Kopar At Newton close to 70% sold, developer sales reach new high of $2,667 psf
By Timothy Tay
/ EdgeProp Singapore |
Kopar at Newton reached a new psf price high, while The Peak @ Cairnhill II saw a resale unit sell for less than $2,000 psf for the first time.
SINGAPORE (EDGEPROP) - Several new and existing private residential developments reached new psf price highs for the period of March 15 to 19. The highest peak occurred at Kopar At Newton when a 689 sq ft, two-bedroom unit was sold by the developer for $1.84 million ($2,667 psf) on March 19.
Kopar At Newton is a 378-unit luxury condo that is being developed by Chip Eng Seng’s property arm, CEL Development. The 99-year leasehold project was initially launched for sale in April 2020. The project is located along Kampong Java Road, off Bukit Timah Road in prime District 9. (Discover insightful data of any Singapore condominium with our condo directory)
The developer was able to sell 77 units on its first day of sales on April 4, and achieved an average price of $2,350 psf. Since then, sales at Kopar At Newton have been consistent. According to EdgeProp’s research tools analysing developer’s sales data, the project has seen a cumulative take-up rate of about 69% by end-February 2022.
Last year, the highest psf price for a unit at Kopar At Newton that was sold by the developer was $2,651, and it is a 613 sq ft unit that fetched $1.63 million on Dec 3. This year, the second highest price for a developer unit involved the sale of a 613 sq ft unit for $1.63 million ($2,666 psf) on Jan 20.
A 1,001 sq ft unit at Angullia Park Residences @ Orchard set a new psf-price high for the freehold development when it was sold for $2.65 million, or $2,647 psf, on March 16. Based on URA caveats, the previous psf record at the condo was $2,301, when a 936 sq ft unit was sold for $2.15 million in November 2019.
Angullia Park Residences @ Orchard is a freehold luxury development that was completed in 2010. The condo is in the prime Orchard Road residential enclave around Cuscaden Road, Orchard Boulevard and Angulia Park. It is also close to the Orchard Road shopping belt and is centrally located.
On the other hand, The Peak at Cairnhill II saw a unit transacted at a new record-low psf price during the period in review. This occurred when a 904 sq ft, two-bedroom unit changed hands for $1.7 million, or $1,886 psf, on March 15.
This is the first time that a resale unit at The Peak at Cairnhill II has been sold for less that $2,000 psf. Previously, the lowest psf price achieved at the condo was $2,488 psf, when a 904 sq ft unit was sold for $2.25 million in July 2018.
The Peak At Cairnhill II is a freehold development along Cairnhill Circle in prime District 9. The project was jointly developed by TG Development and Tee Development, and both developers also worked on the neighbouring The Peak At Cairnhill I. The 60-unit development comprises only two-bedroom apartments that range from 829 sq ft to 904 sq ft.
Check out the latest listings near Kopar at Newton, Angullia Park Residences @ Orchard, The Peak @ Cairnhill II, The Peak @ Cairnhill I
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