Unit at Ardmore 3 fetches $4,001 psf

By Tan Chee Yuen / The Edge Property | July 3, 2017 7:00 AM SGT
Since May, at least half a dozen units above the 30th floor of Ardmore Three were sold at prices from $4,000 psf. The latest transaction was that of a 1,776 sq ft unit on the 31st floor that fetched $7.11 million ($4,001 psf), according to a caveat lodged on June 15. The highest psf price achieved so far was earlier this month, when a unit on the topmost level (36th floor) was sold for $7.7 million, or $4,335 psf, according to a caveat lodged on June 8.
Ardmore Three previewed in 2013, and was completed in 2014. The project was relaunched for sale on April 16, 2016, according to the developer, Wheelock Properties. More than 85% of the 84-unit, freehold project has been sold so far. All the units at Ardmore Three are three-bedroom apartments of 1,744 to 1,787 sq ft.
The 84-unit Ardmore Three by Wheelock Properties is close to 90% sold
The luxury condominium market has certainly picked up, especially for newly completed or soon-to-be-completed developments. At GuocoLand’s landmark integrated development Tanjong Pagar Centre, two units were recently sold at the soon-to-be-completed Wallich Residence. What is unusual about Wallich Residence is that the apartments sit above the 38-storey office tower. The 181-unit luxury condo spans the 39th to 64th level and boasts unobstructed views of the city skyline. The units are a mix of one- to four-bedroom units, with a super-penthouse of more than 21,000 sq ft.
The two units sold at Wallich Residence recently were one-bedroom apartments: One was a 614 sq ft unit on the 41st level that fetched $1.88 million ($3,061 psf) and the other, on the 50th level, was sold for $2.06 million ($3,187 psf). Word on the street is that the buyers are from Hong Kong.
This marks the third transaction at The Wallich Residence this year even before the property has been launched for sale. The unit sold in January this year was a 646 sq ft, one-bedroom unit on the 42nd floor that fetched $1.92 million ($2,970 psf). So far, about 20 units in the 99- year leasehold luxury condo have been sold.
Two one-bedroom units at Wallich Residence were sold recently at prices above $3,000 psf