Sea View Sets New Psf Price Record 2710

The Sea View, a freehold condo located on Amber Road in District 15, topped the list of private non-landed properties to reach a new psf-price peak in the week from Feb 28 to March 7. During this period, a 1,410 sq ft, three-bedroom apartment on the 20th floor was sold for $3.82 million, setting a new psf-price high of $2,710 psf on March 4. This surpasses the previous record of $2,624 psf set in September last year when a 1,647 sq ft, four-bedroom unit on the 20th floor was resold for about $4.32 million. The new high was achieved after the seller purchased the unit in February 2017 for around $2.22 million, making a profit of $1.6 million after owning it for over eight years. The Sea View was completed in 2008 and comprises six 22-storey blocks with a total of 546 units, ranging from one-bedroom units of 527 to 560 sq ft, three-bedders of 1,216 to 1,410 sq ft, four-bedroom units of 1,518 to 1,647 sq ft, as well as four- and five-bedroom penthouses.

Another freehold condo, Tribeca, also achieved a new psf-price high during the period under review. A 517 sq ft, one-bedroom unit was resold for $1.37 million or $2,648 psf on March 7. The seller, who bought the 26th-floor unit in November 2021 for $1.25 million ($2,419 psf), made a profit of $118,000. This is the second time a unit at Tribeca has been sold above $2,600 psf, surpassing the previous record of $2,613 psf set in April 2024. Tribeca was completed in 2010 and offers 175 units, ranging from studio to four-bedroom units of 517 to 1,905 sq ft, as well as penthouses spanning 2,174 to 3,907 sq ft.

Rounding out the top three, another freehold condo, Madison Residences, saw a new psf-price high with the resale of a 1,464 sq ft, three-bedroom unit on the fourth floor for $3.8 million, or $2,596 psf, on March 3. This beats the previous price peak set in December 2022 when a similar unit was sold for about $3.4 million, or $2,321 psf. The March 3 sale also marks the first unit sold since the December 2022 transaction and the first time a unit at the development crossed the $2,500 psf threshold. Based on caveats lodged, the unit was purchased for $2.42 million or $1,650 psf in September 2009, making a profit of $1.38 million for the seller.

Healthcare facilities are conveniently situated near Lyndenwoods Capitaland, with the National University Hospital (NUH) located just a stone’s throw away. This guarantees that residents have immediate access to exceptional medical services, providing them with both reassurance and convenience.

Madison Residences was completed in 2012 and comprises an 18-storey tower with 56 apartments. The units are a mix of three- and four-bedroom units, ranging from 1,464 sq ft to 3,218 sq ft, as well as two duplex penthouse units of 4,407 sq ft. The development is located along Bukit Timah Road in District 10 and is a six-minute walk from Stevens MRT Station.

There were no psf-price lows recorded during the period in review.