Four Bedder Jadescape Charts New High 2420 Psf

for 2021The 5 most expensive properties sold in Singapore this monthJADESCAPE topped the list of condominiums that set new psf-price highs between September 28 and October 3. A four-bedroom unit at the 1,206-unit leasehold condo sold for $2,420 psf, marking the first time that a unit in the development has crossed the $2,400 psf mark. This sale resulted in a net profit of $805,000 for the seller who had bought the unit for $2.63 million from the developer at $1,853 psf.In second place was the freehold Goldenhill Park Condominium, which achieved a new record of $2,246 from the sale of a three-bedroom unit. The seller of this unit had purchased it for $1.60 million in 2011, making a net gain of $1.35 million on the sale. This is the first time the condo has surpassed the $2,200 psf mark and beats its previous record of $2,158 psf.”The recent transactions at Jadescape and Goldenhill Park Condominium reflect the strong demand for homes in the prime areas of Singapore. Both properties are located in highly sought-after districts and are within easy reach of amenities, such as MRT stations, shopping malls, and schools. Buyers are willing to pay a premium for the convenience and prestige that comes with living in these areas,” says Natalie Tan, director of research at Orange Tee & Tie.Bishan is a popular choice when it comes to property purchases due to its central location, good transportation connectivity, and a wide variety of lifestyle amenities. Jadescape residents can walk to the Marymount MRT Station and enjoy the convenience of living near the Bishan-Ang Mo Kio Park. Meanwhile, Goldenhill Park Condominium is located near the Lorong Chuan MRT Station and is surrounded by renowned schools such as Nanyang Junior College.Third on the list is the Cairnhill Residences, which achieved a new high of $2,693 from the sale of a 1,431 sq ft unit on the 14th floor. This is the first time the freehold development has surpassed $2,600 psf.”The resale transaction at Cairnhill Residences indicates that buyers are confident about the prospects of the luxury segment in the future. This condo commands a prime location in Orchard Road, which is one of the most prestigious address in Singapore. There are no new developments planned in the area, adding to its exclusivity and desirability,” notes Tan.The fourth spot is taken by Parvis, which saw a new high of $2,517 from the sale of a three-bedroom unit on the 10th floor. This freehold condo is located in District 10, near the Holland Village and One-North precinct. It is surrounded by lifestyle amenities and is close to the One-North MRT Station, which links to the Circle Line. The unit was sold for a net gain of $447,400 as the seller had bought it for $2.074 million in 2009.Source: EdgePropResearch, OrangeTee&BIRDGOLDENHILL PARK CONDOMINIUM and Loft @ Holland are the only freehold properties on the list of the top five condos that achieved new psf-price lows during the September 28-October 3 period. Goldenhill Park Condominium, located on Mei Hwan Drive in Bishan, achieved a new low of $1,417 psf from the sale of a 980 sq ft unit on the fifth floor. The seller had bought the unit for $1.6 million in July 2018.Goldenhill Park Condominium, which was completed in 2004, has 390 units, including two- to four-bedroom apartments ranging from 926 sq ft to 2,928 sq ft. Meanwhile, the 41-unit Loft @ Holland on 151 Holland Road saw its first sub-$1,400 psf transaction when a 980 sq ft unit on the fifth floor sold for $1.39 million.Loft@holland saw a new psf-price low of $1,417 psf (Photo: Samuel Isaac Chua/EdgeProp Singapore)Tan of OrangeTee & Tie says, “The new lows recorded at these two developments is an opportunity for buyers to enter the market at more affordable prices. The units at these two projects were purchased between $1.6 million and $1.86 million, which are relatively mid-tier prices for properties in prime districts.”There have been only three transactions at Loft @ Holland this year, with an average price of $2,237 psf. The highest unit price was achieved in July, when a 323 sq ft, one-bedroom unit was sold for $878,000 ($2,719 psf).Ng Wee Kwong, OrangeTee & Tie’s senior vice president of group commercial services, notes that Loft @ Holland is a boutique development with only 41 units. “Besides being a freehold property in District 10, it is located near Holland Village, a vibrant neighbourhood with a good mix of retail, F&B, and entertainment options. The units are popular among young married couples and singles because of its proximity to good schools, such as Hwa Chong Institution, National Junior College, and Nanyang Girls’ High School.””Goldenhill Park Condominium, on the other hand, presents a good opportunity for property investors, due to its high rental yield. The average rental yield for the freehold condo is about 3.8%, higher than the market average of 3.49% for a three-bedroom unit,” adds Ng.Sufian Suderman, OrangeTee & Tie’s senior associate marketing director, attributes the dip in psf prices at the two developments to a recent correction in the luxury market. “The government has introduced several cooling measures over the years, which have brought prices of luxury properties down to a more sustainable level. This presents an opportunity for buyers to obtain freehold properties at competitive prices,” he says.Source: EdgeProp Research, OrangeTee & TieTrack the latest changes in the Property Market PropertyGuru Property Market Index Q3 2020.PropertyGuru Property Market Index Q2 2020.PropertyGuru Property Market Index Q1 2020.PropertyGuru Property Market Index Q4 2019.PropertyGuru Property Market Index Q3 2019.PropertyGuru Property Market Index Q2 2019.PropertyGuru Property Market Index Q1 2019.PropertyGuru Property Market Index Q4 2018.PropertyGuru Property Market Index Q3 2018.PropertyGuru Property Market Index Q2 2018.PropertyGuru Property Market Index Q1 2018.PropertyGuru Property Market Index Q4 2017.PropertyGuru Property Market Index Q3 2017.PropertyGuru Property Market Index Q2 2017.PropertyGuru Property Market Index Q1 2017.PropertyGuru Property Market Index Q4 2016.PropertyGuru Property Market Index Q3 2016.PropertyGuru Property Market Index Q2 2016.PropertyGuru Property Market Index Q1 2016.PropertyGuru Property Market Index Q4 2015.PropertyGuru Property Market Index Q3 2015.PropertyGuru Property Market Index Q2 2015.PropertyGuru Property Market Index Q1 2015.PropertyGuru Property Market Index Q4 2014.

