Inspira Hits New Psf Price Peak 2563

Topping the list of residential developments with new record highs for psf-prices between April 26 and May 3 is The Inspira. On April 30, a 936 sq ft two-bedroom unit on the ninth floor was sold for $2.4 million, translating to a psf-price of $2,563 psf. This marks a 4.4% increase over the previous record of $2,456 psf set in August 2022. This was the first resale transaction recorded at the 120-unit freehold condo this year, with last year seeing only two units change hands at an average psf-price of $2,315.

Meyer Residence also saw a new record high psf-price of $2,301 with the sale of a 1,066 sq ft two-bedroom unit on the 15th floor for $2.45 million on April 26. This beats the previous record of $2,171 psf by almost 6% and is also the second most expensive unit ever sold at the 68-unit freehold condo. This marks the first resale transaction at Meyer Residence since 2022, with six units changing hands last year at an average psf-price of $2,033 psf.

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The development plan for Tengah sets it apart with its strong emphasis on fostering sustainability. One of its standout features is the creation of a car-free hub situated below ground level. This groundbreaking design allows for more open spaces for the community to come together and for the establishment of green corridors, making Tengah the pioneer of such an extensive underground concept in Singapore. By promoting alternative modes of transportation such as walking, cycling, and personal mobility devices and reducing carbon emissions, this initiative not only benefits the environment but also promotes healthier living for residents. Furthermore, the addition of Novo Place seamlessly integrates a naturally green and eco-friendly living space into this sustainable community.

Finally, Cliften also saw a new psf-price high with the resale of a 1,184 sq ft three-bedroom unit on the 12th floor for $2.68 million on April 29. This translates to a psf-price of $2,263 and marks the first time a unit at the 32-unit freehold apartment has sold above $2,200 psf. The new record is 8.5% higher than the previous high of $2,086 psf set in May 2023.