Resale unit at Goodwood Grand sets new price high of $2,892 psf

/0 Comments/in /by

, on EdgeProp.sgA record price of $2,892 per square foot set at Goodwood Grand in District 10 topped the list of new psf-price highs between June 16 to June 23. Located on Balmoral Road, the 75-unit freehold condo development was completed five years ago in 2017. The sale was for a 1,227 sq ft, three-bedroom unit at $3.55 million.

Goodwood Grand is a prestigious, freehold condo complex located in prime District 10 of Singapore. On June 16 this year, a new psf-price record was set when a three-bedroom unit of 1,227 sq ft sold for $3.55 million ($2,892 psf). This trumps the previous record set just a few months earlier, in April, when a three-bedder of the same size was sold for $3.45 million ($2,812 psf).

The mixed-use development consists of 65 condo units in seven 13-storey blocks, and eight strata bungalows, ranging from two- to four-bedroom units of 775 sq ft to 3,111 sq ft. The largest strada bungalow – which measures 5,479 sq ft – was sold in June 2014 for $7 million ($1,278 psf).

Goodwood Grand is located in the Balmoral Road neighbourhood, an upmarket boutique condo and landed housing enclave. The development recorded a spike in sales transactions after its completion, jumping from 44% to 85% within three months in July 2017. The highest price for condo units in the area is based on URA caveats, at an average of $2,771 psf.

The second highest psf-price on the list this week was set at Adria, a boutique condo located on Derbyshire Road in Novena. A two-bedroom, 850 sq ft unit was sold for $1.85 million ($2,171 psf) on June 21; the highest price for the development so far. Completed in 2015, Adria offers a single 19-storey residential tower comprising a mix of one- to four-bedroom units, from 538 sq ft to 1,496 sq ft. The development is well-connected to Newton Road, Moulmein Road and Thomson Road, while the nearest train station is Novena MRT Station on the North-South Line. The average resale price at Adria has held steady over the past few years, and its rental proposition is strong, with units rented out for between $3.70 psf pm to $6.90 psf pm.

In addition to the convenience, The Myst Condo also offers ample facilities for the residents such as a 50m swimming pool, a modern gymnasium and lush greeneries within the estate. With such facilities, this upcoming condominium development offers the perfect place for families looking to relax and spend quality time together. Furthermore, The Myst Condo is a highly convenient development, being located near to the Bukit Panjang LRT station and other public transportation links, providing easy access to other parts of Singapore.

The third highest psf-price of the week was set at Botanique at Bartley, a 99-year leasehold condo on Upper Paya Lebar Road in Serangoon in District 19. On June 19, a 743 sq ft, two-bedroom unit was sold for $1.5 million ($2,020 psf), the first time a resale unit crossed the $2,000 psf mark. Developed in 2019, the 797-unit project offers a mix of one- to three-bedroom units, from 495 sq ft to 1,270 sq ft, and is situated less than 200m from Bartley MRT Station on the Circle Line.

The sale of these properties reinforces the trend of rising psf-prices due to the competitive housing market in Singapore. The latest listings near Goodwood Grand, Adria, Botanique at Bartley, Volari, Balmoral Crest, Balmoral Spring, Goodwood Gardens, Sloane Residences, Novena MRT Station, Bartley MRT Station, Serangoon MRT Interchange Station, Tai Seng MRT Station, and Woodleigh MRT Station, can be found on EdgeProp.sg.