19 Nassim sees new high of $3,906 psf
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) - Among condominiums that hit a new psf-price high during the period of Feb 3 to 10, luxury development 19 Nassim topped the list with the sale of a 1,410 sq ft, three-bedroom unit by the developer for $5.51 million, or $3,906 psf, on Feb 10.
This was the first time a unit transacted at the development exceeded $3,900 psf. The transaction beat the previous high recorded last month when a 538 sq ft one-bedder was sold by the developer for $2.09 million ($3,876 psf) on Jan 4.
19 Nassim is a 99-year leasehold development by Keppel Land, located on Nassim Hill in prime District 10. Launched for sale in March 2020, the 10-storey development has 101 units, comprising one-, two- and three-bedroom apartments, with sizes ranging from 539 to 1,773 sq ft. It is expected to receive its temporary occupation permit (TOP) this year.
A 1,410 sq ft three-bedder at 19 Nassim was sold by developer Keppel Land for $5.51 million on Feb 10 (Picture: Keppel Land)
The project is located in the exclusive Nassim Road residential enclave, which includes the Nassim Road Good Class Bungalow estate. It is also adjacent to Singapore’s embassy row along Napier Road. Tanglin Mall, Singapore Botanic Gardens and the Orchard Road shopping belt are a five-minute drive away.
One Bernam is another project that hit a new psf-price high, when a 441 sq ft one-bedder on the 29th floor was purchased from the developer for $1.47 million, or $3,329 psf, on Feb 6. The transaction beat the previous high of $3,295 psf recorded on Jan 16 with the sale of another one-bedder for $1.45 million.
One Bernam is a 99-year leasehold mixeduse development located on Bernam Street, off Anson Road in District 2’s Tanjong Pagar area. It is a joint-venture project between MCC Land and Hao Yuan Investment. Besides 351 residential units, One Bernam has a two-storey retail podium of 15,726 sq ft and one floor of serviced apartments with 13 keys.
One Bernam hit a new psf-price high of $3,329 psf when a one-bedroom unit was sold for $1.47 million on Feb 6 (Picture: Samiel Isaac Chua/The Edge Singapore)
Residential units at One Bernam are made up of one- to three-bedders, with sizes ranging from 441 to 1,421 sq ft. There are also 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.
The residences were launched for sale in May 2021. To date, 149 (42%) of the units have been sold at an average price of $2,503 psf, based on caveats lodged. The project is expected to obtain its TOP in September 2025.
Meanwhile, Klimt Cairnhill reached a new psf-price low when a 2,056 sq ft, four-bedroom unit on the seventh floor was sold by the developer for $6.96 million, or $3,385 psf, on Feb 4. This beats the previous low of $3,574 psf registered in March 2022 when another four-bedroom unit was sold for $7.35 million.
Klimt Cairnhill is a freehold luxury development by Low Keng Huat, located on Cairnhill Road in prime District 9. It has 138 units housed in a single 36-storey tower. Units comprise two-, three- and four-bedroom apartments ranging from 829 to 2,368 sq ft. There are also two 6-bedroom penthouses — a simplex of 4,898 sq ft and a duplex of 5,920 sq ft.
Klimt Cairnhill reached a new psf-price low of $3,385 psf when a 2,056 sq ft, four-bedroom unit was sold for $6.96 million on Feb 4 (Picture: Samuel Isaac Chua/The Edge Singapore)
The project previewed in August 2021, with the developer releasing 88 units — comprising all the three- and four-bedroom apartments as well as the penthouses — for sale. Three units were sold in 2021, including the 4,898 sq ft simplex penthouse which was purchased for $26 million in November. The other two apartments sold were both 1,496 sq ft units: one of them fetched $5.71 million ($3,818 psf) in August, while the other fetched $6 million ($4,010 psf) in December.
Earlier this month, following a renovation of the project’s sales gallery, Klimt Cairnhill was relaunched by the developer, with the remaining 50 units made up of two- and two-bedroom-plus-study apartments released for sale. Based on caveats lodged, 27 (20%) of the units at the development have been sold to date at an average price of $3,959 psf.
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