Why Should I Buy an Executive Condo in Holland Village Singapore?

Are You Searching for an Executive Condo to Purchase in a Favored Neighborhood or Planning to Invest in Property? Purchasing an executive condo could be the perfect decision for you – here is everything you should know!

Buyers of an Executive Condominium (EC) must occupy their unit for at least five years before selling it on to either Singaporeans or permanent residents.

1. Lower Upfront Costs

If you want a high-end property in Holland Village but cannot afford private condo prices, executive condominiums (EC) might be your perfect solution. They provide all the amenities and benefits of owning private property while being more cost effective – enjoy it all while getting it at a lower cost!

For the first 10 years of their ownership, ECs are treated as public housing under certain regulations from the Housing and Development Board (HDB). After this timeframe is up, they become fully private property.

There are a few ECs near Holland Village MRT Station that are easily walkable; these include Mooi with 24 units, and Van Holland with only 230 metres to walk (4 minutes’ walk). While Mooi may offer more efficient layout, some people consider Van Holland more spacious.

2. Amenities

Holland Village is an increasingly attractive choice for expats to reside, thanks to its bohemian vibes that offer pleasant strolls and social interactions. One of the most exciting new developments nearby is Holland Village Residences; an integrated development with an exclusive feel. Their showflat ID design exudes Muji/Monocle vibes, making this development targeted towards niche markets rather than standard new launch condos catering to broader audiences.

Holland Village MRT Station provides commuters with easy access to other parts of Singapore, while also being served by various bus routes, within 20-minute drive from Tanglin Mall and Orchard Road. Families looking for school options should also note this location, with several pre-schools and kindergartens within one kilometre radius; those preferring their own car can use Ayer Rajah Expressway and Central Expressway for smooth transport around town.

3. Potential for Appreciation

The main attraction of the project lies in its close proximity to Holland Village MRT – making for an easy commute for many working professionals. Furthermore, this development features one and two bedroom units suitable for investors or tenants.

ECs offer higher capital appreciation than private condos due to being eligible for resale after five years MOP by both Singaporeans and PR alike, with similar facilities as full-fledged private condominiums providing decent rental yields.

One Holland Village Residences currently is priced well above its immediate neighbours and other key-location integrated developments, creating a challenge for buyers who prefer larger launches over boutique condos; however, the average quantum still ranks lower than most new launches.

4. Restrictions

Holland Village boasts a charming European atmosphere that draws both expats and locals. However, this neighbourhood may not suit everyone; prices tend to be more costly compared to other parts of Singapore, and during holidays it can become overcrowded with visitors.

People with small families should consider smaller developments like Mooi, with only 24 units and three-minute access to Holland Village MRT station. Situated on the fringes of Holland Village, Mooi features an efficient design despite its small size.

Hyll on Holland is another option nearby Holland Village MRT Station that features freehold condo units with two-bedroom units that may appeal to landlords, while new launches nearby may entice tenants away from Hyll. Furthermore, owners have to occupy it themselves for at least ten years prior to selling to Singaporeans or permanent residents for at least five of those years.