Oxley Holdings Limited says all 41 apartment units of Loft@Holland were taken up within two hours of the soft launch today.

Demand was strong enough to require balloting to be conducted for all but two units.

On average, there were about three interested buyers per unit. The units were booked at prices up from $1,630 psf to $2,166 psf and the buyers were mainly Singaporeans.

Loft@Holland is located within walking distance to the proposed Holland Village MRT Station, Holland Village Shopping Centre and Chip Bee Garden eateries. Nearby schools include Henry Park Primary School, Nanyang Primary School, and Hwa Chong Institution.

Located at 151 Holland Road, the five-storey development comprises 37 one-bedroom units, ranging from 323 - 484 sq ft, and four two-bedroom penthouses with private jacuzzis, ranging from 980 - 1,141 sq ft. Communal facilities include a basement carpark, a swimming pool and a gymnasium.

The development is expected to receive its Temporary Occupation Permit in December 2015.