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Freehold condo Tiara achieves new high of $2,438 psf

By Nur Hikmah Md Ali

/ EdgeProp Singapore |

February 23, 2024 8:00 AM SGT

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Tiara topped the list of condos that saw new psf-price highs from Feb 2 to 8. This came from the resale of a 1,346 sq ft three-bedder for $3.28 million ($2,438 psf) on Feb 7. This beats the condo’s previous high of $2,326 psf, which came from the sale of a similarly sized unit for $3.13 million in October last year.

Tiara saw a new psf-price high from the resale of a three-bedroom apartment for $3.28 million on Feb 7 (Photo: Allgreen Properties)

Tiara is a freehold condo on Kim Seng Walk near the Singapore River in District 9. Completed in 1995, the development houses 264 units. These include two- and three-bedroom apartments of between 893 and 1,561 sq ft.

Another freehold condo, Valley Park, also saw a new high of $2,273 during the period in review. This came from the sale of a 1,109 sq ft, two-bedroom unit for $2.52 million on Feb 7.

Read also: Newton One hits new high of $2,375 psf

Valley Park on River Valley Road achieved a new high of $2,273 psf during the period in review (Photo: Samuel Isaac Chua/EdgeProp Singapore)

This is the second transaction at Valley Park this year. The first sale occurred on Jan 26 and involved a 1,216 sq ft two-bedroom unit that was sold for $2.54 million ($2,087 psf).

The Feb 7 transaction at the condo beats its previous high of $2,264 psf, which came from the sale of a 1,701 sq ft three-bedder for $3.85 million in July last year. Based on caveats lodged, the July sale was one of the 12 transactions that occurred at the condo last year.

Valley Park is a 999-year leasehold condo on River Valley Road in prime District 10’s Tanglin area. The condo was completed in 1997 and comprises 728 units. The units are a mix of one- to four-bedroom units of 732 to 1,808 sq ft, spread across five high-rise blocks. Valley Park also houses penthouses of 2,562 sq ft each.

Freehold condo The Cascadia also achieved a new high of $2,241 psf during the period in review. This occurred when a 1,410 sq ft, four-bedroom apartment changed hands for $3.16 million on Feb 5.

This beats the previous high of $2,222 psf achieved from the sale of a 1,238 sq ft three-bedroom unit for $2.75 million in October last year.

Freehold condo The Cascadia saw a new high of $2,241 psf from the resale of a 1,410 sq ft, four-bedroom unit for $3.16 million on Feb 5 (Photo: Samuel Isaac Chua/EdgeProp Singapore)

The Cascadia has seen five transactions this year, as of Feb 8. Besides the Feb 5 sale, all resale transactions occurred in January. The latest was transacted on Jan 22 and involved a 1,496 sq ft unit that changed hands for $3.19 million ($2,132 psf).

Read also: One Bernam achieves new high of $3,344 psf

Located on Bukit Timah Road in Bukit Timah (District 21), The Cascadia was completed in 2010 and has 536 units. These are a mix of two- to four-bedroom units sized from 882 to 1,593 sq ft; studios sized from 570 to 710 sq ft; as well as penthouses sized from 1,679 to 5,231 sq ft.

No new psf-price lows were recorded during the period in review.

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