Goodwood Residence achieves new high of $2,988 psf

Goodwood Residence, a freehold condo located along Bukit Timah Road, topped the list of condos that achieved new psf-price highs between Sept 19 and Oct 3. The condo recorded the sale of a 10,710 sq ft, five-bedroom penthouse for $32 million ($2,972 psf) on Sept 27.

The seller of the property, who was the first owner, had purchased it in June 2014 for $15.6 million ($1,457 psf), resulting in a massive profit of $16.4 million on the sale. According to EdgeProp Research, the penthouse comes with five bedrooms, a dedicated wine room, and a roof terrace.

This is not the only transaction that the condo has seen this year. Prior to this, a 2497 sq ft two-bedder was sold for $7.15 million in June. The Sept 27 transaction also beats the condo’s previous high of $2,940 psf, when a four-bedder changed hands for $7.5 million in November 2017.

Goodwood Residence was developed by Guocoland and completed in 2013. The condo consists of 210 units, designed by local architecture company Woha. According to EdgeProp LandLens, 38.6% of its buyers are Singaporeans, while 28.2% consists of permanent residents, and the remaining 24.3% are foreigners.

The second-highest psf-price high was recorded at the Park Place Residences at Paya Lebar Quarter (PLQ). On Sept 29, a 484 sq ft one-bedder was sold for $1.18 million ($2,442 psf). The seller had purchased the unit in April 2018 for $1.005 million, resulting in a profit of $178,000 on the sale. This beats the previous high of $2,427 psf recorded with the sale of a 667 sq ft two-bedder at $1.62 million in July last year.

Developed by Lendlease, Park Place Residences are 99-year leasehold and were completed in 2019. It consists of 429 units, including one- to three-bedrooms between 474 and 1,367 sq ft. The condo is part of PLQ, a development that includes a shopping mall and three towers with almost one million sq ft of Grade-A office space. It is connected directly to Paya Lebar MRT Station on the East-West Line.

Buckley Classique, a freehold condo on Buckley Road in Novena, also achieved a new psf-price high with the sale of a 1410 sq ft, three-bedroom unit for $3.25 million ($2,305 psf) on Sept 21. The previous psf-price high came from the sale of a 1,410 sq ft two-bedder at $3.24 million ($2,300 psf) in April 2013.

The condo was developed by City Developments and completed in 2014 and comprises 64 units occupying between 1,098 and 4,359 sq ft. The majority of its buyers are Singaporeans (60%)

No new psf-price lows were recorded during the period in review.
Goodwood Residence, a freehold condo located along Bukit Timah Road, District 10, topped the list of condos that saw new psf-price highs between Sept 19 and Oct 3. The condo recorded the sale of a 10,710 sq ft, five-bedroom penthouse for $32 million ($2,972 psf) on Sept 27.

The seller had purchased the unit in June 2014 for $15.6 million ($1,457 psf), resulting in a profit of $16.4 million. According to EdgeProp Research, the penthouse comes with five bedrooms, a dedicated wine room, and a roof terrace. It was the sixth transaction at Goodwood Residence this year.

Zion Road Condo takes pride in its classical and modern design. Comprising of high-rise towers, the meticulous architecture blends the beauty of urban sophistication and natural tranquility. Every unit is designed with expansive glass surfaces, sleek lines, and modern fixtures creating an open and airy atmosphere. Residents will enjoy uninterrupted views of the Singapore River and Great World City from the comfort of their homes. Additionally, top-tier amenities offer a luxury living experience.

The condo was developed by Guocoland and completed in 2013. It consists of 210 units, designed by local architecture company Woha. According to EdgeProp LandLens, 38.6% of its buyers are Singaporeans, while 28.2% consists of permanent residents, and the remaining 24.3% are foreigners.

Park Place Residences at Paya Lebar Quarter (PLQ) saw the second highest psf-price high during the reviewed period. A 484 sq ft one-bedder was sold for $1.18 million ($2,442 psf) on Sept 29. The seller bought the property at $1.005 million in April 2018, pocketing a profit of $178,000 on the sale.

The condo, developed by Lendlease, is 99-year leasehold and was completed in 2019. It consists of 429 units, including one- to three-bedrooms between 474 and 1,367 sq ft. It is part of PLQ – a development with a shopping mall, three towers, and almost one million sq ft of Grade-A office space.

The third transaction that achieved a new psf-price high was at Buckley Classique, a freehold condo on Buckley Road in Novena. On Sept 21, a 1410 sq ft, three-bedroom unit was sold for $3.25 million ($2,305 psf). The previous psf-price high came from the sale of a 1,410 sq ft two-bedder at $3.24 million ($2,300 psf) in April 2013.

The condo was developed by City Developments and has 64 one- to five-bedroom units occupying between 1,098 and 4,359 sq ft. The majority of its buyers are Singaporeans, who make up 60% of the buyer profile.

No new psf-price lows were recorded during the period in review.