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

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Next to Nomu is the upcoming Haus on Handy, which by the way is the only apartment to set a brand-new psf rate low throughout the week.

New developer sales at Leedon Green continue to press up psf rates at the property condominium. The latest to set a new high was a 700 sq feet, two-bedroom unit 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 unit fetched $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 system for $1.16 million ($2,449 psf) in March 2018.

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

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

The latest resale at Nomu is the only unit to have altered hands until now this year. Last year, just three units were sold on the secondary market at rates 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.

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

New programmer sales at Leedon Green continue to push up psf rates at the property apartment. The latest to establish a new high was a 700 sq ft, two-bedroom device on the 7th flooring that was transacted for $3,081 psf or $2.16 million on June 27. This is also the highest possible psf price among all apartments for the week of June 24 to 30.

It consists of 7 12-storey blocks, with one- to four-bedroom devices of 474 to 2,680 sq ft.

Nomu is one of 5 store growths along Handy Road. Next to Nomu is the upcoming Haus on Handy, which by the way is the only apartment to set a brand-new psf price low throughout the week.

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

Based on caveats over the past 12 months, the average market price at the apartment is about $2,660 psf. The 188-unit growth has seen its take-up price increase since the start of the year, from an advancing take-up rate of 26% in January to 52% since May.

Based on URA caveats so far this much, buyers have been snapping up breaking at Leedon Green since eco-friendly given that launched in January 2020. The designer marketed close to 100 units over the previous 6 months.

Alongside Nomu is the upcoming Haus on Handy where 2 surrounding one-bedroom devices were sold at prices that establish a new low for the growth. Both 527 sq ft devices were cost costs of $1.47 million ($2,571 psf) each, according to cautions lodged at the end of June.

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

This is marginally 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.

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