Residences at 338A sees new high of $2,011 psf

By Atiqah Mokhtar

/ EdgeProp Singapore |

July 28, 2021 6:55 PM SGT

Project Highs & Lows EdgProp Singapore

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SINGAPORE (EDGEPROP) - This week, we look at condominium projects that have hit new highs in terms of psf prices, and those that have crossed new lows, based on URA Realis data for the week of July 12 to 16. (See also: The Lincoln Residences achieves new high of $1,990 psf)

Highest psf transactions

Topping the list is Residences at 338A, which saw a 1,163 sq ft, three-bedroom unit change hands for $2.34 million, or $2,011 psf, according to a caveat lodged on July 12. The seller had purchased the unit for $1.89 million ($1,626 psf) in January 2015.

Residences at 338A. Photo: EdgeProp Singapore

The unit sits on the top floor of the 10-storey freehold condominium, which comprises just 46 units. All the units are three-bedders, with sizes ranging from 1,119 sq ft to 1,378 sq ft. The project was developed by Springstar Properties and was completed in 2004. (See: Discover insightful data of any Singapore condominium with our condo directory)

Situated on River Valley Road in District 9, Residences at 338A’s location places it within easy accessibility to Orchard Road, Robertson Quay and Fort Canning Park.

Nathan Place, a boutique freehold condominium also comprising just 46 three-bedroom units, is another development that achieved a new high psf price during the week.

Its latest transaction on July 16 saw a unit on the fourth floor measuring 1,044 sq ft sold for $2.09 million, translating to $2,000 psf. The seller had purchased the unit for $2.08 million ($1,992 psf) in April 2013.

The sale came two months after another unit at the development, measuring 1,130 sq ft, was sold for $2.12 million ($1,876 psf) in May.

Located in Tanglin in prime District 10, Nathan Place was completed in 2006 by developer Fasidon Holdings.

Lowest psf transactions

Novena Regency. Photo: Samuel Isaac Chua / EdgeProp Singapore

Novena Regency saw a new low in terms of psf price for the transaction of a 1,744 sq ft penthouse unit at $2.21 million, or $1,267 psf.

The double-storey unit, located at the top of a four-storey building, comprises three bedrooms, with access to an open roof terrace. The seller had previously purchased the unit for $2.68 million ($1,567 psf) in December 2014 from developer Fragrance Group. This translates to a loss of some $468,000.

Novena Regency was completed in 2015, and comprises 55 freehold units across 2 four-storey blocks. Located along Thomson Road in District 11, it is a five-minute walk to Novena MRT Station on the North-South Line.

Another development that crossed a new low psf price is Leedon Green. Its latest transaction saw a 667 sq ft, two-bedroom unit sold for $1.55 million, or $2,318 psf, according to a caveat lodged on July 14.

Leedon Green scale model - EDGEPROP SINGAPORE

Leedon Green. Photo: Samuel Isaac Chua / EdgeProp Singapore

This came just a few weeks after another 667 sq ft, two-bedroom unit was sold for $1.56 million, or $2,330 psf, on June 28, which was Leedon Green’s previous lowest psf price.

The new low could be due to the developer offering special promotions and discounts for selected units in recent weeks.

The 638-unit, freehold condominium at Leedon Heights, off Holland Road, is a redevelopment of the former Tulip Garden by a joint venture between MCL Land and Yanlord Land.

Check out the latest listings near Residences at 338A, Nathan Place, Novena Regency, Leedon Green, Novena MRT Station

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