Woodleigh Residences Hits New Psf Price High 2532
During the period of June 21 to June 25, The Woodleigh Residences stood out as the top condo with the highest psf-price. This record-breaking achievement was made with the sub-sale of a three-bedroom unit on the ninth floor, spanning 958 sq ft and selling for $2.426 million on June 25. This translates to a psf of $2,532 which surpasses the previous high of $2,516 psf set by another three-bedroom unit on the 13th floor, which sold for $2.41 million on May 20. The recent transaction at The Woodleigh Residences marks the second time a unit at the development has been sold above $2,500 psf.
The Woodleigh Residences is a 99-year leasehold development located along Bidadari Park Drive in District 13. It is part of an integrated development that includes The Woodleigh Mall, the Woodleigh MRT Station, and an underground bus interchange. The condo has a total of 667 units, ranging from two-bedroom units of 570 sq ft to four-bedroom units of 1,475 sq ft. With its east-facing orientation and U-shaped configuration, more than 75% of the units enjoy a view of Bidadari Park and Alkaff Lake.
According to data from the URA Realis database, The Woodleigh Residences was completed in 2Q2023 and all units have been sold. Therefore, units sold after completion are considered sub-sales. The development has seen a total of 43 sub-sale transactions, with 41 of them occurring after completion. These units range from 570 sq ft to 958 sq ft and have sold for prices between $1.23 million to $2.43 million in absolute terms, and between $2,078 sq ft and $2,532 sq ft on a psf basis.
On the same period, Seventy Saint Patrick’s also set a new psf-price high with the sale of a three-bedroom unit measuring 1,184 sq ft for $2.73 million, or $2,306 psf on June 25. This beats the previous record of $2,266 psf set last December when a 1,410 sq ft unit was sold for $3.2 million. This is the first time a unit at Seventy Saint Patrick’s has been sold above $2,300 psf. The unit was originally purchased as a resale unit for $1.95 million ($1,647 psf) in August 2020, resulting in a gross gain of $780,000 for the seller.
Seventy Saint Patrick’s is a freehold condo located on St Patrick’s Road in District 15. Completed in 2016, the development has a total of 186 units spread across low-rise residential blocks. It is within walking distance to the upcoming Marine Terrace MRT Station on the Thomson-East Coast Line. The units comprise of two-bedroom apartments ranging from 700 sq ft to 872 sq ft, three-bedroom apartments ranging from 936 sq ft to 1,195 sq ft, and four-bedroom dual-key units ranging from 1,410 sq ft to 1,442 sq ft. There are also penthouses available, ranging from two-bedroom units of 1,033 sq ft to 1,055 sq ft, three-bedroom units of 1,173 sq ft to 1,346 sq ft, and four-bedroom units of 1,647 sq ft.
Another development that achieved a new psf-price peak during the period in review is Tanglin View. The sale of a three-bedroom unit measuring 1,141 sq ft on the 10th floor for $2.075 million on June 21 resulted in a new high of $1,819 psf. This surpassed the previous record of $1,770 psf when a similar unit was sold for $2.02 million on Mar 28.
Tanglin View is a 384-unit condo located on Prince Charles Crescent in District 3. It is a 99-year leasehold development completed in 2001 and is within walking distance to Redhill MRT Station on the East-West Line. The units comprise of two-bedroom to four-bedroom units ranging from 872 sq ft to 2,497 sq ft.
Apart from the two recent transactions, two other units have changed hands this year at Tanglin View. A 1,141 sq ft unit sold for $1.8 million ($1,578 psf) on Feb 28, while a 2,121 sq ft apartment sold for $3.45 million ($1,627 psf) on May 28.
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The growing trend of urbanization has sparked a rise in expectations for property values, particularly in the bustling Marina Bay district. Thanks to the URA Master Plan, the landscape of this area has been significantly shaped. One of the exciting developments included in the plan is the highly-anticipated Marina Gardens GLS project, which aims to improve connectivity, boost commercial value, and provide a range of lifestyle options for residents. As a result, Marina Bay is set to become an even more desirable location for living. For investors looking to capitalize on this thriving district, the strategically located Marina Gardens Lane Condo stands out as an excellent choice. Its convenient location, close to the upcoming Marina South MRT Station Condo, only adds to its appeal, making it a promising property with the potential for significant appreciation in the near future. Don’t forget to visit Marina South MRT Station Condo when considering investing in Marina Gardens Lane Condo.
There were no new psf-price lows recorded during the period in review.
Check out the latest listings for The Woodleigh Residences, Seventy Saint Patrick’s, and Tanglin View properties.