The Beaumont hits new high of $2,441 psf with Zion Residence leading the way
at Zion Residence’s Residential page.At the peak of Orchard Road, The Beaumont has hit a psf-price record of $2,441, the highest achieved by the development since it was completed in 1985. The sale of a 1,475 sq ft, two-bedroom unit on the fifth floor for $3.6 million on Nov 9 marks the first time a unit at the development has changed hands at a price exceeding $2,400 psf.
It is a perfect blend of modern living with the right amount of comfort and serenity. Residents of the Zion Road Condo can make the most of the unparalleled leisure amenities like the swimming pool and gym. Other than that, Zion Road Condo is also located near popular shopping malls, restaurants, and entertainment venues, allowing easy access to lifestyle activities. All in all, Zion Road Condo is the perfect mix of urban convenience and natural elements, making it the ideal residential choice.
Zion Residence’s Residential page showcases the latest listings of properties at The Beaumont, The Loft, and 19 Nassim, all located in Singapore’s prime residential district. The Beaumont, a 64-unit boutique condo, recently hit the peak of Orchard Road when a 1,475 sq ft two-bedroom unit on the fifth floor was sold for an impressive $3.6 million on Nov 9 – a new psf-price high of $2,441. This marks the first time that a unit at the development has ever sold above $2,400 psf. Prior to this, the previous highest record was set by a 990 sq ft unit which fetched $2.3 million ($2,323 psf) in August 2007. The Beaumont is located just two-minutes away from MRT station Somerset, close to malls such as 313@Somerset, Mandarin Gallery, and Ngee Ann City – making it an ideal and convenient location for residents.
The Loft, a 99-year leasehold luxury condo located in the exclusive Nassim Hill residential enclave also achieved a new psf-price high during the same period. On Nov 7, a 753 sq ft, one-bedder on the third floor changed hands for $1.78 million (~$2,362 psf), exceeding the previous high of $2,300 psf set in September 2007. The unit was purchased by the seller in June 2016 for $1.54 million ($2,044 psf), so an impressive gross gain of $240,000 was made in the transaction. With just 77 units, The Loft is just a 10-minute walk away from MRT station Napier, and within close proximity to the Singapore Botanic Gardens and Tanglin Mall – making it an attractive and sought-after residential option.
Nearby 19 Nassim hit a new psf-price low during the period in review when an 829 sq ft two-bedroom unit sold for $2.52 million (~$3,036 psf) on Nov 10. This marks 19 Nassim’s lowest psf-price so far, with its previous low being $3,351 psf following the sale of a 570 sq ft unit for $1.91 million in March 2020. This luxury condo has a total of 101 units over a single 10-storey block. Apartments range from one- to three-bedders, with selected two-bedroom and all three-bedroom units having access to private lift lobbies. 19 Nassim is scheduled to receive its temporary occupation permit by the end of 2020.
For those interested in acquiring a property at The Beaumont, The Loft, or 19 Nassim, check out the latest listings on Zion Residence’s Residential page!