Prices · Queenstown · Holland Drive
Block 18B Holland Drive
Compare this block with another
What this block is
| Address | Block 18B Holland Drive, Queenstown |
| Flat types here | 3-room, 4-room — on the evidence of 32 sales since March 2017, so a type that has never been resold here will not appear |
| Unit sizes | 3-room about 721 sq ft, 4-room about 936 sq ft (721 to 936 sq ft across the block) |
| Lease | 99 years from 2012, expiring 2111 — 85 years left |
| Floors that have sold | 1 to 36, so the block stands at least 36 storeys |
| Flat models | Model A |
| Town and district | Queenstown |
| Compare it with | the rest of Holland Drive, 3-room flats across Queenstown |
Two things this page deliberately does not have. There is no floor plan: the resale register carries none, and drawing one from the median floor area would be an invention. And there is no nearest station, for the same reason — no rail data is published here, so the distance would be guessed. What is near this block, measured rather than assumed, is the food: hawker centres within a walk.
What a flat here really costs each month
Bought at the median price, a flat in this block works out at $1,624 for every month of the 85 years its lease still has to run. That figure takes in the price itself, both stamp duties, legal and valuation fees, the whole of the mortgage interest and the running costs for as long as the lease lasts.
It is a different question from the monthly instalment, which stops after 25 years while the lease carries on being used up.
| Cash needed up front | $266,020 |
| Mortgage interest over 25 years | $303,979 |
| Running costs over the remaining lease | $367,200 |
| Total over the lease | $1,656,449 |
| Monthly while repaying | $3,771 |
| Monthly once repaid | $360 |
Assumes a Singapore citizen buying a first home with a 75 per cent loan at 3 per cent over 25 years, $2,500 in legal fees, $400 for valuation, $1,200 a year in property tax and $260 a month for conservancy, upkeep and insurance. Change any of these. Figures are not discounted: a dollar paid in the final year of the lease is counted the same as a dollar paid today. Opportunity cost, CPF accrued interest and any resale value are excluded.
The median above is based on just four sales, which is too few to call a market rate.
By flat type
| Type | Median | Range | Size | psf | Sales |
|---|---|---|---|---|---|
| 3-room | $590,500 | $480,000–$900,000 | 721 sq ft | 819 | 16 |
| 4-room | $842,500 | $730,000–$1,260,000 | 936 sq ft | 894 | 16 |
By floor
Measured inside a block, where the address, the age and the lease are all held still, a storey is worth about 0.63 per cent of the price per square foot — so the difference between the second floor and the twentieth is roughly 11 per cent, not the 2.1 times the market-wide storey bands appear to show. Why those bands mislead.
| 01 to 03 | $583,000 | 808 psf | 3 |
| 04 to 06 | $606,500 | 807 psf | 6 |
| 07 to 09 | $730,000 | 780 psf | 5 |
| 10 to 12 | $495,000 | 686 psf | 3 |
| 13 to 15 | $905,000 | 966 psf | 2 |
| 16 to 18 | $840,000 | 897 psf | 1 |
| 19 to 21 | $1,020,000 | 1089 psf | 1 |
| 22 to 24 | $888,000 | 1231 psf | 1 |
| 25 to 27 | $853,000 | 1054 psf | 4 |
| 28 to 30 | $930,000 | 1098 psf | 2 |
| 31 to 33 | $860,444 | 1027 psf | 2 |
| 34 to 36 | $741,500 | 870 psf | 2 |
Year by year
| 2017 | $545,000 | 756 psf | five sales |
| 2018 | $697,500 | 850 psf | six sales |
| 2019 | $543,000 | 753 psf | one sale |
| 2020 | $530,000 | 735 psf | one sale |
| 2021 | $882,888 | 892 psf | one sale |
| 2022 | $590,500 | 819 psf | four sales |
| 2023 | $840,000 | 897 psf | three sales |
| 2024 | $863,000 | 1055 psf | four sales |
| 2025 | $1,019,000 | 1117 psf | six sales |
| 2026 | $900,000 | 1248 psf | one sale |
32 transactions in all, from March 2017 to Sept 2026. The flat models recorded here are Model A.