this was the first major launch in the Holland Village area in five years and the first since the end of the Lunar Seventh Month.

Both firms pointed to strong interest from Singaporeans and permanent residents, with foreign demand still muted by the 60% Additional Buyer’s Stamp Duty (ABSD) introduced in April 2023.

The buyer profile was largely made up of nearby private-property owners and HDB upgraders, supported in part by rising resale flat values, including a recent $1.73m transaction for a five-room flat at Margaret Drive.

Larger units led the sales momentum. All 3- and 4-bedroom units were sold, along with nearly 90% of 5-bedroom units. Some buyers reportedly upsized after their preferred smaller units were snapped up early.

Fong said the pattern reflects strong owner-occupier demand, particularly given the project's proximity to top schools and job nodes like one-north and Science Park.

Guide prices started at $1.51m for a 2-bedroom, $2.4m for a 3-bedroom, and $3.34m for a 4-bedroom unit. Fong attributed the strong take-up to calibrated pricing, a well-connected location, and favorable borrowing rates.

With Skye’s launch, the average price gap between CCR and Rest of Central Region (RCR) new sales stood at roughly 19% in Q3 2025, based on URA Realis data. Fong suggested this supports signs of a broader CCR recovery.

Yip added that the completion of One Holland Village in 2023 has rejuvenated the area, boosting its appeal to both buyers and investors. He also flagged upcoming supply constraints in the CCR, with just around 2,700 units expected in 2025, falling to about 1,400 in 2026 and around 700 in 2027 if no new land is released.

Other recent CCR launch performances cited by PropNex include The Robertson Opus (50%), UpperHouse @ Orchard Boulevard (68%), and River Green (89%), placing Skye’s 98.8% result at the top.

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