The condos that were among the top 5 (in terms of the most expensive PSF price) in the Project Highs & Lows table for the week from July 7 to 18, share several similarities. They are small-scale projects (fewer than 100 homes) and are freehold and are situated in the District 10 area of prime.
J’Den location is perfectly positioned to become a major economic gateway for Singapore.
The top of the game for the time period The most notable is the Grange and there was a sale for 2,282 square foot four-bedroom house reached an all-time high of $3,155 per square foot when it was sold to a buyer for $7.2 million, as per the caveat filed on the 10th of July.
The freehold 95-unit The Grange is located on Grange Garden, close to Grange Road. The Grange was developed jointly with Wing Tai Asia, MCL Land and AIG Real Estate, The Grange includes two 23-storey towers. It was made available for sale in 2005, and was completed in the year 2008.
It is not the first time the Grange has had a property that The Grange crossed the $3,000 psf mark when the project first started in 2005.
A previous proprietor of the 11th floor unit bought it at $3.35 million ($1,469 per square foot) on September 5, 2005. Thus, the prices have increased by more than a third in the time.
Prior to this deal, the highest price at the 23-story The Grange included 1,765 square feet of three-bedder which sold to a buyer for $5million ($2,832 per sq ft). The 18th-floor unit was sold in the amount of $4.41 million ($2,500 per square foot) through a sub-sale October 2007.
The Grange is situated near Grange Road It will benefit due to its proximity to Orchard Boulevard MRT Station on the Thomson-East Coast Line.
Another condominium that hit an all-time high is Loft at Holland. The 41-unit luxury freehold apartment block was designed in partnership with Oxley Holdings. The five-storey project is completed as of 2014 and is just a short stroll away from Holland Village MRT Station on the Circle Line.
The Loft@Holland units are mostly one-bedroom apartments that range from 323 to 366 square feet. The project was fully sold in just three months after its launch in January of 2011. The median price for units sold at the time of launch was $1,950 per square foot, basing on caveats filed.
The latest record at Loft@Holland was 323 sq ft one-bedder located on the fourth floor that was sold for $868,888 ($2,691 per square foot) in accordance with an agreement filed on the 12th of July. The unit was previously listed for sale at $800,000 ($2,477 per square foot) in May of 2016.
The previous record set at Loft@Holland took place in the last month of June in June, when a third 323 sq ft one-bedder located on the fourth floor was sold for $845,000 ($2,617 per square foot) as per an order filed on the 28th of June.
Another condominium that set an all-time high is the 36 unit Jervois Treasures by Fragrance Group. The five-story condo was built in 2013 and was launched in April of this year, with a deferred-payment scheme. Up to date there have been four units sold.
The most recent was the purchase of a 797 square foot two-bedroom apartment on the fourth level of the condominium at $2.05 million ($2,574 per square foot) in accordance with the caveat filed on the 13th of July.
The fourth in the listing is two-unit It is the Tresor located on Duchess Road, off Bukit Timah Road. The Tresor was developed through Keppel Land, the five-storey condominium was put up in 2005 for sale and was completed in 2007. It is leased for 999 years beginning in 1875. This is what most people believe is similar to freehold rights.
The condominium is one minute walk just a few steps away from Tan Kah Kee MRT Station on the Downtown Line.
The most recent transaction on the market at The Tresor was for a 1,421 square foot, three-bedroom unit that was sold to the tune of $3.525 million ($2,481 per square foot) on the 13th of July. The $2,481 price per square foot achieved was a new record for the condominium.
The prior record psf close to $2,474 psf and was reached by a 990 square foot two-bedroom apartment on the fifth floor The Tresor was purchased for $2.45 million in November 2022.
At Gallop Green which is a exclusive development for residential units of 53 situated in the tranquil neighborhood within Woollerton Park A new record of $2,414 per square foot was established with the purchase of a 2,992 square feet four-bedroom apartment was sold at $7.225 million, as per the caveat filed on the 14th of July.
The development is located just off Farrer Road, Gallop Green was built in 2002 by Straits Development and completed in 2002. The freehold development comprises 40 condo units within an eight-storey block as well as 13 townhouses.
This is the third time that a transaction has crossed the threshold of $2,000 in Gallop Green so far. Last time, it happened was in the month of May 2021 when a 3,63 square feet four-bedroom apartment located on the third floor sold for $7.54 million ($2,116 per square foot).