Record-setting sale lifts Bijou to new high of $2,561 psf

Freehold apartment Bijou topped the list of private non-landed residential developments to hit a new psf-price peak in the week of May 26 to June 2. It scored a new high of $2,561 psf when a 753 sq ft one-bedder on the fifth floor changed hands for $1.93 million on May 26.

At Bijou, the resale of a 753 sq ft one-bedder set a new record of $2,561 psf (Photo: Samuel Isaac Chua/EdgeProp Singapore)

This edges out Bijou’s previous record of $2,538 psf, jointly held by two developer sales at the project’s launch in 2014. The apartments, spanning 764 and 786 sq ft, fetched $1.94 million and $1.99 million, respectively.

Located along Jalan Mat Jambol in District 5, Bijou is a low-rise development housing 120 apartments. The majority are one-bedders measuring between 506 and 775 sq ft. The development also features a retail podium with 15 commercial units.

Bijou is within a four-minute walk of Pasir Panjang MRT Station, while nearby dining and lifestyle amenities at Labrador Tower and Alexandra Retail Centre are about a three-minute drive away.

In terms of absolute price, the most expensive transaction at the development is a 1,324 sq ft apartment that was sold for $2.74 million ($2,068 psf) by the developer in August 2014.

The second-highest psf-price peak for the week came from a 958 sq ft, two-bedroom unit at One Amber. The 22nd-floor unit fetched $2.43 million ($2,537 psf) on May 29. The previous psf-price high at the condo was recorded a month earlier, with the sale of a 1,259 sq ft unit for $3.07 million ($2,434 psf) on April 20.

One Amber reached a new high of $2,537 psf when a 958 sq ft two-bedder was sold for $2.43 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Going by caveats compiled by EdgeProp Singapore, One Amber has an average resale price of $2,314 psf, based on transactions over the last 12 months. This is higher than nearby developments such as Ola Residences and Vertis, which average $1,353 and $1,930 psf, respectively, but still trails newer projects such as Amber Park at $2,894 psf.

One Amber is a freehold condominium located off Mountbatten Road in District 15, completed in 2010.The 562-unit development comprises a mix of one- to four-bedroom units of 570 to 3,100 sq ft. There are also four-bedroom penthouses spanning 2,659 to 3,541 sq ft.

Meanwhile, only one development set a new psf-price low during the period in review. At Marina One Residences, a 786 sq ft one-bedder changed hands for $1.32 million on May 29, setting a new record low of $1,680 psf at the 99-year leasehold development.

The deal marks the first time an apartment at the development has been transacted below the $1,700 psf threshold. The previous record low of $1,701 psf was set just one day earlier, when a smaller 764 sq ft apartment was sold for $1.32 million.

Marina One Residences posted its first transaction below the $1,700 psf mark, with the sale of a 786 sq ft one-bedder for $1.32 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Located along Marina Way in District 1, Marina One Residences is part of the larger Marina One integrated development, which includes Grade A office towers and retail components. Completed in 2017, the 99-year leasehold project houses 1,042 apartments with one- to four-bedroom layouts of 764 to 2,250 sq ft.

The development is within a three- to six-minute walk from Shenton Way, Downtown and Marina Bay MRT stations. Nearby food and retail options include Marina Bay Link Mall and Marina Bay Sands.

Caveats lodged show that the development has logged 19 resale deals in 2026 thus far, at an average price of $1,941 psf.

Excluding the May 28 and 29 transactions, the remaining apartments — sized between 657 and 1,593 sq ft — were transacted at prices ranging from $1,716 to $2,140 psf.

For more news and analysis, read our weekly e-paper. Prefer a print copy? Get it delivered to your home every Monday.