SINGAPORE (EDGEPROP) - Among condominiums that hit a new psf-price high over the week of Nov 18 to 25, The Tresor topped the list. It was for the sale of a 990 sq ft, two-bedroom apartment for $2.45 million, on Nov 24, which works out to $2,474 psf. The previous owner had purchased the unit for $1.3 million ($1,314 psf), according to a caveat in May 2007, reaping a gain of $1.15 million.
The new psf-price high beats the previous record set in May 2021, when a 1,012 sq ft unit was sold for $2.11 million or $2,083 psf. It also marks the first unit sold at the development since the May 2021 transaction, and the first time a unit at Madison Residences has crossed the $2,400 psf threshold.
The new high at The Tresor follows the sale of a 990 sq ft apartment for $2.45 million on Nov 24 (Picture: Samuel Isaac Chua/The Edge Singapore)
The Tresor is a 999-year leasehold condominium located on Duchess Road, off Bukit Timah Road in District 10. Developed by Keppel Land, it was completed in 2007 and has a total of 62 units. Apartments comprise a mix of two-, three- and four-bedders ranging from 990 to 2,896 sq ft. The development is a five-minute walk from the Tan Kah Kee MRT Station on the Downtown Line. It is also within walking distance of Coronation Shopping Plaza and Serene Centre. Other amenities nearby include Adam Food Centre and the Singapore Botanic Gardens.
Another District 10 development, Regency Park, also saw a new psf-price high during the week in review. It was for a four-bedroom unit on the 16th floor measuring 3,649 sq ft that was sold for $8.8 million, or $2,412 psf, on Nov 21. The transaction came less than two months after the previous psf-price high was set on Oct 5, when a 2,260 sq ft unit was sold for $5 million ($2,212 psf). This is the first time a unit at the development has fetched over $2,400 psf.
Regency Park is a freehold condominium along Nathan Road, off Grange Road and River Valley Road. Completed in 1990, it has a total of eight 25-storey residential blocks. The development comprises 292 apartments, made up of three-bedroom units from 2,250 sq ft and four-bedroom units from 3,649 sq ft. Regency Park has seen eight units change hands to date this year. The units range between 2,250 and 6,415 sq ft, and were sold at prices between $4.18 million and $14.1 million on an absolute basis, or from $1,858 to $2,412 on a psf basis.
Regency Park reached a new high after a 3,649 sq ft unit was sold for $8.8 million ($2,412 psf) on Nov 21 (Picture: The Edge Singapore)
The condominium is located in the vicinity of the Bishopgate-Chatsworth Good Class Bungalow enclave. It is also less than a five-minute drive to the Great World City shopping mall and the Orchard Road shopping belt.
Another development that hit a new psfprice high is Floridian. A three-bedroom unit on the sixth floor spanning 1,346 sq ft fetched $3.1 million, or $2,304 psf, on Nov 18. The unit was purchased for $2.42 million ($1,801 psf) in September 2012, which means the seller made a gain of $677,200 on the transaction. The transaction surpasses the previous high of $2,192 psf established on Oct 4, when a 958 sq ft unit changed hands for $2.1million.
A three-bedroom unit at Floridian fetched a new psf-price high of $2,304 for the condominium on Nov 18 (Picture: Samuel Isaac Chua/ The Edge Singapore)
Floridian is a freehold condominium located along Bukit Timah Road in District 21. The 336-unit project, developed jointly by Far East Organization and Wing Tai Holdings, was completed in 2012. The project has a mix of two-bedders ranging from 840 to 940 sq ft; three-bedroom units of 1,281 to 1,432 sq ft; and four-bedroom units of 1,830 to 2,347 sq ft.
No new psf-price lows were recorded during the week in review.