Holland Drive five-room HDB flat sold for S$1.1 million

A five-room HDB at Holland Drive has been sold in June for S$1.1 million, setting a new record for the area.

The 38th-floor resale unit at Block 18C Holland Drive has a floor area of 1,259 sq ft, which works out to about S$874 per sq ft (psf).

Built under the Selected En Bloc Redevelopment scheme, the unit has a remaining lease of 93 years and has an unblocked view.

It was transacted at 16 per cent above the price of a similar unit on the 37th floor at the same HDB block, which was sold at S$945,000, or S$751 psf, in November last year.

ERA Realty’s Joyyce Goh, the seller’s agent, said: “Holland is a prime area for both private and public housing. This unit is located between Buona Vista and Holland Village MRT stations.

“Any high price for a resale flat will likely come from the Commonwealth and Holland areas because of their proximity to Orchard Road and the city.”

The buyer is a Singaporean family that had previously lived in a private property and is looking to downgrade.

Just three months ago, an executive apartment at Block 148 Mei Ling Street sold for a record S$1.08 million.

Close to Queenstown MRT station and Anchorpoint Shopping Centre, the 1,615 sq ft unit, which is situated on a higher floor, has a balance lease of about 76 years and sold for about S$669 psf on the built-up area.

Join The Discussion

Compare listings

Compare