Ardmore Park scores new high of $3,744 psf

SINGAPORE (EDGEPROP) – This week, 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 Aug 1 to 10. (See also: Resale at Ardmore Park yields $4.7 mil profit)

The highest transaction recorded on a psf basis was for a 2,885 sq ft, four-bedroom unit at Ardmore Park condominium in the exclusive Ardmore Park area in prime District 10. It is just off Draycott Park and Draycott Drive. In the vicinity are the Tanglin Club and American Club, as well as the prime Orchard Road shopping malls.

The freehold unit on the 25th floor of Ardmore Park changed hands for $10.8 million, or $3,744 psf, on Aug 6, which is a new high for the luxury condominium project completed 20 years ago in 2001. Developed by Wheelock Properties, Ardmore Park Condo has three 30-storey towers. All the typical units in the development are four-bedroom, 2,885 sq ft units. Each tower has two duplex penthouses of 8,740 sq ft each. Even though Ardmore Park Condo was completed in 2001, and is therefore 20 years old today, it continues to be the bellwether for the luxury condominium market in the Ardmore Park enclave. (See: Discover insightful data of any Singapore condominium with our condo directory)

Another property that saw its highest psf price transaction is the 606-unit, Aspen Heights on River Valley Road in prime District 9. The 999-year leasehold condominium was developed by the former DBS Land (now CapitaLand) and comprises two Y-shaped 16-storey blocks. A 1,582 sq ft, four-bedroom unit on the 11th floor of one of the blocks changed hands for $3.31 million or $2,092 psf. Not only is the transacted price the highest to date, it is also the first within the development to have crossed the psychological $2,000 psf threshold.

Aspen Heights is conveniently located near the Robertson Quay neighbourhood as well as Fort Canning Park, as well as a short drive to the CBD and Orchard Road.

Dunearn 386, a freehold, boutique development by Roxy-Pacific Holdings, has just 35 units. The project is a low-rise, five-storey block along Dunearn Road in prime District 11. Since the project was launched in July 2019, 24 units have been sold, based on caveats lodged.

The one- and two-bedroom units, with sizes from 452 to 667 sq ft, were sold at prices ranging from $1.14 million ($2,524 psf) to $1.645 million ($2,465 psf). Meanwhile, four-bedroom units of 915 to 926 sq ft were sold at prices from $2.09 million ($2,284 psf) to $2.374 million ($2,565 psf).

The latest transactions in early August were for the 1,163 sq ft, five-bedroom units that fetched prices of around $2,44 million apiece or $2,101 psf. Because of the sizes of the units, which are the largest in the development, the psf prices have hit a new low.