Skyline @ Orchard Boulevard hits new high of $5,371 psf
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) - Skyline @ Orchard Boulevard, a freehold luxury development along Angullia Park close to Orchard Road in District 9, has topped the list of condominiums that have hit a new psf-price high over the period of Jan 27 to Feb 3. A 3,767 sq ft, four-bedroom unit on the 31st floor changed hands for $20.23 million on Feb 1, which works out to $5,371 psf.
The transaction price is the highest recorded on both absolute and psf-price bases at the 33-storey tower, based on caveats lodged. It beats the previous high recorded in October 2012, when another 3,767 sq ft, four-bedroom unit on the 27th floor was purchased for $18.88 million ($5,011 psf) from the developer.
A four-bedder at Skyline @ Orchard Boulevard was sold for $20.23 million on Feb 1 (Picture: Samuel Isaac Chua/The Edge Singapore)
Skyline @ Orchard Boulevard is a development by Far East Organization that was completed in 2015. It has a total of 40 units, comprising two-, three- and four-bedroom apartments ranging from 1,744 sq ft to 3,767 sq ft. There is also a duplex penthouse measuring 9,494 sq ft. The development is within walking distance of the Orchard MRT Station on the North-South and Thomson-East Coast Lines, as well as various malls along the shopping belt including Ion Orchard, Wheelock Place and Wisma Atria.
Leedon Residence is another development that hit a new psf-price high during the period in review, with the sale of a four-bedder for $7.2 million, or $2,708 psf, on Jan 30. The 2,659 sq ft unit, located on the ninth floor, had been purchased from the developer in November 2015 for $4.81 million ($1,809 psf), which means the seller reaped a gain of $2.39 million.
The transaction marks the first time a unit at Leedon Residence has crossed the $2,700 psf threshold. The previous psf-price high recorded at the development was in December 2013, when a 2,131 sq ft unit on the 10th floor was sold by the developer for $5.72 million ($2,685 psf).
Leedon Residence hit a new high of $2,708 psf after a 2,659 sq ft unit was sold for $7.2 million on Jan 30 (Picture: The Edge Singapore)
Leedon Residence is a freehold development by GuocoLand along Leedon Heights in District 10. Completed in 2015, it has 381 units spread across 12 residential blocks. Units comprise a mix of two- to five-bedders ranging between 1,044 and 8,051 sq ft.
Meanwhile, a few condominiums hit a new psf-price low during the period in review. Among these is The Siena, a 99-year leasehold condominium along Tan Kim Cheng Road, off Farrer Road in District 10. A two-bedder measuring 797 sq ft changed hands for $1.27 million ($1,588 psf) on Jan 30. The previous psf-price low at The Siena was recorded in August 2022, when a 753 sq ft unit on the fourth floor was sold for $1.38 million ($1,832 psf).
The Siena is a development by Far East Organization. It was completed in 2016, with a total of 54 units made up of Soho (small office, home office) apartments ranging from 538 to 980 sq ft. The development is within walking distance of the Botanic Gardens MRT Station on the Circle and Downtown Lines. Other amenities within walking distance include the Singapore Botanic Gardens, Adam Food Centre and Serene Centre.
In District 8, 1953, a freehold development along Tessensohn Road, off Balestier Road, also reached a new psf-price low. This occurred with the sale of a two-bedroom unit with a family area measuring 1,130 sq ft on Jan 30. The sixth-floor unit was sold by the developer for $1.93 million, or $1,706 psf.
The transaction marks the lowest psf price transacted at 1953 since May 2021, when a 1,227 sq ft unit was sold for $2.15 million ($1,752 psf). The development has seen one other unit sold this year. The 1,227 sq ft unit on the sixth floor was sold by the developer for $2.47 million ($2,011 psf) on Jan 7.
Artist’s impression of 1953, which hit a psf-price low of $1,706 psf when a 1,130 sq ft unit was sold by the developer for $1.93 million on Jan 30 (Picture: Oxley Holdings)
1953 is a mixed-use commercial and residential development by Oxley Holdings. The development is fronted by a row of conservation shophouses and integrated with a modern, six-storey residential building. The boutique development comprises 58 apartments and 14 strata commercial units. (Find Singapore commercial properties with our commercial directory)
Residential units at 1953 are a mix of studio to four-bedroom apartments from 441 to 1,658 sq ft. Based on caveats lodged, all residential units at the development have been sold. The project received its temporary occupation permit at the end of last year.
Check out the latest listings near Skyline @ Orchard Boulevard, Leedon Residence, The Siena, 1953, Orchard MRT Station, Botanic Gardens MRT Station
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