MCL Land and Ho Bee Investment last week sold a total of 51 units at their Parvis condominium located at Holland Hill at an average price of $1,480 per sq ft (psf).
What happened at Parvis was far from the recent trend, wherein the smallest units of a certain project are sold out first. At Parvis, the most number of units sold were four-bedroom apartments with 18 units, followed by two bedroom apartments with 15 sold units and the three-bedders with 14 sold units.
To address the buyer interest, Ho Bee and MCL even sold three penthouses, although these were not included in the first batch of 85 units they launched for the preview.
They are now planning to officially launch the project during the weekend. They will release more units at the freehold condo, which has 248 units. This 12-storey project is being constructed at the former site of Holland Hill Mansions.
Chong Hock Chang, the general manager of Ho Bee, revealed that Holland Hill Mansions’ former owners had already selected seven apartments.
Of the 51 units sold, 39 were bought by Singaporeans. Foreign buyers and permanent residents acquired the remaining 12 units; most of them from Malaysia, with some from Indonesia, added Mr. Chong.
The three penthouses sold comprised of two single-level units of 2,300 sq ft each, with three bedrooms priced at around $3.3 million each. It also included a duplex unit of 2,800 sq ft site area, with four bedrooms costing around $4.1 million. Singaporeans acquired the two single-level penthouses while a foreigner bought the duplex.
Last month, Ho Bee launched Trilight condo, a freehold development at Newton Road. The 30-storey project has already sold 61 units to date at an average price of $1,650 psf.