A mall set to be built in the heart of the leafy Holland Village could make the charming enclave even more vibrant and popular.
But businesses are concerned about disruptions in the interim and the possibility of higher rents - and some residents want to preserve the complexion of the place.
The popular expatriate haunt was earmarked as an identity node - a well-loved area with distinctive character - in the Government's Master Plan 2014.
Plans to build a mixed-use project as part of the Holland Village Extension Plan are gaining pace, with a 2.31ha land parcel released on the confirmed list of the Government Land Sales Programme on Tuesday.
The new development, which could rise 11-storeys, will be built on the site of the carpark behind Holland Village Market and Food Centre and former Housing Board flats. The carpark will be closed by the second half of next year for construction to begin.
Many who visit the area for its cafes and watering holes have already complained of parking woes, business owners told The Straits Times.
Despite the opening of a Circle Line MRT station, most customers live in nearby estates and prefer to drive, said fashion retailer Ms Ling, who is in her 30s.
"Some prefer not to fight for a parking space before dinner and go to Dempsey instead, where parking is free," she said.
Although a temporary carpark will be built before the new project's underground carpark is ready, business owners are unsure whether that will be enough.