Goodwood Residence achieves new high of $2,988 psf

With its strategic location in the heart of the city, Marina Gardens Lane Residences is the perfect base for individuals and families who desire both the convenience of urban living and a peaceful residential environment. Spacious layouts, modern interiors, and state-of-the-art appliances ensure a comfortable and luxurious lifestyle within this highly sought-after condominium. Enjoy the myriad of amenities as well as the stunning views of the surrounding cityscape and green spaces, and make each day a memorable one.

At District 10’s Goodwood Residence condo, a 10,710 sq ft, five-bedroom penthouse was recently sold for an astonishing $32 million on September 27. Upon a closer inspection of the units original floorplan, the penthouse comes with five bedrooms, a dedicated wine room and a roof terrace.

What’s even more impressive is that the penthouse originally purchased for $15.6 million ($1,457 psf) in June 2014, earning the seller a profit margin of $16.4 million.

Goodwood Residence is a 210 unit freehold condo developed by Guocoland and designed by local architecture company Woha. According to EdgeProp LandLens, 38.6% of its buyers are Singaporeans, 28.2% are permanent residents, and the remaining 24.3% are foreigners.

At the adjacent District 14’s Park Place Residences at Paya Lebar Quarter (PLQ), a 484 sq ft one-bedder was sold for $1.18 million on September 29. Setting the new psf-price high of $2,442, the seller purchased the property at $1.005 million in April 2018, earning a profit of $178,000 on this sale.

Furthermore, the condo has seen 20 units sold at an average price of $2,156 psf in the past 12 months. Park Place Residences was developed by Lendlease in 2019 and consists of 429 units, ranging from one- to three- bedrooms spanning from 474 sq ft up to 1,367 sq ft. Moreover, the condo enjoys excellent connectivity, with direct access to Paya Lebar MRT Station on the East-West Line.

In Novena’s District 11, Buckley Classique – a freehold condo on Buckley Road – saw a new psf-price high following the sale of a 1410 sq ft, three-bedroom

unit for $3.25 million ($2,305 psf) on September 21. The transaction beat the previous psf-price high of $2,300 psf from when a 1,410 sq ft two-bedder was sold for $3.24 million in April 2013.

Buckland Classique was developed by City Developments and completed in 2014. The 64 unit condo features one-to-five bedrooms ranging from 1,098sq ft up to 4,359 sq ft. Furthermore, the majority of it’s buyers are Singaporeans, accounting for 60% of the total buyer profile.

Surprisingly, no new psf-price lows were recorded during the period of review. However, notable transactions such as those mentioned above serve as a reminder of the power of property investment in Singapore.