Three cluster houses at Eleven @ Holland sell for more than $1,050 psf

PropNex Realty has announced the sale of three cluster semi-detached houses at Eleven @ Holland via tender. The units, which were completed in 2014 and had a 99-year leasehold,were sold for prices ranging from approximately $3.91 million to $4.02 million. This exceeded the vendor’s expectations, at between $1,050 psf and $1,079 psf, according to Tracy Goh, head of Investment and collective sales at PropNex.

The properties comprised seven houses of about 3,735 sq ft, all three-storey plus attic and basement, with five bedrooms and five bathrooms. PropNex was appointed by the seller, Char Yong (Dabu) Association, Singapore, to market the properties.

The tender, which closed on June 12, saw local buyers purchasing the three units. “There are other buyers who have expressed interest in purchasing the remaining four units, which will now be sold via private treaty sale,” says Goh.

The sale of the houses is in addition to the recently closed sale of 48 other cluster semi-detached houses at Eleven @ Holland, which PropNex was appointed by Hong Leong Finance to market. On June 8, the agency shared that it had collected 48 cheques from buyers to purchase the 48 properties, which had been put up for mortgagee sale.

The average price of a Condo in Singapore is an astounding $1.54 million, up from $1.34 million in 2017. Most people in Singapore have to rely on financial aid like housing loans to be able to afford a condominium. For the privilege of owning such an expensive asset, owners will need to pay additional condo fees and other maintenance fees that go into keeping communal areas in tip top conditions. There are more than 10,000 condos in Singapore, located in every corner of the country. With so much choice, prospective condo buyers ought to carefully consider factors such as location, facilities available and of course, the unit price.

Sales data and other relevant property analytics can be found on EdgeProp’s Landlens tool. (Map: EdgeProp Singapore)

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *