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

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

New programmer sales at Leedon Green continue to push up psf rates at the estate condominium. The newest to set a brand-new high was a 700 sq feet, two-bedroom device on the 7th flooring that was transacted for $3,081 psf or $2.16 million on June 27. A 1,389 sq ft, three-bedroom system brought $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 device for $1.16 million ($2,449 psf) in March 2018.

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

Based on URA caveats so far this year, buyers have customers have actually up breaking at Leedon Green since environment-friendly given that launched in January 2020. The designer sold close to 100 units over the previous 6 months.

A brand-new psf-price high was additionally achieved 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 higher than the previous record set by the sale of a 474 sq ft, one-bedroom device for $1.16 million ($2,449 psf) in March 2018.

Sant Ritz Floor Plan

Based on caveats over the past 12 months, the ordinary market price at the apartment is about $2,660 psf. The 188-unit growth has actually 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.

Nomu is one of 5 shop advancements along Handy Road. Next to Nomu is the upcoming Haus on Handy, which incidentally is the only condominium to establish a new psf rate low throughout the week.

Alongside Nomu is the upcoming Haus on Handy where 2 nearby one-bedroom units were sold at costs that establish a new low for the development. Both 527 sq ft devices were sold at costs of $1.47 million ($2,571 psf) each, according to cautions lodged at the end of June.

Following to Nomu is the upcoming Haus on Handy, which by the way is the only apartment to set a brand-new psf cost reduced during the week.

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

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

New developer sales at Leedon Green continue to raise psf prices at the estate condominium. The most up to date to set a brand-new high was a 700 sq ft, two-bedroom device on the 7th floor that was transacted for $3,081 psf or $2.16 million on June 27. This is additionally the highest possible psf price among all condos for the week of June 24 to 30.

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

The latest resale at Nomu is the only system to have changed hands until now this year. Last year, only 3 units were sold on the secondary 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 unit on Dec 9.

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 9th floor that was cost $1.87 million ($3,049 psf). This deal was reported by EdgeProp Singapore on June 30.

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