Among the condos that hit a new high in terms of psf-price during the week of March 8 to 15, One Bernam topped the list with the developer sale of a one-bedroom unit for $1.55 million on March 9. The 29th-floor apartment measures 463 sq ft, which means the price works out to $3,344 psf.
The transaction edges past the previous record of $3,340 psf set that One Bernam achieved last November upon the sale of a 452 sq ft unit for $1.51 million.
A 463 sq ft unit at One Bernam was sold for $1.55 million on March 9 (Picture: Samuel Isaac Chua/The Edge Singapore)
One Bernam is a mixed-use development at 1 Bernam Street, within the Tanjong Pagar area in District 2. The 99-year leasehold project comprises a 35-storey tower housing 351 residential units, a two-storey retail podium of 15,726 sq ft, and one floor of serviced apartments with 13 keys. Most residential units at One Bernam are made up of one- and two-bedders between 441 and 872 sq ft. There are also three-bedders of 1,421 sq ft, along with three penthouses: two are three-bedroom units measuring 1,744 and 1,948 sq ft respectively, while the remaining penthouse is a five-bedder measuring 4,306 sq ft. Sales for the residences at One Bernam commenced in May 2021.
Search for the latest New Launches, to find out the transaction prices and available units
To date, 217 or about 62% of the units have been taken up based on caveats lodged, with units sold at an average price of $2,544 psf. The project is expected to obtain its temporary occupation permit in September 2025.
The Sea View also hit a new psf-price high during the week in review. A 1,410 sq ft, three-bedroom apartment on the 21st floor changed hands for $3.69 million on March 15, which translates to $2,617 psf. The new high comes less than three weeks after the prior record set on Feb 26 when a 1,216 sq ft unit was sold for $3.15 million ($2,590 psf).
The seller of the unit sold on March 15 had bought it in April 2011 for $2.18 million ($1,546 psf). Hence, they made a gross gain of $1.51 million on the sale.
The Sea View hit a new high of $2,617 psf with the sale of a 1,410 sq ft unit for $3.69 million on March 15 (Picture: Samuel Isaac Chua/The Edge Singapore)
The Sea View is a freehold condo on Amber Road in District 15 which was completed in 2008. Featuring six 22-storey blocks, the development has a total of 546 units. Residences consist of one-bedders from 527 to 560 sq ft, three-bedders from 1,216 to 1,410 sq ft, and four-bedders from 1,518 to 1,647 sq ft. There are also four-bedroom penthouses of 2,196 to 2,723 sq ft and five-bedroom penthouses of 2,809 to 2,928 sq ft.
Another condo that reached a new psf-price high during the week in review is Adam Park Condominium. A two-bedroom unit spanning 958 sq ft on the second floor fetched $1.95 million, or $2,035 psf, on March 8. The seller made a profit of $920,000 on the sale, having bought the unit in August 2008 for $1.03 million ($1,075 psf).
The sale of the unit on March 8 marks a new psf-price record for Adam Park Condominium, beating the previous high of $2,018 psf established last August with the sale of a 958 sq ft unit for $1.93 million. This is also the second time a unit at the development has been sold for above $2,000 psf.
Read also: Two-bedder at Zenith sold at new high of $2,383 psf
With the sale of a 958 sq ft unit for $1.95 million on March 8, Adam Park Condominium saw a new high of $2,035 psf (Picture: Samuel Isaac Chua/The Edge Singapore)
Adam Park Condominium is a freehold development on Adam Road in District 11. Completed in 2004, it has 118 residences including two-bedroom units of 893 to 1,119 sq ft, three-bedroom units from 1,141 to 1,410 sq ft, and four-bedroom units from 1,453 to 1,636 sq ft. There are also two- to four-bedroom penthouses of 1,765 to 2,799 sq ft.
No new psf-price lows were recorded during the week in review.
Check out the latest listings for One Bernam, The Sea View, Adam Park Condominium properties