Four-bedroom unit at One Holland Village Residences sets new high of $3,426 psf
By Hailey Yu
/ EdgeProp Singapore |
(Artist’s impression) The 2,088 sq ft apartment at One Holland Village Residences was sold on Aug 22 for $7.15 million (Credit: Far East Organization)
SINGAPORE (EDGEPROP) - In the week of Aug 22 to 26, the highest transaction recorded on a psf-price basis was for a 2,088 sq ft, four-bedroom unit at One Holland Village Residences. The unit is on the 27th floor of The Quincy Collection, the most exclusive of the three-tiered residential blocks in the integrated development.
The unit fetched more than $7.15 million or an all-time high of $3,426 psf, according to a caveat lodged on Aug 22. In terms of absolute price, the highest was achieved by the sole 3,455 sq ft, five-bedroom penthouse located directly above, on the 28th floor. It fetched $11.4 million ($3,300 psf) in May this year.
The Quincy Collection has just 27 units on the 21st to 28th floor of Block 5 at One Holland Village Residences. Given their orientation, the units have views of the Holland Road Good Class Bungalow (GCB) area. They are a mix of three- and four-bedroom units, with sizes from 1,238 to 3,358 sq ft, and a sole five-bedroom penthouse of 3,455 sq ft. Below the Quincy Collection is the Quincy House with 255 serviced residences, spanning the first 19 floors of the block.
The tallest tower is the 34-storey Sereen Collection at Block 1, with 248 apartments. These are a mix of one- to three-bedroom units, with sizes ranging from 484 to 1,098 sq ft. The shortest of the three blocks is the three-storey Leven Collection at Block 3. It has just 21 units, all two-bedroom apartments of sizes from 947 to 1,087 sq ft. There are only two units at the Leven Collection available for sale to date.
The three collections total 296 units and are part of the $2 billion mixed-use integrated development by a consortium made up of Far East Organization, Sekisui House and Sino Group. Besides the three residential blocks and serviced residences, the mixed-use development has retail, F&B as well as office components. The development is designed by homegrown architectural practice MKPL Architects. It is just a four-minute walk to Holland Village MRT Station on the Circle Line.
One Holland Village Residences is targeted for completion in 4Q2024, while the commercial components (the retail and office zones) are scheduled for completion in 3Q2023.
The prime District 10 development, which is set to rejuvenate Holland Village, is 67% sold to date, since its launch in November 2019. Average price achieved at the 99-year leasehold condo development is $2,748 psf.
Another prime condo that also recorded a new psf-price high is The Inspira, located just off Martin Road in the Robertson Quay neighbourhood of District 9. The freehold development has just 120 units in a single 13-storey block completed in 2009.
A 936 sq ft, two-bedroom apartment on the fifth floor at The Inspira changed hands for $2.3 million or $2,456 psf (Credit: Samuel Isaac Chua/ The Edge Singapore)
A 936 sq ft, two-bedroom apartment on the fifth floor at The Inspira changed hands for $2.3 million or $2,456 psf, based on a caveat lodged on Aug 24. This latest transaction supersedes the previous high of $2,275 psf achieved by an identical unit on the 12th floor that had changed hands for $2.13 million in May this year.
In fact, based on the four transactions recorded at The Inspira to date, three were transacted above $2,200 psf, including the latest at $2,456 psf. The only exception was a 2,185 sq ft penthouse on the 13th floor that went for $3.36 million ($1,538 psf) in February this year.
Still, prices have doubled from the average price of $1,123 psf achieved during the first six months of the project’s launch between September 2006 and March 2007, based on caveats lodged.
Meanwhile, at Mayfair Modern in the Bukit Timah neighbourhood of District 21, a new psf-price high of $2,342 was achieved for the sale of a 797 sq ft, two-bedroom, ground-floor unit. It fetched $1.865 million, according to a caveat lodged on Aug 25.
(Artist’s impression) At Mayfair Modern, a new psf-price high of $2,342 was achieved for the sale of a 797 sq ft, two-bedroom, ground-floor unit (Credit: Oxley Holdings)
The psf price is higher than the $2,313 psf for a 517 sq ft, one-bedroom unit that was sold for $1.195 million in April this year. The one-bedroom unit is located on the sixth floor. The 171-unit, high-end Mayfair Modern is developed by Oxley Holdings and designed by Singapore-based DP Architects.
The 99-year leasehold Mayfair Modern and the neighbouring 215-unit Mayfair Gardens is a redevelopment of the former Mayfair Gardens that was purchased en bloc by Oxley Holdings for $311 million in November 2017. It is located on the quiet Rifle Range Road, just off Dunearn Road and within a five-minute walk to King Albert Park MRT Station on the Downtown Line.
Based on caveats lodged to date, Mayfair Modern is over 98% sold at an average price of $2,037 psf. The project was launched in April 2019. Meanwhile, Mayfair Gardens, which was launched in September 2018, has just two remaining units left for sale. Average price of units sold is $1,957 psf, based on caveats lodged.
There were no psf-price lows recorded for the week.
Check out the latest listings near One Holland Village, Mayfair Modern, The Inspira, Holland Village, Mayfair Gardens, Holland Village MRT Station, King Albert Park MRT Station
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