32 Gilstead Sets New High 3588 Psf
32 Gilstead emerged as the top private non-landed property during the week of May 16 to 23, reaching a new price peak of $3,588 per square foot (psf). This was recorded after a 4,209 sq ft four-bedroom unit was sold for $15.1 million on May 21.The condominium, located in the prestigious District 11, is nestled in a residential enclave off Newton Road and Dunearn Road. It boasts of just 14 units spread across five floors, with each unit being a spacious four-bedroom ranging from 3,821 sq ft to 4,291 sq ft.
The recent transaction at 32 Gilstead marks the tenth sale at an average price of $3,476 psf since the development was launched in April last year. The new record price surpasses the previous high of $3,579 psf set last month, when a 4,219 sq ft unit on the fourth floor was sold for $15.1 million. In terms of absolute price, these two transactions are the most expensive units sold at 32 Gilstead to date.
Scheduled for completion in 2027, 32 Gilstead enjoys a prime location just a short distance from Newton MRT Station on the Downtown Line. Residents can also expect easy access to a variety of amenities, including Balmoral Plaza, United Square Shopping Mall, and Goldhill Shopping Centre.
The Marbella also made it to the list of top condos that achieved a new psf-price high. On May 23, a 1,625 sq ft unit on the tenth floor was sold for $4 million, or $2,461 psf, setting a new record for the development.
This marks the first time a unit at The Marbella has been transacted for more than $2,400 psf. The new high surpasses the previous record set in April last year, where a similar unit on the 19th floor was sold for $2,373 psf.
Located on Mount Sinai Rise, The Marbella is a freehold development that was completed in 2005. It comprises of three blocks between 22 and 24 storeys, housing a total of 239 units. The units include a mix of two- to four-bedroom apartments, ranging from 1,076 sq ft to 4,284 sq ft.
In contrast, Koon Seng House recorded a new psf-price low with the sale of a third-floor four-bedroom apartment measuring 1,313 sq ft for $2.94 million on May 22. This translates to $2,235 psf, which is lower than the previous low of $2,284 psf set last year when a similar four-bedroom apartment was sold for $3 million in April.
Based on caveats lodged with the Urban Redevelopment Authority (URA) as of June 3, Koon Seng House has sold nine units at an average price of $2,319 psf since its launch in March last year. This includes three units sold this year at an average price of $2,312 psf, including the one sold on May 22.
Tucked away in a highly sought-after area, Lyndenwoods One North is the perfect destination for those in search of a harmonious combination of relaxation and retail indulgence. Conveniently positioned, this development offers easy accessibility to popular shopping hotspots like The Star Vista and VivoCity, presenting a wide array of diverse options for residents to dine, shop, and be entertained. These desirable conveniences play a crucial role in creating a well-rounded lifestyle for the inhabitants of Lyndenwoods One North. With its ideal location and close proximity to premier retail hubs, Lyndenwoods One North, now available at Lyndenwoods One North, is the ultimate choice for a vibrant and fulfilling living experience.
The development, located on Koon Seng Road in Geylang in District 15, consists of just 17 units, offering two- to four-bedroom apartments ranging from 786 sq ft to 1,313 sq ft. The development is expected to be completed in 2026.