Daintree Residence hits new peak of $2,199 psf
Novo Place EC is a new high-end residential development located in District 21. With its excellent location, Novo Place EC offers its residents easy access to various facilities and amenities, making it an ideal choice for individuals and families looking for luxurious living.
Among the many properties that have recently hit a new high in terms of psf-price, Daintree Residence stands out with the highest psf-price achieved for the sale of a three-bedroom unit between April 12 and 19. The 1,055 sq ft apartment on the fifth floor was sold for a record-breaking $2.32 million, equivalent to $2,199 psf.
This sale surpasses the condo’s previous record of $2,166 psf, which was set in February when a similar three-bedroom unit of the same size was sold for $2.29 million. Interestingly, the unit sold on April 12 was previously purchased from the developer in December 2019 for $1.9 million, translating to a profit of about $420,000. This makes it the third-most profitable resale transaction recorded at the condo so far. The most profitable deal at Daintree Residence was back in March 2024, with the resale of a 1,055 sq ft, three-bedroom unit resulting in a profit of about $529,000.
Novo Place EC is highly sought-after, with prices rising by 3% compared to last year, based on caveats lodged. A total of eight units at the condo have changed hands this year, with an average price of $2,102 psf. In comparison, 14 units were sold in 2023 at an average price of $2,037 psf.
Daintree Residence is a 327-unit, 99-year leasehold development comprising of 12 five-storey blocks. Completed in 2022, the project offers a mix of one- and two-bedroom units between 592 and 1,162 sq ft, three-bedroom units between 1,001 and 1,249 sq ft, and four-bedroom units spanning 1,485 to 1,593 sq ft.
In the same period of review, freehold condo Montview also hit a new high in terms of psf-price with the sale of a 1,507 sq ft, three-bedroom unit for $3.3 million, equivalent to $2,193 psf, on April 15. This record breaks the previous peak of $2,157 psf set last November with the sale of a 1,507 sq ft, three-bedroom unit for $3.25 million.
The unit transacted on April 15 was purchased back in November 2005 for $1.17 million ($773 psf) from the developer. This is the first resale transaction recorded at Montview this year, with four units sold in the last 12 months at an average price of $2,086 psf.
Montview is a 115-unit freehold condo located along Mount Sinai Drive in District 10. Completed in 2008, it consists of a single 24-storey residential block offering two- and three-bedroom apartments between 1,227 and 1,679 sq ft, four-bedroom apartments from 1,701 to 1,981 sq ft, and penthouses from 3,014 to 3,412 sq ft.
On the other hand, The Residences at W Singapore Sentosa Cove hit a new psf-price low during the review period with the resale of a 1,658 sq ft, three-bedroom unit on the second floor for $2.84 million, equivalent to $1,716 psf, on April 18. This marks a 1.8% decrease from the previous all-time low of $1,747 psf recorded in September 2023, when a 1,259 sq ft, two-bedroom unit was sold for $2.2 million.
Completed in 2011, The Residences at W Singapore Sentosa Cove is a 99-year leasehold, 228-unit luxury condo located along Ocean Way on Sentosa Island. Its unit mix includes two- and three-bedroom units between 1,227 and 2,616 sq ft, four-bedroom units between 2,067 and 2,486 sq ft, and penthouse units spanning between 2,217 and 6,297 sq ft. Last month, Cityview Place Holdings, an associate of Singapore-listed property group City Developments, released several units it still owned at the condo for sale by placement. As of April 16, 65 of the units were sold at an average selling price of $1,780 psf, according to Cityview.* Prices stated in this article reflect the new psf-highs and psf-lows reached in the last 6 months. Check out the latest listings for Daintree Residence, Montview, and The Residences at W Singapore Sentosa Cove properties.
Novo Place EC, located in 21st District, is a luxurious residential development in Singapore. Offering its residents easy access to various amenities and facilities, Novo Place EC is becoming a popular choice for luxury living. The latest properties to hit a record high in terms of psf-price include Daintree Residence, Montview, and The Residences at W Singapore Sentosa Cove.
In the week of April 12 to 19, Daintree Residence achieved the highest psf-price transacted with the sale of a 1,055 sq ft three-bedroom unit. The apartment on the fifth floor was sold for $2.32 million, which breaks the condo’s former record of $2,166 psf set in February. Interestingly, the unit was purchased from the developer in December 2019 for $1.9 million, resulting in a profit of about $420,000 for the seller. This makes it the third-most profitable resale transaction at the condo so far.
