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

A musician perception of the upcoming Haus on Handy, which saw a new record low of $2,571 psf.

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

New designer sales at Leedon Green proceed to press up psf prices at the property condo. The newest to set a new high was a 700 sq feet, two-bedroom unit on the 7th floor that was negotiated for $3,081 psf or $2.16 million on June 27. A 1,389 sq feet, three-bedroom device fetched $2,513 psf or $3.49 million on June 28. This is greater than the previous document set by the sale of a 474 sq feet, one-bedroom system for $1.16 million ($2,449 psf) in March 2018.

Based on URA caveats so cautions this year, buyers have purchasers snapping up units at Leedon Green since it was launched in January 2020. The designer sold close to 100 devices over the past 6 months.

Next to Nomu is the upcoming Haus on Handy where two adjacent one-bedroom units were cost prices that establish a brand-new low for the development. Both 527 sq ft units were cost costs of $1.47 million ($2,571 psf) each, according to caveats lodged at the end of June.

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

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

Following to Nomu is the upcoming Haus on Handy, which incidentally is the only condo to establish a new psf rate reduced throughout the week.

The current resale at Nomu is the only system to have actually changed hands so far this year. In 2014, only 3 units were sold on the second market at rates 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 device on Dec 9.

Based on cautions over the past 12 months, the ordinary asking price at the condominium is about $2,660 psf. The 188-unit growth has actually seen its take-up price increase considering that the beginning of the year, from a collective take-up price of 26% in January to 52% as of May.

This is marginally lower 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.

Bellewaters

It consists of 7 12-storey blocks, with one- to four-bedroom units of 474 to 2,680 sq ft.

New programmer sales at Leedon Green remain to rise psf rates at the freehold apartment. The latest to set a brand-new high was a 700 sq ft, two-bedroom device on the seventh floor that was transacted for $3,081 psf or $2.16 million on June 27. This is additionally the highest possible psf cost among all condos for the week of June 24 to 30.

Nomu is just one of five store advancements along Handy Road. At one end of the road are the 76-unit Cathay Residences and also the 20-unit The Lux, which were both finished in 2007, followed by Nomu which was finished in 2009. Beside Nomu is the upcoming Haus on Handy, which by the way is the only apartment to establish a brand-new psf cost low throughout the week. There is the 118-unit Suites at Orchard, which was finished in 2014.

When Haus on Handy was released in July 2019, its sales weekend on July 6 and 7 saw units cost between $2,830 psf as well as $2,904 psf. Nonetheless, based upon URA cautions, the last time a device at Haus on Handy brought greater than $2,800 psf was in November 2020 when a 743 sq ft, two-bedroom unit was sold for $2.09 million ($2,818 psf).

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