Grange Residences hits new high of $3,170 psf
By Hailey Yu
/ EdgeProp Singapore |
EDGEPROP (SINGAPORE) - In the week of Sept 9 to 16, the highest transaction recorded on a psf-price basis was for a 2,583 sq ft, four-bedroom unit at Grange Residences. It changed hands for $8.188 million or $3,170 psf on Sept 15, which is a new high in psf terms for the development. The 17th floor unit was previously purchased for $3.9 million ($1,510 psf) from the developer in May 2005.
The project was developed by Wharf Estates Singapore (formerly known as Wheelock Properties). The site is a redevelopment of the former Omni Marco Polo Hotel, which the developer had owned.
Located at the junction of Grange Road and Tanglin Road in prime District 10, Grange Residences has 164 units across two 18-storey tower blocks and an eight-storey block on a freehold site of 167,000 sq ft. The development contains only four-bedroom units, with sizes ranging from 2,486 to 2,852 sq ft. The property is within walking distance of Tanglin Mall and the other malls along Orchard Road as well as the upcoming Orchard Boulevard MRT station. It’s also near Botanic Gardens.
Another condominium that also recorded a new psf-price high is the freehold Cyan. Located off Bukit Timah Road in DIstrict 10, the 278-unit freehold development consists of two 24-storey tower blocks. It was developed by Far East Organization and completed in 2014.
A 1,658 sq ft, four-bedroom unit on the 22th floor of Cyan which changed hands for $4.5 million, or $2,715 psf, on Sept 14. (Credit: Samuel Isaac Chua/ The Edge Singapore)
The transaction that marked a new psf price high for the development was for a 1,658 sq ft, four-bedroom unit on the 22th floor which changed hands for $4.5 million, or $2,715 psf, based on a caveat lodged on Sept 14.
This surpasses the last high of $2,509 psf achieved for a 1,475 sq ft, three-bedroom unit on the 8th floor that fetched $3.7 million in August.
The development is within 1km range of Singapore Chinese Girls’ School and Anglo Chinese School (Barker Road).
Residences @ Killiney, a boutique freehold apartment along Killiney Road hit a new psf high after a 1,076 sq ft, three-bedroom unit on the sixth floor sold for $2.51 million ($2,332 psf), according to a caveat lodged on Sept 9.
Read also: Royalgreen sees new high of $2,939 psf
A 1,076 sq ft, three-bedroom unit on the sixth floor at Residences @ Killiney sold for $2.51 million, or $2,332 psf, on Sept 9 (Credit: Hoi Hup Realty)
This marks a new all-time psf price high for 68-unit development, beating the previous high of $2,323 psf that was recorded in December 2021.
Residences @ Killiney is developed by Hoi Hup Realty and completed in 2012. The project is located in prime District 9, near the shopping malls in the Somerset area and the Somerset MRT station.
Check out the latest listings near Grange Residences, Cyan, Residences @ Killiney, Orchard Boulevard MRT station, Somerset MRT station, Singapore Chinese Girls’ School, Anglo Chinese School (Barker Road)
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