Sky Everton hits new psf price high of $3,406 psf

August 12, 2022

The sale of a six-bedroom penthouse at Sky Everton fetched a new psf price. The 2,228 sq ft unit was sold by developer SL Capital — a joint venture of Sustained Land, Ho Lee Group, Kwong Lee Land and Penjuru Capital — for $7.59 million on July 26, which works out to $3,406 psf.

Sky Everton is a freehold development located on Everton Road in District 2. The project consists of a 36-storey tower that will house 262 residences. Units comprise a mix of one- to four-bedroom apartments that range from 463 sq ft to 1,345 sq ft. There are also four penthouses — two five-bedders measuring 1,819 sq ft and two six-bedders measuring 2,228 sq ft.

The development was launched for sale in June 2019, with more than 40% of units sold during its launch weekend at an average price of around $2,500 psf. According to analysis on EdgeProp Singapore’s research tool, the project has seen relatively consistent sales and prices have gradually risen to an average of $2,865 psf in the last 12 months as of August.

Three of the four penthouses at Sky Everton were sold this year, including the 2,228 sq ft penthouse that was sold on July 29. The other 2,228 sq ft penthouse was sold on March 31 for $7.11 million ($3,189 psf), which was the highest transaction recorded for Sky Everton at the time. Meanwhile, one of the two 1,819 sq ft penthouses was sold on Jan 30 for $5.69 million ($3,127 psf). Sky Everton is within walking distance of the upcoming Cantonment MRT Station on the Circle Line and is slated for completion in 2023.

Another upcoming development, One Bernam, also saw a new psf price high after a one-bedroom unit measuring 452 sq ft on the 26th floor was sold by the developer for $1.37 million ($3,039 psf) on July 25.

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