The newly launched Skye at Holland, a 666-unit residential project along Holland Drive, has achieved a near sell-out with 658 units sold over its launch weekend. This impressive 98.8% take-up rate sets a new benchmark for the Core Central Region (CCR), surpassing previous launches such as LyndenWoods and Emerald at Katong. According to Kelvin Fong, CEO of PropNex, the launch marks a significant milestone, reflecting strong local demand despite the 60% Additional Buyer’s Stamp Duty (ABSD) affecting foreign interest.
The robust sales performance highlights a recovery in the CCR market, which had slowed following the ABSD tightening in April 2023. Local buyers, primarily Singaporeans and Singapore Permanent Residents, have shown a keen interest in well-located and competitively priced projects. The average price gap between CCR and Rest of Central Region (RCR) properties has narrowed to 19% in Q3 2025, according to URA Realis data.
Larger unit types were the first to sell out, indicating strong owner-occupier demand. The project’s strategic location near Holland Village, educational institutions, and transport links, coupled with a favourable interest rate environment and competitive pricing, contributed to its success.
The launch of Skye at Holland sets a positive tone for upcoming projects in the final quarter, including Penrith, Faber Residence, Zyon Grand, and The Sen.
