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25-09-23, 08:40
Midtown Bay clinches new high of $4,086 psf
September 22, 2023
https://i.imgur.com/zRLeMeQ.jpg
Guocoland’s 99-year leasehold condo Midtown Bay has achieved a new psf price high of $4,086 psf. This comes from the sale of a 474 sq ft one-bedroom unit at $1.97 million on Sept 10, beating a list of condos that saw new psf-price highs between Aug 29 to Sept 10.
The previous high for a Midtown Bay unit was achieved in January when a 732 sq ft two-bedroom apartment changed hands for $2.9 million or $3,929 psf.
Based on caveats lodged, 121 of Midtown Bay’s 219 units have been sold to date, which works out to a take-up rate of 55%. The condo features a mix of one- to three-bedroom apartments.
Midtown Bay is located within integrated development Guoco Midtown along Beach Road. The mixed-use project includes a 30-storey office tower, three retail clusters, an F&B village, and features a direct sheltered access to the Bugis MRT Interchange.
Coming on the heels of Midtown Bay is 99-year leasehold condo The Landmark, which saw a new record price of $2,894 psf from the sale of a 495 sq ft one-bedder at $1.4 million on Sept 3. This beats the previous record from the transaction of a 678 sq ft two-bedroom unit at $1.95 million or $2,879 psf in May.
Developed by Landmark JV, a consortium between ZACD Group, MCC Land, and SSLE Development, The Landmark is located along Chin Swee Road, which fronts Pearl’s Hill in District 3. The condo comprises a single 39-storey tower with 396 units.
During its launch in November 2020, the condo sold out 92% of 120 units released. As of Sept 21, The Landmark has sold 297 units which translates to a take-up rate of 75%. The condo is expected to be completed in 2025.
Freehold condo The Regency at Tiong Bahru ranked third in the list of condos that saw new psf-price highs during the period in review. This follows the sale of a 1,281 sq ft three-bedroom apartment for $3.1 million or $2,411 psf on Sept 7. The condo’s previous high came from the sale of a two-bedder for $2.2 million or $2,276 psf in March.
A 1,281 sq ft three-bedroom apartment at The Regency at Tiong Bahru was sold for $3.1 million or $2,411 psf on Sept 7, setting a new psf price high for the freehold condo.
The seller of the unit that changed hands on Sept 7 had purchased it in August 2009 for $1.4 million ($1,093 psf). This translates into a gain of $1.7 million.
Located at Chay Yan Street in Bukit Merah, The Regency at Tiong Bahru was developed by UOL Group and was completed in 2010. The condo has 158 units and is within walking distance of Tiong Bahru, Redhill and Queenstown MRT Stations.
No new psf-price lows were recorded during the period in review.
More at: https://www.edgeprop.sg/property-news/midtown-bay-clinches-new-high-4086-psf
September 22, 2023
https://i.imgur.com/zRLeMeQ.jpg
Guocoland’s 99-year leasehold condo Midtown Bay has achieved a new psf price high of $4,086 psf. This comes from the sale of a 474 sq ft one-bedroom unit at $1.97 million on Sept 10, beating a list of condos that saw new psf-price highs between Aug 29 to Sept 10.
The previous high for a Midtown Bay unit was achieved in January when a 732 sq ft two-bedroom apartment changed hands for $2.9 million or $3,929 psf.
Based on caveats lodged, 121 of Midtown Bay’s 219 units have been sold to date, which works out to a take-up rate of 55%. The condo features a mix of one- to three-bedroom apartments.
Midtown Bay is located within integrated development Guoco Midtown along Beach Road. The mixed-use project includes a 30-storey office tower, three retail clusters, an F&B village, and features a direct sheltered access to the Bugis MRT Interchange.
Coming on the heels of Midtown Bay is 99-year leasehold condo The Landmark, which saw a new record price of $2,894 psf from the sale of a 495 sq ft one-bedder at $1.4 million on Sept 3. This beats the previous record from the transaction of a 678 sq ft two-bedroom unit at $1.95 million or $2,879 psf in May.
Developed by Landmark JV, a consortium between ZACD Group, MCC Land, and SSLE Development, The Landmark is located along Chin Swee Road, which fronts Pearl’s Hill in District 3. The condo comprises a single 39-storey tower with 396 units.
During its launch in November 2020, the condo sold out 92% of 120 units released. As of Sept 21, The Landmark has sold 297 units which translates to a take-up rate of 75%. The condo is expected to be completed in 2025.
Freehold condo The Regency at Tiong Bahru ranked third in the list of condos that saw new psf-price highs during the period in review. This follows the sale of a 1,281 sq ft three-bedroom apartment for $3.1 million or $2,411 psf on Sept 7. The condo’s previous high came from the sale of a two-bedder for $2.2 million or $2,276 psf in March.
A 1,281 sq ft three-bedroom apartment at The Regency at Tiong Bahru was sold for $3.1 million or $2,411 psf on Sept 7, setting a new psf price high for the freehold condo.
The seller of the unit that changed hands on Sept 7 had purchased it in August 2009 for $1.4 million ($1,093 psf). This translates into a gain of $1.7 million.
Located at Chay Yan Street in Bukit Merah, The Regency at Tiong Bahru was developed by UOL Group and was completed in 2010. The condo has 158 units and is within walking distance of Tiong Bahru, Redhill and Queenstown MRT Stations.
No new psf-price lows were recorded during the period in review.
More at: https://www.edgeprop.sg/property-news/midtown-bay-clinches-new-high-4086-psf