Tembusu Grand, a 99-year leasehold condo in the historic Katong district within the Marine Parade Planning Area, topped the list of private non-landed residential developments that hit a new psf-price high during the May 17–26 period. It recorded a new price peak of $2,881 psf with the sub-sale of a 1,173 sq ft, three-bedroom unit for $3.38 million on May 18.

The new record is slightly above Tembusu Grand’s previous high of $2,878 psf, set just four days earlier when a 990 sq ft three-bedder fetched $2.85 million on May 14.

Located along Jalan Tembusu and just off Tanjong Katong Road in District 15, the development comprises four residential blocks, housing one- to five-bedders measuring between 527 and 1,711 sq ft. It also has two five-bedroom penthouses of 2,691 sq ft.

Read also: Three-bedder at Leedon Green scores new high of $3,496 psf

Over its launch weekend in April 2023, Tembusu Grand achieved a 53% take-up rate at an average selling price of $2,465 psf. Only five units remain unsold today, based on caveats lodged as at June 2 this year. The project obtained its temporary occupation permit in December 2025.

Excluding the record-breaking May 14 and May 18 transactions, there have been seven other sub-sales at the condo so far this year. Those units, measuring 667 to 1,432 sq ft, were sold at between $2,693 and $2,850 psf.

Coming in second among the projects that hit new psf-price peaks during the week in review is Nava Grove in District 21. Developers sold a 786 sq ft, two-bedroom unit on the 24th floor for $2.2 million on May 18, setting a new record high of $2,804 psf at the 99-year leasehold condo.

This is the second time a unit at Nava Grove has transacted above $2,800 psf.  Its previous record-setting sale was recorded two weeks earlier, when a 700 sq ft two-bedder was purchased from the developers for $1.96 million ($2,802 psf) on April 29.

The 552-unit condo along Pine Grove is slated for completion in 2028. Unit types range from two- to five-bedroom layouts sized between 624 and 1,722 sq ft.

During its launch weekend in November 2024, Nava Grove had achieved a 65% take-up rate at an average transaction price of $2,448 psf. It is currently 99% sold with prices averaging $2,493 psf, based on URA Realis data as at the time of writing.

Read also: Resale condo unit at Grange Residences scores new price high of $3,611 psf

Meanwhile, two projects hit new psf-price lows during the period in review. At Cluny Park Residence, a 1,216 sq ft two-bedder on the first floor changed hands for $2.68 million ($2,203 psf) on May 20.

The previous all-time low at the freehold District 10 condo was recorded on Feb 12, when a smaller, 1,195 sq ft unit went for $2.7 million ($2,260 psf).

Completed in 2016, Cluny Park Residence houses 52 units in a single residential tower, ranging from two- to four-bedders of 754 to 2,842 sq ft.

Another new psf-price low was posted at Skywaters Residence, an ultra-luxury 99-year leasehold project housed in a CBD skyscraper, when a unit was sold for $5,001 psf. The 2,896 sq ft apartment on the 39th floor fetched $14.48 million in late May.

This is the first time an apartment at Skywaters Residences has transacted below the $5,800 psf threshold. The previous record low of $5,841 psf was set in June last year when a 5,285 sq ft apartment on the 55th floor was sold for $30.87 million.

The 146-unit Skywaters Residences will sit at the upper floors, between levels 32 and 63, of the upcoming 305m skyscraper, The Skywaters.

Read also: Nava Grove hits new price high of $2,802 psf

Situated along Prince Edward Road in Tanjong Pagar, the integrated development will also include the Aman Singapore hotel on levels 24 to 26, and Aman-branded residences on levels 28 to 30.

Grade A offices will occupy levels three to 22, while the retail component spans three storeys, running from the basement to level two.

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