Van Holland Review: Is Freehold Tenure the Key to Long-Term Value?

Three Main Takeaways:

1. Van Holland offers a luxurious living experience with unique design features and a prime location in District 10.
2. The condominium boasts impressive facilities, including two swimming pools, a rock-climbing wall, and a 10-meter high waterfall at the drop-off area.
3. While the price point is on the higher end, the exclusivity, amenities, and proximity to Holland Village make Van Holland a desirable residential option.

Project Details:

Floor Plans:

Van Holland offers a variety of unit types, including 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom options. Each unit is meticulously designed with high-quality finishes and spacious layouts to cater to different lifestyle needs.

Unit Mix:

Site Plan:

Price Range & PSF:

• Average Price: $2,836 psf
• Total Residential Units: 69

Van Holland

Urban Living with Impeccable Design

In urban environments, the fusion of functionality and aesthetics is crucial for creating living spaces that are both practical and visually appealing. Impeccable design principles play a key role in optimizing the layout and utilization of space in urban dwellings.

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Pricing Comparison with Nearby Condominiums:

Van Holland

• Price Range (Sale): $1.36M to $5.54M ($2,485 to $3,239 psf)
• Price Range (Rent): $4,300 to $12,750 per month
• Average Price (psf): $2,863
• Unit Types: 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom
• Completion Date: 2023
• Tenure: Freehold

Nearby Condominiums

Hyll on Holland

• Price Range (Sale): $1.64M to $2.88M ($2,107 to $2,959 psf)
• Price Range (Rent): Not specified
• Average Price (psf): Approximately $2,500 to $2,900
• Unit Types: 2-bedroom, 3-bedroom
• Completion Date: 2025
• Tenure: Freehold

One Holland Village Residences

• Price Range (Sale): $1.55M to $2.35M ($2,944 to $3,202 psf)
• Price Range (Rent): Not specified
• Average Price (psf): Approximately $3,000
• Unit Types: 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom
• Completion Date: 2024
• Tenure: 99 years leasehold

15 Holland Hill

• Price Range (Sale): $8.15M ($3,537 psf)
• Price Range (Rent): Not specified
• Average Price (psf): $3,537
• Unit Types: 4-bedroom
• Completion Date: 2022
• Tenure: Freehold

The Ford @ Holland

• Price Range (Sale): $1.10M to $2.00M ($2,041 to $2,174 psf)
• Price Range (Rent): Not specified
• Average Price (psf): Approximately $2,100
• Unit Types: 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom
• Completion Date: 2009
• Tenure: Freehold

Van Holland is positioned as a high-end boutique luxury condominium with a competitive price range in the prime District 10 area. Its average price per square foot (psf) is comparable to other luxury developments in the vicinity, such as Hyll on Holland and One Holland Village Residences. However, Van Holland offers a unique combination of freehold tenure, exclusive amenities, and proximity to Holland Village MRT, which may justify its pricing for potential buyers seeking a premium living experience.

Van Holland’s strategic location and luxurious offerings make it an attractive option for discerning buyers. The freehold status is a significant advantage over leasehold properties like One Holland Village Residences. Additionally, the mix of unit types allows for flexibility in catering to different buyer needs, from singles and couples to families. The emphasis on delivering a premium lifestyle is evident in every aspect of Van Holland, promising residents not just a home but an elevated living experience.

Transport & Location:

Van Holland is an exceptional residential development that offers residents unparalleled convenience and connectivity. Situated in the heart of Holland Village, it provides easy access to various parts of Singapore, making it an ideal choice for those seeking a luxurious lifestyle in a prime location.

Connectivity

Van Holland is exceptionally well-connected, offering residents seamless access to various parts of Singapore:

• MRT Access: The development is just a 3-minute sheltered walk to Holland Village MRT Station on the Circle Line, providing direct routes to key areas such as HarbourFront, Marina Bay, and the Central Business District (CBD).
• Bus Services: There is a bus stop located just outside the condominium, offering direct services to Orchard Road, Botanic Gardens, and Dempsey Hill.
• Driving: For those who drive, Van Holland is conveniently linked to major roads such as Farrer Road and Queensway, and expressways like the Pan Island Expressway (PIE) and Ayer Rajah Expressway (AYE), facilitating easy access to the rest of Singapore.

Nearby Amenities

Van Holland benefits from its prime location in the vibrant Holland Village area, which offers a plethora of amenities:

• Shopping & Dining: Holland Village is known for its eclectic mix of dining options, cafes, bars, and retail shops. Residents can enjoy a variety of culinary delights and shopping experiences just a short walk away.
• Supermarkets: Nearby supermarkets include Cold Storage, NTUC Fairprice, and Market Place, ensuring that residents have convenient access to daily necessities.
• Banks & Services: Major banks and essential services are well-represented in Holland Village, making it a one-stop location for various needs.

