Three-bedder at The Sea View sets psf-price high of $2,830
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The Sea View, a freehold development on Amber Road in District 15, topped the list of condos that saw a new psf-price high between Aug 8 and Aug 15. This was achieved by the sale of a 1,410 sq ft, three-bedroom unit on the 20th floor for $3.99 million, or $2,830 psf, on Aug 15.
The transaction marks the first time the development has crossed the $2,800 psf threshold. It beats the previous high of $2,710 set on March 4 when a similar 1,410 sq ft unit transacted for around $3.82 million.
The new psf-price high at The Sea View was achieved by the sale of a 1,410 sq ft unit for $3.99 million on Aug 15 (Photo: Samuel Isaac Chua/The Edge Singapore)
In terms of absolute price, the most expensive unit to change hands at The Sea View was a 2,809 sq ft, five-bedroom duplex penthouse which sold for $5.5 million ($1,958 psf) in August 2021.
Completed in 2008, The Sea View comprises six 22-storey blocks, housing a total of 546 units. The residences include one- to four-bedroom units of 527 sq ft to 1,647 sq ft. There are also four-bedroom penthouses of 2,196 sq ft to 2,723 sq ft and five-bedroom duplex penthouses between 2,809 sq ft and 2,928 sq ft.
The development has seen a relatively low level of resale transactions in recent years. The unit sold on Aug 15 is the fourth apartment to change hands at the development to date this year. Last year, 10 units were transacted, while nine units changed hands in 2023. That said, the average resale price of units at The Sea View has seen a steady increase. Based on caveats lodged, yearly average prices transacted at the development have risen from $2,315 psf in 2023 to around $2,690 psf so far this year.
Parc Clematis also achieved a new psf-price peak during the period in review. This came from the sale of a 1,076 sq ft, two-bedroom unit for around $2.82 million, or $2,618 psf, on Aug 15.
This is marginally higher than the condo’s previous record of $2,575 psf that was set last month when a 1,044 sq ft, three-bedroom unit sold for around $2.69 million on July 14.
Parc Clematis saw a new psf-price high of $2,618 when a 1,076 sq ft unit was sold for $2.82 million on Aug 15 (Photo: Samuel Isaac Chua/The Edge Singapore)
Parc Clematis is a 99-year leasehold mega condo development along Jalan Lempeng in District 5. Completed in 2023, the development comprises nine 24-storey tower blocks housing 1,450 units. It offers a mix of one-bedroom units to five-bedroom penthouses, ranging from 452 sq ft to 2,669 sq ft. The development also offers six two-storey strata terraced homes of 3,832 sq ft each.
Year to Aug 15, Parc Clematis has seen 55 transactions, with the units transacted at an average price of around $2,161 psf.
Meanwhile, freehold condo Orchard Sophia set a new psf-price low of $2,694 when a 581 sq ft, two-bedroom unit was sold for around $1.57 million on Aug 14. This marks the lowest psf-price ever transacted at the development, falling below the previous record low of $2,711 psf established on Aug 12 when developers sold a 657 sq ft, two-bedroom unit for around $1.78 million.
A two-bedroom unit at Orchard Sophia fetched $1.57 million on Aug 14, setting a new low of $2,694 psf for the condo (Photo: Albert Chua/The Edge Singapore)
As of Aug 15, Orchard Sophia has seen 10 other transactions this year, with prices ranging from $2,713 psf, when a 635 sq ft unit was sold for $1.72 million on Aug 15, to $3,027 psf, which was recorded with the sale of a 667 sq ft unit for $2.02 million on April 24.
Orchard Sophia is a 78-unit condo located along Sophia Road in prime District 9. Launched in 2023, the development features two five-storey residential blocks, which offer a mix of one- to two-bedroom units spanning 441 sq ft to 710 sq ft. It also comprises three three-bedders of 764 sq ft and five three-bedroom dual-key units of 829 sq ft to 840 sq ft. The development is slated for completion in 2027.
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