Zenith hits new high of $2,087 psf

/ EdgeProp Singapore |
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SINGAPORE (EDGEPROP) - In this column, we look at condominium projects that have achieved new highs in terms of psf prices and those that have seen new lows. This is based on URA Realis data for the period of Feb 22 to 28.

Highest psf price

Zenith hit a new psf price high when a 743 sq ft unit changed hands for $1.55 million or $2,087 psf on Feb 23. The unit sold was a two-bedroom apartment on the fifth floor. It was previously acquired for $1.28 million, or $1,717 psf in March 2016.
A 743 sq ft unit at Zenith on Zion Road sold for $1.55 million on Feb 23 (Photo: Samuel Isaac Chua/The Edge Singapore)
Zenith is an 85-unit apartment located on Zion Road in District 10. Completed in 2011, the development, which has a 999-year leasehold tenure from 1877, comprises a single 13-storey tower.
The development is located across the road from Great World City shopping mall and is also within walking distance of the upcoming Great World MRT station on the Thomson- East Coast Line.
Another development that saw a new psf price high is Fontana Heights, after a 3,466 sq ft unit on the 15th floor was sold for $7 million or $2,020 psf on Feb 24. The unit sold was previously acquired for $5.9 million, or $1,702 psf in August 2019.
A 3,466 sq ft unit at Fontana Heights sold for $7 million on Feb 24 (Photo: Samuel Isaac Chua/The Edge Singapore)
Fontana Heights is located along Mount Sinai Rise in District 10. The freehold residential tower has a total of 51 units spread across 27 floors. The condominium was completed in 1985 and comprises three- and four-bedroom units of 3,000 sq ft to 4,607 sq ft.
The development is a 10-minute walk away from the Dover MRT Station on the East West line. It is also a 10-minute drive from Holland Village.

New lows

No new psf price lows were recorded for the week.

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