Hudson Place Residences Sells 61.5% on Launch Weekend at Average $2,458 PSF

Hudson Place Residences is a 99-year leasehold private condominium developed by a consortium led by Qingjian Realty and Forsea Holdings, together with CYZ Land and Jianan Capital. The project comprises two blocks of 15 and 23 storeys, offering a mix of two- to four-bedroom units and penthouses.

The same consortium launched the neighbouring 358-unit Bloomsbury Residences in April 2025. Based on caveats lodged, Bloomsbury is about 85 per cent sold at an average price of $2,525 psf. Hudson Place’s launch weekend take-up of 61.5 per cent surpassed Bloomsbury’s approximately 25 per cent at its own launch, according to Kelvin Fong, CEO of PropNex.

Prices at Hudson Place Residences started from above $2,200 psf, with two-bedroom units priced from about $1.4 million, three-bedroom units from above $2 million, and four-bedroom units from $2.7 million. Many units fall within the pricing sweet spot of below $2.5 million, which Fong describes as digestible for a broad pool of owner-occupiers and HDB upgraders.

The 893 sq ft three-bedroom deluxe units achieved 100 per cent take-up, while more than 88 per cent of the 1,152 sq ft four-bedroom premium units were sold. One of five penthouses was also taken up. About 65 per cent of units sold were two-bedders, according to Mark Yip, CEO of Huttons Asia.

Fong describes the average launch price of about $2,458 psf as compelling, particularly when compared with recently launched projects in the Outside Central Region that have crossed the $2,500 psf mark. Pinery Residences and Vela Bay achieved average selling prices of $2,546 psf and $2,886 psf respectively during their launch weekends.

Marcus Chu, CEO of ERA Singapore, notes that Hudson Place entered the market with a pricing advantage supported by its relatively lower land cost of $1,037 psf per plot ratio. This gave the developer greater pricing flexibility and buyers a stronger margin of safety at entry.

Singaporeans and Permanent Residents accounted for around 99 per cent of buyers. Interest came from across Singapore, with notable demand from the western corridor as well as established towns such as Thomson, Punggol and Sengkang.

Yip attributes the strong demand to the development of “Kampong AI” in one-north and potential spillover housing demand from workers in the AI industry. According to Huttons, rentals in one-north are supported by an estimated 50,000 knowledge workers and are about 10 per cent higher than those in the neighbouring Dover area.

Chu adds that Hudson Place is well-positioned to benefit from the continued transformation of the one-north and Dover-Medway precincts, with plans for up to 6,000 new homes in Dover-Medway under the 2025 URA Master Plan.

EdgeProp Singapore, 17 May 2026