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

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

Kensington Square Condo

New developer sales at Leedon Green continue to press up psf rates at the freehold condo. The most recent to establish a brand-new high was a 700 sq feet, two-bedroom device on the seventh flooring that was transacted for $3,081 psf or $2.16 million on June 27. A 1,389 sq feet, three-bedroom unit fetched $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 system for $1.16 million ($2,449 psf) in March 2018.

An artist impression of the upcoming Haus on Handy, which saw a brand-new record low of $2,571 psf.

New designer sales at Leedon Green continue to rise psf costs at the freehold apartment. The most recent to set a new high was a 700 sq ft, two-bedroom system on the seventh flooring that was transacted for $3,081 psf or $2.16 million on June 27. This is additionally the highest psf cost amongst all apartments for the week of June 24 to 30.

Next to Nomu is the upcoming Haus on Handy, which by the way is the only condominium to set a brand-new psf cost low throughout the week.

A new psf-price high was likewise accomplished at Nomu, a store 50-unit growth 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 greater 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.

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

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

Based on URA caveats so far this year, buyers have customers have actually up units at Leedon Green since eco-friendly because launched in January 2020. The developer offered close to 100 systems over the previous six months.

The latest resale at Nomu is the only system to have changed hands until now this year. In 2014, just 3 devices were sold on the second market at costs 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.

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 and also $2,904 psf. However, based on URA caveats, the last time an unit at Haus on Handy fetched more 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).

Based upon caveats over the past 12 months, the ordinary market price at the condo is about $2,660 psf. The 188-unit development has actually seen its take-up rate rise considering that the begin of the year, from a cumulative take-up price of 26% in January to 52% since May.

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

This durable speed of sales has led the document psf rate at the apartment to raise 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.

Nomu is one of 5 shop growths 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 completed in 2007, complied with by Nomu which was finished in 2009. Alongside Nomu is the upcoming Haus on Handy, which incidentally is the only apartment to establish a new psf price reduced during the week. There is the 118-unit Suites at Orchard, which was completed in 2014.

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

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