Two-bedder at RiverGate sets new high of $2,816 psf
By Hailey Yu / EdgeProp Singapore | June 16, 2022 4:06 PM SGT
RiverGate clocked the highest psf price record at $2.88 mil or $2,816 psf for the week of May 29 to June 3.
SINGAPORE (EDGEPROP) - In the week of May 29 to June 3, RiverGate scored a psf price high for the sale of a two-bedroom apartment.
The 1,023 sq ft unit is located on the 28th floor, and was sold on June 2 for $2.88 million, setting a new psf price record for the development at $2,816. This surpasses the previous psf record price at this development, when a 1,894 sq ft, four-bedroom unit on the 32nd floor changed hands in January for $5.3 million, or $2,798 psf.
Located at Robertson Quay in prime District 9, the freehold RiverGate was completed in 2009. It has 545 freehold units across three 43-storey residential blocks. Great World City and Robertson Walk are a short walk away, while the upcoming Havelock MRT Station on the Thomson-East Coast Line is an 11-minute walk away.
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The upcoming development Kopar at Newton also hit a psf price high for the week. A 614 sq ft, two-bedroom, 15th-floor apartment at Kopar at Newton was transacted on May 31 for $1.69 million, or $2,753 psf, making it the highest psf price recorded within this project. This exceeds the previous psf price of $2,719 clocked from the sale of a similar 614 sq ft, two-bedroom apartment on the 21st floor for $1.67 million on May 30.
Located along Kampong Java Road in prime District 9, Kopar at Newton is just across the road from the Newton MRT Station on the North-South and Downtown Lines, as well as the Newton Food Centre. It is just one MRT stop to Orchard Road and a 12-minute train ride to the CBD.
The developer of the 99-year leasehold, high-end project is Chip Eng Seng’s property arm, CEL Development. The 378-unit project is close to 77% sold as of June 3, and is scheduled for completion by the end of next year.
The newly completed Stirling Residences also hit a record psf price for the week, when a 441 sq ft, one-bedroom apartment on the 37th floor was sold on June 3 for $1.15 million, or $2,606 psf. In December 2021, another 441 sq ft, one-bedroom apartment on the 36th floor was sold for $1.11 million, or $2,511 psf.
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Located in Queenstown’s Stirling area in District 3, the 99-year leasehold condominium development was completed in April this year. The project consists of 1,259 apartment units with sizes ranging from 441 sq ft for a one-bedroom unit, to 1,346 sq ft for a four-bedroom unit. In addition, there is a childcare centre, sky terraces, a koi pond and other facilities. The project is jointly developed by Logan Group and Nanshan Group.
No new psf price lows were recorded during the week.
Check out the latest listings near Rivergate, Stirling Residences, Kopar at Newton, Havelock MRT Station, Newton MRT Station
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