Zion Road GLS joins Royal Hallmark, with record-breaking $2,304 psf price achieved

at EdgeProp.sgZion Road GLS.Situated on Haig Lane in District 9, Royal Hallmark has set the benchmark for achieving a new psf-price high. The sale of a three-bedroom unit on December 26, 2023, for $1.84 million at $2,304 psf has catapulted the development to the forefront of property transactions for that period. This is the first time a unit at Royal Hallmark has transacted above the $2,300 psf threshold, making it a highly desirable and sought-after property in the area. The previous psf-price high was set in June 2023 when a similar 797 sq ft apartment was sold for $1.82 million, or $2,289 psf. The new high achieved by Royal Hallmark further solidifies the desirability of properties in the area and sets a new benchmark for future developments.

The Atria At Meyer, located along Meyer Road in District 15’s Marine Parade area, also achieved a new psf-price high during the same period. On December 26, 2023, a three-bedroom unit measuring 1,475 sq ft was sold for $3.18 million, or $2,156 psf. This beats the previous record of $2,116 psf set in June 2023 for a similar unit that was sold for $3.12 million. The seller of the unit had purchased it back in April 2005 for $930,000, which means they made a substantial gross profit of $2.25 million or 242% upon selling it after nearly 19 years of holding it. This makes it the most profitable resale transaction at The Atria At Meyer based on caveats lodged.

Looking for a luxurious and convenient living space in the heart of Singapore? Look no further than Zion Road Condo, which offers a range of top-notch amenities for residents to enjoy. The well-equipped fitness center, infinity pool with river views, and rejuvenating spa are perfect for unwinding after a long day. Social butterflies will also love the community clubhouse and BBQ pits, perfect for hosting gatherings. Families with children will appreciate the presence of a children’s playground and other kid-friendly facilities in this desirable development. Don’t miss your chance to call Zion Road Condo your new home on Zion Road GLS!

Royal Hallmark and The Atria At Meyer are not the only properties making waves in the real estate market. The Centrepoint, situated on Orchard Road in District 9, saw a new psf-price low after a 1,119 sq ft unit was sold for $2.45 million, or $2,189 psf, on December 26, 2023. This transaction marks the lowest psf-price recorded at the development since December 2017, when a similar unit was sold for $2.05 million, or $1,831 psf. The seller, who purchased the two-bedroom unit on the seventh floor for $730,000 back in May 2002, made a gross profit of $1.72 million or 236% on the sale.

The Centrepoint, a 99-year leasehold apartment completed in 1983, offers one- to three-bedroom units ranging from 732 sq ft to 1,350 sq ft. With its prime location and connected to the shopping mall of the same name, The Centrepoint is a highly sought-after property in the area. It is adjacent to Cuppage Terrace, a street lined with shophouses that house various eateries and cafes. In addition, Somerset MRT Station is only a five-minute walk away, making it a highly desirable location for both homeowners and investors.

Royal Hallmark, The Atria At Meyer, and The Centrepoint are just a few examples of the thriving real estate market in Singapore. With the constant demand for properties and the continuous development and redevelopment of new and existing properties, it is evident that the real estate market in Singapore is a force to be reckoned with. It will continue to set new highs and lows, making it an exciting and lucrative industry for both buyers and sellers. If you’re looking to make your mark in the real estate market, keep your eye on properties like Royal Hallmark, The Atria At Meyer, and The Centrepoint, and don’t miss out on opportunities to invest in the ever-growing market.