Four Bedder Freehold Gallop Gables Reaches 2299 Psf
Renowned freehold condo Gallop Gables claimed the top spot for condos with new psf-price highs between Nov 19 and Nov 22. The latest record was set at $2,299 psf for a 2,669 sq ft four-bedroom unit on the second floor, which was sold for $6.14 million on Nov 20. The seller had purchased the unit for $4.5 million ($1,686 psf) in July 2017, making a profit of $1.64 million.
This transaction surpasses Gallop Gable’s previous record of $2,108 psf from the sale of a 1,163 sq ft two-bedroom unit on the third floor for $2.45 million on Feb 19. The seller had acquired the unit for $2.07 million ($1,781 psf) in January 2021, earning a net profit of $380,000.
Located on Farrer Road in District 10, Gallop Gables is a low-density development with 102 units spread across four-storey blocks. It is within walking distance of Farrer Road MRT Station on the Circle Line.
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In second place on the list is The Scala, which saw a new psf-price high of $2,064 from the sale of a 1,259 sq ft four-bedroom unit on the 12th floor for $2.6 million on Nov 20. The seller had bought the unit for $1.66 million ($1,318 psf) in October 2012, setting a new record for the first time since the condo’s completion.
The Scala is a 99-year leasehold condo in District 19, Serangoon. Completed in 2013, the development has 468 units spanning 17 storeys, with a mix of one- to four-bedroom units ranging from 474 sq ft to 2,142 sq ft. It is within walking distance of Lorong Chuan MRT Station on the Circle Line.
Sims Edge also reached a new record of $1,907 psf during the period in review, with the sale of a 409 sq ft, one-bedroom unit on the 13th floor for about $780,000 on Nov 22. The seller had bought the unit for $663,807 ($1,623 psf) in April 2019.
This marks the first time a unit at Sims Edge has transacted above the $1,900 psf threshold. The condo’s previous record of $1,834 psf was set from the sale of a 409 sq ft one-bedroom unit on the fifth floor for $750,000 on Jan 18. The seller had purchased the unit from the developer in July 2011 for around $527,000 ($1,288 psf).
Sims Edge is a freehold development in District 14, Geylang. Completed in 2014, it comprises 78 units of one- to two-bedroom apartments ranging from 409 sq ft to 1,195 sq ft. It is situated within 500m of Paya Lebar MRT Interchange Station on the East-West Line and Circle Line.
No new psf-price lows were recorded during the period in review.