Soil water holding capacities (SWHCs) are among the most important factors for understanding the water cycle in forested catchments because they control available plant water that supports evapotranspiration. The direct determination of SWHCs, however, is time consuming and expensive, so many pedotransfer functions (PTFs) and digital soil mapping (DSM) models have been developed for predicting SWHCs. Thus, it is important to select the correct soil properties, topographies, and environmental features when developing a prediction model, as well as to understand the interrelationships among variables. In this study, we collected soil samples at 971 forest sites and developed PTF and DSM models for predicting three kinds of SWHCs: saturated water content (θS) and water content at pF1.8 and pF2.7 (θ1.8 and θ2.7). Important explanatory variables for SWHC prediction were selected from two variable importance analyses. Correlation matrix and sensitivity analysis based on the developed models showed that, as the matric suction changed, the soil physical and chemical properties that influence the SWHCs changed, i.e., soil structure rather than soil particle distribution at θS, coarse soil particles at θ1.8, and finer soil particle at θ2.7. In addition, organic matter had a considerable influence on all SWHCs. Among the topographic features, elevation was the most influential, and it was closely related to the geological variability of bedrock and soil properties. Aspect was highly related to vegetation, confirming that it was an important variable for DSM modeling. Information about important variables and their interrelationship can be used to strengthen PTFs and DSM models for future research.