Something’s going down around the Holland Village area, and for once it’s not a row with a hawker over their impossible prawn mee prices. Long known as a pricey expat enclave, we’ve also begun to see surprising HDB transactions in the area. In May this year, a five room flat at Holland Drive sold for $968,000, or about $769 per square foot. Earlier in April, another unit in the area fetched a price of $945,000. This is exceptional, given that Singapore’s property market is currently in a downturn. Why could this be happening?