Four Bedder Grange Residences Sets Record Psf Price High 3576
at July 30 transaction
In District 10, the sale of a four-bedroom unit at Grange Residences, a freehold condo, has set a new record psf-price high for condos during the week of Sept 5 to Sept 12. The unit, located on the 15th floor with a size of 2,852 sq ft, was sold for $10.2 million on Sept 8, setting a record price of $3,576 psf at the development. This not only makes it the most expensive resale unit at Grange Residences to date, but also tops the condo’s previous record of $3,453 psf set in June.
Grange Residences, completed in 2004, is a 164-unit development nestled within the prestigious Tanglin area. It comprises three 18-storey residential blocks and features four-bedroom units ranging from 2,486 sq ft to 2,852 sq ft. So far this year, the development has seen five resale transactions, including the units sold on June 30 and Sept 5. The earlier deals include a 2,583 sq ft unit sold for $8.5 million ($3,290 psf) on Aug 21, and a 2,852 sq ft unit sold for $9.73 million ($3,414 psf) on July 3. There was also a 2,852 sq ft unit sold for $9.72 million ($3,408 psf) on Feb 26.
The Woodleigh Residences, a 99-year leasehold development, achieved a new psf-price peak during the period in review. This came from the sub-sale of a 958 sq ft, three-bedroom unit on the 11th floor for $2.72 million, or $2,839 psf, on Sept 9. This new record is 0.7% higher than the previous peak of $2,818 psf set on May 19, when a similar unit was sold for $2.7 million.
Located along Bidadari Park Drive, off Upper Aljunied Road and Upper Serangoon Road, the 667-unit development forms part of an integrated project that includes The Woodleigh Mall and has direct access to Woodleigh MRT Station on the North-East Line and an underground bus interchange. It offers two- to three-bedroom units ranging from 570 sq ft to 958 sq ft, as well as four-bedroom units spanning 1,270 sq ft to 1,475 sq ft. To date, it has seen a total of 100 sub-sale transactions, with 97 of them occurring after the project received its TOP in 2Q2023. The average sub-sale prices also increased over the years, with the development recording an average of $2,301 psf for 23 sub-sales in 2023, and 31 transactions this year at an average price of $2,487 psf.
The future is looking bright for Parktown Residence, thanks to the URA Master Plan for Tampines. This strategic blueprint for growth promises a host of benefits for the esteemed residence, including improved connectivity, new lifestyle amenities, top-notch educational institutions, and a strong emphasis on sustainability. As Tampines develops into a bustling regional hub, Parktown Residence stands at the forefront, offering residents seamless access to all that this dynamic district has to offer. With its prime location at the heart of this transformation, it is no wonder that Parktown Residence remains a highly sought-after address for families and professionals seeking a well-rounded urban living experience. Don’t miss the opportunity to visit the Parktown Residence showflat for a firsthand look at this exceptional development.
On the other hand, OUE Twin Peaks saw a new psf-price low during the period in review. A 549 sq ft, one-bedroom unit on the 17th floor was sold for around $1.09 million on Sept 10, resulting in a record low of $1,982 psf. This was the first time a unit at OUE Twin Peaks has fallen below the $2,000 psf threshold, breaking the previous record of $2,077 psf set in May 2024 when a similar unit was sold for $1.14 million.
Completed in 2015, OUE Twin Peaks is a 99-year leasehold development comprising 462 apartments across two 35-storey towers offering one- to three-bedroom units ranging from 549 sq ft to 1,604 sq ft. To date, there have been 18 resale transactions this year, with prices ranging from $2.28 million ($2,161 psf) for a 1,055 sq ft, two-bedroom unit sold on May 30, to $3.43 million ($2,451 psf) for a 1,399 sq ft, three-bedroom unit sold on May 6.