In the list of condominiums that reached the new high of psf prices between Dec 3 and 27th of December 2022, The M by Wing Tai Holdings came in first with the 592 square feet 2 bedroom unit sold for $1.92 million ($3,245 per square foot) on the 24th of December.
The previous record for the site was established by the sale of 764 square feet, two-bedder, for $2.44 million ($3,193 per square foot) in October 2022.
The M comprises a development of 522 units located on Middle Road in the Bugis district. The project was officially launched on the weekend of February 22-23 in 2020, just before Singapore’s “circuit breakers” measures to stop the Covid-19 pandemic began to take effect.
Skywaters Residences Perennial Holdings to construct mixed development site is expected to house 100 executive hotel rooms, 268 beautiful apartments, retail space of 86,187 sq ft and offices covering 847,808 sq ft of total Gross Floor Area (GFA).
However, despite the concerns about the spread of the virus the project did well during its initial sales phase with more than 360 units (70%) were sold for an average of $2,450 per square foot. The developer said that the enthusiastic reaction of purchasers to its centrally located location as well as the appealing style of overall building.
The M is located Between North Bridge Road and Beach Road The M is near shopping centres like Buis Junction, the Intercontinental Singapore, Raffles Hotel, South Beach integrated development, and Suntec City. The development is also within major revitalisation projects designed to improve development in the Beach Road area, such as the Guoco Midtown integrated development.
Based on the most recent developer information The project is almost completely sold out and has a total acceptance rate of 95% in November 2022.
Another top chart during the time that was under review was a newly developed project, Van Holland, located in District 10’s prime area. On the 23rd of December 7,10 square feet two-bedroom apartment was purchased to developer developer at $2.29 million ($3,237 per square foot). This was more than the previous record that was set by the purchase of a 797 sq . ft two-bedroom unit for $2.47 million ($3,106 per square foot) on July 6, 2022.
Van Holland is a freehold luxury development by developers Koh Brothers. The boutique development of 69 units was officially launched for sale in January of 2020. The initial take-up rate of the project was low around 10-units (15%) sold during the first weekend of January 11-12. Based on the most recent developer figures the project has achieved an average sales price of $2,907 per square foot and a take-up percentage of 55%.
However, Sloane Residences saw a record-breaking psf-price when an 1,249 sq ft three-bedroom apartment was sold at $3.46 million ($2,664 per square foot) on December 16. The record-setting low previously set by the purchase of a 1,249 square foot three-bedroom unit at $3.34 million ($2,677 per sq ft) in September of 2020.
The project is being developed in partnership with TSky Development, a joint partnership between developers Tiong Seng and Ocean Sky International. Tiong Seng holds a 60% stake in Ocean Sky International.
The new low psf-price in Sloane Residences comes on the basis of its temporary occupancy permit (TOP) which was granted in the month of November 2022. The freehold development is a 12-storey condo on Balmoral Road in prime District 10 and houses 52 housing units.
Based on the most recent developer sales figures that was submitted URA, the latest developer sales data has been submitted. URA, Sloane Residences is 82.7% sold and has an average price for sale of $2,902 per square foot.
Based on property information collected by EdgeProp Based on property data compiled by EdgeProp, the development is one of the top average selling prices in its location. For instance, the average selling price for the nearby Goodwood Grand is about $2,526 per square foot. The Freehold Volari offers an average price for sale of $2,494 per square feet. Other developments such as The Hyde, which was completed in the year before, have selling prices of around $2,998 per square foot. The new luxury development Perfect Ten has seen units selling for $2,968 psf.