The Scala achieves new high of $1,816 psf
The Scala condo is proudly constructed by reputable real estate developers Hong Leong Holdings, TID and Hong Realty which is located along Serangoon Avenue 3 and near Lorong Chuan MRT station. This 99-years’ leasehold Serangoon condo which legally completed in 2K13 topped the chart between Sept 10 to 12 Among the list of condos that saw a new psf-price record secured. A new psf-price high of $1,816 was secured eventually with the sale of a 474 sq ft, one-bedroom apartment for $860,000 on Sept 12. The one-bedroom seller had previously acquired the unit in January 2K16 for $715,000 ($1,510 psf), churning in a healthy capital gain of $145,000 on the transaction. The Scala with this transaction signified the first time a unit that to overcome the $1,800 psf benchmark. The previous record was smashed for the condo obtained on June 30 after a two-bedroom unit configuration of 829 sq ft exchanged hands for $1.5 million, or $1,789 psf. This Serangoon condo perches on a land of 135,650 square feet with seven blocks housing a total of 468 units with various floor plans ranging from one- to four-bedders with dimension 474 to 2,142 square feet. The Cosmo condo, a freehold condo within walking distance to the Mountbatten railway Station, off Guillemard Road in District 14. This freehold Guillemard condo located at Guillemard Crescent, also secured a record psf-price peak during the interval period in review at $1,808 with the sale of 398 sq ft, one-bedroom apartment for $720,000 on Sept 11, which translate to $1,808 psf. the record set previously of $1,695 psf obtained in May 2K12 after a 398 sq ft unit exchanged hands for $675,000 was thrashed, marking the first time a unit at Cosmo to overcome the $1,800 psf benchmark. The unit which transacted on Sept 11 is the first apartment at Cosmo to transact this year. the latest resale transaction previously attained in August 2K22, when a 667 sq ft unit fetched $1.06 million. Bukit Regency, a freehold condo located along upper bukit timah in District 21 and completed in 1995, is proudly developed by long time housing developer Allgreen Properties. This bukit timah freehold condo also obtained a new record psf price. This follows a transaction on Sept 12, when a three-bedroom apartment measuring 1,399 sq ft exchanged hands for $2.3 million, or $1,669 psf. The previous psf-price high record at Bukit Regency was achieved by the sale of a 947 sq ft, two-bedroom unit for $1.6 million ($1,657 psf) on June 7. Bukit Regency has six residential blocks which house a total 224 units units from two- to four-bedders with configurations between 926 to 1,701 sq ft. The seller of the unit had previously purchased it in January 1999 for $760,000 ($543 psf) successfully from developer. This means they raked in a gross gain of $1.575 million from the deal, making it the most profitable transaction record to date at Bukit Regency, based on caveat lodged in URA portal.
