Coastline Residences hits new high of $3,119 psf
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 Oct 30 to Nov 5.
Highest psf prices
Coastline Residences hit a new high in terms of psf price when a 710 sq ft, two-bedroom unit on the 20th floor was sold for $2.22 million, or $3,119 psf, on Nov 2.
The freehold development, located on Amber Road in District 15, last hit a new-high psf price on Oct 7, when another 710 sq ft, two-bedroom apartment located on the 19th floor was sold for $2.18 million, or $3,062 psf.
Coastline Residences has 144 units housed in twin 21-storey blocks. The project is developed by SL Capital, a consortium led by Sustained Land, as well as Ho Lee Group, Goodland Group and Kwong Lee. Coastline Residences is a redevelopment of the former Parkway Mansion, which SL Capital had purchased en bloc for $146.99 million in December 2017. (See potential condos with en bloc calculator)
Coastline Residences hit a new psf price high after a 710 sq ft unit sold for $2.22 million on Nov 2 (Credit: Coastline Residences Brochure)
Coastline Residences comprises one- to three-bedroom units with sizes ranging between 452 sq ft and 2,885 sq ft. There is also one five-bedroom penthouse unit measuring 2,885 sq ft.
The site has a land area of about 38,976 sq ft, and boasts views of the sea at the East Coast. It is located within a five-minute walk to the upcoming Tanjong Katong MRT Station on the Thomson-East Coast Line.
Coastline Residences is expected to receive its temporary occupation permit (TOP) next year.
Another project that hit a new psf price high is MeyerHouse. The freehold development in Marine Parade along Meyer Road saw a three-bedroom unit measuring 2,110 sq ft change hands for $5.91 million, or $2,800 psf, on Nov 2.
Launched in mid-2019, it is a redevelopment of the former Nanak Mansions which sits on a freehold plot of about 109,630 sq ft in prime District 15.
Meyerhouse is a 56-unit luxury development by Kheng Leong Co and UOL Group (Credit: Samuel Isaac Chua/The Edge Singapore)
At its launch, the developers hailed it as “the Nassim of the East”, after the prestigious neighbourhood in prime District 10.
Units at MeyerHouse are arranged around a central landscaped courtyard, with a swimming pool and water features. Every unit will therefore have a view of the greenery. Facing units are set at least 45m apart for greater privacy.
The smallest units in the development are three-bedroom apartments, with sizes from 1,862 to 2,013 sq ft. The majority, or 40 out of the 56 units, are four-bedroom apartments with sizes between 2,820 and 3,315 sq ft. There are also six penthouses that have sizes from 5,662 to 5,683 sq ft. Every unit will have its own dedicated lift.
Meyerhouse is expected to receive its TOP in 2022.
Lowest psf prices
No new lows in terms of psf price were recorded for the period between Oct 30 and Nov 5. This is the second time we have seen a week with no new lows since we started tracking the data in this weekly column in July.
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