Table of Contents
Highest Price PSF Transaction
The top of the list is a 4,101 sq ft apartment at 15 Holland Hill that sold for $14.33 million on July 23, or $3,494 per square foot. The apartment is located on the 11th level of a 12-story development. The psf pricing is more than the development’s average price of $3,011 psf.
From July 21 to July 25, the private property firm of United Overseas Bank’s (UOB) Wee family sold five apartments at 15 Holland Hill, with prices ranging from $2,814 psf to $3,494 psf for units ranging from 1,798 sq ft to 5,221 sq ft.
15 Holland Hill is a freehold development with 59 apartments distributed over three 12-story buildings, including two-, three-, and four-bedroom flats, as well as three penthouses and three garden maisonettes on the ground level.
15 Holland Hill is situated at the intersection of Holland Road and Farrer Road in District 10, near to Holland Village, Bukit Timah, the Commonwealth Crescent Market, and the Circle Line’s Farrer Road MRT station.
The freehold Grange Residences is another property that saw a new peak in terms of psf from July 19 to 25.
On July 22, a 2,852 square foot apartment on the 17th floor sold for $8.7 million, or $3,050 per square foot.
The apartment was sold twice, first in 2005 for $4.68 million ($1,640 psf) and again in 2013 for $8.38 million ($2,938).
The freehold Grange Residences, which are located at the intersection of Grange Road and Tanglin Road in District 10, were built by Wheelock Properties and finished in 2004.
Transactions with the Lowest Price PSF
With an 829 sq ft apartment on the fifth floor selling for $525,000, or $633 psf, Archipelago at Bedok Reservoir Road in District 16 set a new low in terms of price per square foot.
The sold unit’s price per square foot is almost half of the development’s average selling price of $1,157 per square foot.
The project was been sold twice, the first time in 2012 for $970,000, or $1,170 per square foot.
In 2018, the apartment was sold for $1.1 million, or $1,327 per square foot.
The 577-unit, 99-year leasehold construction has a mix of one- to three-bedroom apartments, as well as four- and five-bedroom penthouses, and overlooks the reservoir.
The project, which was completed in 2015 by United Venture Development, a joint venture between UOL Group, its subsidiary Singapore Land Group, and Kheng Leong Company, was developed by UOL Group, its subsidiary Singapore Land Group, and Kheng Leong Company.