Four-bedder at The Grange sold for new high at $3,155 psf
By Timothy Tay
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) - The condos that ranked in the top five (in terms of highest psf price achieved) of our Project Highs & Lows table for the week of July 7 to 18 share some similarities: they are boutique developments (fewer than 100 units), have a freehold tenure and are located in prime District 10.
At the top of the league for the period is The Grange, where the sale of a 2,282 sq ft, four-bedroom unit achieved a new high of $3,155 psf when it changed hands for $7.2 million, according to a caveat lodged on July 10.
The 95-unit, freehold The Grange is located on Grange Garden, just off Grange Road. Developed jointly by Wing Tai Asia, MCL Land and AIG Real Estate, The Grange comprises twin 23-storey towers. It was launched for sale in 2005 and completed in 2008.
This is also the first time that a unit at The Grange crossed the $3,000 psf threshold since the project was first launched in 2005.
The Grange is a 95-unit condo on Grange Garden in prime District 10. The luxury development was completed in 2008. (Picture: The Edge Singapore)
The previous owner of the 11th-floor unit purchased it at launch for $3.35 million ($1,469 psf) in September 2005. Hence, prices have more than doubled in that time.
Before this recent transaction, the previous high at the 23-storey The Grange was for a 1,765 sq ft three-bedder that changed hands for $5 million ($2,832 psf). The 18th-floor unit last traded for $4.41 million ($2,500 psf) in a sub-sale in October 2007.
The Grange, which is located just off Grange Road, will benefit from its proximity to the Orchard Boulevard MRT Station on the Thomson-East Coast Line.
A price comparison against neighbouring condos can be found on EdgeProp Singapore.
Another condo that recorded a new high was Loft @ Holland. The 41-unit, boutique freehold apartment block was developed by Oxley Holdings. The five-storey development was completed in 2014, and is located a short walk from the Holland Village MRT Station on the Circle Line.
The units at Loft@Holland are predominantly compact one-bedroom apartments of 323 to 366 sq ft, and the project was sold out within three months of its launch in January 2011. Average price of units sold at launch was $1,950 psf, based on caveats lodged.
The new high achieved at Loft@Holland was for a 323 sq ft one-bedder on the fourth-floor that changed hands for $868,888 ($2,691 psf), according to a caveat lodged on July 12. This unit had previously sold for $800,000 ($2,477 psf) in May 2016.
The previous high achieved at Loft@Holland was just last month, when another 323 sq ft one-bedder on the fourth floor fetched $845,000 ($2,617 psf), according to a caveat lodged on June 28.
Loft@Holland is a freehold, boutique development on Holland Road in prime District 10. The 41-unit condo was completed in 2014. (Picture: Samuel Isaac Chua/The Edge Singapore)
Another condo that set a new high was the 36-unit Jervois Treasures by Fragrance Group. The five-storey condo was completed in 2013, and launched in April this year with a deferred payment scheme. To date, four units have been sold.
The latest was the sale of a 797 sq ft, two-bedroom unit on the fourth floor of the condo for $2.05 million ($2,574 psf), according to a caveat lodged on July 13.
Fourth on the list is the 62-unit The Tresor on Duchess Road, off Bukit Timah Road. Developed by Keppel Land, the five-storey condo was launched for sale in 2005 and completed in 2007. It has a 999-year lease from 1875, which most people consider akin to a freehold tenure.
The condo is just a short walk from Tan Kah Kee MRT Station on the Downtown Line.
A tabulation of resale transactions at The Tresor can be found on EdgeProp Singapore. (Source: URA, EdgeProp Singapore)
The latest transaction at The Tresor was for a 1,421 sq ft, three-bedroom unit that changed hands for $3.525 million ($2,481 psf) on July 13. The $2,481 psf achieved is a new high for the condo.
The previous psf high came close at $2,474 psf, and was achieved when a 990 sq ft, two-bedroom unit on the fifth floor of The Tresor was sold for $2.45 million in November 2022.
Meanwhile, at Gallop Green, the exclusive 53-unit residential development located in the quiet enclave of Woollerton Park, a new high of $2,414 psf was set when a 2,992 sq ft, four-bedroom unit changed hands for $7.225 million, according to a caveat lodged on July 14.
Located off Farrer Road, Gallop Green was developed by Straits Development and completed in 2002. The freehold development has 40 condo units in a four-storey block and 13 townhouses.
This is also the third transaction that crossed the $2,000 psf threshold at Gallop Green so far. The last time it did was in May 2021, when a 3,563 sq ft, four-bedroom unit on the third floor fetched $7.54 million ($2,116 psf).
Check out the latest listings near The Grange, Grange Garden, Jervois Treasures, The Tresor, Gallop Green, Woollerton Park, Holland Village MRT Station, Tan Kah Kee MRT Station
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