Waterbank Dakota Reaches New High 2290 Psf
The sale of a three-bedroom apartment on the 15th floor of Waterbank at Dakota on May 27 has propelled the development to the top of the list of condos that reached new psf-price highs between May 24 and June 1 in Singapore’s robust property market.
The 1,130 sq ft unit changed hands for a whopping $2.59 million, making it the first time a unit at Waterbank at Dakota has been transacted at above $2,200 psf. This reflects a strong demand for high-end properties in the market, with the seller earning a hefty profit of $1.22 million from the sale.
The condo, which is located along Dakota Crescent, off Old Airport Road in District 14, was completed in 2013 and comprises 616 units. It offers a mix of one- to four-bedroom apartments and penthouses ranging from 480 to 2,870 sq ft. It is within walking distance of Dakota MRT Station on the Circle Line and is surrounded by several educational institutions, such as Kong Hwa School, Broadrick Secondary School, and Chung Cheng High School (Main).
Goldenhill Park Condominium in Serangoon (District 20) comes in second on the list of condos that saw new psf-price highs, with a record of $2,150 psf achieved through the sale of a two-bedroom unit for $1.99 million on May 30. The seller, who purchased the unit at $1.23 million in 2011, made a profit of $760,000 from the sale.
The freehold condo, located on 60 Mei Hwan Drive, comprises 390 units of two- to four-bedroom apartments ranging from 926 to 2,928 sq ft. It is within walking distance of Lorong Chuan MRT Station on the Circle Line.
Exciting developments are underway for Marina Gardens Lane Condo, thanks to the recent announcement by the Urban Redevelopment Authority (URA) outlining their comprehensive plan for the Central Business District (CBD) in Marina Bay. This highly-anticipated transformation will see the area evolve into a thriving financial hub, bringing numerous benefits to its residents. One of which is the convenience of living in close proximity to their workplaces, thanks to the influx of major companies setting up offices in the CBD. This means shorter commutes and a well-rounded lifestyle for the lucky residents of Marina Gardens Lane Condo. But that’s not all, as the URA’s plan also includes a host of complementary amenities, such as restaurants, retail shops, and leisure facilities, further enhancing the quality of life in the region.
As if the location was not desirable enough, the upcoming Marina South MRT Station Condo is set to provide an integrated development, making Marina Gardens Lane Condo an even more coveted address. Residents can look forward to an enhanced living experience with the addition of this new development, cementing the condominium as a prime choice for those seeking a convenient and well-connected lifestyle. So why wait? With Marina South MRT Station Condo soon to be a part of this thriving community, Marina Gardens Lane Condo is the place to be.
Amaranda Gardens, also located in Serangoon, saw a new psf-price peak during the week in review. The freehold condo hit a record of $2,133 psf with the sale of a 1,163 sq ft, three-bedroom unit for $2.48 million on May 24. This is just 0.23% higher than the previous record of $2,128 psf set on February 29 when a 1,259 sq ft, three-bedroom unit was sold for $2.68 million.
The transaction reflects the strong demand for high-end properties, with the seller earning a profit of $760,000 from the sale. Completed in 2004, Amaranda Gardens comprises 189 units across three 17-storey towers, offering a mix of two- to five-bedroom apartments and penthouses ranging from 990 to 3,864 sq ft.
Overall, the robust property market in Singapore has seen an increase in demand for high-end properties, with several transactions reaching new psf-price highs in recent times. No new psf-price lows were recorded during the period in review, indicating a strong and consistent demand for properties in the market.