SINGAPORE (EDGEPROP) - In this column, 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 Feb 28 to March 6.
The highest transaction recorded on a psf basis was for a 700 sq ft unit at Juniper Hill. The two-bedroom unit located on the ninth floor was sold for $2.12 million, or $3,028 psf, on Feb 28.
See also: Juniper Hill: A freehold haven in prime District 10
Juniper Hill is a freehold development currently under construction in District 10’s Bukit Timah-Tanglin enclave. Developed by Allgreen Properties, which is part of the Kuok Group, Juniper Hill has 115 units housed in a 12-storey tower.
Juniper Hill is slated to get its TOP (temporary occupation permit) in 2Q2022. To date, 39% of its units have been taken up, with an average price of $2,752 psf, based on caveats lodged. The property is within walking distance of Stevens MRT Station along the Downtown Line. It is also a five-minute drive away from Orchard Road.
Watermark Robertson Quay is another development that saw a new psf price high, after a 1,324 sq ft unit changed hands for $2.88 million, or $2,175 psf, on March 3. The unit sold is a three-bedder which comes with a study room and is located on the ninth floor. It was previously purchased in November 2012 for $2.25 million, or $1,699 psf.
Located in District 9, Watermark Robertson Quay was completed in 2008 and comprises 206 freehold units. It was developed by Hong Leong Holdings. The property is a 14-minute walk to the upcoming Havelock MRT Station on the Thomson-East Coast Line.
Meanwhile, Haus on Handy reached a new low on a psf basis following the sale of a 517 sq ft unit on the third floor for $1.35 million, or $2,615 psf, on March 1. The unit sold is a one-bedder that comes with a study area.
Haus on Handy is a 99-year leasehold project by City Developments Ltd (CDL) located on Handy Road in District 9, off Orchard Road. The project site — the last residential development plot available on Handy Road — was sold to CDL in January 2019 after it outbid nine other competitors.
The development has a mix of one-, two- and three-bedroom premium and dual-key units, with sizes ranging from 420 to 980 sq ft. A total of 188 units are located across two residential towers. The project is expected to be completed in 2023. To date, 28% of units have been sold at an average price of $2,795 psf.
Haus on Handy is a short walk away from the Dhoby Ghaut MRT Station, which serves as an interchange for the NorthSouth, North-East and Circle Lines. It is also located close to several shopping malls including Plaza Singapura, The Atrium@Orchard and The Cathay.
Check out the latest listings near Juniper Hill, Watermark Robertson Quay, Haus on Handy, Stevens MRT Station, Havelock MRT Station, Dhoby Ghaut MRT Station