Pullman Residences Newton topped the list after a one-bedroom penthouse property was sold on May 29

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The number of condos that hit new highs in psf between May 23-June 2 Pullman Residences Newton made the top list after its sale of a single-bedroom penthouse apartment in May 29. The apartment of 463 square feet was offered to developer developer at $1.7 million, or $3,671 per square foot. This is more than the previous record of $3,515 per square foot recorded on the 13th of April, when an apartment of 667 square feet was sold for $2.34 million. This is not the first time that a sale at the condo exceeded the $3,600 threshold for psf.

Pullman Residences Newton is a freehold development situated on Dunearn Road in prime District 11. It is comprised of 334 units. It is a project of EL Development, it is located only 150m of Newton MRT Station. The apartment block of 30 stories will offer hospitality services by Pullman Hotels and Resorts, which include concierge services as well as a doorman, and an attendant in the lounge of the club.

The project offers a variety of one-to four-bedroom apartments that span from 463 sq ft up to 1,389 square feet. Since its debut in November the developer have sold 296 units (87%), based on caveats that were lodged with URA on June 13. The project is expected to reach completion in the second quarter of this year.

Grange Residences is another project that has surpassed a record psf record following the sale of a four-bedder that was 2,669 square feet at the top of its eighth floor was sold for $8.88 million or $3,327 per sq ft at the end of May. It was sold two months after the prior record of $3,321 per square foot which was derived from selling a 2583 sq. ft property at $8.58 million in March. The transaction also marks a new level in terms of the total value of transactions at the condo, surpassing prior records that was $8.7 million ($3,050 per square foot) for an area of 2,852 square feet which was sold in the month of July 2021.

Grange Residences is a freehold development that is located at the intersection of Grange Road and Tanglin Road in District 10. It was designed by the previous Wheelock Properties (now Wharf Estates Singapore) and completed in 2004. The condominium consists of three residential blocks, each of which is 18 stories high, and houses an average in 164 homes. These have four bedrooms in all that range from 2,486 sq ft to 2,852 square feet.

On the other side on the scale, Park Nova saw a lower psf-price for the time under review. On the 24th of May the 1,432 square foot unit located on 7th floor purchased to Park Nova’s developer to a buyer for $6.19 million or $4,324 per square foot. The sale of the two-bedroom-plus-study unit marks the lowest transaction at the development on both an absolute price as well as price psf basis. The previous low occurred in February, following the sale of another two-bedroom-plus-study unit measuring 1,432 sq ft for $6.26 million ($4,371 psf).

Park Nova is a luxury condo with 54 units owned by Hong Kong listed developer Shun Tak Holdings. It is located at the intersection between Orchard Boulevard and Tomlinson Road in District 10’s most sought-after area It is close to malls like Tanglin Mall and luxury hotels like St Regis Singapore and Conrad Singapore Orchard. The units are comprised of two- to four-bedroom homes that span between 1,432 square feet and 2,906 square feet. There are three penthouses with five bedrooms which range from 3,229 to 5,899 square feet.

Based on caveats filed on caveats lodged, Based on caveats lodged, 48 (89%) of units in Park Nova have been sold at an average cost of $4,892 per square foot after the development was launched in May 2021. In the beginning, the development was the subject of a lot of attention when five units were snapped by buyers after the development was made available for sale on May 7 2021. Two of them were duplex penthouses. The biggest penthouse, which was 5,899 square feet was sold for $34.44 million ($5,838 per square foot) that was a record-breaking price for this area. Orchard Boulevard area and remains the most expensive transaction in the development. The second penthouse, which was 4,499 square feet, was went at $26 million ($5,784 per square foot).

Park Nova is slated to be completed in 2024.