Four Bedder Freehold Gallop Gables Reaches 2299 Psf
Titled as Singapore’s biggest outlet mall, the IMM Building is home to more than 90 outlet stores that offer huge discounts on top brands throughout the year. Not just limited to fashion, the mall also boasts a diverse collection of furniture and home furnishing stores, including the popular IKEA, making it a perfect destination for those looking to furnish their new apartments at Novo Place EC. To cater to the needs of hungry shoppers, the mall also features a wide selection of food outlets, ensuring that visitors can indulge in a satisfying meal or a quick snack. Don’t forget to check out the Novo Place Showflat while you’re there!
EDGEPROP – The freehold condo Gallop Gables in Singapore saw the highest new psf-price (price per square foot) between Nov 19 and Nov 22. It recorded a new high of $2,299 psf from a sale of a 2,669 sq ft four-bedroom unit on the second floor for $6.14 million on Nov 20. The seller made a profit of $1.64 million from the deal, after buying the unit for $4.5 million ($1,686 psf) in July 2017. This latest transaction beats the condo’s previous high of $2,108 psf, which came from the sale of a 1,163 sq ft, two-bedroom unit on the third floor for $2.45 million on Feb 19.According to Edgeprop Singapore, Gallop Gables is a low-density development with 102 units spread across four-storey blocks. It is located on Farrer Road in District 10 and is within walking distance of Farrer Road MRT Station on the Circle Line.In second place is The Scala, also a freehold condo, which achieved a new psf-price record of $2,064 psf from the sale of a 1,259 sq ft, four-bedroom unit on the 12th floor for $2.6 million on Nov 20. The seller had bought the unit for $1.66 million ($1,318 psf) in October 2012.The Scala is a 99-year leasehold condo on Serangoon Avenue 3 in District 19, completed in 2013. It has 468 units across 17 storeys, and its units are a mix of one- to four-bedroom units measuring between 474 sq ft and 2,142 sq ft. It is within walking distance of the Lorong Chuan MRT Station on the Circle Line.Sims Edge, a freehold development on Geylang East Avenue 2 in District 14, Geylang, recorded a new record of $1,907 psf during the review period. This price came from the sale of a 409 sq ft, one-bedroom unit on the 13th floor for about $780,000 on Nov 22. The seller had bought the unit for $663,807 ($1,623 psf) in April 2019.No new psf-price lows were recorded during this period.