The Woodleigh Residences hits new psf-price high of $2,532
/ EdgeProp Singapore |
The Woodleigh Residences topped the list of condos that hit a new psf-price high during the period of June 21 to June 25. This comes with the sub-sale of a three-bedroom, 958 sq ft unit on the ninth floor for $2.426 million on June 25, which works out to $2,532 psf.
This inches past the previous high of $2,516 psf logged at the condo a month ago when another three-bedroom unit spanning 958 sq ft on the 13th floor was sub-sold for $2.41 million on May 20. It is also the second time a unit at The Woodleigh Residences has transacted above the $2,500 psf threshold.
The new high at The Woodleigh Residences follows the sale of a 958 sq ft unit for $2.43 million on June 25 (Picture: Google Maps)
The Woodleigh Residences is a 99-year leasehold development located along Bidadari Park Drive, off Upper Aljunied Road and Upper Serangoon Road in District 13. The condo is part of an integrated development that also includes The Woodleigh Mall, the Woodleigh MRT Station on the North-East Line, and an underground bus interchange.
Read also: The Sovereign hits new high of $2,602 psf
The condo has 667 units, comprising two-bedroom units ranging from 570 sq ft to 743 sq ft, three-bedroom units ranging from 850 sq ft to 958 sq ft, and four-bedroom units ranging from 1,270 sq ft to 1,475 sq ft. Given the development’s east-facing orientation and U-shaped configuration, over 75% of the units face Bidadari Park and Alkaff Lake.
A check on the URA Realis database shows that the fully-sold project was completed and received its temporary occupation permit in 2Q2023. Units transacted at a completed development are considered sub-sales if the development has yet to receive its certificate of statutory completion (CSC).
The Woodleigh Residences has seen a total of 43 sub-sale transactions to date, 41 of which occurred after completion. The units that were sold after completion range in size from 570 sq ft to 958 sq ft and fetched prices between $1.23 million to $2.43 million on an absolute basis and between $2,078 sq ft and $2,532 sq ft on a psf basis.
Seventy Saint Patrick’s also achieved a new psf-price high during the period in review after a three-bedroom unit measuring 1,184 sq ft changed hands for $2.73 million, or $2,306 psf, on June 25.
This beats the previous record of $2,266 psf set last December when a 1,410 sq ft unit was sold for $3.2 million. It is the first time a unit at Seventy Saint Patrick’s has transacted above $2,300 psf.
The 1,184 sq ft unit sold on June 25 was purchased by the seller as a resale unit for $1.95 million ($1,647 psf) in August 2020. This means they made a gross gain of $780,000 on the deal.
Seventy Saint Patrick’s achieved a new high of $2,306 psf after a 1,184 sq ft unit fetched $2.73 million on June 25 (Picture: Albert Chua/The Edge Singapore)
Seventy Saint Patrick’s is a freehold condo on St Patrick’s Road, off East Coast Road in District 15. Completed in 2016, the development has 186 units spread across low-rise residential blocks. It is less than a 10-minute walk from the Marine Terrace MRT Station on the Thomson-East Coast Line. The residences consist of two-bedroom apartments measuring 700 sq ft to 872 sq ft, three-bedroom apartments measuring 936 sq ft to 1,195 sq ft, and four-bedroom, dual-key units measuring 1,410 sq ft to 1,442 sq ft. There are also two-bedroom penthouses measuring 1,033 sq ft to 1,055 sq ft, three-bedroom penthouses measuring 1,173 sq ft to 1,346 sq ft, and four-bedroom penthouses measuring 1,647 sq ft.
Another condo that reached a new psf-price peak during the period in review is Tanglin View. The June 21 resale of a three-bedroom, 1,141 sq ft unit on the 10th floor for $2.075 million resulted in a new high of $1,819 psf for the development. This surpasses the previous high of $1,770 psf after a 1,141 sq ft unit fetched $2.02 million on Mar 28.
A 1,141 sq ft unit at Tanglin View changed hands for $2.075 million on June 21, resulting in a new peak of $1,819 psf (Picture: The Edge Singapore)
Tanglin View is a 384-unit condo on Prince Charles Crescent, off Alexandra Road in District 3. The 99-year leasehold development was completed in 2001 and is within walking distance of the Redhill MRT Station on the East-West Line. Units include two-bedroom to four-bedroom units of 872 sq ft to 2,497 sq ft.
Apart from the units sold on June 21 and March 28, two other residences at Tanglin View have changed hands to date this year. On Feb 28, a 1,141 sq ft unit fetched $1.8 million ($1,578 psf) while on May 28, a 2,121 sq ft apartment was sold for $3.45 million ($1,627 psf).
No new psf-price lows were recorded during the period in review.
Check out the latest listings for The Woodleigh Residences, Seventy Saint Patrick's, Tanglin View properties
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