The Sea View achieves new high of $2,590 psf

The Sea View topped the list of condos that hit a new psf-price high during the period between Feb 23 and March 1. This comes about with the resale of a three-bedroom unit measuring 1,216 sq ft at the development on Feb 26. The 18th-floor apartment changed hands for $3.15 million, which works out to $2,590 psf.

The transaction beats the previous high of $2,539 psf, which was established last June when a 1,410 sq ft, three-bedroom unit fetched $3.58 million. It is also the second time a unit at The Sea View has transacted above $2,500 psf.

The unit sold on Feb 26 was purchased by the seller in September 2012 for $2.01 million ($1,653 psf). This means they made a gross gain of $1.14 million after owning the apartment for nearly 11½ years.

Read also: D’Chateau @ Shelford hits new high of $2,155 psf

The new high at The Sea View follows the resale of a 1,216 sq ft unit for $3.15 million on Feb 26 (Picture: Samuel Isaac Chua/The Edge Singapore)

The Sea View is a freehold condo on Amber Road in District 15 which was completed in 2008. Featuring six 22-storey blocks, the development has a total of 546 units.  Residences comprise one-bedders from 527 to 560 sq ft, three-bedders from 1,216 to 1,410 sq ft, and four-bedders from 1,518 to 1,647 sq ft. There are also four-bedroom penthouses of 2,196 to 2,723 sq ft and five-bedroom penthouses of 2,809 to 2,928 sq ft.

Amaranda Gardens also achieved a new psf-price high during the period in review. This occurred with the Feb 29 sale of a 1,259 sq ft, three-bedroom unit for $2.68 million or $2,128 psf. The seller, who bought the unit on the 11th floor in September 2015 for $1.65 million ($1,310 psf), netted a gain of $1.03 million.

This marks the first time a unit at Amaranda Gardens has transacted above $2,100 psf. The sale surpasses the previous record of $2,064 psf set more than a month ago, when a 1,163 sq ft unit fetched $2.4 million on Jan 19.

Amaranda Gardens achieved a new psf-price high when a 1,259 sq ft unit fetched $2.68 or $2,128 psf on Feb 29 (Picture: Google Maps)

Amaranda Gardens is a 189-unit condo on Serangoon Avenue 3 in District 19. Built in 2004, the freehold development consists of three 17-storey towers. Units include two-bedders from 990 sq ft, three-bedders from 1,163 sq ft, and four-bedders from 1,464 sq ft. There are also four-bedroom penthouses of 2,453 to 2,907 sq ft and five-bedroom penthouses of 3,748 to 3,864 sq ft.

Another condo that hit a new psf-price high is Tre Residences. The condo registered a new record of $1,858 psf when a 420 sq ft unit changed hands for $780,000 on Feb 27. The sale of the 14th-floor unit beats the previous high set last December when a 764 sq ft unit was sold for $1.33 million ($1,740 psf).

The unit sold on Feb 27 was purchased by the seller from the developer in November 2014 for $707,100. This means they made a gain of about $73,000 on the deal.

Read also: The Balmoral Spring achieves new high of $2,367 psf

Tre Residences hit a new high of  $1,858 psf when a 420 sq ft unit changed hands for $780,000 on Feb 27 (Picture: Google Maps)

Tre Residences is a 99-year leasehold condo on Geylang East Avenue 1, within walking distance of the Aljunied MRT Station on the East-West Line. The development was completed in 2018 and houses 250 residences across two towers.

Check out the latest listings for The Sea View, Amaranda Gardens, Tre Residences properties

See Also:

• Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools

• New Launch Condo & Landed Property in Singapore (COMPLETE list & updates)

• D’Chateau @ Shelford hits new high of $2,155 psf

• The Balmoral Spring achieves new high of $2,367 psf

• Freehold condo Tiara achieves new high of $2,438 psf

• En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc

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