Located in One Holland Village, a 99-year leasehold development, a three-bedroom unit has set a new record by achieving the highest psf-price from Feb 16 to 21. The unit, spanning over 1,238 sq ft, was sold at $3,781 psf on Feb 17 for a whopping $4.68 million. This is the first transaction at One Holland Village Residences this year and it has surpassed the development’s previous record of $3,426 psf. The sellers of this 25th-floor unit had initially bought it from the developer for $4.19 million or $3,385 psf in November 2023, making a profit of approximately $490,000.
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With a total of 296 units launched in 2019, One Holland Village Residences is a 99-year leasehold development located along Holland Village Way. The condo comprises of 62 one-bedroom units, 145 two-bedroom units, 76 three-bedroom units, nine four-bedroom units and four five-bedroom units. The most expensive apartment at the development was sold at $3,300 psf- a 3,455 sq ft, five-bedroom apartment. As per URA caveats, all units at the development have been sold, with the recent transaction taking place in November 2023. The development is 4-minute walk from Holland Village MRT Station and is close to lifestyle hub, One Holland Village.
The second highest psf-price was achieved by boutique condo, Hill House, during the same period. Located at Institution Hill, off River Valley Road, the development saw a new record of $3,402 psf on Feb 21 when a 452 sq ft, two-bedroom unit on the ninth floor was sold for $1.538 million. This comes four days after a similar 452 sq ft, two-bedroom unit was sold for $1.536 million, making it the first and second highest psf-price respectively.
Hill House is a 999-year leasehold boutique condo in District 9 that includes 40 one-bedroom units, 24 two-bedroom units and eight three-bedroom apartments. The development is still under construction and is expected to be completed in 3Q2026. Including the recent transaction, a total of nine units have been sold at Hill House this year at an average price of $3,213 psf. The condo is located close to River Valley Primary School and is in proximity to shopping malls such as New Bahru.
Another development that has set a new psf-price record is Chuan Park at Lorong Chuan. A 732 sq ft, two-bedroom apartment on the 20th floor was recently sold for $2.04 million ($2,785 psf) on Feb 19, surpassing its previous record of $2,765 psf from a similar 743 sq ft, two-bedroom unit sold in November last year. The 916-unit development has sold 744 units (81%) at an average price of $2,589 psf since its launch in November 2024. Slated for completion in 2028, the 99-year leasehold development is located near Lorong Chuan MRT Station on the Circle Line and is just three minutes away from Nanyang Junior College.