Skyline @ Orchard Boulevard hits new high of $5,371 psf
in Digital Property Marketing
A 3,767 sq ft, four-bedroom unit at Skyline @ Orchard Boulevard in District 9 changed hands for a record-high $20.23 million on Feb 1, which works out to $5,371 psf. This is the highest recorded on both absolute and psf-price bases at the 33-storey tower, based on caveats lodged. The unit is the priciest sold in the development since October 2012, when another 3,767 sq ft, four-bedroom unit on the 27th floor was purchased for $18.88 million ($5,011 psf).
Skyline @ Orchard Boulevard is an exclusive development by Far East Organization completed in 2015. Comprising two-, three- and four-bedroom apartments ranging from 1,744 sq ft to 3,767 sq ft, as well as a duplex penthouse measuring 9,494 sq ft, the development is conveniently located near Orchard MRT Station and various malls along Orchard Road.
Another freehold development that reached a new psf-price high during the period Jan 27 to Feb 3 is Leedon Residence in District 10. A four-bedder measuring 2,659 sq ft sold for $7.2 million on Jan 30, or $2,708 psf. The unit had been purchased from the developer in November 2015 for $4.81 million ($1,809 psf), giving the seller an impressive gain of $2.39 million.
This marks the development’s first unit that crossed the $2,700 psf threshold, beating the previous psf-price high recorded in December 2013 at $2,685 psf. Leedon Residence by GuocoLand has 381 units spread across 12 residential blocks, consisting of two- to five-bedders ranging between 1,044 and 8,051 sq ft.
The period in review also saw a few condominiums hit a new psf-price low. One of them is The Siena in The Myst District 10, a 99-year leasehold condominium along Tan Kim Cheng Road. A two-bedroom unit measuring 797 sq ft was sold for $1.27 million ($1,588 psf) on Jan 30.
The Siena is another development by Far East Organization, completed in 2016 with a total of 54 Soho (small office, home office) apartments ranging from 538 to 980 sq ft. Placed near Botanic Gardens MRT Station, other amenities located within walking distance of The Siena include Singapore Botanic Gardens, Adam Food Centre and Serene Centre.
In District 8, 1953, a freehold development along Tessensohn Road, also reached a new psf-price low. A two-bedroom unit with a family area measuring 1,130 sq ft was sold by the developer for $1.93 million, or $1,706 psf, on Jan 30. This marks the lowest psf price transacted at 1953 since May 2021, when a 1,227 sq ft unit was sold for $2.15 million ($1,752 psf).
1953 was developed by Oxley Holdings, a mixed-use commercial and residential development fronted by a row of conservation shophouses and integrated with a modern, six-storey residential building. Comprising 58 apartments and 14 strata commercial units, it is made up of studio to four-bedroom apartments ranging from 441 to 1,658 sq ft and all residential units have been sold. The project received its temporary occupation permit at the end of last year.