Four-bedder at Grange Residences sets record psf-price high of $3,576
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The sale of a four-bedroom unit at Grange Residences, a freehold condo in prime District 10, has topped the list of transactions that set a new psf-price high for condos during the week of Sept 5 to Sept 12. The 2,852 sq ft unit on the 15th floor was sold for $10.2 million on Sept 8, setting a record price of $3,576 psf at the development. In terms of absolute price, this also makes it the most expensive resale unit at Grange Residences to date.
The psf-price is 3.6% higher than the condo’s previous record of $3,453 psf, which was set on June 30 when a similar four-bedroom unit on the fourth floor was sold for $9.85 million.
The new high at Grange Residences was achieved with the sale of a 2,852 sq ft unit for $10.2 million ($3,576 psf) on Sept 8 (Photo: Samuel Isaac Chua/The Edge Singapore)
Completed in 2004, Grange Residences is a 164-unit development on Grange Road, nestled within the exclusive Tanglin area. The condo comprises three 18-storey residential blocks, which house four-bedroom units measuring 2,486 sq ft to 2,852 sq ft.
Based on lodged caveats, the development has recorded five resale transactions to date this year, including the units sold on June 30 and Sept 5. Earlier deals include a 2,583 sq ft unit that changed hands for $8.5 million ($3,290 psf) on Aug 21, and a 2,852 sq ft four-bedroom unit that sold for $9.73 million ($3,414 psf) on July 3. Meanwhile, another 2,852 sq ft unit was sold for $9.72 million ($3,408 psf) on Feb 26.
The Woodleigh Residences also achieved a new psf-price peak during the period in review. This came from the sub-sale of a 958 sq ft, three-bedroom unit on the 11th floor for $2.72 million, or $2,839 psf, on Sept 9.
The new psf-price high is 0.7% higher than the development’s previous record of $2,818 psf that was set on May 19, when a similar 958 sq ft unit was sold for $2.7 million. It is also the second time a unit at The Woodleigh Residences has transacted above the $2,800 psf threshold.
The Woodleigh Residences, a 99-year leasehold development in District 13, is located along Bidadari Park Drive, off Upper Aljunied Road and Upper Serangoon Road. It forms part of an integrated development that includes The Woodleigh Mall, with direct access to Woodleigh MRT Station on the North-East Line and an underground bus interchange.
A 958 sq ft unit at The Woodleigh Residences was sold for $2.72 million on Sept 9, resulting in a new peak of $2,839 psf (Photo: Google Maps)
The 667-unit development houses two- to three-bedroom units ranging from 570 sq ft to 958 sq ft, as well as four-bedroom units spanning 1,270 sq ft to 1,475 sq ft.
To date, The Woodleigh Residences has seen a total of 100 sub-sale transactions, 97 of which occurred after the project received its temporary occupation permit in 2Q2023.
Read also: Orchard Sophia hits new low of $2,629 psf
Based on lodged caveats, the average sub-sale prices have steadily increased. In 2023, the development recorded 23 sub-sale transactions at an average of $2,301 psf. Meanwhile, the condo has logged 31 sub-sale transactions to date this year at an average price of around $2,487 psf.
At the other end of the table, OUE Twin Peaks saw a new psf-price low of $1,982 psf during the period in review, when a 549 sq ft, one-bedroom unit on the 17th floor was sold for around $1.09 million on Sept 10. This marks the first time a unit at OUE Twin Peaks has dipped below the $2,000 psf threshold, falling below the development’s previous record low of $2,077 psf established in May 2024 when a similar 549 sq ft unit sold for $1.14 million.
A one-bedroom unit at OUE Twin Peaks was sold for $1.09 million on Sept 10, setting a new psf-price low of $1,982 psf (Photo: Samuel Isaac Chua/The Edge Singapore)
Completed in 2015, OUE Twin Peaks is a 99-year leasehold development located along Leonie Hill Road. The project features 462 apartments across two 35-storey towers comprising one- to three-bedroom units ranging from 549 sq ft to 1,604 sq ft.
To date, the development has recorded 18 resale transactions this year, including the Sept 10 transaction. Previous deals range from a 1,055 sq ft, two-bedroom unit that sold for $2.28 million ($2,161 psf) on May 30, to a 1,399 sq ft, three-bedroom unit that was sold for $3.43 million ($2,451 psf) on May 6.
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