SINGAPORE (EDGEPROP) – This week, we look at condominium projects that have achieved new highs in terms of psf prices and those that have seen new lows. This is based on URA Realis data for the period of Aug 6 to 13.
The highest transaction recorded on a psf basis was for a 452 sq ft, one-bedroom unit at Dunearn 386. The fifth-floor unit was sold for $1.18 million, or $2,608 psf, on Aug 11, which is a new high for the freehold boutique development by Roxy-Pacific Holdings.
The transaction came just five days after the development logged a new low of $2,101 psf on Aug 6, for a 1,163 sq ft, five-bedroom unit on the third floor. The lower psf prices were attributable to the sizes of the five-bedders, which are the largest in the development.
Dunearn 386 is a low-rise, five-storey residential project with just 35 units, located along Dunearn Road in prime District 11. It comprises one- to five-bedders ranging from 452 sq ft to 1,163 sq ft. The development enjoys close proximity to the Singapore Botanic Gardens, Botanic Gardens MRT Station on the Circle and Downtown Lines, and Coronation Shopping Plaza.
According to caveats lodged, the project has sold 24 units since its launch in July 2019.
Another property that saw a new high in terms of psf price is the freehold Casabella on Duchess Avenue in prime District 10. On Aug 11, a 1,249 sq ft, three-bedroom unit was transacted for $2.22 million, or $1,774 psf.
Completed in 2005, the project was developed by CapitaLand. Casabella has 82 units which are made up of 60 apartments, 14 townhouses and eight strata semi-detached units. There are two 5-storey buildings comprising two- to four-bedroom units.
Casabella is located near premier institutions such as Hwa Chong Institution and Nanyang Girls’ High School. Several private clubs such as The American Club, The British Club, The Japanese Association and Singapore Island Country Club are within the vicinity as well.
On Aug 9, a 667 sq ft unit at Royalgreen changed hands for $1.68 million. The unit is a two-bedroom apartment on the second level of a five-storey block. The sale price translates to $2,517 psf, making it the lowest psf price transacted in the 285-unit freehold development to date.
Another 667 sq ft, two-bedroom unit on the third floor of the same block was sold for $1.69 million or $2,537 psf, according to a caveat lodged on Aug 12.
Royalgreen is located on Anamalai Avenue, off Bukit Timah Road, and is a redevelopment of the former freehold Royalville collective sale site. The new development has a mix of two- to four-bedroom apartments in eight 5-storey blocks, with sizes ranging from 635 sq ft to 1,475 sq ft. It is situated within walking distance of the Sixth Avenue MRT Station on the Downtown Line. There is a park connector that will bring residents to the Holland Green Linear Park.
Royalgreen is the third of Allgreen Properties’ trilogy of projects in prime District 10 that make up the Bukit Timah Collection. The other two projects are the 476-unit Fourth Avenue Residences and the 115-unit Juniper Hill at Ewe Boon Road. All three projects were launched in 2019.