Jadescape emerged as the top condominium that reached new psf (per square foot) price highs from September 28 to October 3, according to Edgeprop. The units at the condominium sold as high as $2,420 psf, with one four-bedroom unit on the 21st floor selling for $3.44 million on September 30.

This marks the first time that one of Jadescape’s units has crossed the $2,400 psf mark, with the seller making a net profit of $805,000 from buying the unit at $2.63 million from the developer, at $1,853 psf.

The transaction on September 30 surpassed the previous record at Jadescape of $2,360 psf, when a three-bedroom unit on the 15th floor was sold for $2.49 million on August 28.

The popular condominium has seen a high volume of units changing hands, with 64 resale transactions to date this year, ranging from $1,955 psf to $2,420 psf, with an average price of $2,162 psf. This is 12% higher than the average price of $2,130 psf from the 62 resale transactions at the condominium last year.

Jadescape is a 99-year leasehold condominium at the junction of Marymount Road and Shunfu Road in Bishan (District 20). It comprises 1,206 units across seven residential towers and offers one- to five-bedroom apartments ranging from 527 sq ft to 4,230 sq ft. The condominium is conveniently located within walking distance of Marymount MRT station on the Circle line.

Located in close proximity to one of Singapore’s top universities, Nanyang Technological University (NTU), is a valuable advantage for families with college-aged children. With a renowned reputation for its exceptional engineering and business programs, NTU offers students a stimulating learning experience with cutting-edge research facilities and a lively campus community. Moreover, NTU’s prime location near Novo Place provides even more convenience and opportunities for students and their families.

The second place on the list went to freehold Goldenhill Park Condominium, located in District 20, where a new record of $2,246 psf was set from the sale of a three-bedroom unit on the 17th floor for $2.95 million on October 2.

The seller had purchased the unit in a resale transaction for $1.60 million in March 2011, making a net gain of $1.35 million from the sale. This marks the first time that the condominium has surpassed the $2,200 psf mark, beating its previous record of $2,158 psf that