The Atelier marks new psf-price low of $2,494

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March 5 saw a new low in terms of psf price at The Atelier Condo – a 1,281-sq ft, three-bedroom unit sold for $3.2 million, or $2,494 psf. On the other hand, a 1,690-sq ft, two-bedroom unit at D’Grove Villas on Orange Grove Road achieved the second highest psf-price at $4.3 million ($2,544 psf).The Atelier is located in the Newton area, while the development of D’Grove Villas is situated in the Ardmore Park residential area in prime District 10. Located near major roads, and also close to Newton MRT Interchange Station and the Orchard Road and Novena areas, these developments have seen considerable capital appreciation. In the case of D’Grove Villas, prices have increased from $1,319 psf in March 2003 to about $2,500 psf this month. Prices at The Atelier have, on average, been slightly lower at $2,693 psf.A new low psf-price was set by a transaction at The Atelier on March 5 – a 1,281 sq ft, three-bedroom unit sold for $3.2 million, or $2,494 psf. It is an upcoming freehold development on Makeway Avenue in the Newton area, located just next to another upcoming project, Kopar at Newton, on the same street. Connected to major roads and nearby the Newton MRT Interchange, the Novena and Orchard Road areas, The Atelier has moved approximately 37 units already.On the other hand, the sale of a 4,284 sq ft, four-bedroom unit at Nassim Park Residences for $20.5 million, or $4,785 psf, on Feb 27 ranks as the highest psf-price in the project to date, and among all condo transactions from Feb 24 to March 3. It is a freehold development on Nassim Road developed by CapitaLand and completed in 2015.March 2 also saw a significant high in terms of psf-price at D’Grove Villas – a 1,690 sq ft, two-bedroom unit changed hands for $4.3 million ($2,544 psf). As a boutique 45-unit condo in prime District 10, D’Grove Villas has seen considerable capital appreciation since March 2003.Located in exclusive districts, the two developments have seen considerable capital appreciation, evidenced by their respective psf-prices. The Atelier has achieved a psf-price average of $2,693, while D’Grove Villas has soared to approximately $2,500 psf this month. These prices demonstrate the demand amidst the competition in these areas, as both developments benefit from their excellent connectivity and proximity to a variety of lifestyle amenities.At The Atelier, a 1,281 sq ft three-bedroom unit transacted for $3.2 million, or $2,494 psf on March 5 resulting in a new low in terms of psf price for the project. The 22-storey freehold condo is connected to major roads such as Bukit Timah Road, Dunearn Road, Scotts Road and Newton Road, as well as the Newton MRT Interchange Station on the North-South and Downtown Lines. It has moved approximately 37 units thus far. On the other hand, the highest psf-price of $4,785 was achieved at Nassim Park Residences, a 100-unit freehold condo on Nassim Road, for a 4,284 sq ft, four-bedroom unit on Feb 27.D’Grove Villas on Orange Grove Road in prime District 10 is another development to note, with a 1,690 sq ft, two-bedroom unit transacted for $4.3 million ($2,544 psf) on March 2. The boutique 45-unit condo has seen considerable capital appreciation from $1,319 psf in March 2003 to $2,500 psf this month.As evidenced by the sales, The Atelier and D’Grove Villas are both in much demand for their excellent connectivity and proximity to a variety of lifestyle amenities. This is demonstrated by the two developments’ respective psf-prices, which have been buoyed by the competition in their respective neighborhoods.