Four-bedder at Park Colonial hits new high of $2,382 psf
/ EdgeProp Singapore |
Ask Buddy
SINGAPORE (EDGEPROP) - Park Colonial in District 13 has topped a list of condos that saw new psf-price highs from Oct 3 to Oct 13. The latest high of $2,382 psf was recorded from the resale of a 1,012 sq ft four-bedder unit on the 12th floor of the development for $2.41 million on Oct 10.
The seller had bought the unit from the developer for $1.93 million, or $1,907 psf, in July 2020. This means the seller made a net gain of $480,000 from the sale.
The new psf-price high from the Oct 10 transaction is just 0.13% higher than the second-highest psf-price of $2,379 psf recorded for a 980 sq ft three-bedroom unit on the same floor that changed hands for $2.33 million on Oct 11.
Read also: Pinetree Hill: A hidden gem in District 21
Park Colonial set a new record of $2,382 psf from the sale of a 1,012 sq ft four-bedder unit for $2.41 million on Oct 10 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Park Colonial condo has seen 38 resale transactions this year, with an average price of $2,231 psf. This is 6.4% higher than the average transacted price of $2,097 psf from 44 transactions recorded last year.
Completed in 2021, Park Colonial is a 99-year leasehold condo on Woodleigh Lane, off Upper Serangoon Road in District 13. The 805-unit condo consists of six residential blocks spanning 14 to 15 storeys. Units comprise a mix of one- to five-bedroom units, occupying between 463 sq ft and 2,185 sq ft. The development is within walking distance of Woodleigh MRT station on the North East Line.
Over in District 15, The Shore Residences condo also saw a new psf-price high during the period in review. The new record of $2,279 psf follows the resale of a 1,378 sq ft four-bedroom unit on the 14th floor of the condo for $3.14 million on Oct 8. The seller had bought the condo for $2.12 million ($1,539 psf) in November 2017, making a net gain of $1.02 million on the sale.
The new record beats the previous psf-price high of $2,235, recorded on May 23, when a 1,141 sq ft three-bedroom unit on the 19th storey changed hands for $2.55 million.
The Shore Residences, a 103-year leasehold condo, hit a new record of $2,279 psf on Oct 8 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
The Shore Residences has seen 12 transactions this year at an average price of $2,028 psf. This is over 5% higher than the average transacted price of $1,923 psf recorded from the 12 transactions at the condo last year.
The Shore Residences is a condo on Amber Road in Marine Parade with a land tenure of 103 years from 2009. Completed in 2014, the 408-unit project features a mix of one- to five-bedroom units ranging from 592 sq ft to 2,906 sq ft. The Shore Residences is near Marine Parade MRT Station on the Thomson-East Coast Line and the Tanjong Katong Primary School. Retail options nearby include Parkway Parade and Roxy Square.
Read also: Viva achieves new high of $2,650 psf
On the other hand, Pinetree Hill was the only condo to see a new psf-price low of $2,140 psf during the period in review. This came from an Oct 13 developer sale of an 850 sq ft, two-bedroom unit on the 24th floor for $1.82 million.
The new psf-price low beats the previous record of $2,156 psf transacted on Sept 8. A 1,173 sq ft three-bedroom unit on the 24th storey of the development was bought from the developer for $2.53 million.
Pinetree Hill hit a new record psf-price low of $2,140 during the period in review (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Pinetree Hill is a 99-year leasehold condo on Pine Grove in District 21, Bukit Timah. The 520-unit development consists of three high-rise residential towers. Units are a mix of one-bedroom-plus-study to five-bedroom units from 538 sq ft to 1,733 sq ft. The condo is under construction and is slated to be completed in 2027.
Latest 10 transactions at Pinetree Hill (Photo: EP Buddy)
Check out the latest listings for Park Colonial properties
Ask Buddy
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp FacebookSubscribe to our newsletter
Top Articles
Search Articles