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View Full Version : Sale of penthouse at Robinson Suites sets new low of $2,128 psf



reporter2
06-06-22, 11:43
Sale of penthouse at Robinson Suites sets new low of $2,128 psf

June 3, 2022

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The sale of a 1,410 sq ft, two-bedroom penthouse unit at Robinson Suites on May 18 has set a new psf price low in the development after the unit was sold for $3 million ($2,128 psf).

Based on URA caveats, the previous psf price low at Robinson Suites involved the sale of a 1,346 sq ft, two-bedroom penthouse unit that changed hands for $3 million ($2,230 psf) in July 2018.

Robinson Suites features one- and two-bedroom units ranging from 484 sq ft to 990 sq ft. There are also six penthouse units ranging from 1,087 sq ft to 1,410 sq ft.

Excluding the sale of the penthouse units, resale prices at Robinson Suites have been relatively consistent over the past two years. At least eight resale transactions have been recorded at the condominium during this period with prices ranging from $1.2 million ($2,372 psf) for a 506 sq ft unit that was sold in September 2020 to $1.23 million ($2,535 psf) for a 484 sq ft unit that was sold in December 2020.

https://i.imgur.com/Bp3gZ90.jpg

Robinson Suites is a freehold condominium at 50 Robinson Road in District 1. The 167-unit development is located within the Central Business District and close to prime commercial buildings along nearby Shenton Way, Raffles Place, Marina Boulevard, Central Boulevard and Tanjong Pagar.

As a result, the condominium enjoys good locational attributes and transport connectivity. In particular, at least four MRT stations are close to the development: Raffles Place Interchange on the North-South and East West Lines, Tanjong Pagar on the East-West Line, and Telok Ayer and Downtown stations on the Downtown Line. The upcoming Shenton Way station on the Thomson-East Coast Line is also nearby.

At the top of the table, Fyve Derbyshire in Novena has set a new psf price high just two weeks after the sale of a developer unit crossed the $2,600 psf threshold for the first time since its launch in January 2019.

Read more at: https://www.edgeprop.sg/property-news/sale-penthouse-robinson-suites-sets-new-low-2128-psf