Three-bedder at Jervois Prive fetches new high of $3,220 psf

A high psf price was recorded for a three-bedroom condo unit in Jervois Prive when it was sold for $3.57 million ($3,220psf) on April 17. That sale set a record for the development, as well as for the week of April 14 to 21. Jervois Prive is a 43-unit boutique development located in prime District 10 on Jervois Road. This neighborhood is renowned for its luxurious good class bungalows and high-end condos. In terms of layout, the project has one- to three-bedroom units ranging from 549 to 1,389 sq ft.

The previous record psf-price at Jervois Prive was for a 710 sq ft, two-bedroom unit, sold for $2.13 million ($3,000 psf) on Feb 12. The most expensive unit by absolute price to date is a 1,389 sq ft three-bedder sold by the developer for $3.91 million ($2,817 psf) on June 6, 2019.

Nearby freehold condos include Jervois Meadows and Dormer Park, both located in Jervois Road. These were built in the early 1990s, with unites selling at average prices of $1,776 and $1,873 psf, respectively.

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The second highest psf-price for the week was for the resale of a 1,259 sq ft unit on the sixth floor of Botanic Gardens View, sold for $3.68 million ($2,922 psf) on April 20. The condo is located in District 10, close to Napier MRT Station on the Thomson East Coast Line, and near amenities such as Ion Orchard, Far East Plaza, and Lucky Plaza. The average price of the condo was $1,468 psf in April 2013, and has increased to $2,588 psf in April 2021. Botanic Gardens View consists of units ranging from 1,259 to 1,755 sq ft.

Other nearby properties, such as Botanic Gardens Mansion and Nassim Mansion have recorded average prices of $2,048 and $3,035 psf, respectively.

The transaction that fetched the lowest psf-price within the week was at The Atelier, located at Makeway Avenue in District 9. An 872 sq ft, two-bedroom unit on the seventh floor was sold for $2.16 million ($2,479 psf) on April 21. The Atelier is a 120-unit freehold development, launched in March 2021, and is 54% sold at an average price of $2,683 psf. It is near Newton MRT Station on the Downtown and North-South Lines, and near amenities such as Anglo-Chinese School (Junior), LaSalle College of the Arts (Winstedt Campus) and Newton Food Centre. The project features one- to four-bedroom units ranging from 549 to 1,496 sq ft.

Jervois Prive, Botanic Gardens View and The Atelier are all located in prime districts of Singapore, with each providing excellent amenities and proximity to MRT stations. These developments each have properties which have been sold at impressive prices and remarkable psf prices over the last few weeks, with Jervois Prive hitting the highest psf-price.