SINGAPORE (EDGEPROP) – In this column, we look at condominium projects that have achieved new highs in terms of psf price and those that have seen new lows, based on URA Realis data for the period of Sept 27 to Oct 10.
The highest transaction recorded on a psf price basis was for a 1,410 sq ft unit at 19 Nassim. The three-bedroom apartment on the seventh floor was transacted at $5.29 million, or $3,751 psf, on Oct 8.
Read also: Seller of Grange Residences unit makes $3.9 mil profit
19 Nassim is a 99-year leasehold luxury condominium that has 101 units over a single 10-storey block. The development comprises one- to three-bedroom apartments, including two penthouses, measuring 538 sq ft to 1,830 sq ft. Selected two-bedroom units, as well as all the three-bedroom units, have access to private lift lobbies.
The project at 19 Nassim Hill is by developer Keppel Land, and is a redevelopment of its former project, Nassim Woods. 19 Nassim is located within the exclusive Nassim enclave in District 10. The condo is next to the Interpol Global Complex and in the vicinity of Singapore’s Embassy Row, with the Embassy of the US, the British High Commission, the Australian High Commission and the Embassy of the People’s Republic of China across the road. (Discover insightful data of any Singapore condominium with our condo directory)
The project is also close to the Singapore Botanic Gardens, Gleneagles Hospital, Napier MRT Station on the Thomson-East Coast Line, Tanglin Place Shopping Mall, and the Orchard Road shopping belt.
Three units at 19 Nassim have been sold so far, based on caveats lodged. And they have all transacted above $3,000 psf. The first unit sold was at its launch in March 2020, when a 570 sq ft, one-bedder fetched $1.91 million ($3,351 psf). The second unit to find a buyer was a 1,324 sq ft, three-bedder that fetched $4.5 million ($3,401 psf).
This latest sale of a 1,410 sq ft, three-bedder for $5.29 million or $3,751 psf is a new high in terms of psf price.
Another property that saw a new high in terms of psf price is the freehold Coastline Residences on Amber Road in District 15. On Oct 7, a 710 sq ft, two-bedroom apartment on the 19th floor was sold for $2.18 million, or $3,062 psf.
Coastline Residences has 144 units house in twin 21-storey blocks. The project is developed by SL Capital, a consortium led by Sustained Land, as well as Ho Lee Group, Goodland Group and Kwong Lee. Coastline Residences is a redevelopment of the former Parkway Mansion, which SL Capital had purchased en bloc for $146.99 million in December 2017.
The site has a land area of about 38,976 sq ft, and boasts views of the sea at East Coast beach. The project is also near Parkway Parade shopping centre, Chinese Swimming Club, the future Tanjong Katong MRT Station on the Thomson-East Coast Line, as well as schools like Tao Nan School, Ngee Ann Secondary School, CHIJ (Katong) Primary and CHIJ Katong Convent.
The Sanctuary @ Geylang registered a new low in terms of psf price following the sale of a 1,324 sq ft apartment on Sept 27.
The two-bedroom apartment on the eighth floor was transacted for $1.14 million, or $857 psf, which is an all-time low for the freehold development. The unit is the largest among the development’s 21 units, which could also be attributable to its low psf price.
Completed in 2014, The Sanctuary @ Geylang is a single eight-storey block. It is located in Geylang, in District 14. Several MRT stations are located near the development, such as Paya Lebar on the East-West and Circle Lines and Dakota on the Circle Line.
It is also within close range of eateries such as 126 Dim Sum Wen Dao Shi, Sean Kee Duck Rice and Banh Mi Thit by Star Baguette.
Another development that saw a new low in terms of psf price is The Quinn, a freehold project located along Bartley Road, in District 19. On Oct 7, a 1,744 sq ft, four-bedroom penthouse apartment was sold for $1.64 million, or $941 psf, while another four-bedroom penthouse apartment of 1,496 sq ft was sold for $1.41 million, which translates to $941 psf as well.
See: Combined duplex penthouse at The Quinn on the market for $3.5 mil
The Quinn was completed in 2016 by developer Top Global. It is a 139-unit, low-rise development with four 5-storey blocks. The units are a mix of one- to four-bedders measuring from 484 sq ft to 1,744 sq ft. The development is located near three MRT stations: Bartley on the Circle Line, Woodleigh on the North-East Line and Serangoon on the North-East and Circle Lines.
Check out the latest listings near 19 Nassim, Coastline Residences, The Sanctuary @ Geylang, The Quinn, Napier MRT Station, Paya Lebar MRT Station, Tanjong Katong MRT Station, Bartley MRT Station, Tao Nan School, Ngee Ann Secondary School, CHIJ (Katong) Primary and CHIJ Katong Convent