Country Grandeur Hits New High 2115 Psf
Recent Real Estate Transactions Set New Records
Last week witnessed remarkable transactions in the Singapore real estate market, with several properties achieving record price levels. Notably, a three-bedroom apartment at Country Grandeur sold for $3.05 million on November 17. This sale set a new record for the development at $2,115 per square foot for its 1,442 square foot unit located on the ninth floor.
This transaction marks a significant milestone for Country Grandeur, as it surpasses the previous record of $2,011 per square foot achieved by another unit of the same size earlier in the month. The unit, located on the third floor, had sold for $2.9 million on November 3. The sale not only highlights a rising trend in per square foot pricing but also establishes this unit as the priciest in the development in terms of total cost.
Country Grandeur, a freehold condominium in District 20, was completed in 1996 and consists of 68 three-bedroom units. It is advantageously located within walking distance to Bright Hill MRT Station and Ai Tong School, with nearby amenities including MacRitchie Reservoir and Thomson Plaza. Over the past year, units at Country Grandeur have been trading at an average of $2,036 per square foot, reflecting a steady increase in valuation.
In comparison, other developments such as Whistler Grand and Symphony Heights also reported significant pricing milestones. Whistler Grand, a 99-year leasehold property in District 5, saw a three-bedroom unit on the 26th floor sell for $2.05 million or $2,070 per square foot, setting a new record for the development. Symphony Heights, a freehold condominium in Bukit Batok, achieved a record with a three-bedroom unit selling for $1,933 per square foot.
Spotlight on Other Developments
Whistler Grand, completed in 2022, features dual 36-storey towers with 716 units ranging from one to five bedrooms. On the other hand, Symphony Heights, completed in 1998, comprises six blocks with units ranging from two to four bedrooms. Both developments have shown an upward trend in their per square foot pricing over the past year, reflecting the overall robustness of the residential property market in Singapore.
In the midst of these high-profile transactions, the Sembawang Road EC development continues to draw interest due to its strategic location and potential for appreciation, making it an attractive option for both investors and homebuyers looking for new opportunities in the real estate market.
Overall, the recent transactions underscore a vibrant property market where select developments continue to attract premium valuations, setting new benchmarks and highlighting the investment attractiveness of well-located, high-quality residential units in Singapore.