Proximity to Key Locations

Van Holland is strategically situated near several important hubs and attractions:

• One North Business Centre: Located adjacent to North Buona Vista Road, this business hub is just a short drive away, making it convenient for professionals working in the area.
• Educational Institutions: The development is close to renowned schools such as Anglo-Chinese Junior College, Hwa Chong Institution, and Nanyang Girls’ High School, making it an ideal choice for families.
• Recreational Spots: Residents can easily access recreational areas like the Singapore Botanic Gardens, Dempsey Hill, and Orchard Road, all of which are within a short drive.

Van Holland offers unparalleled convenience and connectivity, making it an attractive option for those seeking a luxurious lifestyle in a prime location. With its close proximity to Holland Village MRT, major roads, and a wide range of amenities, residents can enjoy both the vibrant atmosphere of Holland Village and the tranquility of a well-designed residential enclave.

Developer Reputation:

Koh Brothers has a strong reputation in the real estate industry, known for their quality developments and attention to detail. The developer’s commitment to unique design features and luxurious finishes is evident in Van Holland.

Investment Potential:

Van Holland stands out as a boutique luxury development with freehold tenure, located in the vibrant Holland Village. This article evaluates its investment potential by examining its pros and cons, price appreciation, rental yield, comparative analysis, and future growth prospects.

Pros & Cons

Pros

1. Freehold Tenure: Van Holland offers freehold tenure, providing perpetual ownership which is highly sought after in Singapore.
2. Prime Location: Positioned in District 10, it is a short walk from Holland Village MRT, ensuring excellent connectivity and access to a wide array of dining, shopping, and entertainment options.
3. Boutique Luxury: With only 69 units, Van Holland ensures exclusivity and privacy, appealing to high-net-worth individuals and expatriates.
4. High-Quality Finishes: The development features premium fittings like bookmatched Italian marble tiles, enhancing its appeal to discerning buyers.
5. Strong Rental Demand: Proximity to One-North Business Park and reputable schools makes it attractive for expatriates and professionals, ensuring steady rental demand.

Cons

1. High Price Point: Van Holland’s price per square foot (psf) is relatively high compared to nearby developments, potentially limiting its appeal to budget-conscious investors.
2. Limited Facilities: As a boutique development, it offers fewer facilities compared to larger condominiums, which might be a drawback for some potential tenants or buyers.
3. Noise Issues: The busy location near Holland Village could result in noise issues, potentially deterring some residents.
4. Market Saturation: The Holland area has several new and upcoming developments, increasing competition which could affect rental yields and resale values.

Key Factors to Consider

Price Appreciation

• Historical Performance: Van Holland was developed on the site of the former Toho Mansion, which was purchased at a high land rate. This has influenced its launch prices. However, its freehold status and prime location provide a strong foundation for future price appreciation.
• Market Trends: Significant en bloc activities and new launches in the Holland area indicate a potential for future price growth as the area continues to develop and mature.

Rental Yield

• Current Rental Rates: Rental rates range from $4,300 to $12,750 per month, depending on the unit type. This suggests competitive rental yields given its prime location and high-quality finishes.
• Tenant Demographics: The development is likely to attract expatriates and professionals working in nearby business hubs, ensuring steady rental demand.

Comparative Analysis

• Hyll on Holland: Offers a lower average psf price ($2,107 to $2,959) but lacks the same level of exclusivity and boutique appeal as Van Holland.
• One Holland Village Residences: A 99-year leasehold development with a similar price range but offers more extensive facilities and commercial spaces, appealing to those seeking convenience and a vibrant lifestyle.
• 15 Holland Hill: Commands a higher psf price ($3,537) and targets ultra-luxury buyers, making it less competitive for mid-range investors.

Future Growth

• Urban Redevelopment Authority (URA) Plans: Future developments in the Holland area, such as new amenities and improved infrastructure, are likely to enhance the attractiveness and value of properties in the vicinity.
• Limited New Supply: With few new freehold developments expected in the area, Van Holland’s exclusivity and freehold status may drive future demand and price appreciation.

Conclusion

Van Holland presents a compelling investment opportunity for those seeking a luxury, freehold property in a prime location. Its exclusivity, high-quality finishes, and strong rental demand make it an attractive option. However, potential investors should weigh the high price point and limited facilities against the long-term benefits of owning a freehold property in a sought-after area.