Altez achieves new high of $3,351 psf

/ EdgeProp Singapore |
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SINGAPORE (EDGEPROP) - In this column, we look at condominium projects that have achieved new highs in terms of psf price and those that have seen new lows, based on URA Realis data for the period of Dec 4 to 23.

Highest psf transactions

Altez topped the list with a new psf price high of $3,351 after a penthouse unit was sold for $14.83 million on Dec 8. The unit, measuring 4,424 sq ft, is located on the 62nd floor of the 99-year leasehold condominium in Tanjong Pagar.
A penthouse unit on the 62nd floor at Altez was sold for $14.83 million, or $3,351 psf, on Dec 8 (Credit: Samuel Isaac Chua/The Edge Singapore)
Developed by Far East Organization, Altez is a 280-unit project located on Enggor Street that was completed in 2014. The condo comprises a mix of one-, two- and three-bedroom units with sizes ranging between 527 and 1,729 sq ft. There are also penthouse units starting from 2,444 sq ft. (Discover insightful data of any Singapore condominium with our condo directory)
The development is connected to the Icon Village shopping mall and is also located next to the 100 AM retail mall. It is close to the financial district and transport links such as the Tanjong Pagar MRT Station and Marina Coastal Expressway.
Stirling Residences also hit a new psf price high after a 441 sq ft unit was sold for $1.11 million, or $2,511 psf, on Dec 11. The one-bedroom unit is located on the 36th floor of one of the 99-year leasehold development’s three towers.
Stirling Residences hit a new psf price high after a 441 sq ft unit was sold for $1.11 million, or $2,511 psf, on Dec 11 (Credit: Samuel Isaac Chua/The Edge Singapore)
There are 1,259 units in the development, which is a joint venture between two Chinese developers — the Hong Kong-listed Logan Group and Nanshan Group. Located in District 3 in the city-fringe, it enjoys close proximity to the Queenstown MRT Station.
The condominium has a mix of one- to four-bedroom units ranging from 441 to 1,970 sq ft. The development is slated to receive its temporary occupation permit (TOP) by April.

New lows

28 RC Suites, located in the Rochor area in District 8, hit a new psf price low after an 883 sq ft, one-bedroom unit changed hands for $900,000, or $1,020 psf, on Dec 8.
The freehold development, completed in 2016, was built by Sysma Properties, the property arm of construction firm Sysma Holdings. It has a total of 45 residential units as well as eight commercial units.
Located along Race Course Lane, the residential units are all one-bedders, with sizes ranging between 409 and 883 sq ft. The development is within walking distance to the Farrer Park and Little India MRT stations.
One Meyer, located in Marine Parade, also saw a new low in terms of psf price following the sale of a 1,033 sq ft unit for $2.52 million, or $2,438 psf, on Dec 5. The unit sold is a three-bedder located on the eighth floor.
A three-bedder at One Meyer changed hands for $2.52 million, or $2,438 psf, on Dec 5, marking a new psf price low for the condominium (Credit: Sustained Land)
The freehold boutique development by Sustained Land comprises 66 units with a mix of compact two- and three-bedroom apartments. The units’ sizes range from 614 to 1,033 sq ft. One Meyer is expected to obtain its TOP in mid-2023.
The apartment is located across the road from Katong Park and the upcoming Katong Park MRT Station on the Thomson-East Coast Line.

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