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

Nomu is one of five boutique growths along Handy Road. Next to Nomu is the upcoming Haus on Handy, which by the way is the only condominium to set a new psf cost reduced throughout the week.

New developer sales at Leedon Green proceed to press up psf rates at the property condo. The newest to establish a new high was a 700 sq ft, two-bedroom system on the seventh flooring that was transacted for $3,081 psf or $2.16 million on June 27. A 1,389 sq feet, three-bedroom device 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 ft, one-bedroom device for $1.16 million ($2,449 psf) in March 2018.

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

A brand-new psf-price high was additionally accomplished at Nomu, a store 50-unit development 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 greater than the previous document set by the sale of a 474 sq ft, one-bedroom system for $1.16 million ($2,449 psf) in March 2018.

New programmer sales at Leedon Green remain to rise psf rates at the estate condominium. The most recent to establish a new high was a 700 sq ft, two-bedroom device on the seventh flooring that was transacted for $3,081 psf or $2.16 million on June 27. This is also the greatest psf cost among all apartments for the week of June 24 to 30.

Next to Nomu is the upcoming Haus on Handy, which by the way is the only condo to establish a new psf rate low during the week.

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

Based on URA cautions until now this year, purchasers have been snapping up systems at Leedon Green because it was introduced in January 2020. At the beginning of this year, the apartment had an advancing take-up price of 51.3%, which has expanded to 61.3% as of May. The designer offered close to 100 units over the past 6 months.

Based on caveats over the past 12 months, the ordinary selling price at the condominium has to do with $2,660 psf. The 188-unit growth has seen its take-up rate boost considering that the beginning of the year, from a cumulative take-up rate of 26% in January to 52% since May.

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

The previous document at Leedon Green, which had been set on June 18, was for a 614 sq ft, two-bedroom device on the 9th flooring that was sold for $1.87 million ($3,049 psf). This transaction was reported by EdgeProp Singapore on June 30.

When Haus on Handy was launched in July 2019, its sales weekend on July 6 as well as 7 saw devices cost between $2,830 psf and also $2,904 psf. Nevertheless, based upon URA caveats, the last time a system at Haus on Handy brought more than $2,800 psf was in November 2020 when a 743 sq ft, two-bedroom device was cost $2.09 million ($2,818 psf).

This is partially lower than the previous record low, which included the sale of a 603 sq ft, two-bedroom system for $1.56 million ($2,588 psf) on March 7.

The latest resale at Nomu is the only device to have transformed hands thus far this year. In 2014, only 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 device on Dec 9.

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

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