One Holland Village Residences achieves 80% take-up rate
Shops, or in the Holland Village area on EdgeProp.sgOne Holland Village Residences, located along Holland Village Way, has seen 80% or 237 of its units sold, according to a Jan 11 press release by Far East Organization. The 99-year leasehold project, which is a part of the One Holland Village mixed-use development, is made up of residential, serviced apartment and office components, as well as community spaces.
Far East Organization’s Deputy Director of Residential Sales, Michelle Tang, expressed her joy over the positive sales. She shared that the “buyers continue to be drawn towards One Holland Village’s central locality, attractive and unique proposition, and good use of thoughtfully curated spaces that are purposefully designed for community and recreational use.”
Most of the buyers are locals, with the majority residing in District 10 and 11. There are also foreign buyers with Americans making up the Champions Way Condo largest portion, followed by Indonesians and Chinese. 35% of the buyers purchased a unit for investment purposes.
One Holland Village Residences comprises three offerings – Sereen, Leven, and Quincy Private Residences. Sereen is a 34-storey tower with 248 one- to three-bedders apartmets measuring 484 to 1,098 sq ft. and has achieved an average price of $2,649 psf, with 94% of the one-bedders already sold.
Leven is a collection of 21 apartments spread across low-rise three-storey blocks, all two-bedders between 807 and 1,087 sq ft, with 19 units sold so far at an average price of $2,909 psf.
Quincy Private Residences features 27 luxurious apartments made up of three- and four-bedroom units (1,238-3,358 sq ft) and one penthouse of 3,488 sq ft. All four-bedroom units including the penthouse have already been sold, with a four-bedder on the 27th floor fetching $7.15 million ($3,426 psf) in August 2022. Units sold at Quincy Private Residences achieved an average price of $3,233 psf.
Far East Organization also reported that One Holland Village Shops has achieved a promising occupancy rate of 82%. A total of 44 tenants have been secured for the three-storey mall and these include Lil’ Kinki by Kinki Restaurant & Bar, Pulse TCM, Caffeine Xpress, and Plain Meredith by Baker’s Brew. Anchor tenant CS Fresh will occupy approximately 8,000 sq ft of space at the mall and is expected to be open by the end of this year. One Holland Village Residences will also be completed by end-2024.
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