1919, a freehold condominium situated on Sophia Road in prime District 9 was the top of on the condo list that hit an increase in the price of psf between August 8 and 15. This was achieved with the sale of a 560 sq ft, one-bedroom-plusstudy unit on the fifth floor for $1.278 million, or $2,283 psf, on Aug 11. This beat the previous record of $2,233 per square foot that was set in September 2013 when a 560 sq. ft unit was sold for $1.25 million.
Based on caveats that were lodged with URA The unit that was that was sold on August 11 was purchased through the sale of developer developer on July 12, 2012, for $1.184 million ($2,115 per square foot). That’s an income of $94,000 from the sale.
1919 is a project of Aurum Land — the property development division of construction and civil engineering company Woh Hup Holdings — that was completed in the year 2015. The project consists of 75 apartments that are black and white within the Mount Sophia neighbourhood. Units start from one-bedroom-plus-study apartments of 560 sq ft, going up to three-bedders of 1,302 sq ft.
The unit that was sold on August 11 was the second resale transaction to be recorded in 1919, to this year. Before this an area of 678 sq feet unit located on the second floor was sold for $1.38 million ($2,035 per square foot) on the 17th of January.
Adana @ Thomson also hit the highest price for psf in the time period under review, by selling 560 square feet of space for $1.082 million, or $1,933 per square foot, on the 11th of August. The owner of the two-bedroom apartment situated on the fourth floor purchased the unit at the request of developer developer at the end of July for 944,200 ($1,687 per square foot) that means they gained around $138,000 from the deal. This beats the previous record for psf prices in Adana @ Thomson which was recorded in July in which a 560 square feet apartment was purchased at $1.08 million, or $1,930 per square foot.
Adana @ Thomson The Thomson a freehold condominium located located on Old Upper Thomson Road in District 20 which was completed in the year 2018. The 74-unit condo was constructed through Fortune Realty, which is also the developer of several other condos, like the 96-unit RV Suites located on River Valley Road, as along with The Mercury, which is 67 units Mercury and the 67-unit Mercury along with the RV Edge, which has 108 units. Edge located on Shanghai Road. The units located at Adana @ Thomson comprise three-, two- and four-bedders that range from 560 to 1,152 square feet.
Another project that hit an all-time high in psf prices was Flamingo Valley A freehold condo situated on Siglap Road in District 15. Three-bedroom apartments located on the fourth floor that measures 1,238 square feet was sold for $2.35 million which is equivalent to $1,898 per square foot on the 10th of August. The sale is higher than prior records of $1891 psf set in March when a 1,216 square foot unit was purchased for $2.3 million.
Flamingo Valley was developed through Frasers Property in 2014 with 393 housing units. Apartments are one- to four-bedders that range from 517 to 3,111 square feet. The development is situated at Siglap Hill, surrounded by residential neighbourhoods with landed homes, including The Opera as well as Frankel estates.
There were no new lows for the psf recorded during the period of the review.