$3,272 per square foot is a new price high for Nassim 9
Read more: Ground-floor F&B unit of a two-storey house is for sale at $16 mil
Nassim 9, an exclusive freehold development located on Nassim Road in District 10, surpassed a new price record of $3,272 psf which topped the list of condominiums who have recorded new highs in psf in the week from October 27 through November 5.
The latest high of Nassim 9 follows the sale of a four-bedroom home at $11.2 million on October 27. The 3,423 sq ft unit was bought from the vendor for $6.8 million ($1,987 per square foot) in October 2009. This means the seller made a profit of $4.4 million from the sale. This is the most expensive amount of money that was exchanged in the development, both on absolute and psf bases.
Prior to that the most recent sale at Nassim 9 was in April 2012 , when an area of 3,143 square feet was purchased to a buyer for $8.8 million ($2,800 per square foot) This also represented the previous psf and absolute-price-highs for the condo.
Nassim 9 is a luxury boutique development which is completed in the year 2002. There are just eight units in a 4-storey building. The development is situated inside The private Nassim Road residential enclave, the development is just a short stroll to the Tanglin Mall and the Orchard Road shopping mall as well as Singapore Botanic Gardens. Singapore Botanic Gardens. It is also walking distance to The Orchard Boulevard MRT Station on the Thomson-East Coast Line, which began operation on November 13.
Royalgreen has also reached an all-time high in psf prices following an auction of 721 square feet, two-bedroom property for $2.17 million in psf of $3,003 on October 27. It beat the previous record of $2,974 psf set in April when a 775 square foot unit was purchased to the developer for $2.31 million. This is also the first time that a sale at the development has surpassed the threshold of $3,000 psf.
Royalgreen is a freehold development situated in Anamalai Avenue, off Bukit Timah Road as well as Sixth Avenue in prime District 10. The development was created in partnership with Allgreen Properties, it is part of the developer’s Bukit Timah Collection, which comprises The 476 unit Fourth Avenue Residences located on Fourth Avenue and the 115-unit Juniper Hill located on Ewe Boon Road. Royalgreen was completed in the year 2000 and includes a total of 285 units spread across eight five-storey blocks. The units are comprised of two- to four-bedroom homes that range from 635 sq feet to 1,475 sq feet.
The project is just a 7-minute walk from the Sixth Avenue MRT Station on the Downtown Line. It’s also 10 minutes away from the high-quality schools like Hwa Chong Institution, Raffles Girls’ Primary School, Nanyang Primary School, National Junior College and Methodist Girls’ School.
Landmark is another development that has a high-priced history. Landmark is another building that set a record psf highest when a one-bedder that was 495 square feet sold for $1.32 million which is equivalent to $2,668 per square foot on November 4. The apartment, which is located on the 26th floor was bought directly from the developer. The sale is more than the previous record of $2,660 per square foot recorded on the 15th of September with the sale of a 4,95 square feet unit for $1.32 million.
The Landmark is a 99-year leasehold property in Chin Swee Road, adjacent to Pearl Hill City Park in District 3’s Outram outram. The Landmark is a development by a consortium that includes MCC Singapore, SSLE Development and ZACD Group. It is expected to be completed by 2025 The project comprises 396 homes that comprise one to three bedrooms which range from 495 square feet.
The project was announced for auction in November 2020, and 110 of them (28%) sold at an average of $2250 psf on the launch weekend. Since that time the project has been sold out to the 204 units (52%) have been purchased with an average of $2,227 per square foot, according to caveats that were lodged by the 15th of November. There were no new lows in psf prices observed during the week.