Three-bedder at The Atria at Meyer hits new psf high of $2,116

From June 9 to 16, two condos realised new psf-price highs, with The Atria at Meyer topping the list. A 1,475 sq ft, three-bedroom unit was sold on the second floor for $3.12 million ($2,116 psf). Adding to the list of high psf-prices, a 420 sq ft, one-bedroom unit on the 17th floor of Sturdee Residences was sold for $888,000 ($2,115 psf). On the other hand, only one condo set a new psf-price low. A 2,045 sq ft, five-bedroom unit on the ground floor of Amber Park sold for $4 million ($1,956 psf).The Atria at Meyer is a freehold development in the Marine Parade area in District 15. It has 158 units ranging from 1,044 sq ft to 2,949 sq ft. By June last year, the average price at the condo was $2,043 psf. The Seafront on Meyer and Hawaii Tower, two other condos along Meyer Road that face East Coast Park and the sea, have average prices of $2,083 psf and $1,760 psf respectively.The second highest psf-price peak set for the week is at Sturdee Residences. The 99-year leasehold condo on Beatty Road in District 8 has units ranging from 420 sq ft to 1,830 sq ft. Average resale prices at the 305-unit property stand at a healthy $2,051 psf.Finally, the only unit at Amber Park to go for less than $2,200 psf was the five-bedroom unit sold for $1,956 psf on June 16. The freehold condo, jointly developed by City Development Ltd and Hong Realty, has an average price of $2,515 psf.This week, two condos set new psf-price highs. The Atria at Meyer topped the list, with a 1,475 sq ft, three-bedroom unit on the second floor selling for $3.12 million ($2,116 psf). Sturdee Residences followed closely behind, with a 420 sq ft, one-bedroom unit on the 17th floor selling for $888,000 ($2,115 psf).

The Atria at Meyer is one condo that made the list of units that scored new psf-price highs from June 9 to 16. On June 12, the freehold development located in the Marine Parade area in District 15 sold a 1,475 sq ft, three-bedroom unit on the second floor for $3.12 million ($2,116 psf). This price surpasses the previous record high of $3.35 million ($2,075 psf) set last year, when a 1,615 sq ft two-bedder on the 13th floor changed hands on April 8.

Developed by UOL Group, this 915-unit condominium will be a desirable choice for those seeking an upscale, modern, and high-quality living experience. Furthermore, Tampines Ave 11 Condo UOL Group is conveniently located near the Tampines Expressway and within close proximity to amenities such as shopping malls, schools, and transport nodes. With features and facilities that promote healthy and active lifestyles, the condominium is an ideal choice for families of all sizes.

The 158-unit condo has a mix of two to four-bedroom units from 1,044 sq ft to 2,949 sq ft, and is one of a handful of condos along Meyer Road which face East Coast Park and the sea. Other condos on this stretch include The Seafront on Meyer, Hawaii Tower, the upcoming Meyer Mansion, Meyer Park, and The Meyerise.

For the past 20 years, The Atria at Meyer has seen a significant increase in average transaction prices. Recently, the average price of the condo was $2,043 psf, compared to $875 psf back in June 2003. The Atria at Meyer is currently on-par with some of the surrounding freehold condos, with The Seafront on Meyer seeing an average price of $2,083 psf, and Hawaii Tower $1,760 psf. Luxury project Meyer Mansion, on the other hand, commands the highest price of $2,747 psf.

The second highest psf-price peak set for the week is at Sturdee Residences, a 99-year leasehold condo on Beatty Road in District 8. On June 15, a 420 sq ft, one-bedroom unit on the 17th floor was sold for $888,000 ($2,115 psf). The 305-unit property has a mix of one to five-bedroom units from 420 to 1,830 sq ft, and saw an average price of $1,550 psf at the time of its VIP preview event on April 23, 2016.

Average resale prices at Sturdee Residences stand at a healthy $2,051 psf, and rentals bring in yields of about 3.9%. Price growth at the condo has been steady over the past few years, moving up from $1,660 psf in June 2020.

Amber Park was the only condo to end the week by setting a new psf-price low. On June 16, the developer, City Developments Ltd (CDL), sold a 2,045 sq ft, five-bedroom unit on the ground floor for $4 million ($1,956 psf). This price is lower than the sale of a 1,572 sq ft four-bedder on the fifth floor for $3.5 million ($2,226 psf) on Oct 24, 2021.

Jointly developed by mainboard listed property group CDL and Hong Realty, the Amber Park is a freehold development located on Amber Gardens in District 15. Units at the 592-unit condo range from a one-bedroom-plus-study unit of 463 sq ft to a six-bedroom-plus-study penthouse of 5,005 sq ft. At the time of its sales launch on May 5, 2019, the project was sold at an average price of $2,425 psf.

The average price at Amber Park currently stands at $2,515 psf, the highest among the condos in the Amber Park neighbourhood, which includes One Amber and The Esta. The newly completed Amber Sea on Amber Road, meanwhile, has an average price of $2,628 psf.

This week, two condos set record new psf-price highs, the highest being at The Atria at Meyer. Sturdee Residences followed closely behind, while Amber Park set a new psf-price low. Despite the recent low price, Amber Park holds the highest average price in its neighbourhood, and is close to being sold out.