One Holland Village Residences achieves 80% take-up rate
Certified tenants with new label ideas feature Lil’ Kinki by Kinki Restaurant & Bar, homegrown traditional Chinese meds brand Pulse TCM, hipster coffee shop Caffeine Xpress and Plain Meredith by Baker’s Brew. Anchor occupier CS Fresh may take up around 8,000 sq ft of room at the shopping center.
One Holland Village Shops is slated to start by the end of this year, while One Holland Village Residences is targeted for finalization by end-2024.
” We are heartened to kick 2023 off on the back of favorable sales at One Holland Village Residences,” claims Michelle Tang, deputy director, non commercial transactions, at Far East Organization. “Our purchasers continue to be drawn towards One Holland Village’s core area, captivating and distinct recommendation, and good utilization of thoughtfully curated spots that are purposefully designed for neighborhood and entertainment use.”
One Holland Village Residences was launched for sale in 2019. It consists of 3 offerings: Sereen, Leven and Quincy Private Residences. Sereen is a 34-storey high rise with 248 apartments made up of one- to three-bedders determining 484 to 1,098 sq ft. According to Far East Organization, Sereen has already attained an average rate of $2,649 psf, with 94% of the one-bedders already sold.
Leven is a collection of 21 condos spread out around low-rise three-storey blocks. Units are all two-bedders in between 807 and also 1,087 sq ft. So far, 19 units at Leven have been cost an average price of $2,909 psf.
Meanwhile, Quincy Private Residences features 27 deluxe houses comprised of three- and also four-bedroom units between 1,238 and 3,358 sq ft. There is likewise a sole penthouse of 3,488 sq ft. To date, the penthouse plus all four-bedroom units have been sold, consisting of a four-bedder on the 27th floor that obtained $7.15 million ($3,426 psf) in August 2022, viewing a record high for the project in terms of psf sales price. Units sold at Quincy Private Residences achieved a regular price of $3,233 psf.
In its news releases, Far East Organization even emphasize that One Holland Village’s cost component– One Holland Village Shops– has achieved a projected tenancy of 82%, based upon committed leases and contract pending last execution. A quantity of 44 tenants have actually been acquired for the three-storey shopping mall. The assured rent convert to a net lettable place of about 95,373 sq ft.
One Holland Village Residences, a 296-unit residence along Holland Village Way, has already seen 80% or 237 of its units sold off, according to a Jan 11 news release by Far East Organization.
Over 90% of the customers for One Holland Village Residences are locals, with the majority consisting of residents in Districts 10 and 11. In regards to overseas buyers, Americans make up the leading section, followed by Indonesian also Chinese clients. According to Far East Organization, 35% of the buyers acquired a unit for investment purposes.
The 99-year leasehold project is part of the One Holland Village mixed-use project by Far East Organization and also joint-venture companions Sekisui House including Sino Group. The expansion includes non commercial, maintained flat and even workplace aspects, as well as community spaces.
