1953, a freehold mixed-use development by Oxley Holdings, hit a psf-price low of $1,706 on Jan 30 when a developer-owned 1,130 sq ft unit was sold for $1.93 million. The transaction marks the lowest psf price transacted at 1953 since May 2021.

Skyline @ Orchard Boulevard, a freehold luxury development in District 9, claimed the top spot for condominiums that hit a new psf-price high during the period Jan 27 to Feb 3. A 3,767 sq ft, four-bedroom unit on the 31st floor sold for a record amount of $20.23 million ($5,371 psf). This beats the previous high – another four-bedder from the developer, which was transacted for $18.88 million ($5,011 psf) in October 2012.

Far East Organization built Skyline @ Orchard Boulevard in 2015, comprising of 40 residential units ranging from two- to four-bedders. Its strategic location close to Orchard Road, as well as the nearby Orchard MRT Station, Wisma Atria and Ion Orchard mall, adds to its appeal.

Leedon Residence, a freehold development by GuocoLand in District 10, also hit a new psf-price high during the period in review. A four-bedder unit measuring 2,659 sq ft on the ninth floor sold for $7.2 million, or $2,708 psf, on Jan 30 – the first time a unit at Leedon Residence passed the $2,700 psf threshold. In comparison, the same unit had been purchased from the developer for $4.81 million ($1,809 psf) in November 2015, meaning the seller reaped a gain of $2.39 million.

Other noteworthy sales during the period include the lowest psf-price highs JCube Residence achieved at The Siena in District 10, and 1953 in District 8. A two-bedder measuring 797 sq ft at The Siena changed hands for $1.27 million ($1,588 psf), while a 1,130 sq ft unit at 1953 was sold by the developer for $1.93 million ($1,706 psf).

The Siena, a 99-year leasehold condominium by Far East Organization, was completed in 2016 with 54 Soho units from 538 to 980 sq ft. Meanwhile, 1953 is a freehold mixed-usage commercial and residential development by Oxley Holdings. Boasting 58 apartments and 14 strata commercial units, it offers a mix of studio to four-bedroom units from 441 to 1,658 sq ft. The project received its temporary occupation permit at the end of 2020.

It is clear that Singapore’s property market is constantly changing. Investors and homebuyers should continue to monitor the market and make informed decisions on their purchase.