During the week of February 16 to 21, a three-bedroom unit at One Holland Village Residences set a new record psf-price high for private condos. The 1,238 sq ft unit on the 25th floor sold for $4.68 million, or $3,781 psf, on February 17. This marks the first sale at the 99-year leasehold development this year.
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The sellers of the unit had bought it from the developer for around $4.19 million, or $3,385 psf, in November 2023. This means they made a profit of approximately $490,000. The latest transaction surpasses the project’s previous record of $3,426 psf from the developer’s sale of a 2,088 sq ft, four-bedroom unit for $7.15 million in August 2022.
One Holland Village Residences is a 296-unit development along Holland Village Way which was launched in 2019. It comprises of 62 one-bedroom units, 145 two-bedroom units, 76 three-bedroom units, nine four-bedroom units, and four five-bedroom units. The remaining units have been fully sold, with the most expensive unit transacted at $11.4 million ($3,300 psf).
On February 21, boutique condo Hill House set a new record psf-price of $3,402 when a 452 sq ft, two-bedroom unit was sold for $1.538 million. This comes four days after Hill House set a record of $3,398 psf for the sale of another 452 sq ft, two-bedroom unit.
Located in District 9, Hill House is a 999-year leasehold boutique condo comprising of 40 one-bedroom units, 24 two-bedroom units, and eight three-bedroom units. A total of nine units have been sold since the start of the year at an average price of $3,213 psf.
The week also saw a new psf-price high at Chuan Park in District 19, where a 732 sq ft, two-bedroom unit was sold for $2.04 million, or $2,785 psf, on February 19. This narrowly beat the previous record of $2,765 psf set in November 2023 when a 743 sq ft, two-bedroom unit was sold for $2.05 million.
Chuan Park is a 916-unit development comprising of two- to five-bedroom units from 700 sq ft to 1,841 sq ft. Since its launch in November 2024, 744 units have been sold at an average price of $2,589 psf. The 99-year leasehold development is set to be completed in 2028.