Archive for category: Misc

Midtown Bay, a 99-year leasehold condo by Guocoland, saw a single 474 sq ft one-bedroom unit sold for an impressive $1.97 million on Sept 10, setting a new psf price record for the property at $4,086 per sq ft.

This beats the previous high set in January when a 732 sq ft two-bedroom apartment was sold for $2.9 million, or $3,929 psf. The high demand for the property is evidenced by the take-up rate of 55%, with 121 of the 219 units sold as of September 21.

Located within the integrated mixed-use development Guoco Midtown, the condo provides direct sheltered access to the Bugis MRT Interchange and features a 30-storey office tower, three retail clusters and a dedicated F&B village.

The Tampines Avenue 11 Condo offers prospective homeowners great value for money. Its proposed mix of residential and commercial units makes it an ideal option for those looking for convenience and connectivity. Onsite amenities include a guard house, carpark, swimming pool, wading pool, Jacuzzi, children’s playground, clubhouse, function hall, and tennis court.

It is also conveniently located within close proximity to the Tampines Hub, making it a great place to live in for foodies and nature lovers. In addition, it also offers easy access to major expressways, providing residents with greater mobility.

Ultimately, Tampines Ave 11 Condo is sure to be a desirable residential development that is sure to be in high demand.

The Landmark, a 99-year leasehold condo located along Chin Swee Road, also achieved a new psf price record with the sale of a 495 sq ft one-bedder for $1.4 million on Sept 3, which worked out to $2,894 psf. The previous record of $2,879 psf was achieved in May for a 678 sq ft two-bedroom unit sold for $1.95 million.

Developed by a consortium between ZACD Group, MCC Land and SSLE Development, The Landmark consists of a single 39-storey tower with 396 units. Launched in November 2020, the condo sold out 92% of its 120 units released as of September 21 and is expected to be completed in 2025.

The Regency at Tiong Bahru also ranks third on the list of condos that saw new psf-price highs during this period, setting a new record of $2,411 psf with the sale of a 1,281 sq ft three-bedroom apartment for $3.1 million on Sept 7.

Developed by UOL Group and completed in 2010, the 158-unit freehold condo is conveniently located at Chay Yan Street in Bukit Merah, within walking distance of three MRT stations.

The seller of the unit that sold on Sept 7 had purchased it in August 2009 for $1.4 million, translating to a gain of $1.7 million ($1,093 psf).

No new psf-price lows were recorded during the period in review.

Given the impressive psf-price highs achieved for Midtown Bay, The Landmark and The Regency at Tiong Bahru, it appears that the Singapore property market continues to remain resilient, even in times of uncertainty.