Yahoo Finance Madison Residences hits new high of $2,312 psf
SINGAPORE (EDGEPROP) - Among condominiums that hit a new psf price high from Nov 11 to 18, Madison Residences topped the list following the sale of a 1,464 sq ft three-bedroom apartment on Nov 14 for $3.384 million, which works out to $2,312 psf.
This beats the previous high set in July 2021 when a 1,776 sq ft unit sold for $3.9 million, or $2,196 psf. It also marks the first unit sold since the July 2021 transaction and the first time a unit at Madison Residences has crossed the $2,300 psf threshold. The unit was previously purchased for $2.86 million or $1,954 psf in May 2017, based on caveats lodged. This means the seller made a gain of $524,000 on the transaction.
Madison Residences’ new psf price high follows the sale of a three-bedroom apartment for $3.384 million on Nov 14 (Picture: Samuel Isaac Chua/The Edge Singapore)
Madison Residences is a freehold condominium located along Bukit Timah Road in District 10. Developed by Keppel Land, the 18-storey tower was completed in 2012 and has a total of 56 apartments. Units comprise a mix of three- and four-bedders between 1,464 and 3,218 sq ft. There are also two duplex penthouse units measuring 4,407 sq ft.
Madison Residences is an eight-minute walk away from the Stevens MRT Station, which serves as an interchange to the Downtown and Thomson-East Coast lines. Other amenities nearby include Balmoral Plaza, which is a 10-minute walk away, while Orchard Road is a five-minute drive away.
Waterfall Gardens is another development that hit a new psf price high after a 4,037 sq ft four-bedroom penthouse unit was sold for $8.68 million or $2,150 psf on Nov 18. The transaction comes three months after the previous psf price high was set on Aug 25, when a 1,830 sq ft unit sold for $3.689 million ($2,016 psf). The latest transaction is also the second time a unit at Waterfall Gardens has transacted at prices exceeding $2,000 psf. The seller had previously purchased the unit for $7.38 million ($1,828 psf) in June 2007, based on caveats lodged.
Completed in 2010, Waterfall Gardens is a freehold condominium development located along Farrer Road in District 10. It comprises three 12-storey residential towers with a total of 132 units, featuring three and four-bedroom apartments starting from 1,830 sq ft.
Read also: Four-bedder at The Clearwater reaps $1.78 mil profit
Waterfall Gardens reached a new psf price high of $2,150 psf after a four-bedroom penthouse unit was sold for $8.68 million on Nov 18 (Picture: The Edge Singapore)
Waterfall Gardens is within a 10-minute drive to Holland Village and Tanglin Mall. It is also close to the Botanic Gardens while the Orchard Road shopping belt is a 15-minute drive away.
Another development that saw a new psf price high is Moda, located along East Coast Road in District 15. This follows the resale transaction of a two-bedroom unit measuring 980 sq ft for $2.1 million or $2,144 psf on Nov 18. The unit had been purchased by the seller from the developer in August 2011 for $1.382 million ($1,411 psf).
The new psf price high comes just over a month after the previous high of $2,000 psf was established on Oct 12, following the sale of a 969 sq ft unit for $1.938 million.
A freehold condominium, Moda was developed by Hor Kew Land and completed in 2014. The 18-storey tower houses 56 residential units as well as commercial units on the first floor which are currently occupied by fitness centres and a yoga studio. Residential units comprise two- and three-bedders measuring 764 to 969 sq ft. There are also six penthouse units — all three-bedders — measuring between 1,259 and 1,894 sq ft.
Moda hit a new high of $2,144 psf on Nov 18 following the sale of a two-bedroom unit for $2.1 million (Picture: Samuel Isaac Chua/The Edge Singapore)
Moda is at the heart of the Katong area, surrounded by shophouses housing a variety of eateries as well as commercial developments such as Katong V, Katong Plaza, i12 Katong and Katong Shopping Centre. It is also a 10-minute walk to Parkway Parade.
No new psf price lows were recorded during the period.
Check out the latest listings near Madison Residences, Waterfall Gardens, Moda, Stevens MRT Station
See Also:
Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools
New Launch Condo & Landed Property in Singapore (COMPLETE list & updates)
En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc
