Goodwood Residence achieves new high of $2,988 psf

Freehold condo Goodwood Residence topped the list of condos that saw new psf-price highs between Sept 19 and Oct 3. The condo recorded the sale of a 10,710 sq ft, five-bedroom penthouse for $32 million on Sept 27. The seller and first owner of the unit had purchased it in June 2014 for $15.6 million ($1,457 psf), which means they made a profit of $16.4 million on the sale. According to the EdgeProp Research tool, the penthouse’s original floorplan shows that it comes with five bedrooms, a dedicated wine room, and a roof terrace.

A five-bedroom penthouse at Goodwood Residence was sold for $32 million on Sept 27 (Photo: EdgeProp Singapore).

The transaction is the sixth one at the condo this year. Prior to this, a 2497 sq ft two-bedder was sold for $7.15 million in June. The Sept 27 transaction also beats the condo’s previous high of $2,940 psf, when a four-bedder changed hands for $7.5 million in November 2017.

Located along Bukit Timah Road, District 10, Goodwood Residence was developed by Guocoland’s Goodwood Residence Development and completed in 2013. The condo has 210 units and was designed by local architecture company Woha. According to EdgeProp LandLens, 38.6% of its buyers are Singaporeans, while 28.2% consists of permanent residents, and the remaining 24.3% are foreigners.

Park Place Residences saw a new high of $2,442 psf when a 484 sq ft one-bedder was sold for $1.18 million on Sept 29 (Photo: Samuel Isaac Chua/EdgeProp Singapore).

Park Place Residences at Paya Lebar Quarter (PLQ) saw the second highest psf-price high during the period of review. The 99-year leasehold condo saw a new high of $2,442 psf when a 484 sq ft one-bedder was sold for $1.18 million on Sept 29. The seller bought the property at $1.005 million in April 2018, which means they made a profit of $178,000 on the sale.

The transaction beats the previous high of $2,427 psf recorded with the sale of a 667 sq ft two-bedder at $1.62 million in July last year. Based on caveats lodged in the past 12 months, the condo in District 14 has seen 20 units sold at an average price of $2,156 psf.

Developed by Lendlease, the condo was completed in 2019. It consists of 429 units, including one- to three-bedrooms spanning between 474 and 1,367 sq ft. The condo is part of PLQ, an integrated development that includes a shopping mall and three towers with almost one million sq ft of Grade-A office space. It enjoys excellent connectivity, with direct access to Paya Lebar MRT Station on the East-West Line. The entire project cost $3.7 billion and occupies over 4ha of land.

In District 11, Buckley Classique, a freehold condo on Buckley Road in Novena, also saw a new psf-price high, following the sale of a 1410 sq ft, three-bedroom unit for $3.25 million ($2,305 psf) on Sept 21. The previous psf-price high came from the sale of a 1,410 sq ft two-bedder at $3.24 million ($2,300 psf) in April 2013.

A three-bedroom unit at Buckley Classique was sold for $3.25 million on Sept 21, marking a new psf-price high of $2,305 psf (Photo: City Developments Limited).

This is the third transaction that the condo has seen this year. The first transaction was made in February, when a 3,563 sq ft four-bedder changed hands for $6.48 million ($1,819 psf). The second transaction was for a 1,475 sq ft three-bedder for $3.2 million ($2,170 psf) in July.

Buckley Classique was developed by City Developments and completed in 2014. The condo has 64 one- to five-bedroom units occupying between 1,098 and 4,359 sq ft. The majority of its buyers are Singaporeans, who make up 60% of the buyer profile.

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