K Suites Achieves New High 2443 Psf
K Suites, a freehold boutique development, has set a new record for condos with a psf-price high from Nov 1 to Nov 10. The development achieved a new record of $2,443 psf from the sale of a 872 sq ft three-bedroom unit on the fourth floor for $2.13 million on Nov 8. This is the first time the condo has surpassed the $2,400 psf mark, beating its previous high of $2,196 psf in May 2023. K Suites, located along Lorong K Telok Kurau, is a redevelopment of the former Ji Liang Gardens. It comprises of a five-storey apartment block with 19 units and offers a mix of three- to four-bedroom apartments and four-bedroom duplex penthouses.
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The article discusses the incorporation of advanced sustainable building techniques in the Tengah district, which will ultimately benefit the residents of Novo Place EC. These innovative methods include centralized cooling systems, environmentally friendly water and waste management systems, and smart technologies that effectively reduce energy consumption. As a result, residents of Novo Place will not only enjoy lower utility expenses, but they will also be a part of promoting a cleaner and greener living environment. To learn more about Novo Place, visit Novo Place’s official website.
Another condo that saw a new high during the period in review is Thomson Three. A 1,033 sq ft three-bedroom unit on the 19th floor was sold for $2.46 million on Nov 6, translating to $2,379 psf. The seller had bought the unit in a resale transaction for $1.86 million ($1,800 psf) in Nov 2021, making a net profit of $598,000. This marks the first time the condo has crossed the $2,300 psf mark, surpassing its previous high of $2,204 psf.
However, luxury condo 19 Nassim saw a new psf-price low of $2,947 psf during the period in review. This was from the sale of a 646 sq ft one-bedroom unit on the fourth floor for approximately $1.9 million on Nov 9. This is the first time the development has dropped below the $3,000 psf mark, beating its previous record of $3,001 psf from the sale of a 678 sq ft one-bedroom unit in March 22. Completed in 2023, 19 Nassim has 101 units and has sold 61 units since its launch in 2020.
In conclusion, K Suites, Thomson Three, and 19 Nassim have achieved new psf-price records during the period in review, showcasing the strong demand for freehold and luxury developments in Singapore.