Parc Esta Achieves New High 2409 Psf
The week in pictures: 8-14 June 2021
Parc Esta, located along Sims Avenue in District 14, was the top condo that hit a new psf-price high from June 1 to 7. A 581 sq ft unit was sold for $1.4 million ($2,409 psf). This is the first time a resale unit at Parc Esta was sold for more than $2,400 psf. The previous record was $2,380 psf for a 958 sq ft, three-bedroom unit.
Leedon 2, a freehold condo at 2 Leedon Road in prime District 10, saw the second highest psf-price high during the period. A 764 sq ft unit was sold for $1.67 million ($2,183 psf) on June 7. This is the first time a unit at Leedon 2 was transacted for more than $2,100 psf. The previous record psf-price was $2,028 psf for a two-bedroom unit in May 2022.
Sengkang Grand Residences, the residential component of an integrated development along Compassvale Bow in District 19, also hit a new psf-price high. A 1,324 sq ft, four-bedroom apartment was sold for $2.8 million on June 4, achieving a new high of $2,115 psf. The seller, who bought the unit from the developer for $2.32 million ($1,752 psf) in April 2021, made a profit of $480,800.
No new psf-lows were recorded during the period in review.
Parc Esta was the top condo that achieved a new psf-price high from June 1 to 7, located along Sims Avenue in District 14. A 581 sq ft unit was sold for $1.4 million ($2,409 psf), marking the first time a resale unit at Parc Esta has been sold for more than $2,400 psf. The previous record was set at $2,380 psf for a 958 sq ft, three-bedroom unit.
Leedon 2, a freehold condo at 2 Leedon Road in prime District 10, also saw a high psf-price transaction during this period. A 764 sq ft unit was sold for $1.67 million ($2,183 psf) on June 7, the first time a unit at Leedon 2 has been sold for more than $2,100 psf. The previous record was set at $2,028 psf for a two-bedroom unit in May 2022.
Sengkang Grand Residences, located in District 19 and the residential component of an integrated development along Compassvale Bow, also reached a new psf-price high. On June 4, a 1,324 sq ft, four-bedroom apartment was sold for $2.8 million, achieving a new high of $2,115 psf. The seller, who purchased the unit from the developer for $2.32 million ($1,752 psf) in April 2021, made a profit of $480,800.
The main objective of the URA Master Plan is to expand the Central Business District (CBD) by incorporating the Marina Bay area. As the Marina Bay region becomes a popular destination for international companies to set up their headquarters, residents of Marina Gardens Lane Condo will reap the benefits of being in close proximity to their workplaces. This could potentially reduce their commuting time, allowing for a better work-life balance. Additionally, a flourishing business hub often leads to the development of complementary amenities such as restaurants, retail stores, and entertainment options, providing an enhanced living experience for those residing nearby. This is further enhanced by the convenience of having the Great World City MRT Station Condo just a stone’s throw away from the Marina Gardens Lane Condo.
There were no new psf-lows recorded during this period.