Due to slowing demand of cooling measures, Royal Hallmark @Freehold Condominium 31% sold out

Due to slowing demand of cooling measures, Royal Hallmark @Freehold Condominium 31% sold out

Royal Hallmark brand new freehold development in District 15 at 1 Haig Lane. The condominium covers 25,054 square feet of land and is features 10 terrace houses and a bungalow which was completed about 25 years ago. Royal Hallmark Condo offers 32 units comprises 3 bedroom to 5 bedroom and 2 units of 5 bedroom Penthouses. It moved 10 units on Saturday (Feb 26) when it was launched for sale.

According to The Business Times price guide, Royal Hallmark Condo 's units sell for around S$2,100 to S$2,200 per square foot (psf) for a three-bedroom unit, around S$1,800 to S$1,900 for a unit. 4 bedrooms and about S$1,700. to S$1,800 psf for 5 bedroom units.

The 5-storey development with penthouses has 14 3-bedroom units, 14 4-bedroom units, 2 5-bedroom units and 2 5-bedroom penthouses. Apartment sizes range from 797 square feet for a three-bedroom classic to 2,077 square feet for a five-bedroom penthouse.

Royal Hallmark with night facade

The 5-storey development with attic residential flats PHOTO: H HOMES

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Some details about Royal Hallmark @Freehold Condominium

Royal Hallmark developer, H Homes, is a joint venture led by Patrick Kho of Lian Huat Group, Terence Goon of Nobel Design and Von Lee and David Ong, both of 2E Capital. Lee Sze Teck, senior research director at Huttons Asia, said Royal Hallmark's sales were within expectations due to the property cooling measures recently implemented.

The cooling measures, implemented on December 16, 2021, include a higher buyer's additional stamp duty (ABSD) rate and a tightened total repayment ratio (TDSR) threshold. However, he noted that the five-bedroom units at the project were sold out on Saturday as larger units in the vicinity were in limited supply.

“The prices of the apartments are comparable to those in older projects, making it an attractive proposition for buyers looking to live in district 15,” he said.

Located in Lane 1 Haig, the project is within a 5-minute walk of Kinex and Haig Road Market and Food Centre. Primary schools within 1 km include Tanjong Katong Primary School and Haig Girls' School.

In particular, shopping and other shopping activities are nearly ubiquitous around the East Coast and Paya Lebar. Areas such as I12 shopping mall and Paya Lebar Square will bring you interesting experiences. These two areas are famous for their wide range of goods and services. In addition, residents can shop for groceries and enjoy a delicious cup of coffee every week at quiet locations such as Joo Chiat, Katong, East Coast Road, just 5-10 minutes' walk away.

There are several restaurants nearby; East Coast Road is filled with great restaurants and bakeries, Joo Chiat has a charming hidden cafe scene, and Katong is home to some of the best local food vendors. In addition, there are many bars and clubs to choose from.

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