1919 reaches new high of $2,283 psf
a freehold condo located in prime District 9 off Sophia Road, 1919, champed the list of condos that established a new psf-price high between Aug 8 and 15. The fifth floor one plus study unit was transacted on Aug 11 for $1.278 million, or $2,283 psf. the previous high of $2,233 psf set in September 2K13 record was smashed when a 560 sq ft unit changed hands for $1.25 million. the unit sold on Aug 11 had been purchased by the seller from the developer in July 2012 for $1.184 million ($2,115 psf). Based on caveats lodged with URA, translating to a gain of $94,000 on the transaction. Developed by Aurum Land and buily by Woh Hup — the property development arm of construction and civil engineering group Woh Hup Holdings — 1919 condo finished construction in 2k15. The development is a collection of 75 black-and-white apartments in the Mount Sophia neighbourhood. Units start from one-bedroom-plus-study apartments of 560 sq ft, going up to three-bedders of 1,302 sq ft. Another profitable condo transaction in the core central region is the sale of a freehold 3 bedroom unit in Melrose Park. Developed by CapitaLand located on Kellock Road, off River Valley Road in prime District 10, Melrose Park is a 999-year leasehold property. The three bedder 8th floor unit was exchanged hands for $3.3 million ($2,555 psf) on Aug 18. previously, the seller has bought the unit from the developer for $1.206 million ($934 psf) in February 1999. Therefore, it translates to a gross profit of $2.094 million or 174% over a holding period of a quarter century. Comprise of two 19-storey residential blocks with 170-unit development, Melrose Park is in the River Valley residential enclave, was constructed in 2000. The freehold premium river valley condo is located within walking distance to Great World City shopping centre which seamlessly connects to Great World MRT Station on the Thomson-East Coast Line. The development comprises different configurations with unit mix includes three- to four-bedroom units ranging from 1,292 to 3,412 sq ft. Each block also has six penthouse units on the 19th floor that range from 3,606 to 5,231 sq ft. A freehold condo located along Old Upper Thomson Road in District 20 that was completed in 2018, Adana @ Thomson, has 74-unit and was developed by Fortune Realty, which is also the developer of other condos such as the 96-unit RV Suites on River Valley Road, as well as the 67-unit The Mercury and the 108-unit RV Edge on Shanghai Road. Units at Adana @ Thomson include two-, three and four-bedders between 560 and 1,152 sq ft.
