South Beach Residences penthouse hits new high of $4,748 psf

By Felicia Tan
/ EdgeProp Singapore |
Project highs & lows
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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 18 to 26.

New highs

Topping the list in terms of record-high psf prices is South Beach Residences. On Oct 18, a 3,897 sq ft unit transacted for $18.5 million, which translates to a psf price of $4,748.
The 99-year leasehold three-bedroom penthouse apartment is located on the 42nd floor.
South Beach Residences has a total of 190 residential units spread across the development’s 45-storey South Tower, starting from the 23rd floor.
Its unit mix comprises two- to four-bedroom apartments measuring from 936 sq ft to 2,616 sq ft as well as penthouses from 3,896 sq ft to 6,728 sq ft.
Here, units are fitted with floor-to-ceiling windows that guarantee residents sweeping views of Singapore’s iconic skyline.
Certain units will also get to enjoy exclusive front-row seats to events such as the Singapore F1 Grand Prix as well as the fireworks from the National Day Parade and the New Year’s Day countdown celebrations at The Float @ Marina Bay.
Completed in 2016, South Beach Residences is jointly developed by City Developments Limited (CDL) and IOI Properties.
It is located within the Civic District, in the Downtown Core of District 7.
Here, residents enjoy sheltered access to the Esplanade MRT station on the Circle Line and City Hall MRT station on the East West and North South Lines.
The central business district (CBD) is just a five-minute drive away while the Orchard Road shopping belt takes a 10-minute drive.
Nearby shopping malls include Raffles City Shopping Centre, Citylink Mall, Marina Square and Suntec City Mall.
Next on the list of condominiums that have seen new highs in terms of psf prices is the 999-year leasehold Duchess Manor, which was completed in 2005.
On Oct 18, a 990 sq ft two-bedroom unit on the fourth storey sold for $2.26 million or $2,282 psf.
Duchess Manor is located on Duchess Road in Bukit Timah’s District 10.
It is a boutique development with a total of 52 units over four five-storey blocks.
The unit mix at Duchess Manor comprises one- to four-bedroom units from 635 sq ft to 3,197 sq ft.
The project is the only one that was developed by boutique property development company, Ivory Investments, in Singapore.
Duchess Manor is within walking distance to Tan Kah Kee MRT station on the Downtown Line. Coronation Shopping Plaza is located within close proximity to the development, as are schools like Nanyang Primary School and Hwa Chong Institution.

New lows

Presto@Upper Serangoon was one of the projects that have seen new lows during the period of Oct 18 to 26.
On Oct 18, the freehold 861 sq ft penthouse apartment on the fifth floor sold for $900,000 or $1,045 psf.
The two-bedroom, two-bathroom unit is one of the biggest within the development.
Built in 2016 by Oxley Global, Presto@Upper Serangoon has just 36 units comprising one-bedroom apartments measuring 420 sq ft to 484 sq ft.
The units are spread across a single five-storey block.
The rest of the apartments are two-bedroom penthouses measuring 786 sq ft to 915 sq ft.
Presto@Upper Serangoon is located in Serangoon in District 19, in close proximity to Serangoon MRT station on the North East and Circle Lines.
It is also within walking distance to Zhonghua Secondary School and St. Gabriel’s Secondary School.
The Cape, a freehold project along Amber Road in District 15, was another development that registered a new low during this period.
On Oct 25, a 635 sq ft one-bedroom unit on the third floor sold for $955,000 or $1,504 psf.
The Cape is a 76-unit development over a 16-storey-tall block.
It was completed in 2014 by developer Far East Organization.
Majority of the units are one- and two-bedroom apartments measuring from 570 sq ft to 657 sq ft and two-bedroom lofts of 850 sq ft each.
The Cape is near Amber MRT station on the Thomson-East Coast Line. It is also near shopping malls like Parkway Parade, The Odeon Katong and Katong Shopping Centre. The development is also a stone’s throw away from East Coast Park.

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