Fyve Derbyshire, The Landmark hit new highs in psf price

By Hailey Yu
/ EdgeProp Singapore |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - In the week of June 3 to 11, upcoming development Fyve Derbyshire clocked a psf price high through the sale of a two-bedroom apartment.
The 657 sq ft unit is located on the 17th floor, and was sold by the developer Roxy-Pacific Holdings on June 8 for $1.77 million, setting a new psf price record for the development at $2,691. This surpasses the previous psf record price, when a similar two-bedroom unit of the same size on the 18th floor was sold last month for $1.76 million, or $2,673 psf.
Scale model of Fyve Derbyshire - EDGEPROP SINGAPORE
Scale model of Fyve Derbyshire, expected to be completed at the end of this year (Credit: Samuel Isaac Chua/ The Edge Singapore)
Located along Derbyshire Road within the Novena area in prime District 11, Fyve Derbyshire is a boutique freehold project with a total of 71 units housed in the 19-storey residential tower. The development is expected to be completed by the end of the year.
As of June, 83% of the units have been sold at a median price of $2,329 psf, based on caveats lodged with URA.
Residential units at Fyve Derbyshire consist of two- and three-bedders with sizes ranging from 560 to 936 sq ft. The development is within a 10-minute walk to the Novena MRT Station on the North-South Line, and is connected to the Velocity @ Novena Square shopping mall. United Square shopping mall and Novena Medical Center are within walking distance as well.
The upcoming development The Landmark also hit a psf price high for the week. On June 11, a 495 sq ft, one-bedroom apartment on the 21st floor was sold for $1.29 million, or $2,601 psf. This marks the highest psf price recorded within the development, exceeding the previous psf price of $2,592 when a 21st-floor unit of the same size was bought for $1.28 million on May 17.
Located adjacent to Pearl Hill City Park in the Outram area, in District 3, The Landmark is a joint venture between MCC Land, ZACD Group and SSLE Development. The 99-year leasehold project is scheduled for completion in March 2025. It will consist of a mix of one- to three-bedroom units ranging from 495 to 1,141 sq ft, with private lift access.
Chinatown MRT Station, on the Downtown and North-East Lines, is located within a 10-minute walking distance away. Nearby malls include Chinatown Point and UE Square, both a short drive away. The CBD and Orchard Road are also readily accessible.
The freehold Thomson Euro-Asia also reached a record psf price for the week, when a 1,130 sq ft, three-bedroom apartment on the third floor was sold on June 8 for $2.5 million, or $2,212 psf. In December last year, another three-bedroom apartment on the sixth floor was sold for $2.8 million, or $2,168 psf.
Located on Thomson Road in District 11, the 136-unit development was completed in 2002. The development comprises a 30-storey residential tower, and is within walking distance to Novena MRT Station (North-South Line) and the Velocity Shopping Centre.
No new psf price lows were recorded during the week.

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.

View More