Overview Rating
Based on our analysis, One Holland Village Residences receives an overall score rating of 7.5 out of 10 due to its excellent proximity to amenities and future development prospects with high potential for resale and rental yields but falls short on leasehold tenure and sale PSF price.
Tenure
One Holland Village Residences is sold under a leasehold tenure of 99 years, which means that the buyer owns the property for a fixed period before returning ownership of the property back to the landowner or government. The implication of this is that after 99 years, there may be a drop in value unless it undergoes an en bloc sale or if the government extends its leasehold tenure. However, given its prime location in central Singapore, it may retain its value better than other properties with shorter leaseholds.
Amenities
One Holland Village Residences is situated in District 10, which is an upmarket area for condominiums and bungalows. The condo is located very close to the Holland Village MRT station along the Circle MRT line, connecting commuters to various city and city-fringe locations in Singapore. It also offers unrivalled convenience of shopping and dining at the cultural hotspot of Holland Village. The location is surrounded by schools such as Henry Park Primary Schools and Nanyang Primary School that are within a 2km radius.
Future Development
The Urban Redevelopment Authority (URA) has plans to develop the surrounding area by introducing new commercial developments in the future which could positively impact the appreciation of properties located in this area over time. It’s important to note that this project is already a mixed-use development comprising residential apartments, serviced apartments, commercial retail units, offices and community spaces which may attract more investments towards this area upon completion.
Sale PSF Price
The indicative sale PSF price range for One Holland Village Residences falls between $2,316 ~ $3,447 which is higher than the average PSF prices for condos in each region – OCR: approximately $1,971; RCR: around $2,294; CCR: about $2,585. It’s important to note that this project offers rare apartment layouts with high-ceilinged 2-bedroom units and indulgent 4- and 5-bedroom duplexes which could justify its price range when compared to other projects in different regions that offer fewer facilities.
Resale Potential
Given its excellent location, One Holland Village Residences has good resale potential as it is situated in one of Singapore’s most desired residential areas and is well-connected to the rest of Singapore. Moreover, with an expected TOP date in Dec 2024, there may be capital appreciation over time as the property nears completion. However, factors such as market conditions and nearby developments could also impact its resale value.
Rental Yield
The average rental yield for condos in Singapore is around 3%, which means that owners can expect to receive rental income equivalent to about 3% of the property’s value per year. Given its prime location and proximity to amenities, One Holland Village Residences has good potential for rental yield. However, other factors such as the property’s condition and competition from surrounding developments may affect its rental yield over time.
One Holland Village Residences is a luxury condominium located in the heart of Holland Village, District 10. Developed by Commons Residential Pte Ltd/Commons SR Trustee Pte Ltd/Commons Commercial Trustee Pte Ltd (Sekisui House/ Sino Group/ Far East Organization), it features 296 units spread across three blocks, with a mix of one to four bedroom apartments and duplexes. Amenities include an amphitheatre, BBQ pits, fitness corner, function rooms, gym, lap pool, lounge and parking.
Location:
One Holland Village Residences is situated in one of Singapore’s most desired residential areas. It is well-connected with public transportation with Holland Village MRT Station just a three-minute walk away along the Circle MRT line. The development also offers convenient access to exits to the Pan-Island Expressway and Ayer Rajah Expressway. Additionally, the area boasts a range of schools including reputable primary schools like Henry Park Primary Schools and Nanyang Primary School. For retail therapy, residents can head to Holland Village Market & Food Centre or nearby malls such as Raffles Holland V Mall and Holland Road Shopping Centre.
Units:
One Holland Village Residences offers an array of rare apartment layouts from high-ceilinged 2-bedroom units to space-efficient 1-bedroom pads and indulgent 4- and 5-bedroom duplexes. All apartments are designed with practicality and functionality in mind while still being aesthetically pleasing. Its architecture is sensitive to the low-rise and street-oriented nature of Holland Village.
Price:
One Holland Village Residences provides good value for money for its location, amenities, and unit types offered compared to similar properties in the area. Though prices might be on the higher side depending on unit type and size.
Conclusion:
Overall One Holland Village Residences presents itself as an attractive option for those looking for a luxury condominium in a prime location with easy access to public transportation, schools and shopping centres. Its unique apartment layouts and thoughtful design elements make it a good investment option for those looking for a high-end home with premium amenities. However, potential buyers should consider the price range as some units may be more costly compared to other developments in the vicinity.
