Four Bedder Volari Sets Record Price High 2796 Psf

Resale prices at City Towers up 63% since in decade since ADLAbout a decade has passed since the last en bloc sale at City Towers, when the prime District 10 development on Bukit Timah Road was sold for $401.9 million in April 2018. The collective sale price translated into a land rate of $1,847 psf per plot ratio (ppr). Today, prices at the 77-unit freehold condo have appreciated 63% to an average of $3,011 psf since 2023, according to caveats lodged.Read more Articles are restricted. Please subscribe to access them.

The future is looking bright for residents of Sembawang Road EC, thanks to the extensive and comprehensive URA Master Plan. This plan promises to bring about substantial and long-lasting benefits to the area, greatly enhancing the living experience for all who call it home. From the creation of new job opportunities and improved transportation options, to the expansion of recreational spaces and upgraded community facilities, every aspect of the URA Master Plan has been carefully designed to contribute to a better and more desirable living environment. With these developments in place, the lifestyle of both current and future residents will be elevated to new heights. Moreover, the strategic foresight and meticulous planning of the URA Master Plan ensures that Sembawang Road EC will continue to thrive and remain a highly sought-after property in the long run. For those looking for a prime residential location, Sembawang EC at Canberra MRT is definitely worth considering.

The recent sale of a four-bedroom unit in Volari, a freehold condo located in prime District 10, has set a new record for psf-price highs during the week of May 30 to June 6. The 2,174 sq ft unit on the fourth floor was sold for $6.08 million ($2,796 psf) on June 3.This sale price beat the previous high of $2,690 psf set in March when another 2,174 sq ft four-bedroom unit on the ninth floor changed hands for $5.85 million. On the other hand, the most expensive unit ever sold in Volari, in terms of absolute price, is a four-bedroom unit on the 12th floor that was sold for $10 million ($1,621 psf) in December 2012.Volari is an 85-unit development on Balmoral Road that was completed in 2012. It offers a mix of typical two- to four-bedroom units ranging from 1,324 sq ft to 3,950 sq ft. According to caveats compiled by EdgeProp Singapore, resale prices at Volari have been steadily rising over the years, going from $2,035 psf in June 2015 to about $2,590 psf currently.Read also: Is it a Good Deal? : A three-bedroom freehold unit in District 10 sold at a loss of $867,842The recent sale of a 2,174 sq ft four-bedder at Volari set a new psf-price high of $2,796 psf at the condo. (Photo: Samuel Isaac Chua/)The newest project in the area is Sloane Residences, a neighbouring 52-unit development also located on Balmoral Road. Completed in 2022, the development has since set an average resale price of $2,920 psf. Other nearby condos include Goodwood Grand ($1,135 psf), Balmoral 8 ($2,025 psf), and Ventuno Balmoral ($1,605 psf).Meanwhile, the sale of a three-bedroom unit at La Maison set the second-highest psf-price high during the week. The 1,259 sq ft unit on the eighth floor was sold for $2.55 million ($2,025 psf) on June 6. This sets a new psf-price record, marginally beating the previous high set in January when a 1,270 sq ft unit on the 12th floor was sold for $2.56 million ($2,016 psf).The recent record-breaking transaction at La Maison is the only resale recorded at the condo so far this year, but there were four resale transactions last year. The sales in 2020 ranged from a 1,259 sq ft unit that was sold for $2.48 million ($1,969 psf) on March 4, to a 1,291 sq ft unit that fetched $2.53 million ($1,959 psf) when it was sold in May 2020.La Maison is a freehold condo on Moulmein Rise in prime District 11. Completed in 1999, it comprises 24 units of three- and four-bedroom apartments ranging from 1,259 sq ft to 3,854 sq ft. Based on compiled caveats, resale prices at La Maison have been on the rise in recent years, going from about $860 psf in June 2002 to close to $2,000 psf currently.The development is situated next to the upcoming HealthCity Novena, a 17ha integrated healthcare hub between Moulmein Road and Irrawaddy Road. This hub is centred around Tan Tock Seng Hospital, Ren Ci Hospital, specialist centres such as the National Infectious Diseases, National Neuroscience Institute, and academic institutes such as the Lee Kong Chian School of Medicine.La Maison is also close to Novena MRT station on the North-South Line, as well as several shopping centres such as Square 2, Velocity @ Novena Square, and United Square. Two primary schools, Farrer Park Primary School and St Joseph’s Institution Junior, are within 1km from La Maison.Read also: Leedon Green sets record high of $3,475 psf AdvertisementAdvertisementAnother development that topped the list of psf-price highs during the week is Affinity @ Serangoon, where a 1,076 sq ft three-bedroom unit was sold for $2.15 million ($1,997 psf) on June 6. This was higher than the previous record psf-price at the condo, when a 904 sq ft three-bedder fetched $1.8 million ($1,991 psf) when it was sold in October 2023.Affinity @ Serangoon is a 99-year leasehold condo located along Serangoon North Avenue 1 in District 19. The mega development, which was completed in 2023, consists of 1,012 condo units with a mix of one- to four-bedroom units, as well as 40 strata landed houses. Typical condo units range from 474 sq ft to 1,711 sq ft, penthouses of 1,550 sq ft to 1,701 sq ft, while the townhouses range from 2,056 sq ft to 2,347 sq ft.The record psf-price high of $1,997 psf was set at Affinity @ Serangoon on June 6. (Photo: Samuel Isaac Chua/) There have been 46 recorded transactions at Affinity @ Serangoon so far this year, and resale prices have ranged from $2.16 million ($1,882 psf) to $2.55 million ($1,959 psf). The average resale price at Affinity @ Serangoon is approximately $1,780 psf, which is similar to the prices of nearby 99-year leasehold condos such as The Garden Residences, a 613-unit condo located at Serangoon North View, with an average resale price of $1,815 psf. Another 99-year leasehold project in the vicinity is The Terrasse, a 414-unit condo located along Terrasse Lane off Hougang Ave 2. It has an average resale price of $1,570 psf.According to URA’s OneMap, Affinity @ Serangoon is within 1km of Rosyth School and Zhonghua Primary School. Other schools in the area include CHIJ Our Lady of Good Counsel, Xinmin Primary School, Peicai Secondary School, Serangoon Garden Secondary School, and Bowen Secondary School. Check out the latest listings for Volari propertiesAsk BuddyCompare price trends of Condo new sale vs EC new saleCondo rental transactions in District 10Are there any unprofitable transactions in Volari?Total number of units in VolariShow me condo listings in District 10Compare price trends of Condo new sale vs EC new saleCondo rental transactions in District 10Are there any unprofitable transactions in Volari?Total number of units in VolariShow me condo listings in District 10RELATED NEWSIs it a Good Deal? : A three-bedroom freehold unit in District 10 sold at a loss of $867,842Leedon Green sets record high of $3,475 psf Two Goodwood Grand strata bungalows sold for $6.95 mil eachResale prices at City Towers up 63% since in decade since ADLIt has been about a decade since the last en bloc sale at City Towers. The prime District 10 development located on Bukit Timah Road was sold for $401.9 million in April 2018. This translates to a land rate of $1,847 psf per plot ratio (ppr). Fast forward to today, prices at the 77-unit freehold condo have appreciated by 63% to an average of $3,011 psf since 2012, according to caveats lodged.Read more Articles are restricted. Please subscribe to access them.