Rare Holland Village Hdb Shophouse Sale 32 Mil
A rare two-storey HDB shophouse located at 45 Holland Drive is currently on the market for a guide price of $3.2 million. The property, which is situated in the highly sought-after Holland Village area, consists of a ground-floor retail unit and a residential space above, spanning 732 sq ft and 635 sq ft, respectively.
According to Aster See, senior marketing director at ERA Singapore, the current sense of calm in the Holland Village area marks the beginning of an upcoming revitalisation. “Holland Village is on the cusp of a major revival, driven by new developments, increased foot traffic, and long-term infrastructure improvements.”
Conveniently situated between Holland Drive Market & Food Centre and Buona Vista Community Club, the shophouse enjoys high visibility and accessibility on the ground floor. The property is just a short walk from Holland Village MRT Station and attracts a steady flow of foot traffic from surrounding HDB residents, expatriates, and working professionals. Its location next to the bustling Holland Drive Market and Food Centre adds to its appeal, drawing in regular patrons on a daily basis. This built-in consumer base is a major advantage even before the completion of the area’s full revitalisation.
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The recent launch of nearby residential projects, such as Skye at Holland and the Holland Vista Built-To-Order (BTO) development, is bringing in a fresh wave of residents to the area. The newly opened One Holland Village Mall, which offers a variety of F&B options, boutique fitness studios, and service-based businesses, is also contributing to the growing demand for retail and food options in the District 10 area.
The up-and-coming Ghim Moh precinct, which will soon be home to the Ascent and Natura BTO projects, will add another 1,858 residential units to the area. These developments, located just minutes from 45 Holland Drive, are expected to increase the demand for convenient food and retail options in the neighbourhood.
Holland Village’s appeal lies in its unique combination of character and connectivity. With easy access to the city centre and major business hubs like one-north and Buona Vista, Holland Village MRT Station makes this neighbourhood a desirable choice for commuters.
With a limited supply of HDB shophouses, the opportunity to acquire a dual-use HDB shophouse in an evolving area like 45 Holland Drive is a rare one. As demand for such properties grows, potential buyers stand to benefit from both stable rental income and long-term capital appreciation. As the neighbourhood continues to develop with the completion of nearby projects, the demand for these units is expected to become increasingly competitive.
In 2024, DBS put up a portfolio of 46 HDB shops and shophouses for sale via tender, which were previously held by institutions. Close to 20 of these properties were successfully taken up, indicating a strong interest from investors in this type of commercial asset. The listing at 45 Holland Drive now offers individual buyers a rare chance to own a commercial unit, usually held by banks and institutional owners.
For prospective buyers, 45 Holland Drive presents a unique opportunity to acquire a well-positioned commercial asset before it reaches its full potential. “Although it may seem quiet now, that’s exactly why you want to get in,” says See. “Investing now means securing value before prices reflect the area’s resurgence.”
In addition, the property’s second storey offers a spacious walkway. This feature further enhances the property’s appeal and potential for growth.