Value buys: District 9 condo sells for $1,450 psf; 5-room Queenstown flat sells for $748,000
By Felicia Tan
/ EdgeProp Singapore |
These transactions prove irresistible property buys are still on the market.
SINGAPORE (EDGEPROP) - From Aug 6 to Aug 30, we looked for property transactions that were deemed as value buys for each asset class – condominiums, HDB flats and landed houses. (See also: Value buys among Singapore properties: Aug 1 to 13)
For the purposes of this article, we limited our search to condominiums in Districts 9, 10, 11 as well as District 15, that sold for less than $1,500 psf.
Likewise, five-room, executive, jumbo HDB flats or maisonettes that transacted below $800,000 within the areas of Bishan, Toa Payoh and Queenstown, were considered an irresistible deal. (See: Find HDB flats for rent or sale with our Singapore HDB directory)
With landed property, any terrace, semi-detached house or bungalow that sold for $2.5 million and below, was considered a steal.
Freehold condo in Newton sold for $1,450 psf
A 1,249 sq ft three-bedroom unit at Parc Centennial sold for $1.81 million, or $1,450 psf, according to caveats lodged on Aug 18.
Photo: EdgeProp Singapore
The freehold unit sits on the second storey of the 19-storey block.
Within the development, the highest price psf transacted so far stands at $1,548 psf for a 1,163 sq ft unit in June 2018.
Parc Centennial, which is located on Kampong Java Road, is within walking distance to Newton and Novena MRT stations on the North-South Line.
Developed by EL Development, Parc Centennial comprises just 51 units with a mix of two- and three-bedders, a sky studio and two penthouse units ranging from 1,098 sq ft to 2,486 sq ft. It was completed in 2011.
Five-room Queenstown HDB flat sold for $748,000
A five-room flat at Blk 8 Ghim Moh Road measuring 1,259.38 sq ft sold for $748,000 this month. The transacted price translates to $593.94 psf.
Views of Ghim Moh and beyond. Photo: Samuel Isaac Chua/EdgeProp Singapore
The unit is located on the 18th floor of the 25-storey block. The flat has 55 years left on its 99-year lease from 1977.
The flat is within close proximity to 20 Ghim Moh Road Market & Food Centre, The Star Vista and Buona Vista Station on the East-West and Circle lines. The flat is also within just a 20-minute drive to Orchard Road.
In July, a 1,280.91 sq ft five-room unit on the 21st floor within the same block sold for $865,000, or $675.30 psf, which is the highest quantum for the block.
99-year terrace in Euhabitat sold for $2.4 million or $710 psf
A 3,380 sq ft strata terrace or townhouse unit changed hands for $2.4 million or $710.06 psf on Aug 5.
Within the grounds of Euhabitat. Photo: EdgeProp Singapore
The terrace is located within the 99-year Euhabitat condominium along Jalan Eunos.
To date, the townhouses within Euhabitat have transacted within a range of $651 psf for a 3,380 sq ft unit in September 2020 to a high of $828 psf for a similar unit in September 2019.
Euhabitat, which is developed by Far East Organisation, was completed in 2016.
The development has 748 units that span a mix of four different housing styles, from small office home office (SOHO) units to suites (or single bedroom units), condominium units and townhouses over a land area of 57,800 sqm.
Looking for your next home? Use our property search feature. To compare prices, we've got you covered with our Shortlist tool, where you can sort projects according to specifications such as price psf, tenure, and more.
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