FREEHOLD luxury residence Van Holland has moved 10 out of its 69 units at an average S$2,975 per sq ft (psf) over its launch weekend, property developer Koh Brothers announced on Monday.
A "good mix" of one to three bedroom units were sold, Koh Brothers said in a press release. Most of the buyers are Singaporeans, noted Francis Koh, managing director and chief executive of Koh Brothers.
"We are deeply heartened by the warm reception that we received over the public launch weekend given that there were a number of other developments that also launched in the same weekend. We are pleased to be able to sell 15 per cent of our total units given the current market sentiment and are expecting more in the coming weeks," he said.
Located in Holland Village, the Van Holland development houses 53 units in two five-storey blocks, with one to four bedroom apartments ranging from 495 sq ft to 1,345 sq ft.
The other 16 units, dubbed the Exclusive Series, are in a four-storey block with private lift access. In that block, apartments range from 1,001 sq ft to 1,991 sq ft. Van Holland is expected to obtain its temporary occupation permit in March 2023.
On Saturday, Koh Brothers announced that two individuals Benjamin and Rachel Koh, both Mr Koh's children, had been granted the option to each purchase an apartment in Van Holland, both on the third storey of Block 188. Benjamin Koh may buy a unit at S$1.5 million, while his sister may buy a unit at S$2 million.
Shares of mainboard-listed Koh Brothers closed at S$0.24 on Monday, up 4.35 per cent.
Source: The Business Times