The Scala achieves new high of $1,816 psf
The Scala, a condo located along Serangoon Avenue 3 near Lorong Chuan MRT station, topped the chart Among the list of condos that saw a new psf-price record established between Sept 10 to 12. A new psf-price high of $1,816 was obtained after the sale of a 474 sq ft, one-bedroom apartment for $860,000 on Sept 12. The seller had previously acquired the unit in January 2K16 for $715,000 ($1,510 psf), translating to a gross gains of $145,000 on the transaction.
The Scala with this transaction observed the first time a unit that has transacted above the $1,800 psf benchmark. It triumphed the previous record psf-price for the condo obtained on June 30 after a two-bedroom unit with dimension of 829 sq ft exchanged hands for $1.5 million, or $1,789 psf.
The Scala at Lorong Chuan is a 17-storey condominium situated along Serangoon Avenue 3, Completed in 2K13, is Jointly-Developed by reputable real estate developers Hong Leong Holdings, TID and Hong Realty, This Serangoon condo comprises of 468 units with multiple layouts from one- to four-bedders with measurements 474 to 2,142 square feet.
The Cosmo condo, a freehold tenure condo located at Guillemard Crescent, off Guillemard Road in District 14 and is short walking distance to the Mountbatten railway Station, also obtained a record psf-price high during the period in review at $1,808 with the sale of 398 sq ft, one-bedroom apartment for $720,000 on Sept 11, which works out to $1,808 psf. the previous record of $1,695 psf established in May 2K12 after a 398 sq ft unit exchanged hands for $675,000 was smashed, marking the first time a unit at Cosmo to surpass $1,800 psf threshold. The unit which transacted on Sept 11 is the first apartment at Cosmo to transact this year. the most recent resale transaction previously occurred in August 2K22, when a 667 sq ft unit fetched $1.06 million.
Bukit Regency, situated along upper bukit timah in District 21, is a freehold condo by Allgreen Properties. This freehold bukit timah condo also attained a new record psf price. This follows a transaction on Sept 12, when a three-bedroom apartment with dimension 1,399 sq ft transacted for $2.3 million, or $1,669 psf. The previous psf-price high record at Bukit Regency was held by the sale of a 947 sq ft, two-bedroom unit for $1.6 million ($1,657 psf) on June 7. Bukit Regency was completed in 1995 and comprises of six towers with total 224 units units mix range from two- to four-bedders configuration between 926 to 1,701 sq ft.
The seller of the unit sold on Sept 12 had purchased it in January 1999 for $760,000 ($543 psf). This means they netted a gain of $1.575 million on the sale, making it the most profitable transaction record to date at Bukit Regency, based on data compilation on the web.
