Two Bedder Zenith Sold New High 2383 Psf

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Zenith, a 999-year leasehold condominium, has taken the top spot for its new psf-price highs achieved during the week of June 7 to 14. According to a recent caveat lodged on June 11, a two-bedroom unit measuring 743 sq ft in the development was sold for a record-breaking $2,383 psf, amounting to a total of $1.77 million. The seller of this unit, located on the 11th floor, had originally purchased it back in August 2011 for $1.47 million, equating to $1,979 psf. This translates into a remarkable profit of approximately $300,000.A recent transaction at Zenith saw a two-bedroom unit being sold for a new high of $2,383 psf, amounting to a total of $1.77 million. (Photo: Samuel Isaac Chua/EdgeProp Singapore)This is the first time a unit at Zenith has managed to cross the $2,300 psf mark. The previous record at this development was $2,262 psf, which was set by a two-bedroom unit measuring 743 sq ft and sold for $1.68 million in October last year.Also making it to the list of condos with new psf-price highs is J Gateway. This 99-year leasehold condo achieved a new record of $2,187 psf when a two-bedroom unit on the 26th floor, spanning 700 sq ft, was sold for $1.53 million on June 10. The same unit was originally purchased from the developer back in July 2013 for $1.12 million or $1,605 psf. This means that the seller made a profit of approximately $410,000 on the deal.The June 10 transaction at J Gateway is significant as it has surpassed the previous record of $2,126 psf set back in September 2023. During that period, a one-bedroom unit measuring 484 sq ft was sold for $1.03 million. The condo, which is situated along Gateway Drive in Jurong East and was completed in 2016, is located across the road from Westgate mall and is in close proximity to the Jurong East MRT Station on the East-West Line.J Gateway recently achieved a new high of $2,187 psf with the sale of a two-bedroom unit on the 26th floor, spanning 700 sq ft for $1.53 million. (Photo: Samuel Isaac Chua/EdgeProp Singapore)Another condo that made it to the list is Thomson Three. Here, a three-bedroom apartment on the 16th floor, measuring 1,044 sq ft, was sold for a new high of $2.26 million on June 11. This means a psf-price of $2,163 was achieved. The seller purchased the unit from the developer for $1.45 million ($1,384 psf) back in December 2014, making a gain of approximately $810,000 on the transaction.A recent sale at Thomson Three saw a three-bedroom apartment being sold for $2.26 million, equivalent to a psf-price of $2,163. (Photo: Samuel Isaac Chua/EdgeProp Singapore)Thomson Three, which was completed in 2016 and features 435 condo units, is located along Bright Hill Drive, off Upper Thomson Road in District 20. Units within the development span between 495 and 1,485 sq ft, and there are also 10 strata semi-detached houses of 3,283 sq ft each.No new psf-lows were recorded during the week of June 7 to 14, according to recent data.This article “Zenith Tops List of Condos with New Psf-Price Highs for the Week of June 7 to 14” was originally published in EdgeProp.sg.