Two-bedder at The Pier at Robertson sets new price high of $2,591 psf

The sale of a two-bedroom unit at The Pier at Robertson topped the list of condos that achieved a new psf-price high between Jan 24 and 31. The 1,023 sq ft unit on the seventh floor was sold for $2.65 million on Jan 24, setting a new psf-price high of $2,591 psf at the freehold condo.

The latest transaction trumps the previous price high of $2,488 psf set last year when a 1,206 sq ft unit on the eighth floor transacted for $2.99 million in August 2024. In terms of absolute price, the most expensive unit at The Pier at Robertson is a 4,489 sq ft duplex penthouse that fetched $4 million ($891 psf) when it was sold in a sub-sale in October 2006.

The Pier at Robertson is a 201-unit development that was completed in 2006. The development is on Mohamed Sultan Road in prime District 9. It is close to the eateries and entertainment venues along Robertson Quay and Clarke Quay, as well as new lifestyle destination New Bahru on Kim Yam Road.

Other nearby freehold condos include Riverside 48 on Robertson Quay, The Inspira off Martin Road and the 999-year Vivace at Tong Watt Road.

A new psf-price high of $2,591 psf was achieved at The Pier at Robertson on Jan 24. (Picture: Samuel Isaac Chua/The Edge Singapore)

Based on a tabulation of resale caveats by EdgeProp Singapore, most resale units at The Pier at Robertson have recently fetched an average selling price of $2,273 psf. The condo has seen relatively strong capital gains compared to its launch price of about $880 psf in April 2003.

The Pier at Robertson also commands one of the highest average resale prices among freehold and 999-year leasehold condos in the immediate vicinity. For example, the nearby 70-unit Riverside 48 has an average selling price of $1,994 psf, while the 85-unit Vivace has seen its resale units transact for about $2,003 psf. However, the 120-unit The Inspira commands a higher average selling price of $2,663 psf.

Meanwhile, the sale of a three-bedroom unit at 11 Amber, a freehold apartment block on Amber Road in District 15, was next on the list of condos that achieved a psf-price high. The 1,507 sq ft unit on the 15th floor transacted for $3.68 million when it was sold on Jan 27. The sale set a new psf-price high of $2,442 psf.

This high overtakes the previous record at 11 Amber set three years ago when another three-bedroom unit on the seventh floor changed hands for $2.73 million ($1,812 psf) when it was sold in July 2022.

A three-bedroom unit at 11 Amber was sold for $3.68 million on Jan 27. (Picture: Samuel Isaac Chua/The Edge Singapore)

Earlier this year, a 1,346 sq ft unit on the seventh floor was sold for $2.4 million ($1,784 psf) on Jan 3. Last year, the development only recorded one resale transaction involving one of the two penthouse units, which fetched $4.88 million ($1,717 psf) when it was sold on Dec 31.

Resale data compiled by EdgeProp indicates that resale prices at 11 Amber have consistently risen over the past few years, increasing from about $1,233 psf in January 2015 to $1,981 psf at the start of this year.

Located within the exclusive Amber Road neighbourhood, 11 Amber is a 21-storey residential tower with 40 residential units, including two penthouses of 2,842 sq ft and 2,734 sq ft. The development was completed 11 years ago in 2004.

Coming in third on the list of condos that achieved a new psf-price high is Lincoln Residences on Surrey Road, where a 1,410 sq ft unit on the 23rd floor changed hands for $3.28 million on Jan 27 and set a new psf-price high of $2,323 psf.

Previously, the record price high at Lincoln Residences was $2,227 psf when a 1,841 sq ft unit on the 15th floor fetched $4.1 million ($2,227 psf) when it was sold in October 2023. In terms of absolute price, the most expensive resale unit to date is a 3,229 sq ft five-bedroom penthouse that transacted for $5.29 million ($1,640 psf) back in January 2013.

The $3.28 mil ($2,323 psf) sale of a three-bedder at Lincoln Residences on Jan 27 set a new psf-price high at the condo. (Picture: The Edge Singapore)

Lincoln Residences is a freehold development in prime District 11. The 99-unit condo was completed in 2011. It is close to United Square shopping mall and other malls in Novena such as Square 2 and Novena Square. Lincoln Residences is also within 1km of St Joseph’s Institution Junior.

Over the years, resale prices at The Lincoln Residences have consistently increased, jumping from about $1,750 psf in January 2015 to about $2,135 psf at the start of this year. Based on a tabulation of caveats by EdgeProp Singapore, Lincoln Residences commands one of the highest average resale prices among most freehold condos in this area.

Nearby freehold condos include the boutique 45-unit Iridium ($1,809 psf) and the 56-unit Lincoln Modern ($1,945 psf) on Lincoln Road ($1,809 psf), and the 20-unit Suites @ Surrey ($1,869 psf) on Surrey Road.

Nearby condos that typically fetch higher resale prices include 26 Newton, a 180-unit development on Newton Road, where prices average about $2,258 psf; the sprawling 486-unit Park Infinia at Wee Nam with an average price of about $2,335 psf; and Sanctuary @ Newton on Surrey Road, a new 38-unit development that was launched in June 2023 and has set an average selling price of $2,672 psf.

Check out the latest listings for The Pier At Robertson properties