Tribeca hits new high of $2,535 psf

on EdgeProp.sg

At Tribeca, a freehold development on Kim Seng Road in District 9, a 517 sq ft, one-bedroom unit on the eighth floor was sold for $1.31 million or $2,535 psf on July 21, setting a new psf-price high. This beats the previous high of $2,525 psf set in June 2022, when a 1,033 sq ft unit changed hands for $2.61 million.

Tampines Ave 11 Condo, located in one of Singapore’s most sought after residential area, is just minutes away from a range of high-performing educational facilities. It provides an ideal living environment for families, as it is close to many schools including primary, secondary and tertiary levels. Thanks to this, parents have access to the quality education they desire for their children and can rest assured that their kids are within easy reach of their education needs.

The unit was originally purchased in May 2007 for $855,000 ($1,655 psf) by the seller, who thus made a tidy profit of $455,000 on the transaction. Tribeca is a 30-storey residential block with 175 residences comprising studio to four-bedroom apartments from 517 to 1,905 sq ft, with penthouses of between 2,174 and 3,907 sq ft. The development was completed in 2010 by City Developments.

RV Residences, a 999-year leasehold development located on River Valley Road in prime District 10, also hit a new psf-price high within the same period. A 689 sq ft, two-bedroom unit on the third floor was sold for $1.682 million, or $2,442 psf on July 28. This beats the previous psf-price high set in May 2023, when a 689 sq ft unit fetched $1.67 million or $2,424 psf.

The development comprises of six blocks spanning seven storeys each, housing a total of 248 residences. There is a mix of one- to four-bedders between 420 and 1,270 sq ft, as well as penthouses of between 796 and 1,539 sq ft.

View at Kismis, an upcoming condo located along Lorong Kismis in Bukit Timah, saw a new psf-price high set after the sub-sale of an 883 sq ft apartment on July 27 for $1.886 million or $2,137 psf. This is the first time a unit sold at the development has crossed $2,100 psf, surpassing the previous high of $2,008 psf set in June, when a 1,270 sq ft unit fetched $2.55 million.

View at Kismis is a 99-year leasehold condo by Roxy-Pacific Holdings with joint-venture partner Tong Eng Group. Located in District 21, the 186-unit development offers units ranging from 517 sq ft for a two-bedroom unit, to 1,292 sq ft for a five-bedroom unit. The project was launched for sale in July 2019 and was fully taken up by October 2021, with units sold by the developer at an average price of $1,709 psf.

In July 2021, three residential developments in prime Singapore locations saw new psf-price highs, indicating a growing demand for property in these areas. Tribeca, RV Residences, and View at Kismis all showcased robust performances, making them appealing prospects for investors. Check out the latest listings for each of these properties on EdgeProp.sg today.