The Atelier marks new psf-price low of $2,494

March 17, 2023



According to developer sales data, The Atelier has moved about 37 units to date, which translates to a take-up rate of about 31%.

The transaction of a 1,281 sq ft, three-bedroom unit at The Atelier for $3.2 million, or $2,494 psf, on March 5 set a new low in terms of psf price for the project. This is based on transactions between Feb 24 and March 3.

The previous record psf-price low at The Atelier was for another 1,281 sq ft unit that was sold by the developer for $3.22 million ($2,512 psf) on March 1.

The Atelier is an upcoming 120-unit freehold development on Makeway Avenue in the Newton area, in prime District 9. It is adjacent to another upcoming project, the 378-unit Kopar at Newton, also on Makeway Avenue, which is a 99-year leasehold project.

The developments are close to Newton MRT Interchange Station on the North-South and Downtown Lines. They are also connected to major roads such as Bukit Timah Road, Dunearn Road, Scotts Road and Newton Road. The Novena and Orchard Road areas are also nearby.

The Atelier was launched for sale in March 2021. The 22-storey condo comprises a mix of one- to four-bedroom units that range from 549 to 1,496 sq ft.

According to developer sales data, The Atelier has moved about 37 units to date, which translates to a take-up rate of about 31%. The apartment that achieved the highest psf price was an 883 sq ft, two-bedroom unit on the 20th floor that was transacted for $3,040 psf, or $2.68 million, in March last year.

A tabulation of sales data by EdgeProp Singapore shows that The Atelier commands an average price of $2,693 psf.

On the other hand, the sale of a 4,284 sq ft, four-bedroom unit at Nassim Park Residences for $20.5 million, or $4,785 psf, on Feb 27 ranks as the highest psf-price in the project to date, and also for condo transactions from Feb 24 to March 3.

The previous psf record at Nassim Park Residences was for a 3,466 sq ft, four-bedroom unit sold by the developer for $14.28 million ($4,120 psf) in July 2010.

More at: https://www.edgeprop.sg/property-new...price-low-2494