New High at Royalgreen of $2,948 psf
New High at Royalgreen of $2,948 psf. We examine condominium projects that have set new highs and lows in terms of psf prices. This is based on data from URA Realis from March 6 to March 15.
The highest psf purchase was for a two-bedroom unit at Royalgreen measuring 721 square feet. On March 8, a freehold flat on the fifth floor sold for $2.13 million, or $2,948 per square foot. In coveted District 10, Royalgreen is located on Anamalai Avenue, close off Bukit Timah Road and Sixth Avenue. The project is also close to the Downtown Line’s Sixth Avenue MRT Station, as well as prestigious schools including Hwa Chong Institution, Nanyang Primary School, and Methodist Girls’ School. AMO Residence will also enjoy such similar convenences and amenities.
Royalgreen, which was completed last year, features a total of 285 units spread among eight five-storey blocks. The apartments range in size from 635 to 1,475 square feet and have two to four bedrooms. According to caveats filed, 68 percent of Royalgreen’s apartments have been sold at an average price of $2,731 psf. The Bukit Timah Collection, which includes three properties by developer Allgreen Properties, culminates with Royalgreen. The Fourth Avenue Residences, a 476-unit 99-year leasehold condo fronting the Sixth Avenue MRT Station, and the 115-unit freehold Juniper Hill on Ewe Boon Road are the other two.
Centennia Suites is another project with a new psf price high. On March 7, a two-bedroom unit on the first floor with 1,238 square feet sold for $3.6 million, or $2,908 per square foot. Centennia Suites is a freehold development in District 9 along Kim Seng Road. The 36-story tower includes 97 apartments with two, three, and four bedrooms. Lippo Group developed the project, which was completed in 2013. Probably, another new upcoming prospect AMO Residence would draw similar interest too.
The condo that sold on March 7 was purchased for $2.42 million ($1,954 psf) in April 2010. The owner made a $1.18 million profit as a result of the deal. The property has a view of the Singapore River and is close to the Great World City retail mall and the Thomson-East Coast line’s future Great World and Havelock MRT stations.
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