Three Three Robin reaches new high of $2,465 psf
Sturdee Residences likewise achieved a brand-new psf-price high throughout the duration in evaluation with the sale of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The seller of the one-bedroom unit on the 27th ground had actually bought it from the developer in May 2016 for $752,400 ($1,792 psf), that means they made a growth of approximately $146,000 or 19% on the sale. The dealing defeats the past psf-price high at Sturdee Residences logged in June, the moment a 420 sq ft apartment was offered for $888,000 or $2,115 psf.
Three Three Robin, a freehold condominium on Robin Road in top District 10, climbed the listing of apartments that viewed a new psfprice high in between July 28 and Aug 1. This was attained with the sale of a 1,582 sq ft, three-bedroom unit on the sixth level for $3.9 million, or $2,465 psf, on July 28. The purchase marks the very first time the property development has actually moved across the $2,400 psf limit, and also beats the past high of $2,389 psf broken out March 2022 when a 1,582 sq ft unit switched hands for $3.78 million.
One more development that hit a new psf-price high is Mountbatten Lodge, an estate apartment on Mountbatten Road in District 15. A one-bedroom flat on the very first floor evaluating 334 sq ft unit switched hands for $650,000, or $1,948 psf, on July 28. The purchase exceeds the previous record of $1,745 psf signed up in May, when a 355 sq ft unit was sold for $620,000.
No brand-new psf-price lows were noted throughout the time period in review.
Mountbatten Lodge was finished in 1998 with solely 28 non commercial units. Condominiums consist of one- as well as two-bedders in between 280 and also 721 sq ft. The development is located throughout the upmarket housing surround that lines Mountbatten Roadway in the East Coast. Across the path from Mountbatten Lodge is Liv@MB, the upcoming 298-unit domestic property development by Bukit Sembawang Estates.
Three Three Robin is a property by SC Global Developments which was completed in 2005. The shop enhancement has 36 units housed in a solo block. Units consist of 2- to four-bedders between 1,367 and 4,855 sq ft.
The unit sold on July 28 is the first condo at Three Robin to alter hands this year. Before that, the most more recent resale purchase at the property occurred a year ago when a 1,636 sq ft unit on the eighth ground fetched $3.75 million ($2,292 psf) in July 2022.
Sturdee Residences is a 99-year leasehold condominium on Beatty Road in District 8 that was finalized in 2019. The 305-unit condo was developed by SL Capital, a subordinate of district building project firm Sustained Land. Located near Farrer Park MRT Station, the property development is a 30-storey twin-tower plan with a blend of 1- to five-bedroom units that vary from 420 to 1,830 sq ft.
Based upon caveats lodged with URA, the unit sold on July 28 had been acquired by the vendor from the property developer in September 2004 for $1.69 million ($1,067 psf). This indicates they made a gain of $2.21 million (131%) on the purchase.