A three-bedroom unit at One Holland Village Residences has made headlines by topping the list of private condos with a new psf-price high. The 1,238 sq ft unit, located on the 25th floor, was sold for a record-breaking price of $3,781 psf on Feb 17. The sub-sale transaction marks the first sale at the 99-year leasehold development this year and surpasses its previous record price of $3,426 psf from a sale by the developer in August 2022.The sellers of the unit had previously purchased it from the developer for about $4.19 million, or $3,385 psf, in November 2023. This means they made a handsome profit of approximately $490,000.The highly sought-after One Holland Village Residences is a 296-unit development located along Holland Village Way and was launched in 2019. The District 10 condo comprises a mix of one-bedroom, two-bedroom, three-bedroom, four-bedroom, and five-bedroom units. All units were fully sold out upon launch, and the most expensive unit transacted at the development was a five-bedroom apartment that sold for $11.4 million, or $3,300 psf, making it the highest absolute price paid at the development.Under construction and set to be completed in November 2029, One Holland Village Residences is a four-minute walk from Holland Village MRT Station and is close to the popular lifestyle hub, One Holland Village. This prime location and quality of the development have contributed to its record-breaking prices.The second-highest psf-price for the week was achieved by boutique condo Hill House, which recorded a new high of $3,402 psf on Feb 21. This was from the sale of a 452 sq ft, two-bedroom unit on the ninth floor for $1.538 million. This record comes just four days after the development hit a high psf-price of $3,398 from the sale of another 452 sq ft, two-bedroom unit. Located in District 9, Hill House is a 999-year leasehold development comprising a mix of one-bedroom, two-bedroom, and three-bedroom units. It is set to be completed in 3Q2026.Out of a total of nine units sold since the start of 2024, Data compiled by Edgeprop Research indicates that an average price of $3,213 psf was paid for units at Hill House. Its prime location and the high-end finishings of the development have contributed to its record-breaking prices.Chuan Park, a 99-year leasehold development along Lorong Chuan, also recorded a new record price during the review period. A single transaction of $2.04 million, or $2,785 psf, was made for a 732 sq ft, two-bedroom unit on the 20th floor, narrowly beating the previous record of $2,765 psf achieved in November last year for a 743 sq ft, two-bedroom unit.Most of the units at Chuan Park have been sold since its launch in November 2024, with an average price of $2,589 psf. The development is currently under construction, with completion expected in 2028. Its strategic location just three minutes from Nanyang Junior College and Lorong Chuan MRT Station has contributed to its popularity and record-breaking prices.
