New developer sales at Leedon Green continue to push up psf rates at the property condo. The newest to set a new high was a 700 sq ft, two-bedroom system on the seventh floor that was negotiated for $3,081 psf or $2.16 million on June 27. A 1,389 sq feet, three-bedroom unit brought $2,513 psf or $3.49 million on June 28. This is greater than the previous document established by the sale of a 474 sq ft, one-bedroom system for $1.16 million ($2,449 psf) in March 2018.
Next to Nomu is the upcoming Haus on Handy where 2 surrounding one-bedroom devices were cost rates that set a new reduced for the advancement. Both 527 sq ft devices were cost rates of $1.47 million ($2,571 psf) each, according to caveats lodged at the end of June.
An artist impact of the upcoming Haus on Handy, which saw a new record low of $2,571 psf.
The 638-unit Leedon Green is jointly established by MCL Land and also Yanlord Land. The growth is located at Leedon Heights in prime District 10. It comprises 7 12-storey blocks, with one- to four-bedroom systems of 474 to 2,680 sq ft.
New designer sales at Leedon Green remain to rise psf rates at the property apartment. The current to establish a brand-new high was a 700 sq ft, two-bedroom system on the 7th floor that was negotiated for $3,081 psf or $2.16 million on June 27. This is likewise the highest possible psf price amongst all apartments for the week of June 24 to 30.
A Tengah Plantation Close EC brand-new psf-price high was additionally attained at Nomu, a shop 50-unit advancement 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 document set by the sale of a 474 sq ft, one-bedroom device for $1.16 million ($2,449 psf) in March 2018.
Based on URA cautions until now this year, purchasers have been snapping up devices at Leedon Green given that it was introduced in January 2020. At the beginning of this year, the condominium had a collective take-up price of 51.3%, which has actually expanded to 61.3% since May. The programmer sold near 100 devices over the past 6 months.
When Haus on Handy was launched in July 2019, its sales weekend break on July 6 and 7 saw units sold for between $2,830 psf as well as $2,904 psf. Based on URA caveats, the last time a device at Haus on Handy fetched more than $2,800 psf was in November 2020 when a 743 sq ft, two-bedroom device was marketed for $2.09 million ($2,818 psf).
Next to Nomu is the upcoming Haus on Handy, which incidentally is the only apartment to set a brand-new psf price reduced during the week.
Based on cautions over the past 12 months, the average market price at the condo is about $2,660 psf. The 188-unit advancement has actually seen its take-up price rise since the begin of the year, from a collective take-up price of 26% in January to 52% since May.
The current resale at Nomu is the only system to have changed hands thus far this year. In 2015, just 3 units were sold on the additional 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.
The previous document at Leedon Green, which had actually been set on June 18, was for a 614 sq ft, two-bedroom system on the 9th floor that was sold for $1.87 million ($3,049 psf). This deal was reported by EdgeProp Singapore on June 30.
This is partially less than the previous record low, which included the sale of a 603 sq ft, two-bedroom unit for $1.56 million ($2,588 psf) on March 7.
This durable rate of sales has led the document psf rate at the condominium to boost from $2,934 psf for a 1,044 sq ft unit sold on March 8 this year, to the new document of $3,081 psf on June 27.
Nomu is one of five boutique growths along Handy Road. Next to Nomu is the upcoming Haus on Handy, which incidentally is the only condominium to set a new psf cost reduced during the week.