One Holland Village Residences

Before the release of One Holland Village Residences (part of One Holland Village), It’s been a while since the market has last seen Far East Organization involved in a large-scale project.

In fact, it has been 4 years since Far East Organization (FEO) acquired a site via the government land sales (GLS) programme. And its latest residential project is a 119-unit freehold development along Holland Grove, named Parksuites – launched back in February 2018.

At first glance, One Holland Village looks nothing like any of the integrated private developments you’ve seen over the past decade.

FEO and its partners acquired this 99-year leasehold Holland Road site back in May 2018 under the dual-envelope system. From the artist impressions, the entire One Holland Village project does look impressive.

Therefore, you can see why FEO won the land tender with its proposed conceptual design for One Holland Village after evaluation by the government.

Hence, One Holland Village Residences is probably one of the most eagerly anticipated new launch condo projects in 2019.

Let’s see what One Holland Village Residences has to offer and is it actually a good buy in today’s market.

One Holland Village Residences Project Details

Before we go into the specifics of Holland Village Residences, here’s an overview of the project details.

Project Name	One Holland Village Residences
Address	1/3/5 Holland Village Way
Developer	Far East Organization (FEO), Sino Group & Sekisui House
Architect	MKPL Architects
Tenure	99-year leasehold from 13 Aug 2018
Site area	291,912 sq ft
Total number of units	296
Number of blocks	3
Number of storeys	Sereen: 34-storey Quincy: 28-storey Leven: 8-storey
Expected TOP date	Est. end December 2023

One Holland Village Residences Developer

The developer for One Holland Village Residences is tripartite that includes Far East Organization, together with Sino Group, and Sekisui House.

These groups have rich portfolios that comprise a wide range of real estate projects across the globe. In addition, they have a combined experience of more than 100 years in the real estate industry.

Far East Organization

Far East Organization (or FEO) is by far one of the largest real estate groups in Asia. Hence, if you are a savvy homeowner or property buyer, you would have definitely heard of FEO.

The late Mr. Ng Teng Fong founded FEO back in 1960 and it focuses primarily on market segments such as real estate, hospitality, food & beverage, and retail.

There are a number of investment companies and investment firms under the FEO umbrella. Most importantly, it includes 2 public listed subsidiary firms, Far East Orchard Ltd and Yeo Hiap Seng Ltd.

Hence, FEO has an extensive and diverse portfolio that comprises of business ventures in regions & countries such as Singapore, Hong Kong, China, Malaysia, and Australia.

For instance, some of its prominent residential projects in Singapore include Alba, Altez, Skyline @ Orchard Boulevard, The Scotts Tower, and Silversea, etc.

To date, FEO is the only property developer in the world to be crowned with a total of 10 FIABCI Prix d’Excellence Awards. This is the highest accolade that a developer can achieve in the international real estate scene.

Sino Group

Being known as the ‘sister company’ of Far East Organization, Sino Group was established back in the 1970s by Mr. Ng Teng Fong as well.

The group is a very well-known over the last 49 years within the residential, retail, office, and industrial market segments largely based in Hong Kong. It is also one of the key players in the hotel industry.

Moreover, It has developed over 200 projects in China (mainly Hong Kong and Mainland) and Singapore. It spans a total floor area of more than 76.5 million square feet.

Sino Group’s core business is also being complemented with a wide range of property services.

Its property services arm, Sino Property Services offers one-stop-shop services that range from property & car park management to cleaning, environmental & security services.

Sekisui House

Sekisui House is one of the largest homebuilders in Japan and was established back in 1960.

Since 2009, Sekisui House has expanded its business outside of Japan – primarily into countries such as Australia and Russia.

For instance, It had a projection to invest 200 billion yen to develop more than 4,000 quality homes and properties within cities such as Sydney and Brisbane in Australia. To date, it’s actually one of the fastest-growing and successful community developers within Australia.

The firm has also expanded its businesses to regions within the United States and China as well in 2010.

In addition, Sekisui House has been heavily involved in some of the residential projects in Singapore over the last decade. Some of these projects include Watertown at Punggol, Seaside Residences at Siglap, and Q-bay Residences at Tampines, etc.

One Holland Village Residences Location

One Holland Village Residences condo will be located along Holland Village Way – newly constructed road situated off Holland Drive.

It is situated within District 10, which is considered as one of the prime residential areas in Singapore.

The Holland Village estate was first established back during colonial times.

It was when Hugh Holland, an English architect who lent his last name to the arterial road of the area where his residence was located at.

The world today sees the charm of Holland Village being retained and above all, it has become the perfect spot of fine delicacies, and cool places to chill and unwind.

