Three cluster houses at Eleven @ Holland sell for more than $1,050 psf
by PropNex
PropNex Realty has announced the sale of three cluster semi-detached houses at Eleven @ Holland via tender. The prices range from approximately $3.91 million to $4.02 million and the units consist of seven semi-detached houses of about 3,735 sq ft and are all three-storey plus attic and basement units, with five bedrooms and five bathrooms.
The sale of the houses was part of a tender that closed on June 12 and they were sold for between $1,050 psf and $1,079 psf – exceeding the vendor’s expectations. Tracy Goh, Head of Investment and Collective Sales at PropNex, explains that the buyers of the three sold houses are locals, and other buyers have expressed interest in purchasing the remaining four units, which will now be sold via private treaty sale.
These properties were completed in 2014 and had a 99-year leasehold, about which PropNex was appointed to market by the seller, Char Yong (Dabu) Association, Singapore.
This transaction is on top of selling 48 cluster semi-detached houses at Eleven @ Holland that PropNex recently closed. 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 – for which they had also been appointed as the marketing agent, by Hong Leong Finance.
For relevant property analytics and sales data, you can also find these through EdgeProp’s Landlens tool.
Altura EC Qingjian Realty‘s executive condo (EC) site features on the 2021 Confirmed List of Government Land Sales. Being strategically located at Bukit Batok West Avenue 8, the maximum gross floor area of the site amounts to 37,348 square meters, with a height restriction of between 60 and 70 meters. This could lead to an estimated yield of 375 residential units. Property developers can find out more about the price bracket and make their bid once the application exercise opens.
Overall, this transaction is further evidence of the successful marketing efforts of PropNex and how residential properties continue to be a hot commodity for investors in this market.