Waterfall Gardens has set a new high of $2,175 per square foot

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The Myst contractor

Waterfall Gardens topped the list of condos that reached new psf-price records during the period from May 19 through 23. This is due to the sale of a 1,830 square foot three-bedroom unit at the fifth floor $3.98 million on May 19, which amounts to $2,175 per square foot. The price is more than the previous record of $2150 per square foot, which was recorded in November 2022, when the penthouse with four bedrooms measuring 4,037 square feet sold for $8.68 million.

The person who sold the property in the transaction of May 19 had bought the property in August of 2015 for $2.75 million ($1,503 per square foot). This is an $1.23 million (45%) gain on the sale.

The Myst contractor City Development Limited (CDL) has acquired the The Myst condo at 798 and 800 Upper Bukit Timah Road, Bukit Panjang.

Waterfall Gardens is a freehold development with 132 units in Farrer Road in District 10. It was developed by MCL Land, it was completed in the year 2010. It is comprised of three towers with 12 floors each. The residents are comprised of three and four-bedroom homes that range from 1,829 to 2,583 sq feet. There are also 12 penthouse units, ranging between 3,380 and 4,844 sq feet.

Bartley Ridge is another condo that set a new psf record when a 1,173 sq feet property at the 15th level was sold at $2.2 million ($1,875 per square foot) on the 23rd of May. The three-bedroom plus study unit is more than the previous record of $1843 psf that was set in February, when the 1,302 sq. ft. apartment on the 5th floor sold for $2.4 million.

Bartley Ridge is an apartment located situated on Mount Vernon Road, off Bartley Road in District 13 that was completed in the year 2016. The project was jointly constructed by City Developments, Hong Leong Holdings and TID (a joint venture with Hong Leong Group and Mitsui Fudosan) The 99-year leasehold condo has 868 units distributed over nine towers of residential. The units are comprised of one-to four-bedroom units between 441 to 2,121 square feet.

Affinity at Serangoon also surpassed the new high of psf prices during the review period. This comes with the sub-sale of a two-bedroom-plus-study unit measuring 732 sq ft for $1.35 million ($1,844 psf) on May 22. It is higher than the previous record established in August 2022 through selling a 624 square foot unit at $1.15 million or $1,842 per square foot.

Affinity at Serangoon is a 99-year leasehold condominium situated in Serangoon North Avenue 1 in District 19. The 1,052-unit development was created by a group of local developers that is led by Oxley Holdings that includes KSH Holdings, SLB Development and Apricot Capital. It is a renovation of Serangoon Ville, a former HUDC (Housing and Urban Development Co.) estate. The units comprise one-to four-bedroom apartments of 474 to 1,711 square feet as well as 10 penthouses that range from 1,550 to 1,701 square feet. Additionally, 40 townhouses that range from 2,056 to 2,347 sq feet.

The project was announced on the market in June of 2018 and has been able to see 1044 (99%) units taken up for sale with an average price of $1,494 per square foot, according to caveats that were lodged. It is expected to be completed by the end of in the year, Affinity at Serangoon has seen a rise of sub-sale sales. Since the beginning of the year there have been 23 transactions for sub-sales in the development. The units sold range from 474 to 1,152 square feet, with prices ranging between $780,000 to $1.97 million on a per-unit basis or between $1,635 and $1.844 on the basis of psf prices.

There were no new lows for the psf recorded during the time period of the review.

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