Orchard Sophia hits new low of $2,629 psf
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Orchard Sophia, a freehold development in prime District 9, was the only condo to set a new psf-price low during the week of Aug 29 to Sept 5. This came with the sale of a 657 sq ft, two-bedroom unit on the second floor, which fetched around $1.73 million ($2,629 psf) on Sept 2.
The transaction marks the second week in a row that the development hit a new psf-price low. The week before, developers sold a 646 sq ft, two-bedroom unit for about $1.72 million, or $2,671 psf, on Aug 26.
Orchard Sophia is a 78-unit condo located along Sophia Road. The development, which is slated for completion in 2027, features 2 five-storey residential blocks housing a mix of one- to two-bedroom units measuring 441 sq ft to 710 sq ft. It also offers 3 three-bedders of 764 sq ft and 5 three-bedroom dual-key units of 829 sq ft to 840 sq ft.
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A two-bedroom unit at Orchard Sophia fetched $1.73 million ($2,629 psf) on Sept 2 (Photo: Albert Chua/The Edge Singapore)
Orchard Sophia was launched for sale in August 2023. That year, developers sold 31 units at an average price of $2,819 psf. The following year, 13 units were sold at an average price of $2,880 psf. Transacted prices at the condo have moderated this year, declining to an average of $2,782 psf based on the 20 sales recorded so far.
To date, a total of 64 units (82%) have been sold at Orchard Sophia. Prices transacted at the development range between $2,629 psf and $3,027 psf.
On the other end of the spectrum, Amo Residence topped the list of transactions that set new psf-price highs for condos during the period in review. This was achieved with the sub-sale of a 1,141 sq ft, three-bedroom unit at the development for $2.87 million on Sept 1, setting a psf-price high of $2,515.
The seller had previously purchased the unit in July 2022 for around $2.43 million ($2,131 psf), translating to a gain of $439,000.
The latest transaction marks the third sub-sale recorded at the development and surpasses the previous price high of $2,472 psf. That came with the sub-sale of a 958 sq ft, three-bedroom unit, which was sold for $2.37 million on Aug 19.
A three-bedroom unit at Amo Residence was sold for $2.87 million ($2,515 psf) on Sept 1 (Photo: Samuel Isaac Chua/The Edge Singapore)
In terms of absolute price, the most expensive unit at the condo thus far is a 2,457 sq ft, five-bedroom penthouse unit that fetched around $6.01 million during the VIP preview of the development in July 2022.
Slated for completion in 2026, Amo Residence is a 372-unit condo on Ang Mo Kio Rise in District 20. The 99-year leasehold development features 372-units across two residential towers comprising one- to five-bedroom units of 614 sq ft to 1,475 sq ft. It also has 2 four-bedroom penthouse units measuring 2,293 sq ft, and a five-bedroom penthouse unit of 2,497 sq ft.
Located just off Ang Mo Kio Avenue 1, the development is within a five-minute walk of Mayflower MRT Station and is near Bishan-Ang Mo Kio Park and Lower Peirce Reservoir Park. Two popular schools, CHIJ St Nicholas’ Girls School and Ai Tong School, are within a 1km radius of the development.
Hillhaven also achieved a new psf-price peak during the week. This came from the sale of a 700 sq ft, two-bedroom unit for around $1.74 million ($2,482 psf) on Aug 29.
The psf-price is marginally higher than the condo’s previous record of $2,471 psf that was set on June 30 when developers sold a similar 700 sq ft unit for around $1.73 million.
A two-bedder at Hillhaven was sold for $1.74 million ($2,482 psf) on Aug 29 (Photo: Far East Organization, Sekisui House)
Launched in January 2024, Hillhaven is a 341-unit, 99-year leasehold condo located along Hillview Rise in District 23. The development, which is set for completion in 2027, comprises two residential towers standing at 27 and 28 storeys tall. It offers a mix of two- to four-bedroom units measuring 678 sq ft to 1,636 sq ft.
To date, the development has seen 59 transactions this year at an average price of around $2,167 psf, based on caveats lodged.
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