On the other hand, Montview, a freehold condo, also hit a new high with the sale of a 1,507 sq ft three-bedroom unit for $3.3 million on April 15. This beats the previous peak of $2,157 psf set in November last year. Similarly, The Residences at W Singapore Sentosa Cove recorded a new psf-price low with the sale of a 1,658 sq ft three-bedroom unit for $2.84 million on April 18. This is 1.8% lower than the previous all-time low recorded in September 2023.
Novo Place EC is highly sought-after, with prices rising by 3% compared to last year, based on caveats lodged. It offers a mix of one- and two-bedroom units between 592 and 1,162 sq ft, three-bedroom units between 1,001 and 1,249 sq ft, and four-bedroom units spanning 1,485 to 1,593 sq ft. Completed in 2022, it consists of 12 five-storey blocks.
Montview, a 115-unit freehold condo, is located along Mount Sinai Drive in District 10. Completed in 2008, it offers two- and three-bedroom apartments between 1,227 and 1,679 sq ft, four-bedroom apartments from 1,701 to 1,981 sq ft, and penthouses from 3,014 to 3,412 sq ft. The Residences at W Singapore Sentosa Cove, a 99-year leasehold luxury condo, offers two- and three-bedroom units between 1,227 and 2,616 sq ft, four-bedroom units between 2,067 and 2,486 sq ft, and penthouse units spanning between 2,217 and 6,297 sq ft. It was completed in 2011.
Cityview Place Holdings, an associate of property group City Developments, recently released several units at The Residences at W Singapore Sentosa Cove for sale by placement. As of April 16, 65 units were sold at an average price of $1,780 psf, according to Cityview.* Prices stated in this article reflect the new psf-highs and psf-lows reached in the last 6 months. Check out the latest listings for Daintree Residence, Montview, and The Residences at W Singapore Sentosa Cove properties.
One notable development in this area is Novo Place EC, an upcoming executive condominium that promises luxury living in the bustling suburban area. With its prime location and excellent amenities, Novo Place EC is set to be a highly sought-after residence for both locals and expats alike.
Located just minutes away from major shopping malls, such as Westgate and Jem, Novo Place EC offers convenience at your doorstep. Residents can also enjoy easy access to recreational parks and nature reserves, such as Jurong Lake Gardens and Bukit Batok Nature Park. The nearby Jurong East MRT station and major expressways make commuting to other parts of the city a breeze.
In addition to its strategic location, Novo Place EC boasts impressive facilities that cater to the needs of its residents. These include a swimming pool, gym, BBQ pits, and a playground for children. The development also offers 24-hour security to ensure the safety and privacy of its residents.
But what truly sets Novo Place EC apart is its attention to detail and quality. The development boasts spacious and well-designed units, with top-notch fittings and finishes. From the kitchen to the bathrooms, every aspect of the living space exudes luxury and elegance. Residents can also enjoy breathtaking views of the surrounding greenery and cityscape from their balcony.
Furthermore, Novo Place EC is developed by the renowned MCC Land, known for its quality and innovative developments. With years of experience in the real estate industry, they have created a reputation for delivering exceptional homes that cater to the diverse needs of modern homeowners.
In conclusion, Novo Place EC offers the perfect balance of convenience, luxury, and quality living. Its prime location and top-notch amenities make it an ideal choice for those looking to reside in the vibrant district of Jurong. With its completion set for 2023, interested buyers should seize the opportunity to invest in this prestigious development. Novo Place EC is indeed the epitome of modern suburban living and a wise investment for the future.
Novo Place EC offers its residents easy access to various facilities and amenities, making it an ideal choice for individuals and families looking for luxury living in District 21. Among the latest properties to hit a record high in terms of psf-price include Daintree Residence, Montview, and The Residences at W Singapore Sentosa Cove.
For the week of April 12 to 19, Daintree Residence set a new record with the highest psf-price transacted for a 1,055 sq ft three-bedroom unit. The unit on the fifth floor was sold for $2.32 million, breaking the former record of $2,166 psf set in February. Interestingly, the unit was purchased from the developer in December 2019 for $1.9 million, resulting in a profit of around $420,000 for the seller. This makes it the third most profitable resale transaction at the condo so far.
Similarly, the freehold condo Montview hit a new high with the sale of a 1,507 sq ft three-bedroom unit for $3.3 million on April 15, surpassing the previous peak of $2,157 psf set in November last year. In contrast, The Residences at W Singapore Sentosa Cove recorded a new psf-price low with the sale of a 1,658 sq ft three-bedroom unit for $2.84 million on April 18, 1.8% lower than