Three Bedder One Holland Village Residences Sets New High 3781 Psf
One of the most sought-after condos in Singapore, One Holland Village Residences, has made headlines again with its record-breaking sale. According to recent reports, a three-bedroom unit at the development has achieved a new psf-price high from Feb 16 to 21. The new record price of $3,781 psf was set when a 1,238 sq ft unit was sold for $4.68 million on Feb 17.
Interestingly, this is the first sale at the 99-year leasehold development this year. The sellers of the 25th-floor unit had bought it from the developer in November 2023 for $4.19 million, or $3,385 psf. Thus, they made a profit of approximately $490,000.
This latest transaction surpasses the previous record price of $3,426 psf, which was set when the developer sold a 2,088 sq ft, four-bedroom unit for $7.15 million in August 2022.
One Holland Village Residences, which is currently under construction, is a 296-unit development along Holland Village Way. It comprises 62 one-bedroom units, 145 two-bedroom units, 76 three-bedroom units, nine four-bedroom units, and four five-bedroom units. The most expensive unit transacted at the development by absolute price was a five-bedroom apartment of 3,455 sq ft, sold for $11.4 million ($3,300 psf).
On the other hand, boutique condo Hill House saw the second-highest psf-price for the period in review. The 72-unit development set a new psf-price high 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. Four days before, Hill House hit $3,398 psf when a similar unit on the eighth floor was sold for $1.536 million.
Located at the top of Institution Hill, off River Valley Road, Hill House is a 999-year leasehold boutique condo in District 9. It comprises 40 one-bedroom units, 24 two-bedroom units, and eight three-bedroom apartments. Nine units have been sold at an average price of $3,213 psf since the start of the year.
Lastly, a new psf-price high was also achieved at Chuan Park along Lorong Chuan. A 732 sq ft, two-bedroom apartment on the 20th floor was sold for $2.04 million ($2,785 psf) on Feb 19, narrowly beating the development’s previous record of $2,765 psf. The condo comprises two- to five-bedroom apartments and has sold 81% of its units at an average price of $2,589 psf since its launch in November 2024.
No new psf-price lows were recorded during the review period.
The location of Parktown Residence is ideal for residents who prefer to drive, as it is conveniently situated near major expressways. These expressways offer easy and convenient routes to various areas in Singapore. For example, the Pan-Island Expressway (PIE) provides a direct connection to central Singapore, while the Tampines Expressway (TPE) offers a smooth journey to the northeastern districts of Punggol and Seletar. Additionally, the Kallang-Paya Lebar Expressway (KPE) is a convenient alternative for daily commutes, connecting the northeastern suburbs to the city center. Parktown Residence is situated along Tampines Avenue 11, providing direct access to neighboring amenities such as Tampines Mall, Century Square, and Our Tampines Hub. This location allows for easy accessibility and convenience for residents. For more information on Parktown Residence, please visit https://www.parktown-residences.com.sg/.