A rare two-storey HDB shophouse at 45 Holland Drive has been launched for sale with a guide price of $3.2 million. Situated in the sought-after Holland Village enclave, the property features a ground-floor retail unit and a residential space above, spanning 732 sq ft and 635 sq ft, respectively.
Although the Holland Village area may appear quieter at the moment, this sense of calm marks the beginning of a wave of revitalisation, says Aster See, senior marketing director at ERA Singapore. “Holland Village is on the verge of a major revival, driven by new launches, fresh footfall, and long-term infrastructure.”
Situated in between Holland Drive Market & Food Centre and Buona Vista Community Club, the property enjoys optimized traffic flow from both ends. (Photo: Albert Chua/The Edge Singapore)
Located within an established HDB estate, the shophouse enjoys prominent ground-floor visibility and accessibility, just a short walk from Holland Village MRT Station. The area attracts a steady flow of foot traffic from surrounding HDB residents, expatriates, and working professionals. Its location next to the Holland Drive Market and Food Centre further enhances its appeal, drawing steady daily footfall from regular patrons. This provides a built-in consumer base, even ahead of the area’s full revitalisation.
The recent launch of nearby residential projects, including Skye at Holland and the Holland Vista Built-To-Order (BTO) development, also offers a fresh wave of incoming residents into the area. Together with the recent opening of One Holland Village Mall, which provides a curated tenant mix of F&B options, boutique fitness studios and service-based businesses, this corner of District 10 is positioned for renewed footfall and growing retail demand.
Holland Vista BTO cluster with 342 units (launched June 2024). (Photo: Albert Chua/The Edge Singapore)
Adding to the area’s momentum is the launch of the Ascent and Natura BTO projects in the nearby Ghim Moh precinct, which will bring a combined total of 1,858 new homes to the area. Located just minutes from 45 Holland Drive, these developments are set to draw more residents seeking convenient food and retail options.
Holland Village’s appeal lies in its unique blend of character and connectivity. With direct access to the city centre and key business hubs like one-north and Buona Vista, Holland Village MRT Station makes the neighbourhood a convenient choice for commuters.
With HDB shophouses in limited supply, 45 Holland Drive offers a rare chance to acquire a dual-use HDB shophouse in an area transforming. As demand starts to build, potential buyers stand to benefit from both stable rental income with strong long-term capital appreciation. As the area evolves with the completion of nearby developments, demand for such units is set to grow more competitive.
Second storey of the shophouse with spacious walkway. (Photo: Albert Chua/The Edge Singapore)
In 2024, DBS released a portfolio of 46 HDB shops and shophouses — assets usually held by institutions — for sale via tender. Close to 20 were successfully taken up, highlighting strong investor interest in such properties. The listing at 45 Holland Drive now presents individual buyers with rare access to a commercial unit type, which is typically tightly held by banks and institutional owners.
For prospective buyers, 45 Holland Drive presents an opportunity to secure a well-positioned commercial asset ahead of the curve. “It may seem quiet now, but that’s exactly why you want in,” says See. “Getting in now means locking in value before prices reflect the resurgence.”
