A three-bedroom unit at One Holland Village Residences topped the list of private condos that achieved a new psf-price high from Feb 16 to 21. The new price peak of $3,781 psf came from the sub-sale of a 1,238 sq ft unit for $4.68 million on Feb 17. This marks the first sale at the 99-year leasehold development this year.
The sellers of the 25th-floor unit had purchased it from the developer for about $4.19 million, or $3,385 psf, in November 2023. Thus, they made a profit of about $490,000.
The latest transaction surpasses the project’s previous record price of $3,426 psf from the developer’s sale of a 2,088 sq ft, four-bedroom unit for $7.15 million in August 2022.
A sub-sale transaction of a 1,238 sq ft unit on the 25th floor set a new high of $3,781 psf when sold for $4.68 million on Feb 17. (Photo: Quincy Private Residences)
One Holland Village Residences is a 296-unit development along Holland Village Way that was launched in 2019. The District 10 condo comprises 62 484 sq ft one-bedroom units, 145 two-bedroom units from 689 sq ft to 1,087 sq ft and 76 three-bedroom units spanning 1,098 sq ft to 1,281 sq ft. The remaining units include nine four-bedroom apartments from 2,088 sq ft to 3,358 sq ft and four five-bedroom units spanning 3,455 sq ft.
The condo, which is currently under construction, was first launched for sale in November 2019. Units have since been fully sold, based on URA caveats. The most expensive unit transacted at the development by absolute price was a 3,455 sq ft, five-bedroom apartment sold for $11.4 million ($3,300 psf).
The unit sold on Feb 17 marks the One Holland Village Residences’ first transaction since August 2023, when a 1,087 sq ft, two-bedroom apartment was sold by the developer for $2.98 million, or $2,741 psf.
Slated for completion in November 2029, the development is a four-minute walk from Holland Village MRT Station and close to lifestyle hub One Holland Village.
Boutique condo Hill House saw the second-highest psf-price for the period in review. The 72-unit development hit 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.
The new record comes four days after Hill House posted a high of $3,398 psf on Feb 16 from the sale of another 452 sq ft, two-bedroom unit on the eighth floor 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 of 431 sq ft, 24 two-bedroom units from 452 sq ft to 624 sq ft and eight 753 sq ft three-bedroom apartments.
Artist’s impression of Hill House, which saw a new record of $3,402 psf during the period in review (Photo: Macly Group)
Including the record-setting transaction, a total of nine Hill House units have been sold since the start of the year at an average price of $3,213 psf.
The boutique condo is five minutes from River Valley Primary School and close to shopping malls such as New Bahru. The development is under construction and is set to be completed in 3Q2026.
The week also saw a new psf-price high 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. This narrowly trumps the development’s previous record of $2,765 psf when a 743 sq ft, two-bedroom unit was sold for $2.05 million in November last year.
The District 19 development comprises two- to five-bedroom apartments from 700 sq ft to 1,841 sq ft.
A 732 sq ft, two-bedroom apartment on the 20th floor set a new record when it was sold by developers for $2.04 million ($2,785 psf) (Photo: Kingsford Group)
Data compiled on Edgeprop Research indicates the 916-unit condo has sold 744 units (81%) at an average price of $2,589 psf since its launch in November 2024. The 99-year leasehold development is under construction and is expected to be completed in 2028.
Chuan Park is near Lorong Chuan MRT Station on the Circle Line. The condo is also three minutes away from Nanyang Junior College.
No new PSF-price lows were recorded during the review period.
