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

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 cost $1.87 million ($3,049 psf). This purchase was reported by EdgeProp Singapore on June 30.

Nomu is one of five boutique growths along Handy Road. At one end of the road are the 76-unit Cathay Residences and the 20-unit The Lux, which were both finished in 2007, followed by Nomu which was completed in 2009. Beside Nomu is the upcoming Haus on Handy, which incidentally is the only condominium to set a brand-new psf cost reduced during the week. There is the 118-unit Suites at Orchard, which was completed in 2014.

An artist perception 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 prices at the freehold condo. The most current to set a 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. A 1,389 sq ft, 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 feet, one-bedroom device for $1.16 million ($2,449 psf) in March 2018.

This is partially 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.

When Haus on Handy was introduced in July 2019, its sales weekend on July 6 and also 7 saw systems sold for in between $2,830 psf and $2,904 psf. Based on URA caveats, the last time a system at Haus on Handy fetched even 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).

The latest resale at Nomu is the only device to have actually changed hands so far this year. Last year, just 3 units 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 system on Dec 9.

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

Estuary

Based upon cautions over the past 12 months, the typical market price at the apartment is about $2,660 psf. The 188-unit advancement has actually seen its take-up rate boost considering that the begin of the year, from a collective take-up price of 26% in January to 52% since May.

New designer sales at Leedon Green remain to push up psf prices at the estate apartment. The current to set a 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 greatest psf cost among all condominiums for the week of June 24 to 30.

Based on URA caveats so cautions this year, buyers have been have actually up units at Leedon Green since environment-friendly was launched in January 2020. The developer sold close to 100 devices over the past 6 months.

Beside Nomu is the upcoming Haus on Handy where 2 nearby one-bedroom systems were cost rates that establish a new reduced for the advancement. Both 527 sq ft devices were cost costs of $1.47 million ($2,571 psf) each, according to caveats lodged at the end of June.

This durable speed of sales has actually led the document psf cost at the apartment to enhance from $2,934 psf for a 1,044 sq ft device sold on March 8 this year, to the new document of $3,081 psf on June 27.

Next to Nomu is the upcoming Haus on Handy, which incidentally is the only apartment to establish a brand-new psf rate reduced during the week.

A brand-new psf-price high was likewise accomplished at Nomu, a boutique 50-unit advancement along Handy Road in Dhoby Ghaut in prime District 9. A 1,389 sq ft, three-bedroom device brought $2,513 psf or $3.49 million on June 28. This is greater than the previous record established by the sale of a 474 sq ft, one-bedroom unit for $1.16 million ($2,449 psf) in March 2018.