Sloane Residences are entirely occupied and cost $2,882 per square foot on average

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Skywaters Residences condo price

Sloane Residences, the 52-unit development developed by TSky Development in District 10’s Balmoral neighbourhood, witnessed the sale of the last four units on January 7. This signifies that the development, that was granted its temporary occupation permission (TOP) on November 18 2022, has now been 100% sold.

The freehold development on Balmoral Road was first launched to be sold in June of 2019. TSky Development is a 60:40 joint venture of Singapore-listed construction companies Tiong Seng Holdings and Ocean Sky International. Tiong Seng was also the principal contractor on the development.

Skywaters Residences condo price translates from 678,000 sq ft up to 720,000 sq ft based on NLA.

The tower is 12 stories high, Sloane Residences’ 52 units comprise two-bedders with 743 sq ft and three-bedders that start at 1,249 sq feet. There are also four-bedroom units that measure 1,496 sq feet.

A spokesperson from TSky Development, the condominium was sold at an average cost of $2,882 per square feet. Caveats filed with URA at the time of writing have prices that range between $2,664 psf and $3,339 per square foot.

Around 70% of customers have Singapore nationals or permanent residents of Singapore. A majority of buyers are also owners of. “Many buyers have purchased a house at Sloane Residences because of its proximity to excellent schools and schools, including Anglo-Chinese school (Primary) in Singapore and the Anglo-Chinese School (Primary) Chinese Girls School located within 1-km radius from Sloane Residences.” the spokesperson for TSky Development says.

Buyers were also attracted by the peaceful beauty in the Balmoral residential enclave while it is also close to The Orchard Road shopping belt. TSky Development also highlights that there is a huge demand for homes with a new design that is prepared for the move in. “With Sloane Residences achieving its TOP in November and TSky Development being capable of meeting this surge of demand. Additionally the customers could see the actual residence and experience the high-end construction and finishes,” the company’s spokesperson adds.

The units located at Sloane Residences feature regular layouts with ceiling heights of up to 6 meters. The kitchen appliances are available from V-Zug and bathroom fittings from Grohe.

In addition, TSky Development also recently sold three units in the last two weeks at Cairnhill 16, its high-end condo at the highest point of Cairnhill Rise in District 9. Based on caveats filed at the end of December 2022 among the condos that was sold was an 11th floor four-bedroom condo comprising 1,744 square feet which cost $4.8 million ($2,753 per square foot) The other was a 1,055 sq . ft 3 bedroom unit on the ninth floor which was purchased for $2.85 million ($2,700 per sq ft). The freehold 15-storey residential tower that has 39 units was officially launched in the month of November 2021. Recent Cairnhill 16 sales Cairnhill 16 come after a revamping of the gallery for sales and display the units’ interiors, which were completed through Axis ID.

Based on TSky Development, prices at Cairnhill 16 are currently averaging around $2,950 per sq ft. Cairnhill 16 is expected to get its TOP in the coming year.

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