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

The most up to date resale at Nomu is the only device to have actually altered hands up until now this year. In 2015, only 3 devices were sold on the secondary market at prices 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 device on Dec 9.

When Haus on Handy was introduced in July 2019, its sales weekend break on July 6 as well as 7 saw devices cost in between $2,830 psf as well as $2,904 psf. However, based on URA caveats, the last time an unit at Haus on Handy fetched greater than $2,800 psf was in November 2020 when a 743 sq ft, two-bedroom device was sold for $2.09 million ($2,818 psf).

Beside Nomu is the upcoming Haus on Handy where two adjacent one-bedroom devices were sold at costs that set a new reduced for the growth. Both 527 sq ft devices were sold at costs of $1.47 million ($2,571 psf) each, according to cautions lodged at the end of June.

New developer sales at Leedon Green remain to rise psf prices at the estate apartment. The latest to establish 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 highest psf cost amongst all condos for the week of June 24 to 30.

The 638-unit Leedon Green is jointly created by MCL Land and also Yanlord Land. The development lies at Leedon Heights in prime District 10. It consists of 7 12-storey blocks, with one- to four-bedroom devices of 474 to 2,680 sq ft.

Based on URA caveats until now this year, customers have been buying systems at Leedon Green given that it was introduced in January 2020. At the start of this year, the condo had an advancing take-up rate of 51.3%, which has actually expanded to 61.3% as of May. The developer offered near to 100 systems over the past 6 months.

Based on cautions over the past 12 months, the ordinary asking price at the condo is about $2,660 psf. The 188-unit growth has seen its take-up price boost because the start of the year, from an advancing take-up rate of 26% in January to 52% as of May.

A musician impact of the upcoming Haus on Handy, which saw a brand-new record low of $2,571 psf.

Nomu is one of five shop advancements along Handy Road. Following to Nomu is the upcoming Haus on Handy, which incidentally is the only apartment to set a new psf price reduced during the week.

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

A new psf-price high was additionally achieved at Nomu, a shop 50-unit development along Handy Road in Dhoby Ghaut in prime District 9. A 1,389 sq ft, three-bedroom unit brought $2,513 psf or $3.49 million on June 28. This is more than the previous document set by the sale of a 474 sq ft, one-bedroom unit for $1.16 million ($2,449 psf) in March 2018.

New developer sales at Leedon Green continue to press up psf costs at the estate apartment. The most current to establish a new high was a 700 sq feet, two-bedroom system on the 7th flooring that was negotiated for $3,081 psf or $2.16 million on June 27. A 1,389 sq ft, three-bedroom device brought $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 device for $1.16 million ($2,449 psf) in March 2018.

Following to Nomu is the upcoming Haus on Handy, which by the way is the only condo to establish a brand-new psf rate reduced during the week.

Lake Life location

This is partially lower 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.

This robust rate of sales has led the document psf price at the condominium to raise from $2,934 psf for a 1,044 sq ft system sold on March 8 this year, to the brand-new record of $3,081 psf on June 27.

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