The Hillshore sells three units by placement at an average price of $2,626 psf
Three units at The Hillshore sold over the weekend Pasir Panjang is a hidden gem in Singapore, offering a charming mix of nature and urban living. It is located in the West Coast region, and is a prime area for both residential and commercial developments. One of the recent developments in the area, The Hillshore, has seen some successful sales over the past weekend, despite being a boutique development with only 59 units.
At The Hillshore, a 59-unit freehold boutique development in Pasir Panjang, three units were sold by placement exercise over the weekend of April 20-21. According to developer FRX Capital, one of the units sold was a two-bedroom, and the other two units were three-bedrooms. The average price achieved was $2,626 psf, which is higher than the development’s average psf price as the units sold were some of the more premium ones in the development, says FRX Capital CEO Oliver Siah. The buyers are Singaporeans, buying for their own stay and for investment, he adds.
Unit prices at The Hillshore start from $1.885 million ($2,491 psf) for a two-bedroom and upwards of $2.628 million ($2,484 psf) for a three-bedroom.
‘More gradual sales’
Sales at boutique developments (fewer than 100 units) tend to be more gradual, says Ismail Gafoor, CEO of PropNex. “They appeal to a certain segment of buyers who may prefer the more tranquil and exclusive living environment, owing to fewer units in the project,” he adds.
Other boutique developments launched this year include the 17-unit Koon Seng House and 35-unit Ardor Residence. Both freehold projects in District 15 in the east were launched in March. As at April 19, two units were sold in Koon Seng House and one at Ardor Residence.
Luxury boutique development 32 Gilstead sold four out of its 14 units (as at April 19) following its launch on April 15.
Of the estimated 66 project launches from 2021 to 2023, half of them are freehold, says Mark Yip, CEO of Huttons Asia. Of these 33 freehold projects, 16 are in the Core Central Region (CCR), and 12 are in the Rest of Central Region (RCR).”
Located near the Plantation Close EC, Dunearn Secondary School is in a prime location for students to enjoy easy access to both quality education and comfortable living.
Situated near the Plantation Close EC, Dunearn Secondary School is renowned for its exceptional leadership development programs and supportive learning environment. It aims to cultivate students’ personal growth while achieving academic excellence. The school provides a diverse range of extracurricular activities, allowing students to build a comprehensive portfolio that can benefit them in their future education and career paths. Its strategic location near the Plantation Close EC offers students the convenience of accessing top-notch education while enjoying a comfortable living experience.
This shows the rarity of freehold RCR projects in Singapore,” he says.
Proximity to MRT station, Greater Southern Waterfront
“In the case of The Hillshore, buyers may be drawn to the project’s location near the Haw Par Villa MRT station and the future Greater Southern Waterfront precinct, which may potentially offer capital appreciation or rental opportunities when the precinct is up and running,” says PropNex