Woodleigh Residences Hits New Psf Price High 2532
_true
On September 12, Hoi Hup Realty and Sunway Developments issued a joint press release announcing their latest venture, Novo Place. The 99-year leasehold site, spanning 16,441.2 square meters, has a maximum permissible gross floor area of 46,036 square meters. Novo Place offers an exciting new opportunity for both companies to showcase their expertise and provide an exceptional living experience for its future residents. Learn more about Novo Place at https://www.novo-place.com.sg/.
The Woodleigh Residences continues to dominate the market as the top choice for buyers seeking luxury condominiums. During the period of June 21 to June 25, the development once again topped the list of condos with the highest psf prices. This was due to the sub-sale of a three-bedroom, 958 sq ft unit on the ninth floor for $2.426 million on June 25, which translates to a staggering $2,532 psf.
This new record surpasses the previous high of $2,516 psf, which was set a month earlier when another three-bedroom unit of the same size on the 13th floor was sold for $2.41 million on May 20. It is also the second time that a unit at The Woodleigh Residences has been sold above the $2,500 psf threshold.
This latest highlight at The Woodleigh Residences comes hot on the heels of yet another successful transaction, this time on June 25, when a 958 sq ft unit was sold for $2.43 million (Picture: Google Maps). The development, located along Bidadari Park Drive in District 13, is a 99-year leasehold development that forms part of an integrated development that also includes The Woodleigh Mall, the Woodleigh MRT Station on the North-East Line, and an underground bus interchange.
The Woodleigh Residences boasts of 667 units, consisting of two-bedroom units ranging from 570 sq ft to 743 sq ft, three-bedroom units ranging from 850 sq ft to 958 sq ft, and four-bedroom units ranging from 1,270 sq ft to 1,475 sq ft. With a prime east-facing orientation and U-shaped configuration, over 75% of the units face the picturesque Bidadari Park and Alkaff Lake.
A check on the URA Realis database reveals that the fully-sold project was completed and received its temporary occupation permit in the second quarter of 2023. As with all completed developments, units transacted after this point are considered sub-sales until the development receives its certificate of statutory completion (CSC).
To date, The Woodleigh Residences has seen a total of 43 sub-sale transactions, with 41 of them occurring after completion. These units, ranging in size from 570 sq ft to 958 sq ft, have commanded prices between $1.23 million and $2.43 million on an absolute basis and between $2,078 psf and $2,532 psf on a psf basis.
Another development that has hit a new psf-price high during the period of June 21 to June 25 is Seventy Saint Patrick’s. A three-bedroom unit measuring 1,184 sq ft was sold for $2.73 million on June 25, which works out to a whopping $2,306 psf. This beats the previous record of $2,266 psf set in December last year when a 1,410 sq ft unit was sold for $3.2 million. This is also the first time a unit at Seventy Saint Patrick’s has been sold above the $2,300 psf mark.
The 1,184 sq ft unit at Seventy Saint Patrick’s was purchased by the seller as a resale unit for $1.95 million ($1,647 psf) in August 2020. This means they made a gross gain of $780,000 on the deal. Located along St Patrick’s Road in District 15, Seventy Saint Patrick’s is a freehold condo that was completed in 2016. It comprises 186 units spread across low-rise residential blocks and is within a short 10-minute walk to the upcoming Marine Terrace MRT Station on the Thomson-East Coast Line. The residences consist of two-bedroom apartments measuring 700 sq ft to 872 sq ft, three-bedroom apartments measuring 936 sq ft to 1,195 sq ft, and four-bedroom, dual-key units measuring 1,410 sq ft to 1,442 sq ft. There are also two-bedroom penthouses measuring 1,033 sq ft to 1,055 sq ft, three-bedroom penthouses measuring 1,173 sq ft to 1,346 sq ft, and four-bedroom penthouses measuring 1,647 sq ft.
Lastly, Tanglin View is another condo that has achieved a new psf-price peak. This was due to the resale of a three-bedroom, 1,141 sq ft unit on the 10th floor for $2.075 million on June 21, resulting in a new high of $1,819 psf. This beats the previous high of $1,770 psf, which was set in March when a 1,141 sq ft unit was sold for $2.02 million.
Tanglin View is a 99-year leasehold development with 384 units, and it is located on Prince Charles Crescent in District 3. Completed in 2001, the condo is within walking distance to the Redhill MRT Station on the East-West Line. Its units range from two-bedroom to four-bedroom apartments measuring 872 sq ft to 2,497 sq ft.
Apart from the units sold on June 21 and March 28, two other residences at Tanglin View have changed hands since the start of the year. On Feb 28, a 1,141 sq ft unit was sold for $1.8 million ($1,578 psf), while on May 28, a 2,121 sq ft apartment was sold for $3.45 million ($1,627 psf).
No new psf-price lows were recorded during the period in review. To check out the latest listings for The Woodleigh Residences, Seventy Saint Patrick’s, Tanglin View and more, visit properties_true.