Claremont hits new high of $2,359 psf

Claremont, a freehold development on Killiney Road, topped the list of condos that hit a new psf-price high during the period of July 14 to 19. This comes with the resale of a 958 sq ft, two-bedroom unit on the sixth floor on July 16. The unit changed hands for $2.26 million, which works out to $2,359 psf.

This is the first time a unit at Claremont has been transacted above $$2,300 psf. The price is nearly 8% more than the condo’s previous high of $2,189 psf, which was established last December when a 1,119 sq ft unit fetched $2.45 million.

The unit sold on July 16 was acquired by the seller in April 2021 for $1.75 million ($1,827 psf), caveats show. This means they made a gross gain of $510,000 on the unit after owning it for just over three years.

The new high at Claremont comes with the resale of a 958 sq ft unit for $2.26 million on July 16 (Picture: Samuel Isaac Chua/The Edge Singapore)

Located off River Valley Road in prime District 9, Claremont was completed in 2000. The 10-storey boutique development has 67 units of two-, three- and four-bedders sized between 850 and 2,637 sq ft. It is a 10-minute walk away from Great World MRT Station on the Thomson-East Coast Line.

Claremont has seen two other units change hands to date this year. On Jan 19, a 1,453 sq ft unit was sold for $3 million ($2,064 psf) while on April 2, a 958 sq ft unit fetched $2.028 million ($2,117 psf).

Goldenhill Park Condominium ranked second in the list of condos achieving new psf-price records during the period in review. On July 18, a three-bedroom unit measuring 1,335 sq ft on the 15th floor changed hands for $2.88 million, setting a new record of $2,158 psf for the development.

The transaction comes less than two months after a 926 sq ft unit was sold for $1.99 million or $2,150 psf on May 30, which was also the condo’s previous psf-price high.

The unit sold on July 18 was purchased from the developer in January 2002 for $965,700 ($724 psf). As such, the seller raked in a profit of $1.91 million on the deal.

Goldenhill Park Condominium achieved a new high of $2,158 psf upon the sale of a 1,335 sq ft unit for $2.88 million on July 18 (Picture: Samuel Isaac Chua/The Edge Singapore)

Goldenhill Park Condominium is a 390-unit development on Mei Hwan Drive, located off Ang Mo Kio Avenue 1 and Lorong Chuan in District 20. Built in 2004, the freehold condo has two- to four-bedroom apartments ranging from 926 to 2,928 sq ft. It is within walking distance of Lorong Chuan MRT Station on the Circle Line.

The condo has seen a steady appreciation in transacted prices over the last three years. In 2021, ten resale deals were recorded at the development at an average price of $1,575 psf. In comparison, the development has seen three units change hands to date this year at an average price of $2,133 psf. This represents a 35% spike in average transacted price.

On the other end of the spectrum, Sceneca Residence hit a new psf-price low during the period in review. This comes with the developer sale of a three-bedder spanning 1,367 sq ft on July 15. The 15th-floor unit was sold for $2.5 million, which translates to $1,829 psf.

This falls below the $1,896 psf-price low recorded on Feb 27 upon the sale of a 1,055 sq ft unit for $2 million.

Seneca Residence hit a new low of $1,829 psf with the sale of a 1,367 sq ft for $2.5 million on July 15 (Picture: MCC Singapore)

Sceneca Residence is a 268-unit condo that is part of the Sceneca mixed-use development on Tanah Merah Kechil Link in District 16, adjacent to Tanah Merah MRT Station on the East-West Line. The 99-year leasehold project also includes the 20,000 sq ft Sceneca Square retail mall comprising 19 commercial units.

The condo has two residential towers of 14 and 15 storeys respectively. Units include one-bedders of 463 to 570 sq ft; two-bedders of 678 to 883 sq ft; three-bedders of 904 to 1,367 sq ft; and four-bedders of 1,518 sq ft. There are also four-bedroom penthouses of 2,400 to 2,756 sq ft.

Seneca Residence was launched for sale in January 2023, with some 60% of units snapped up on launch day at an average price of $2,072 psf. Caveats lodged as of July 29 show that 196 or 73% of units have been taken up at an average price of $2,079 psf.

Check out the latest listings for Claremont, Goldenhill Park Condominium, Sceneca Residence properties