Gallop Green sets new psf-price peak of $2,622
By Nicholas Lam
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Freehold condo Gallop Green topped the list of apartments and condos to hit a new psf-price high between Sept 8 and Sept 13. The new high at Gallop Green comes with the sale of a 3,272 sq ft, three-bedroom unit for $8.58 million on Sept 10, which reflects a new price peak of $2,622 psf.
The psf-price surpasses the condo’s previous record of $2,431 psf by 7.9%. The previous high was established when a 3,229 sq ft unit changed hands for $7.85 million in September 2023.
A 3,272 sq ft, three-bedroom unit established a new price peak at Gallop Green when it transacted for $8.58 million. (Photo: EdgeProp Singapore)
According to URA caveats, the seller of the unit sold on Sept 10 had purchased it in December 2017 for $5.6 million. Thus, the seller made a profit of $2.98 million or a capital gain of 53%.
Gallop Green has only seen one unit change hands so far this year. Last year, the development saw two resale transactions. Apart from the 3,229 sq ft unit that set the previous psf-price record, another 2,992 sq ft unit changed hands for about $7.23 million, or $2,414 psf, in July 2023.
Recent transactions at Gallop Green, compiled by EP Buddy. (Source: URA, EdgeProp Singapore)
Completed in 2002, Gallop Green is a freehold condo along Woollerton Park in Prime District 10. The project comprises four blocks housing 53 residential units ranging between 2,917 sq ft and 5,102 sq ft.
Several primary schools can be found within a 2km radius of the property such as Nanyang Primary School, Raffles Girls’ Primary School and New Town Primary School.
Another freehold condo, The Belvedere, took second place in new psf-price peaks recorded during the review period. The condo hit a new high of $2,486 psf when a 1,302 sq ft, three-bedroom unit on the 18th floor was sold for about $3.24 million on Sept 11.
Freehold condominium, The Belvedere, consists of 167 units across two residential blocks. (Photo: EdgeProp Singapore)
The new record is just 1.4% higher than the previous record of $2,452 psf. The former record was set earlier this year on May 6 when a 1,259 sq ft, three-bedroom apartment on the 21st floor was sold for about $3.09 million.
The Belvedere has seen five units change hands so far this year at an average price of $2,341 psf. The unit to transact at the lowest psf-price was a 1,367 sq ft, three-bedroom apartment on the second floor that sold for $2.9 million, or $2,121 psf, on Sept 6.
Recent transactions at The Belvedere, compiled by EP Buddy. (Source: URA, EdgeProp Singapore)
Completed in 2007, The Belvedere is a 167-unit development comprising two residential blocks. The development features two-bedroom units spanning 1,012 sq ft to 1,206 sq ft and three-bedroom units spanning 1,238 sq ft to 1,615 sq ft. It also has seven penthouse units spanning 2,131 sq ft to 2,949 sq ft.
The Belvedere is located beside Katong Park and within walking distance of Katong Park MRT Station along the Thomson-East Coast Line.
Rounding out the top three, freehold condo YGK Garden saw a new psf-price high with the resale of a 2,067 sq ft unit on the third floor for $4.48 million, or $2,168 psf, on Sept 12.
YGK Garden saw a new psf-price high with the resale of a 2,067 sq ft unit on the third floor for $4.48 million, or $2,168 psf. (Photo: Samuel Isaac Chua / EdgeProp Singapore)
The new record is 4.6% higher than the previous peak of $2,071 psf set in October 2023 when a neighbouring 2,067 sq ft unit on the same floor was sold for $4.28 million.
The sellers of the unit sold on Sept 12 had purchased it for about $3.03 million, or $1,464 psf, in March 2017. Thus, they made a profit of about $1.46 million.
Completed in 2008, YGK Garden is a 16-unit freehold condo located along Belmont Road in Prime District 10. The project is close to amenities found at Holland Village such as dining and retail options at One Holland Village and transport options from Holland Village MRT Station along the Circle Line.
There were no new psf-price lows recorded during the period of review.
Check out the latest listings for Gallop Green, Condominium properties
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