SINGAPORE (EDGEPROP) - In the week of Aug 26 to Sept 2, the highest-price transaction recorded on a psf basis was for a 4,951 sq ft, five-bedroom penthouse at Tomlinson Heights. It changed hands at $23 million or $4,645 psf, which is a new high both in absolute and psf terms for the freehold luxury condominium.
Read also: Three-bedder at Tomlinson Heights rakes in $1.95 mil profit
The 4,951 sq ft, five-bedroom penthouse at Tomlinson Heights was sold for $23 million on Aug 26 (Source: Samuel Isaac Chua/ The Edge Singapore)
Developed by Hotel Properties, the 70-unit freehold condo is located on Tomlinson Road, off Orchard Boulevard in prime District 10. The penthouse on the 36th floor was previously purchased from the developer at $18.3 million ($3,696 psf) in 2011. The development was completed in 2014.
Another luxury condo that recorded a new psf-price high is Eden Residences Capitol, part of the Capitol Singapore integrated development by Perennial Holdings that includes the mall linked directly underground to City Hall MRT Interchange Station (for the East-West and North-South Lines) as well as underground links to neighbouring developments such as Raffles City, The Funan and The Adelphi.
A 4,112 sq ft, four-bedroom penthouse at Eden Residences Capitol was sold for $15.8 million ($3,843 psf) on Sept 1 (Source: Samuel Isaac Chua/ The Edge Singapore)
Eden Residences is a 10-storey luxury condo with just 39 units and completed in 2016. The unit that hit a new high in psf terms was a 4,112 sq ft, four-bedroom penthouse on the topmost floor, the 11th floor, that was sold for $15.8 million ($3,843 psf), based on a caveat lodged on Sept 1.
This transaction surpasses the previous high of $3,450 psf achieved for a 3,067 sq ft, three-bedroom unit on the 10th floor that fetched $10.6 million in May. Eden Residences Capitol is located on Stamford Road, and high-floor units have unblocked views of St Andrew’s Cathedral and the Padang, as well as the CBD skyline.
Meanwhile, Oxley Residence, a luxury development with a mix of terraced houses and condo units on Oxley Road, recorded a new psf-price low for its condo units. A 4,639 sq ft, five-bedroom duplex on the fifth level was sold for $8.8 million ($1,897 psf), according to a caveat lodged on Sept 1.
A4,639 sq ft, five-bedroom duplex at Oxley Residence was sold for $8.8 million ($1,897 psf) on Sept 1 (Source: Samuel Isaac Chua/ The Edge Singapore)
The transaction that saw the lowest psf price of $1,450 across the whole development was for an 8,966 sq ft, freehold terraced house that was sold in April. However, in absolute terms, it fetched $13 million, which is the highest in the development to date.
The 12-unit residential project was completed in 2014, and developed by Cheong Hooi Hong, chairman and CEO of Tian Teck Investment, who is linked to the extended Cheong family that controls Singapore-listed property group Hong Fok Corp and interests in International Plaza.
Check out the latest listings near Tomlinson Heights, Eden Residences Capitol, Oxley Residence, City Hall MRT Interchange Station