A three-bedroom unit sale at Commonwealth Towers topped the list of transactions that set new psf-price peaks for their respective condos during the week of Aug 1 to 8. The 99-year leasehold development reached a new high of $2,536 psf on Aug 6, when a 1,076 sq ft unit on the 43rd floor was sold for $2.73 million.
The record-setting sale at Commonwealth Towers surpasses the condo’s previous high of $2,460 psf, set in December 2024 when a 904 sq ft, three-bedroom unit on the 40th floor fetched $2.22 million.
Commonwealth Towers saw a new psf-price high of $2,536 during the period in review (Photo: Samuel Isaac Chua/EdgeProp Singapore)
In terms of absolute price, the most expensive unit to change hands at Commonwealth Towers was a 1,302 sq ft, four-bedroom unit on the 39th floor that sold for $2.96 million ($2,273 psf) in November 2024.
Read also: Two-bedder at Orchard Sophia sets record psf-price high of $3,475
Completed in 2017, Commonwealth Towers is a 99-year leasehold condo located along Commonwealth Avenue in District 3. The development features two 43-storey residential blocks, which house 845 units. The units comprise a mix of one- to four-bedroom apartments spanning 441 sq ft to 1,302 sq ft.
Based on caveats lodged, the average resale price of units at Commonwealth Towers has been steadily rising in recent years. In 2023, the development saw 51 resales at an average of $2,097 psf. This rose to $2,200 psf across 37 transactions last year. So far in 2025, 29 units have been sold, including the Aug 6 sale, at an average of around $2,251 psf.
Freehold condo Watermark Robertson Quay also set a new psf-price high during the week when an 893 sq ft, two-bedroom unit on the ninth floor was sold for around $2.16 million, or $2,419 psf, on Aug 7.
The latest sale narrowly beats the condo’s previous record price of $2,417 psf, which was set just three months earlier when a 1,001 sq ft, two-bedroom unit was sold for $2.42 million on May 29.
A new benchmark was set at Watermark Robertson Quay on Aug 7 when an 893 sq ft unit sold for $2.16 million, translating to $2,419 psf (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Completed in 2008, Watermark Robertson Quay is located on Rodyk Street in District 9, overlooking the Singapore River. The development offers 206 residential units, including a mix of one- to four-bedroom units spanning 1,152 to 2,562 sq ft.
There have been three other resale deals at Watermark Robertson Quay this year, excluding the Aug 7 and May 29 transactions. Prices ranged from $2,189 psf, when a 1,873 sq ft unit was sold for $4.1 million on Aug 8, to $2,304 psf, which was recorded with the sale of a 1,324 sq ft, three-bedroom unit for $3.05 million on April 7.
Read also: Resale at Parc Clematis sets psf-price high of $2,575
Another development that topped the list of psf-price highs achieved during the period in review is Gallop Gables. A 1,744 sq ft, three-bedroom unit was sold for around $4.12 million on Aug 5, setting a new record of $2,356 psf.
The price marginally surpasses the development’s previous high of $2,354 psf that came with the sale of a 1,733 sq ft, three-bedroom unit for $4.08 million on May 8.
A three-bedroom unit at Gallop Gables was sold for $4.12 million on Aug 5, achieving a new psf-price high of $2,356 (Photo: EdgeProp SIngapore)
Gallop Gables is a low-density, 102-unit development along Farrer Road in prime District 10. Completed in 1997, the freehold condo comprises two- to four-bedroom units ranging from 1,130 to 3,412 sq ft.
The only resale transactions recorded at Gallop Gables this year occurred on May 8 and Aug 5. In 2024, three units were sold at an average price of $2,149 psf.
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