The Hill @one-north sells 44 units, draws a strong investor-owner mix

It sold units at an average price of $2,594 psf.

The Hill @one-north received a "decent" take-up rate during its launch day, selling around 31% or 44 of its 142 units at an average price of $2,594 psf.

According to PropNex, most buyers snapped up 2- and 3-bedder unit types. The indicative price for the 2-bedroom and 3-bedroom units at the development start at $1.9m and $2.3m, respectively.

"The take-up rate is relatively on par or higher than that of some mid-sized projects with more than 100 units in the development that hit the market earlier this year," PropNex said.

Huttons also believes the development attracted a "good balance of investors and owner occupiers."

"While most of the buyers were Singaporeans, SPRs from China and US nationals were also among the buyers. The bulk of buyers are currently staying in a private residence," Huttons commented.

PropNex said buyers must've also been attracted to the project’s convenient location, "being within seven to eight minutes’ walk to the Rochester Mall, The Star Vista, and two MRT stations. 

"The wide range of schools in the vicinity also makes this development attractive to young families. Meanwhile, investors may view the project positively, given its potential leasing prospects to those working in the one-north R&D precinct and the Buona Vista area," PropNex said.