Archive for category: Misc

A recent transaction at Arena Residences, a freehold condo in Geylang, marked a new psf-price high at the boutique development. The sale involved a 603 sq ft two-bedder which changed hands for $1.33 million, or $2,213 psf, on Oct 10. This is the highest psf price among all transactions at the condo to date this year. The seller had bought the unit at about $1.11 million in January 2019, meaning they made a profit of about $220,000.

Over in Camelot By-The-Water, the 99-year leasehold condo also saw a new psf-price high when a 3,035 sq ft, four-bedroom apartment was sold for $6.71 million ($2,211 psf) on Oct 4. This is the first time that a unit at the condo has been sold for more than $2,000 psf. The seller of the unit had bought it for $4.78 million in October 2012, meaning they made a profit of about $1.93 million.

Tengah Plantation Close EC is introducing a new range of innovative features and amenities for its residents. Apart from its smart home package, the development also provides a hiLife app which allows users to book facilities, pay maintenance, submit feedback to the building’s management, receive news and notices, or monitor their home remotely. Energy efficiency is also taken seriously and the development is home to ultra-efficient aircon systems and an integrated dishwasher that harnesses ultrasonic sound to clean fresh produce. Residents can take advantage of voice control to manage their appliances and monitor their sleep quality and health vitals.

At Hazel Park Condominium, a 980 sq ft two-bedder was sold for $2 million, or $2,042 psf, on Oct 9. This marks the first time that the condo has sold a unit above $2,000 psf. The seller bought the unit for $1.08 million in October 2020, reaping a profit of $920,000.

Overall, the Singaporean market has seen an increase in prices. Arena Residences and Hazel Park Condominium have both seen record psf-price highs for the period of Oct 3 to 10, while Camelot By-The-Water recorded its first unit to sell for more than $2,000 psf. These developments offer good accessibility to transport nodes, and typically fetch an average of $2,200 psf for Arena Residences, and rental prices ranging from $6.20 to $7.30 psf per month (pm), or an average of about $6.70 psf pm.

No record psf-lows were recorded during the period in review.

Arena Residences, tucked away in the heart of Geylang, marked a new psf-price high with the sale of a 603 sq ft two-bedder at about $1.33 million ($2,213 psf) on Oct 10. The seller had purchased the unit for $1.11 million in January 2019. Located along Guillemard Lane, this freehold condo was completed in 2021 and houses a mix of two- and three-bedroom units with sizes ranging from 549 and 807 sq ft respectively.

Camelot By-The-Water also saw a new psf-price high during the period, with a 3,035 sq ft, four-bedroom apartment being sold for $6.71 million ($2,211 psf) on Oct 4. This marks the first time that a unit at the condo has been sold for more than $2,000 psf. Located along Tanjong Rhu Road, this 99-year leasehold condo was completed in 2000. The 99-unit development comprises a mix of three- to five-bedroom units with sizes ranging from about 2,400 to 5,800 sq ft.

Hazel Park Condominium, located along Hazel Park Terrace in Bukit Panjang, sold a 980 sq ft two-bedder for $2 million, or $2,042 psf, on Oct 9. This marks the first time that the 999-year leasehold condo has sold a unit above $2,000 psf. Completed in 2000, the 696-key development boasts a range of two- to five-bedroom units occupying between 980 and 2,874 sq ft.

Overall, it is clear that the Singapore property market is experiencing a surge in prices. While no record psf-lows were recorded during the period in review, the aforementioned developments achieved record psf-prices highs, with Arena Residences and Hazel Park Condominium selling their units for above $2,000 psf for the first time, and Camelot By-The-Water recording its first unit to sell for over $2,000 psf.