Surrounded by a wide range of amenities and F&B outlets

The number of amenities and food choices is probably one of the reasons why Holland Village is ever popular among the locals and even expatriates.

The Holland Village Market and Food Centre is the main anchor of the precinct. It is basically a wet market and a hawker center.

Within this complex, you will find some of the most authentic local cuisines at very affordable prices.

If you are new to the area, you will definitely want to make a trip here to soak up the atmosphere and aromas coming from the wide selection of local street food. They are mostly found along Lorong Mambong and Lorong Liput.

Then again, Holland Village isn’t just only about all the food and drinks. There are also other amenities such as a supermarket, boutique gyms, banks, and other retail shops scattered throughout the area.

Hence, you can easily get your daily necessities done while living in One Holland Village Residences.

In addition, once the One Holland Village project is complete, it will give this area a little bit of modern touch as more retail and F&B options will be introduced.

Close to Holland Village MRT station

“Is this property near an MRT station?”. This is probably one of the most commonly-asked questions from home buyers and property investors.

You’ll be happy to know that One Holland Village Residences is located very close to Holland Village MRT station.

Simply take a stroll along Holland Road and it will only require you a short 3-minute walk to get there.

The Holland Village MRT station is located along the Circle MRT line. Therefore, it offers commuters a direct route to various city and city-fringe locations in Singapore – from the west to the east.

For instance, getting to the Marina Bay area and the south-western business district (i.e. Pasir Panjang, Harbourfront, etc.) will only require a 20-30-minute train ride.

In addition, you are just 1 and 2 stops away from Buona Vista and one-north.

They are both Singapore’s biggest high-tech research & development clusters which house some of the most well-known biomedical sciences, info-communication technology, and media companies in the world. This would definitely be a big plus point for investors.

Within close proximity to top educational institutes

When it comes to nurturing the growth of the future generation, parents will be mostly concerned about the proximity to top educational institutes.

The good news is that One Holland Village Residences is close to some of the top primary schools in Singapore.

For instance, some of these schools include Henry Park Primary School, Nanyang Primary School, Fairfield Methodist Primary School, and New Town Primary School. They are all within a 2-km radius from the One Holland Village project.

The location in this region is also home to some of the most prestigious board schoolings and schools that provide tertiary education. They include Anglo-Chinese School (Independent), Anglo-Chinese Junior College, Singapore Polytechnic, and the National University of Singapore.

As for those who are looking for international schools, the United World College of South East Asia (Dover Campus), Tanglin Trust School, and Anglo-Chinese School (International) are some of the closest options available.

One Holland Village Residences Condo Design

As mentioned earlier, one of the key reasons why Far East Organization and its partners won the land tender of this Holland Road site was due to its design for One Holland Village.

The winning design was complimented for its sensitively-scaled architecture that complements the current environment around Holland Village.

Moreover, the award of this mixed residential and commercial site will be well-suited to the developers’ wealth of experience in the residential, hospitality, and retail sectors.

Here is a quick overview of One Holland Village Residences. The entire development will comprise of  3 residential towers and each will be known as Sereen, Quincy, and Leven.

There will be 3 levels of facilities in total and 2 sky terraces located on Level 33 and 34 of Sereen and Level 20 of Quincy.

This new condo at Holland Road will also be equipped with a 50-meter long lap pool, a rooftop tennis court on Level 34, a lawn, a function/dining room, and a couple of BBQ pavilions, etc.

One Holland Village Residences Floor Plan and Unit Types

The One Holland Village Residences has a total of 296 residential units. They are being distributed across the 3 residential towers of Sereen (34-storey tall), Quincy (28-storey tall), and Leven (4-storey tall).

The bulk of residential units are located at the Sereen tower. It takes up 84 percent of the total number of units available within the whole development.

The entire project offers homebuyers a wide selection of unit types, comprising of 1-bedroom units to 4-bedroom + Study duplex units – sizes ranging between 484 sq ft to 3,358 sq ft.

Here’s a list of the One Holland Village Residences floor plan for each unit type.

Sereen (248 units)

• 1-Bedroom (484 sq ft)
• 2-Bedroom (689 to 829 sq ft)
• 3-Bedroom (1,098 sq ft)

Qunicy (27 units)

• 3-Bedroom (1,238 to 1,281 sq ft)
• 3-Bedroom + Study (1,615 sq ft)
• 4-Bedroom (2,088 sq ft)
• 4-Bedroom + Study Duplex (3,358 sq ft)
• Penthouse

Leven (21 units)

• 2-Bedroom (807 to 1,087 sq ft)

One Holland Village Residences Price Guide

One Holland Village Residences will launch for sale officially in the final week of November 2019.

