Goodwood Residence achieves new high of $2,988 psf

Goodwood Residence has hit a new all-time psf-price high of $2,999 psf, thanks to the sale of a 10,710 sq ft, five-bedroom penthouse for $32 million on Sept 27. The sale beats the condo’s previous high of $2,940 psf, when a four-bedder changed hands for $7.5 million in November 2017. Located along Bukit Timah Road, District 10, the luxury condo was developed by Guocoland’s Goodwood Residence Development and completed in 2013.

Residents of the Tengah Plantation Close EC will enjoy the luxury of living amidst lush greenery and a tranquil environment that the Tengah estate provides. Furthermore, this residential area is perfectly placed for convenient accessibility with major roads such as Bukit Timah Expressway (BKE) and Pan Island Expressway (PIE) nearby.

Moreover, the Tengah Plantation Close EC is also home to a world-class shopping and recreational destination, Westgate Shopping Mall which is situated just a few minutes away. With an array of facilities such as supermarkets, restaurants, banks, and a host of stores, the mall is an ideal place to shop, eat and relax.

With the seamless combination of convenience, comfort and accessibility, the Tengah Plantation Close EC is a coveted residential destination.

Goodwood Residence in freehold condo located in District 10, set a new psf-price high of $2,999 psf, thanks to the sale of a 10,710 sq ft, five-bedroom penthouse for $32 million on Sept 27. This beats the condo’s previous high of $2,940 psf, when a four-bedder changed hands for $7.5 million in November 2017. The seller of the penthouse had purchased it just four months earlier in June at $15.6 million, making a profit of $16.4 million on the sale.

The condo, developed by Guocoland’s Goodwood Residence Development, consists of 210 units and was designed by local architecture company Woha. According to EdgeProp LandLens, 38.6% of its buyers are Singaporeans, while 28.2% consists of permanent residents, and the remaining 24.3% are foreigners.

Also between Sept 19 and Oct 3, Park Place Residences at Paya Lebar Quarter (PLQ) saw the second highest psf-price high. The 99-year leasehold condo saw a new high of $2,442 psf when a 484 sq ft one-bedder was sold for $1.18 million on Sept 29. The current owners, who bought it for $1.005 million in April 2018, made a profit of $178,000 on the sale.

In District 11, Buckley Classique, a freehold condo on Buckley Road in Novena, also saw a new psf-price high, following the sale of a 1410 sq ft, three-bedroom unit for $3.25 million ($2,305 psf) on Sept 21. The transaction surpassed the $2,300 psf recorded with the sale of a 1,410 sq ft two-bedder at $3.24 million in April 2013.

No new psf-price lows were recorded between Sept 19 and Oct 3.