Dual-key penthouse at North Park Residences selling for $1.6 mil

July 22, 2022



A dual-key penthouse unit at North Park Residences is on the market with a guide price of $1.6 million. The price for the 764 sq ft, two-bedroom unit translates to $2,094 psf on the floor area. An owner’s sale, the property will be put up for auction by Knight Frank on July 28.

Located along Yishun Central 1 in District 27, North Park Residences is a 99-year leasehold development that was completed in 2018. The condominium comprises twelve 13-storey residential blocks, and the unit mix varies from studios to five-bedroom units that range from 431 sq ft to 1,507 sq ft.

Typical of a dual-key unit, the property on sale features separate entrances for the en suite studio and the rest of the apartment. The one-bedroom portion of the unit comes with a kitchenette and a dining room which leads into the living room. The en suite master bedroom is connected to a balcony which is also linked to the living room. The unit features a 4.5m ceiling.



According to URA caveats, the most expensive penthouse unit at North Park Residences is a 1,507 sq ft, five-bedroom unit sold for $1.93 million ($1,281 psf) on July 22, 2020. This record was closely followed by the sale of a 1,270 sq ft, four-bedroom apartment that changed hands for $1.9 million ($1,496 psf) on May 3, 2021.

So far this year, only one 915 sq ft, two-bedroom penthouse unit was sold for $1.36 million ($1,486 psf) on June 24.

Based on rental data compiled by EdgeProp Singapore, rental units at North Park Residences have performed well for the past three years. In 1Q2019, the median rental at the condominium was $3.74 psf per month (pm), and as at 2Q2022, the median rent is $4.59 psf pm.



Read more at: https://www.edgeprop.sg/property-new...selling-16-mil