Midtown Bay breaks record at $4,190 psf with Marina Gardens Residences launch

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Midtown Bay, Residences @ Evelyn, Leedon Green, psf priceMarina Gardens Residences Midtown Bay has topped the list of condos that hit a new psf-price high from Jan 12 to 20. This follows the developer sale of a one-bedroom unit on the 22nd floor measuring 484 sq ft for $2.028 million on Jan 19. The price works out to $4,190 psf, marking a new high for the 99-year leasehold apartment located on Beach Road in District 7.Midtown Bay is part of the Guoco Midtown integrated development in the Beach Road and Bugis area. This 219-unit condominium is one of two residential projects within the development, the other being Midtown Modern, a 588-unit complex situated on Tan Quee Lan Street. Guoco Midtown features residential spaces, a 30-storey Grade A office tower, a business and lifestyle hub and retail spaces. It is connected to the Bugis MRT Interchange Station, serving both the Downtown and EastWest Lines.Construction of the mixed-use development is progressing in phases, with the completion of the office tower, network hub and retail podium in the last year. The residential developments are expected to be finished by the middle of the year.The new psf-price at Midtown Bay follows the sale of a 484 sq ft unit for $2.028 million on Jan 19.Midtown Bay comprises a single tower consisting of one-bedroom apartments from 409 sq ft, two-bedders from 723 sq ft, two-bedroom duplex units from 990 sq ft and three-bedroom duplexes of 1,324 sq ft. The development was launched for sale in October 2019. Caveats lodged as of Jan 30 show that 129 (59%) units have been taken up at an average price of $3,068 psf.Leedon Green also hit a new psf-price high during the period in review. The condo received its temporary occupation permit at the end of last year. 633 or 99% of units at Leedon Green have been sold since its launch in January 2020, with units transacted at an average price of $2,753 psf.Residences @ Evelyn also broke a new record, with a three-bedroom unit selling for $3.76 million or $2,441 psf – the first time a unit at the development sold for above $2,400 psf.The condo is an eight-minute walk to the Newton MRT Station, an interchange between the Downtown and North-South Lines. Residences @ Evelyn is a freehold condo completed in 2007 and comprises of two 33-storey towers. It offers a mix of two-bedders at sizes between 1,033 sq ft and 1,141 sq ft, three-bedroom units ranging from 1,528 sq ft to 1,539 sq ft, and four-bedders at 2,250 sq ft. There are also penthouses available, ranging from 2,067 sq ft to 3,466 sq ft. Additionally, Leedon Green on Leedon Heights in prime District 10 offers a diverse range of unit options. This includes one-bedroom apartments at 474 sq ft, one-bedroom-plus-study units at 538 sq ft, two-bedroom units at 614 sq ft, two-bedroom-plus-study units at 818 sq ft, three-bedroom units at 958 sq ft, four-bedders at 1,496 sq ft, and duplex garden villas at 2,400 sq ft. The condo features 638 units across seven blocks, all of which offer spacious living and modern facilities. The condo received its temporary occupation permit at the end of last year, and is now moving into the final phases of construction. Surprisingly, this development, which is situated in the heart of Singapore’s bustling urban area, offers a serene environment for its residents. Additionally, Leedon Green is also within walking distance of the Farrer Road MRT Station on the Circle Line. This makes it an ideal choice not only for its luxurious living, but for its easy access to transportation as well, making it a perfect choice for families and professionals alike. Meanwhile, Residences @ Evelyn, located on Evelyn Road, offers luxurious living in District 11. The freehold condominium features two 33-storey towers, with units available in a mix of two-bedrooms, three-bedrooms, and four-bedrooms. The condo is also within walking distance of the Newton MRT Station, which serves as an interchange between the Downtown and North-South Lines. This allows for easy and efficient travel to other parts of Singapore. In addition, the tech-savvy residents of Residences @ Evelyn will appreciate the free wireless connection available throughout the development. Overall, with its prime location and luxurious living, this condo is highly sought after as demonstrated by its high transaction prices. On Jan 19, a unit on the 22nd floor of Midtown Bay, measuring 484 sq ft, was sold for $2.028 million, marking a new record for psf-price at $4,190. Midtown Bay is part of the Guoco Midtown integrated development, which also includes residential spaces, a 30-storey Grade A office tower, a business and lifestyle hub, and retail spaces. With a strategic location in Beach Road and Bugis area, this condo allows for convenient access to major transportation hubs, such as the Bugis MRT Interchange Station that serves both the Downtown and EastWest Lines. The full completion of the mixed-use development is expected by the middle of the year, with the residential developments being the last to finish. Additionally, the 219-unit Midtown Bay also offers a wide range of living options, including one-bedroom apartments, two-bedders, two-bedroom duplex units, and three-bedroom duplexes. The condo was launched for sale in October 2019, and has already seen 129 units (59%) being taken up at an average price of $3,068 psf. Surrounding the Beach Road and Bugis area is the vibrant and bustling city life that is unique to Singapore. With a wide range of shopping, dining, and recreational options, residents of Midtown Bay will enjoy the convenience and excitement of urban living. Meanwhile, Leedon Green, located on Leedon Heights in prime District 10, is another sought after condo that offers a luxurious living experience. Completed in 2007, the freehold condo features 638 units spread across seven blocks. Residents can choose from a variety of unit sizes, including one-bedroom apartments, one-bedroom-plus-study units, two-bedroom units, two-bedroom-plus-study units, three-bedroom units, four-bedders, and duplex garden villas. The condo also features modern facilities and spacious living areas for its residents to enjoy. With its prime location, Leedon Green provides easy access to major transportation hubs. In fact, it is within walking distance of the Farrer Road MRT Station on the Circle Line, making it an ideal choice for those who need efficient transportation for work or leisure. The condo received its temporary occupation permit at the end of last year, and has since sold 99% of its units since its launch in January 2020. The average price for these units stands at $2,753 psf, a testament to the high demand for this luxurious development. Another condo that has seen high transaction prices is Residences @ Evelyn, located on Evelyn Road in District 11. On Jan 12, a three-bedroom unit measuring 1,356 sq ft was sold for $4.71 million, setting a new record for psf-price at $3,471. This beats the previous high of $3,467 psf set in March last year. The freehold condo features two 33-storey towers with a total of 208 units. The units are available in a mix of two-bedders, three-bedrooms, and four-bedrooms, with penthouses also available. Additionally, the condo is within walking distance of the Newton MRT Station, an interchange between the Downtown and North-South Lines. This makes for easy and convenient travel to other parts of Singapore. Overall, all three condos have proven to be highly sought after, with high transaction prices seen in their recent sales. Midtown Bay, Leedon Green, and Residences @ Evelyn offer convenience, luxury, and modern living in Singapore’s busy urban landscape. With their prime locations and exclusive facilities, these condos redefine the standard for luxury living.