Sanctuarynewton Hits New Psf Price High 2835

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During the period of June 25 to July 5, several condominiums saw an increase in their psf-prices, with boutique development Sanctuary@Newton taking the top spot at $2,835 psf. This new high was achieved with the sale of a 1,216 sq ft, four-bedroom unit on the 12th floor for $3.45 million on July 2.This marks the first time a unit at Sanctuary@Newton has been transacted at above $2,800 psf, surpassing the previous record of $2,722 psf set with the sale of a 1,055 sq ft unit for $2.87 million on June 20.The new record-breaking sale at Sanctuary@Newton took place on July 2 with the purchase of a 1,216 sq ft unit for $3.45 million (Picture: ASK Development)Sanctuary@Newton is a freehold development consisting of 38 units and is located at 2 Surrey Road, off Newton Road in District 11. The 15-storey tower, which is currently under construction, is within walking distance of the Newton MRT Interchange Station, as well as other amenities such as the Newton Food Centre and United Square Shopping Mall. The units at this condo range from two-bedroom units of 775 to 1,023 sq ft, three-bedroom units of 1,023 to 1,055 sq ft, and four-bedroom units of 1,130 to 1,249 sq ft. The expected completion date for this development is 2025.Visit our website for the latest New Launches to find out about transaction prices and available units.AdvertisementThe Urban Redevelopment Authority (URA) records show that Sanctuary@Newton made its first and only sale last year, with a 1,054 sq ft unit going for $2.71 million, translating to $2,571 psf on July 26. This year, eight units have been sold to date with an average price of $2,684 psf.Another boutique freehold development, Loft@Holland situated on Holland Road, also saw a new psf-price peak during the same period. A 323 sq ft, one-bedroom unit on the fourth floor was sold for $878,000 on July 1, equating to $2,719 psf. This exceeds the previous record of $2,691 psf set last year when another 323 sq ft unit was sold for $868,888.The unit sold on July 1 was purchased by the current seller in March 2017 for $720,000, resulting in a gross gain of $158,000. This is the second resale transaction this year, with a 334 sq ft unit being sold for $858,888 ($2,574 psf) on Feb 2. A new psf-price high of $2,719 was set for Loft@Holland when a 323 sq ft unit was sold for $878,000 on July 1 (Picture: Samuel Isaac Chua)Completed in 2014, Loft@Holland is a freehold condo located near Holland Village in prime District 10. It is within walking distance of the Holland Village MRT Station on the Circle Line. The units in this development consist mainly of one-bedroom apartments ranging from 323 to 484 sq ft, with four one-bedroom-plus-study penthouses spanning 1,044 to 1,141 sq ft.Artra follows closely in third place, with a new psf-price peak achieved during the same period. A three-bedroom unit measuring 1,227 sq ft on the 37th floor was sold for $2.99 million on July 3, or $2,433 psf. This beats the previous record of $2,404 psf, set with the sale of a 1,227 sq ft unit for $2.95 million last December. This is also only the second time a unit at Artra has been transacted for above $2,400 psf.A 1,227 sq ft unit at Artra was sold for $2.99 million on July 3, setting a new high of $2,433 psf (Picture: Samuel Isaac Chua)Artra is a 99-year leasehold condo situated at 10 Alexandra View, next to the Redhill MRT Station on the East-West Line in District 3. Completed in 2020, this development features 400 units and 16 commercial lots housed in a single 44-storey tower. The units consist of two-bedroom-plus-study units ranging from 786 to 829 sq ft, three-bedroom units ranging from 1,044 to 1,119 sq ft, and three-bedroom-plus-study units ranging from 1,227 to 1,410 sq ft. There are also five-bedroom units of 2,583 sq ft.Read also: The Woodleigh Residences hits new psf-price high of $2,532AdvertisementApart from the apartment sold on July 3, seven other units in Artra have been sold this year so far, with units ranging from 786 to 1,119 sq ft, selling at an average price of $2,323 psf. No new psf-price lows were recorded during this period. For current listings, please visit: Sanctuary@newton, Loft@holland, and Artra properties.