A private preview was held between 25 to 27 November, and a total of 50 out of 296 units were sold.

Here’s an overview of the One Holland Village Residences price guide.

Unit Type	Tower	Size	Starting Pricing	PSF Price
1-Bedroom	Sereen (34-storey)	484 sqft	$1,255,134	$2,593
2-Bedroom		689 – 829 sqft	$1,996,664	$2,409
3-Bedroom		1098 sqft	$2,644,936	$2,409
3-Bedroom	Qunicy (28-storey)	1238 – 1281 sqft	$3,984,398	$3,218
3-Bedroom + Study		1615 sqft	$5,197,045	$3,218
4-Bedroom		2008 sqft	$6,827,189	$3,270
4-Bedroom + Study Duplex		3358 sqft	Price on Ask	–
Penthouse		–	Price on Ask	–
2-Bedroom	Leven (4-storey)	807 to 1087 sqft	$2,435,095	$3,017

Please note that the price for Holland Village Residences is subjected to further changes.

Hence, please do contact me at  (+65) 6631-8384 if you need the latest update.

One Holland Village Residences Showflat Location

The One Holland Village Residences showflat is located at 9A Holland Drive, Singapore 278942. It is also known as the open-air public car park at Holland Village.

As of now, the opening hours of the showflat has yet to be confirmed.

However, if you are interested to view the showflat, please drop me a note or call me at (+65) 6631-8384. I’ll be able to provide you with an update.

One Holland Village Residences Review

At first glance, One Holland Village Residences ticks all the boxes for what a quality property should be. The entire One Holland Village project is like a work of art, and I am sure the Urban Redevelopment Authority (URA) will agree as well.

In fact, the exact words from URA were “compelling in its design concept” –  and indeed it was.

Personally, I would this is the best and exquisite development that I’ve seen in a long time.

It has everything that a homebuyer can ask for – from well-designed unit layouts, an abundance of amenities nearby, and walking distance to MRT station.

Being located within prime District 10, the price point isn’t really within the “affordable” category. But if you were to compare it with other similar projects or new launches in the same district, you will see why One Holland Village Residences presents itself as a value proposition to the affluent class.

Here are some comparisons made between new projects which are of similar price point or district.

Project Name	Tenure	District	Average PSF
Martin Modern	99-Year Leasehold	9	$2,690
Riviere	99-Year Leasehold	3	$2,897
The Hyde	Freehold	10	$2,892
Fourth Avenue Residences	99-Year Leasehold	10	$2,384
Juniper Hill	Freehold	10	$2,816
NEU at Novena	Freehold	11	$2,605

As glamorous and stunning as the project is, there are still a couple of minor concerns from a neutral point of view.

The area can get really crowded at times

Holland Village is like a little food and entertainment haven. There are many bars, restaurants, and eateries which offer delicious food and drinks within the area.

While that is a good thing for future residents living in One Holland Village Residences, it can also become a problem.

For instance, the streets around Holland Village can be packed with outdoor seating and tons of people standing during dinner hours.

On weekends, you are expected to see lots of people because the street will be closed off to traffic. That is when the individual bars and restaurants will have their tables placed on the street.

It is definitely a fun and lively area for the locals, expatriates, and even tourists. But if you are not into the rowdy lifestyle, living at One Holland Village Residences may just be a nightmare for you.

Lack of potential upside

It’s absolutely fantastic that One Holland Village Residences is located near an MRT station, with tons of amenities nearby, and some of the prominent key nodes such as the one-north Business Park, the Science Park, the NUS campus, and the University Town.

But the problem is that the setup is already there. In other words, whatever dollar you’re paying for a property at One Holland Village Residences, you are paying for whatever convenience or geographically attributes that are already in place.

This region has practically been developed and not many plans in the pipeline which can help with the price appreciation.

As a property owner, your only feasible bet would be leveraging on the unused land plots that are nearby.

You will hope that developers will pay exorbitant prices for them in the future so that it creates an opportunity for you to resell your unit for some profits.

Final word

So, is One Holland Village Residences a good buy?

If you have deep pockets and are looking for a beautiful property to buy, honestly, it may just be the one.

For homebuyers, the convenience and quality that this new launch condo provides are unprecedented. You will never find anything of this scale with a District 10 address.

As for investors, the One Holland Village project is simply amazing.

While the prospect of huge capital gains may look slightly disheartening, this new launch along Holland Road by FEO is still a ‘bang for the buck’ as it has those attributes that will help to draw a lucrative rental yield for you.

Therefore, One Holland Village Residences is definitely a property to consider if you are looking to add it to your startling investment portfolio.

 

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