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View Full Version : Skyline @ Orchard Boulevard hits new high of $5,371 psf



New Reporter
17-02-23, 11:30
Skyline @ Orchard Boulevard hits new high of $5,371 psf

February 17, 2023

https://i.imgur.com/PDI1Fpg.jpg

Skyline @ Orchard Boulevard, a freehold luxury development along Angullia Park close to Orchard Road in District 9, has topped the list of condominiums that have hit a new psf-price high over the period of Jan 27 to Feb 3. A 3,767 sq ft, four-bedroom unit on the 31st floor changed hands for $20.23 million on Feb 1, which works out to $5,371 psf.

The transaction price is the highest recorded on both absolute and psf-price bases at the 33-storey tower, based on caveats lodged. It beats the previous high recorded in October 2012, when another 3,767 sq ft, four-bedroom unit on the 27th floor was purchased for $18.88 million ($5,011 psf) from the developer.

Skyline @ Orchard Boulevard is a development by Far East Organization that was completed in 2015. It has a total of 40 units, comprising two-, three- and four-bedroom apartments ranging from 1,744 sq ft to 3,767 sq ft. There is also a duplex penthouse measuring 9,494 sq ft. The development is within walking distance of the Orchard MRT Station on the North-South and Thomson-East Coast Lines, as well as various malls along the shopping belt including Ion Orchard, Wheelock Place and Wisma Atria.

Leedon Residence is another development that hit a new psf-price high during the period in review, with the sale of a four-bedder for $7.2 million, or $2,708 psf, on Jan 30. The 2,659 sq ft unit, located on the ninth floor, had been purchased from the developer in November 2015 for $4.81 million ($1,809 psf), which means the seller reaped a gain of $2.39 million.

The transaction marks the first time a unit at Leedon Residence has crossed the $2,700 psf threshold. The previous psf-price high recorded at the development was in December 2013, when a 2,131 sq ft unit on the 10th floor was sold by the developer for $5.72 million ($2,685 psf).

More at: https://www.edgeprop.sg/property-news/skyline-orchard-boulevard-hits-new-high-5371-psf