Parc Esta Achieves New High 2409 Psf

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Singapore (EDGEPROP) – Parc Esta emerged as the top among all condos that broke new per square foot (psf) selling price heights between June 1 and 7. The all-new psf high was set by the sale of a 581 sq ft unit at $1.4 million ($2,409 psf). This two-bedroom unit, located on the 12th floor, was sold on June 3. As per the lodged data, the seller had acquired this unit from the developer in 2018 for $1.03 million, or $1,775 psf. Therefore, the seller made a profit of $368,000. The transaction that took place on June 3 broke the previous record of $2,380 psf set by a 958 sq ft, three-bedroom apartment sold for $2.28 million on May 23. The seller of this 16th floor unit had bought it directly from the developer in 2019 at $1.58 million ($1,649 psf), thus making a profit of $700,000.Read also: Waterbank at Dakota reaches new high of $2,290 psfAdvertisementParc Esta’s 581 sq ft, three-bedroom apartment becomes the top on the list of condos with new high psf prices between June 1 and 7 (Photo: Google Maps) Parc Esta is a 99-year leasehold condo based in District 14 along Sims Avenue. It was completed in 2022 and boasts of a total of 1,399 residential units ranging from one- to five-bedroom units with sizes from 420 to 1,604 sq ft. The condo also has a cluster of five adjoining retail shops. This development is right next to Eunos MRT Station and Bus Interchange.A total of 39 resale deals were finalized in Parc Esta since 2021 with an average selling price of $2,219 psf. The second highest psf-priced deal between June 1 and 7 was a 764 sq ft unit sold at Leedon 2 at $167 million ($2,183 psf) on June 7. This two-bedroom unit was sold by the seller who earlier acquired it for $1.12 million ($1,466 psf) in February 2017. Thus, the seller walked away with a net profit of $548,000. This sale marks the first time a unit at Leedon 2 was sold at over $2,100 psf. The previous record for the priciest psf price was set at $2,028 psf by a similar-sized, two-bedroom unit sold for $1.55 million in May 2022.Leedon 2, a freehold condo situated in prime District 10, attained a record high of $2,183 psf on June 7 (Photo: Google Maps) Leedon 2 is a freehold condo located at 2 Leedon Road in prime District 10. It was completed in 1996 and has 72 units made up of two- and three-bedroom units sized between 764 to 1,249 sq ft. You can take a walk to Holland Village MRT Station, which is on the Circle Line. This development is situated close to various shopping spots, food and drink joints, and different malls like One Holland Village and Raffles Holland V.Freehold Belmond Green reaches new high of $2,723 psf AdvertisementThe third condo that surpassed with a new psf high was Sengkang Grand Residences. It hit a new record of $2,115 psf with the sub-sale of a four-bedroom apartment sized 1,324 sq ft for $2.8 million on June 4. The seller, who bought this apartment from the developer back in April 2021 for $2.32 million ($1,752 psf), made a profit of $480,800. Read also: Freehold Belmond Green reaches new high of $2,723 psf AdvertisementThis sale has surpassed the previous record high of $2,067 psf made in July 2021 when a two-bedroom apartment sized 764 sq ft was sold for $1.58 million.A four-bedroom apartment of 1,324 sq ft at Sengkang Grand Residences fetched $2.8 million on June 4, setting a record high of $2,115 psf for the condo (Photo: CapitaLand, CDL) Sengkang Grand Residences is a 680-unit part of an integrated development at Compassvale Bow in District 19, which has already been completely sold. This condo resides in Sengkang Grand, which also includes a 3-storey mall, Sengkang Grand Mall, which opened last year, and community facilities like a community club and hawker centers. The development offers access to a bus interchange and Buangkok MRT Station located on the North-East Line. It comprises of nine 13-storey blocks with a mix of one bedroom and study units (474 sq ft), two-bedroom units (624 sq ft), three-bedroom units (936 sq ft), and four-bedroom units (1,313 sq ft).No new psf-low records were found to be in place between June 1 and 7.Find out more about properties in Singapore using EP Buddy! Check out the latest listings for Parc Esta, Leedon 2, Sengkang Grand Residences