Jul 15

Robust sales at Leedon Green continue to push up prices; new high at $3,081 psf

When Haus on Handy was launched in July 2019, its sales weekend break on July 6 and 7 saw systems cost between $2,830 psf as well as $2,904 psf. Based on URA caveats, the last time a device at Haus on Handy brought even more than $2,800 psf was in November 2020 when a 743 sq feet, two-bedroom device was marketed for $2.09 million ($2,818 psf).

An artist impact of the upcoming Haus on Handy, which saw a new record low of $2,571 psf.

Nomu is one of 5 boutique advancements along Handy Road. Following to Nomu is the upcoming Haus on Handy, which by the way is the only condo to establish a new psf cost low throughout the week.

Based on URA cautions up until now this year, customers have actually been snapping up devices at Leedon Green because it was introduced in January 2020. At the beginning of this year, the condominium had a cumulative take-up rate of 51.3%, which has actually grown to 61.3% since May. The designer marketed near to 100 devices over the past 6 months.

New designer sales at Leedon Green proceed to press up psf rates at the property apartment. The most recent to establish a new high was a 700 sq feet, two-bedroom device on Hillhaven Condo Far East the seventh floor that was transacted for $3,081 psf or $2.16 million on June 27. A 1,389 sq ft, three-bedroom unit fetched $2,513 psf or $3.49 million on June 28. This is higher than the previous document established by the sale of a 474 sq ft, one-bedroom unit for $1.16 million ($2,449 psf) in March 2018.

Forestville location

This robust pace of sales has led the document psf cost at the apartment to increase from $2,934 psf for a 1,044 sq ft system sold on March 8 this year, to the new record of $3,081 psf on June 27.

The previous record at Leedon Green, which had actually been set on June 18, was for a 614 sq ft, two-bedroom unit on the ninth floor that was sold for $1.87 million ($3,049 psf). This deal was reported by EdgeProp Singapore on June 30.

New programmer sales at Leedon Green remain to raise psf costs at the property apartment. The current to establish a new high was a 700 sq ft, two-bedroom unit on the seventh floor that was negotiated for $3,081 psf or $2.16 million on June 27. This is likewise the highest psf price among all condominiums for the week of June 24 to 30.

Beside Nomu is the upcoming Haus on Handy where two nearby one-bedroom devices were cost rates that set a brand-new reduced for the advancement. Both 527 sq ft systems were cost prices of $1.47 million ($2,571 psf) each, according to caveats lodged at the end of June.

The most recent resale at Nomu is the only system to have transformed hands until now this year. Zion Road Condo Last year, just three systems were sold on the secondary market at costs from $1.11 million ($2,344 psf) for a 474 sq ft, one bedder on April 16, to $2.3 million ($2,075 psf) for a 1,109 sq ft, two-bedroom-plus-study system on Dec 9.

Following to Nomu is the upcoming Haus on Handy, which by the way is the only apartment to establish a brand-new psf rate low throughout the week.

This is partially less than the previous record low, which included the sale of a 603 sq ft, two-bedroom device for $1.56 million ($2,588 psf) on March 7.

A new psf-price high was likewise accomplished at Nomu, a store 50-unit development along Handy Road in Dhoby Ghaut in prime District 9. A 1,389 sq ft, three-bedroom system brought $2,513 psf or $3.49 million on June 28. This is greater than the previous record set by the sale of a 474 sq ft, one-bedroom system for $1.16 million ($2,449 psf) in March 2018.

Based upon cautions over the past 12 months, the ordinary selling price at the condo is about $2,660 psf. The 188-unit advancement has seen its take-up price increase since the begin of the year, from a collective take-up rate of 26% in January to 52% since May.

The 638-unit Leedon Green is collectively created by MCL Land and also Yanlord Land. The advancement lies at Leedon Heights in prime District 10. It makes up 7 12-storey blocks, with one- to four-bedroom systems of 474 to 2,680 sq ft.

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