One Holland Village Residences has sold 237 of its 296 apartments

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Tembusu Grand condo price

One Holland Village Residences, which is a condominium with 296 units located along Holland Village Way, has had a total of the equivalent of 80% or 237 units sold, as per the press release issued on 11 January issued by the Far East Organization.

The 99-year leasehold development makes up the One Holland Village mixed-use development developed by Far East Organization and joint-venture partners Sekisui House and Sino Group. The project includes residential, serviced apartment , and office elements and space for community use.

Tembusu Grand condo price sits in a total suite area of about 210,545 sq ft and a maximum Gross Floor Area (GFA) of 54,789m2.

“We are delighted to begin 2023 with a positive outlook following the success of numbers of One Holland Village Residences,” says Michelle Tang, deputy director residential sales of the Far East Organization. “Our customers are attracted by the One Holland Village’s prime locale appealing and distinctive proposition and the utilization of carefully curated areas that are specifically designed for communal and recreational usage.”

More than 90% of buyers who purchase One Holland Village are residents of the area with the majority of residents of Districts 10 , 11 and 10. For international buyers Americans are the majority and are being followed closely by Indonesian and Chinese buyers. Based on Far East Organization, 35% of buyers purchased an investment property.

One Holland Village Residences was launched to be sold in 2019. It consists of three properties: Sereen, Leven and Quincy Private Residences. Sereen is a 34-story tower that has 248 apartments comprised of one-to-three-bedders with a total of 484 sq ft to 1,098 sq feet. As per Far East Organization, Sereen has a median price of $2,649 per square foot with the majority of% in the single-bedders sold.

Leven is a group of 21 units spread across three storeys with a low rise. They are all two-bedders that range from 807 and 1,087 square feet. So far 19 units in Leven were sold for an average cost of $2,909 per square foot.

Additionally, Quincy Private Residences features 27 luxurious apartments comprised of three and four-bedroom units that range from 1,238 to 3,358 square feet. There’s also a penthouse measuring 3,488 square feet. So far the penthouse and the entire four-bedroom unit have been sold, with the exception of one four-bedder on the 27th floor which was sold for $7.15 million ($3,426 per square foot) at the end of August in 2022. It was an all-time high for the project in terms of price per square foot. Units that were sold for sale at Quincy Private Residences achieved an average price of $3,233 per square foot.

In its press announcement, Far East Organization also stated the fact that One Netherlands Village’s shopping component, One Holland Village Shops – has been operating at an occupancy of 82% Based on the commitment of leases and leases in the process of final execution. The mall has 44 tenant leases were secured in the 3-storey mall. The leases secured amount into a net lettable space of 95,373 square feet.

Tenants confirmed with brand new concepts include Lil’Kinki from Kinki Restaurant & Bar, local classic Chinese medical company Pulse TCM, hipster cafe Caffeine Xpress and Plain Meredith by Baker’s Brew. The anchor Tenant CS Fresh will take up about 8,000 square feet of the mall’s space.

One Holland Village Shops is set to open by closing date of the year, and One Holland Village Residences is planned to be completed by the end of 2024.

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