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Holland Residences Print E-mail

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1. Written by News on 01-02-2010 18:43
54 units sold
Allgreen Properties is said to have sold 54 units at its Holland Residences condo at Taman Warna released this week. The average price of the 68 units released in the 83-unit project is $1,625 per square foot; but the figure is weighed down by private enclosed spaces for ground-floor units in the five-storey freehold project. 
Singaporeans bought 80 per cent of the units sold, says Joseph Tan, executive director at CB Richard Ellis, which is marketing the project. 
One-bedroom units (601 sq ft) and two bedders (ranging from 957 to 979 sq ft) were the first to be snapped up at this week’s preview. 
The project also has three- and four-bedroom units as well as penthouses. Prices of one bedders start from $1.06 million. Two bedders cost between $1.63 million and $1.73 million. The most expensive units sold was $3.6 million for a four-bedroom duplex penthouse. 
The average price of $1,600 psf for Holland Residences is higher than the $1,500 psf at which Ho Bee is selling its nearby Parvis, a 12-storey condo at Holland Hill. 
However, there are no one-bedroom units in Parvis; developers typically can command a higher per square foot price for smallish units as the lumpsum amount is still relatively small. 
Hence the tendency among some developers to build projects with a higher proportion of smallish units to achieve a higher overall average psf price for the development.
2. Written by News on 23-01-2010 04:59
Go on Sale
ANOTHER high-end condominium is set to hit the market following a number of recent upscale launches. 
Allgreen Properties will launch Holland Residences for sale next week, said marketing agent CB Richard Ellis (CBRE). 
The five-storey freehold development – it is on Taman Warna and next to Chip Bee Gardens off Holland Road – has been 13 years in the making. 
Allgreen bought the site, which used to host nine bungalows, for $78.26 million in 1997. 
The launch price for Holland Residences is ‘yet to be confirmed’ but is likely to be at an average of $1,600 to $1,700 per sq ft, said Mr Joseph Tan, CBRE’s executive director for residential. 
He said CBRE has already received inquiries and expressions of interest. ‘We expect the response to Holland Residences to follow the strong sales momentum that started in the second half of 2009.’ 
Allgreen will release 30 to 40 of the development’s 83 units for sale in the first phase. 
It will start previews on Monday for ex-owners of the site’s former bungalows. This will be followed by a preview for Allgreen’s directors, staff and business associates before sales are opened to the public. 
The 83 units at Holland Residences will range from one-bedroom to four-bedroom apartments and penthouses. 
Sizes start from 600 sq ft for a one-bedder and go up to 2,800 sq ft for a four-bedroom penthouse. 
There will also be three-bedroom loft units of 1,900 sq ft with a jacuzzi on the ground floor.
3. Written by News on 20-01-2010 01:39
Expected to launch next week
Allgreen expected to launch sales next week at 83-unit Holland Residences , a five-storey condo at Taman Warna. The average price could be around $1,600 psf, some market watchers suggest. The project is freehold. 
Holland Residences comprises mostly three- and two-bedroom apartments, although there are also 17 penthouse units.

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