The Hyde sees new high of $3,325 psf
By Felicia Tan
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) – In this column, we look at condominium projects that have achieved new highs in terms of psf price and those that have seen new lows, based on URA Realis data for the period of Oct 11 to 16.
New highs
The highest-price transaction recorded on a psf basis was for a 947 sq ft unit at The Hyde. On Oct 16, the three-bedroom, two-bathroom apartment on the eighth floor changed hands at $3.15 million, or $3,325 psf.
Photo: Aurum Land
The Hyde is a freehold luxury condominium with 117 units in a 12-storey block at Balmoral Road in prime District 10. It is developed by boutique property developer Aurum Land, which is also a subsidiary under Woh Hup Holdings.
Units at The Hyde comprise one- to four-bedroom apartments measuring 495 to 1,798 sq ft. Located a stone’s throw away from the Orchard Road shopping belt, The Hyde is situated on elevated ground, which offers residents clear views of the Goodwood Hill estate.
The Hyde is also near House on the Hill Montessori Pre-School, Balmoral Plaza, Novotel Singapore On Stevens, as well as Mercure Singapore on Stevens.
The development is situated among several other condos such as Balmoral 8, Three Balmoral, Sloane Residences, Belmond Green and Goodwood Grand. Nearby MRT stations include Newton on the North-South and Downtown Lines and Stevens on the Downtown Line.
Schools such as Anglo-Chinese School (Primary) and Singapore Chinese Girls’ School (Primary) are within 1km of the project.
Another property that saw a new high in terms of psf price is Forett at Bukit Timah. A 474 sq ft, one-bedroom unit on the ninth floor was sold on Oct 14 for $1.09 million, or $2,293 psf.
Photo: Samuel Isaac Chua/EdgeProp Singapore
This came nearly a month after the project recorded a high of $2,263 psf for a 474 sq ft unit, which was sold at a quantum of $1.07 million on Sept 18.
Located in District 21 along Toh Tuck Road, Forett at Bukit Timah is a freehold development comprising 633 units over nine 5-storey blocks and four 9-storey blocks. It has one- to five-bedroom units.
Forett at Bukit Timah is developed jointly by Qingjian Realty and Perennial Holdings. The 360,130 sq ft site was formerly Goodluck Garden, which was sold in a collective sale to subsidiaries of Hong Kong-based CNQC International Holdings for $610 million in March 2018.
Forett at Bukit Timah is near Beauty World MRT Station on the Downtown Line. It is also near Beauty World Plaza, Bukit Timah Plaza, as well as the future Beauty World Integrated Transport Hub.
The project is also close to schools such as Methodist Girls’ School (Primary) and Pei Hwa Presbyterian Primary School.
New lows
The Antares, a 99-year leasehold development at Mattar Road in District 14, has seen a new low in terms of psf price following the sale of a 883 sq ft apartment on Oct 15. The two-bedroom apartment on the first floor was sold for $1.34 million, or $1,515 psf.
Photo: FSKH Development
Conversely, the project registered a new high in terms of psf price on July 2, when a 667 sq ft, two-bedroom apartment was sold for $1.3 million, or $1,942 psf, which is an all-time for the development.
Named after one of the brightest stars in the night sky, The Antares was touted as a “rising star” at Mattar Road during its launch in September 2019.
It has 265 units spanning four 18-storey blocks. The project is located within walking distance of Aljunied MRT Station on the EastWest Line and MacPherson MRT Station on the Circle Line.
The project is developed by FSKH Development, a consortium of Hock Lian Seng Holdings, Keong Hong Holdings and TA Corp.
Another development that saw a new low in terms of psf price is Starlight Suites, a freehold project located at River Valley Close in prime District 9.
Photo: Samuel Isaac Chua/EdgeProp Singapore
On Oct 13, a 3,757 sq ft penthouse unit at Starlight Suites was sold for $6 million, or $1,597 psf, which is an all-time low for the development. The unit is the largest among the development’s 105 units (including its three penthouses), which could be a reason for its low psf price.
Starlight Suites was completed in 2014 by joint developers King Wan Corp and TA Corp. The development has one- to three-bedders and penthouses ranging from 560 sq ft to 3,757 sq ft, across 35 floors over a single block.
Starlight Suites is within walking distance of the upcoming Great World MRT Station on the Thomson-East Coast Line. The development is also close to the vibrant Robertson Quay area, and a short drive to the Orchard Road shopping belt.
The project is located near River Valley Primary School, Alexandra Primary School, Anglo-Chinese School (Junior) and St Margaret’s Primary.
Check out the latest listings near The Hyde, Forett at Bukit Timah, The Antares, Starlight Suites, Newton MRT station, Beauty World MRT Station, Aljunied MRT Station, MacPherson MRT Station, Great World MRT Station
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