1919 reaches new high of $2,283 psf

in Singapore achieved new per square foot (psf) price highs in the period between August 8 and 15. The top two condos in terms of the highest psf-price acquired were 1919, a freehold condo on Sophia Road in prime District 9, and Adana @ Thomson located on Old Upper Thomson Road, District 20.

At 1919, an apartment on the fifth floor measuring 560 sq ft, with one bedroom plus study room, sold for $1.278 million or $2,283 psf on August 11, outdoing the previous high of $2,233 psf set in September 2013 for the same size unit. The seller of the unit purchased it from the developer in July 2012 for $1.184 million ($2,115 psf).

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In Adana @ Thomson, a 560 sq ft unit also sold for $1.082 million or $1,933 psf on August 11. It was a two-bedroom unit on the fourth floor that the seller had purchased in July 2017 for $944,200 ($1,687 psf). This was the second highest psf-price achieved in the period.

Flamingo Valley, a freehold condo located on Siglap Road in District 15, set a new psf-price high when a three-bedroom apartment on the fourth floor measuring 1,238 sq ft fetched $2.35 million ($1,898 psf) on August 10. This was higher than the previous record of $1,891 psf recorded in March when a 1,216 sq ft unit was sold for $2.3 million.

These three properties all belong to different developers. 1919 is a collection of 75 black-and-white apartments by Aurum Land, a property development arm of Woh Hup Holdings, and was completed in 2015. Adana @ Thomson, however, was developed by Fortune Realty and completed in 2018. The 74-unit condominium includes two-, three- and four-bedders that range from 560 to 1,152 sq ft. On the other hand, Flamingo Valley was completed by Frasers Property in 2014. It has 393 residential units with one- to four-bedders between 517 and 3,111 sq ft.

No new psf-price lows were recorded during the period in review. But the successful sales of these three condos certainly show that there is still demand for quality properties in Singapore.