Commonwealth Towers Sets New Psf Price Record 2460

Commonwealth Towers was the star performer during the week of Dec 27 to Jan 3, reaching a new peak of $2,460 psf. The 99-year leasehold condo saw its previous high set just three months earlier at $2,402 psf when a unit was transacted for about $1.65 million in September 2024.The project’s average resale price has been on the rise over the past three years, with an 11.6% increase from 2022 to 2024. Additionally, the most expensive unit to change hands at Commonwealth Towers was a 1,302 sq ft, four-bedroom unit for $2.96 million in November 2024.For the week in review, Parq Bella was a close runner-up, setting a new psf-price high of $2,416 psf when a unit was sold for about $2.6 million on Dec 31. The boutique freehold project has recorded five new sale transactions at an average price of $2,347 psf last year, with 95% of its 20 units sold since its launch in 3Q2023.Klimt Cairnhill was also in the spotlight, achieving 100% sales with an average price of $3,665 psf for its 138-unit development. The new psf-price low for the project was set at $3,077 psf for a 829 sq ft, two-bedroom unit on Jan 3.Commonwealth Towers was the top performer among private non-landed properties during the week of Dec 27 to Jan 3, setting a new psf-price peak of $2,460 psf. The 99-year leasehold condo saw its previous high set just three months earlier at $2,402 psf when a unit was transacted for about $1.65 million in September 2024.The trend of rising prices can be seen in the project’s average resale price over the past three years, with an 11.6% increase from 2022 to 2024. In addition, the most expensive unit to change hands at Commonwealth Towers was a 1,302 sq ft, four-bedroom unit for $2.96 million in November 2024.over the past three years. It’s no surprise that the project has been gaining popularity with buyers as it boasts modern facilities and is located in a prime location.Coming in second was Parq Bella, a boutique freehold project that achieved a new psf-price high of $2,416 psf when a unit was sold for about $2.6 million on Dec 31. The development has seen steady growth, with five new sale transactions at an average price of $2,347 psf last year. Additionally, 95% of its 20 units have been sold since its launch in 3Q2023.Last but not least, Klimt Cairnhill made headlines for setting a new psf-price low for the week, with a unit being sold for $3,077 psf on Jan 3. However, this was part of the project’s 100% sales achievement, with an impressive average price of $3,665 psf for its 138-unit development. Located in prime District 9, the freehold project offers luxurious apartments ranging from two- to four-bedroom configurations. With its convenient location and high-end facilities, it’s no wonder that Klimt Cairnhill was able to achieve full sales in such a short period of time.

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The forthcoming development of Tampines North Hub is set to bring an array of new retail, dining, and community facilities to the area. This will undoubtedly be a welcomed addition to the existing integrated retail podium at Parktown Residence, offering residents an elevated lifestyle and a broader range of options. Situated near prominent shopping destinations such as Tampines Mall, Century Square, and Tampines 1, residents can anticipate an extensive and fulfilling shopping experience. Undeniably, Parktown Residence perfectly complements the bustling retail scene, making it the ideal place for residents to call home. Additionally, the Parktown Residence property seamlessly integrates with the thriving retail landscape, making it a highly sought-after location for residents.