What are the Pros and Cons of Van Holland?
Van Holland is a freehold development that sits on the site of the former Toho Mansion, which was purchased at a price of S$1,805 per square foot per plot ratio. Units at Van Holland are currently selling at an average price of around $2,900 per square foot. Do you think that is a fair price for the units?
In my personal opinion, I do feel at $2900psf is on the higher side if you were to compare it with some other new projects in the Holland/Farrer area. Its profit margin of about 24% is also higher than its competitors.
On the other hand, for a freehold development that is just across from Holland Village, it does come at a premium.
The closest comparison would be Mooi Residences, a freehold boutique development with only 24 units and only 4 mins walk to Holland Village. It has an average price of $2415psf, which is considerably lower than Van Holland. However, Van Holland does come with better facilities.
Van Holland is a comparatively small development. There are just 70 units, from one to four-bedroom layouts. But there is also a full suite of condo facilities. Tell us more about the facilities available. Does this also mean maintenance will be steeper, given that fewer units are around to share the cost?
To be more exact, Van Holland has 69 units.
For a small development, it does provide an impressive suite of facilities:
- It has two lap pools, one on the ground floor and another on the sky terrace
- Then you have the usual children’s pool, jacuzzi spa, gym, a nice clubhouse and gourmet pavilion. Other interesting facilities include a bike garage and a junior rock climbing wall.
The fewer units at Van Holland have a bearing on its maintenance fee.
For a 2-bedder you would be looking at $588; 3 and 4 bedder $686. Compared with Leedon Green, a larger project with 638 units, the maintenance is only from $240-390.
There are several other new launch developments in the Holland Village area. How does Van Holland compare against them? (e.g. One Holland Village Residences, Leedon Green, Hyll on Holland) (Note: can do a fair comparison of price, size, facilities, interior fittings, etc)
Interestingly, there are quite a number of new developments in the vicinity that were launched around the same time, which resulted from the enbloc fever in 2017 and 2018. So that does give buyers choices in this area.
Let’s first look at the prices
- Van Holland has 69 units average price is $2900psf
- One Holland Village Residences 296 units $2687psf
- Hyll on Holland 319 units average price is $2430psf
- Leedon Green 638 units is $2,683psf
- Mooi Residences 24 units $2415psf
So as we can see, the price of Van Holland is higher than the rest, with one exception, which is 15 Holland Hill. This project has only 57 units with an average price of $3045psf. It is targeted at buyers looking for spacious units because there are not many new condo units above 2000sf.
Facilities wise, only Leedon Green and One Holland Village Residences out of the list have tennis courts.
As for interior fittings, all these are high-end developments, so they all come with top of the line finishing, appliances and fittings.
One unique feature of Van Holland I would like to highlight is the book-matched marble flooring. What that means is when the pieces are placed side by side, they mirror each other like an open book. This is possible because of the way the marble slabs are cut to give the same patterns.
Another interesting feature of Van Holland is the faucets come with Swarovski crystals! Talk about class!
The site layout for Van Holland is such that there are two main rows of residential blocks. There is also very little space between the rows, resulting in many inward-facing units to be facing each other in close proximity. Do you think this is a dealbreaker, especially for residents who value privacy?
I would say the closeness of the units is the main disadvantage of Van Holland. Some of them can be as close as 5.4m which is definitely too close for comfort.
So far, the units that are facing each other are faring very badly. Only 3 of the 3-bedders looking right into their neighbours were sold. The corner units are selling quite well, 2 of which are the penthouse units.
From these data, we can conclude the close proximity of these units does have a negative impact.
If you are interested to know more about the new developments in the Holland area, you can drop me a message or book a consultation time slot with me through the Calendy below and I will be more than happy to share with you.
Danny Han is a licensed property agent since 2005.
As a kampong (village) boy growing up in Holland Village, he has so many fond memories. He grew up with pigsty (yuk!), cemetery, swamp and communal-living (with 10 families under one roof). His childhood games were gasing (spinning top), marbles, kites, spider-fighting and tree-climbing. An open-air cinema was his source of entertainment. 7th-month Hungry Ghost wayang (Chinese opera) and getai (concert) was a once-a-year event that brought the entire village together.
What Danny is passionate about is not just about showing clients properties around Holland Village, but also enjoys sharing anecdotes and nuggets of information that are part of his growing up years.
Danny is an avid hiker and passionate foodie. He has covered most of the nature trails in Singapore, including some that are off the beaten track. Living up to his motto, “walk to eat,” he enjoys going out with his wife, a retired academician, on a food hunt across the island. He also has some foodie kakis who mix work with food. They then share their gastronomic experiences through food blogs. So do watch out, because every time he shows you a property, he will tell you what is the best food nearby!
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