Hillhaven by Far East Organization and Sekisui House, experienced robust sales over the weekend, with 59 units out of 179 released units sold by 6 pm on the same day. This equates to a 33% take-up based on the units released, and a 17.3% take-up based on the total 341 units available, with prices starting from $1,903 psf.
Hillhaven is strategically located near Hillview MRT station and surrounded by lush greenery and various amenities, including shopping and dining destinations such as HillV2, Dairy Farm Mall, and Hillion Mall. The development attracted discerning buyers, particularly for its two- and three-bedroom units, with Singaporeans and PRs dominating the buyer profile.
The 33% take-up rate based on units launched at Hillhaven is an encouraging sign, especially when considering that the prices start from $1,903 psf. Comparatively, the average transacted price of new 99-year leasehold non-landed private homes in the Outside Central Region (OCR) in 2023 was $2,150 psf, based on lodged caveats.
The robust property market in District 23, which saw significant price growth, and the strong rental market further enhance the investment potential of Hillhaven.
The sales achievements of Hillhaven underscore their desirability and strong market positioning, reflecting the evergreen appeal of well-conceived residential developments in prime locations. With its unique features and strategic location, Hillhaven is poised to make a lasting mark on Singapore’s property landscape.
