Pullman Residences Newton records new high of $3,729 psf

In the period from Oct 10 to 16, two condos in Singapore saw new psf-price highs: Pullman Residences Newton and Skyline Residences. The former achieved a record-breaking sale of 463 sq ft one-bedroom apartment for $1.73 million, setting a psf-price of $3,729. This beats the previous high of $3,671 psf for a similarly sized one-bedder, sold by the developer EL Development (a subsidiary of Evan Lim & Co) in May.

The Oct 11 sale marked the first time prices at the freehold Pullman Residences Newton surpassed the $3,700 psf threshold. The 340-unit residential development, located in prime District 11 along Dunearn Road, will be completed by the end of the year. It consists of a 30-storey apartment block with units ranging from one to four bedrooms.

The living room of a showflat for Pullman Residences Newton (Photo: Samuel Isaac Chua/EdgeProp Singapore).

On the other hand, Skyline Residences in Bukit Merah (District 4) achieved a new high of $2,477 psf in Oct 12. It was for the resale of a 484 sq ft one-bedder at $1.2 million which the seller had purchased for $970,000 ($2,003 psf) in July 2016. This meant that they made a profit of $230,000. The record-breaking sale beat the August 2021 high of $2,436 psf from the sale of a similarly sized unit for $1.18m. The freehold condo was developed by Bukit Sembawang Estates’ subsidiary and completed in 2015 with 283 units ranging from 484 sq ft one-bedders to larger four- and five-bedroom penthouses.

Meanwhile, in District 15, freehold condo Coralis achieved a new high of $2,255 psf with the sale of a 1,281 sq ft, three-bedroom unit for $2.89 million on Oct 11. The previous high of $2,168 psf was from August 2021, when an 807 sq ft two-bedder was sold for $1.75 million. This was also the first sale at the condo this year so far – its last transaction was when a two-bedroom apartment measuring 861 sq ft changed hands for $1.8 million ($2,090 psf) in October last year, making the seller a profit of $440,000.

Coralis is located along Joo Chiat Road in Marine Parade, District 15 and was developed by TA Group Corp’s Grovehill. Completed in 2013, the condo house 127 units including one-bedroom apartments from 475 sq ft to four-bedders from 2,842 sq ft.

No lows were recorded in the period in review.

In the period from Oct 10 to 16, two condos in Singapore saw new psf-price highs. The first being Pullman Residences Newton in prime District 11. It achieved a record-breaking sale of 463 sq ft one-bedroom apartment for $1.73 million, setting a psf-price of $3,729. The development consists of a 30-storey apartment block with units ranging from one to four bedrooms, and the freehold residential will be completed by the end of the year.

EL Development, a subsidiary of Evan Lim & Co, sold the unit, beating their own previous high of $3,671 psf for a similarly sized one-bedder, sold in May. This marked the first time the price at the condo surpassed the $3,700 psf threshold.

The living room of a showflat (Photo: Samuel Isaac Chua/EdgeProp Singapore).

The Lumina Grand EC residents have been eagerly awaiting the upcoming Jurong Region Line (JRL) for the plethora of new developments that will come along with it. Residents can expect to enjoy the convenience of having several malls, restaurants, and recreational spots near their homes. With the new MRT line opening up the western region of Singapore, the Lumina Grand EC residents will find themselves surrounded by a host of entertainment options and diverse dining experiences. The new line will connect the east and west regions of Singapore, making it easier for people to visit places of interest. As the JRL will boost connectivity to the area, the Lumina Grand EC will be the perfect spot for residents to enjoy the best of both worlds.

The other new high-achiever was Skyline Residences in Bukit Merah (District 4), where a 484 sq ft one-bedder was sold for $1.2 million on Oct 12, setting a psf-price of $2,477. This was a resale of a unit purchased in July 2016 for $970,000 ($2,003) – the seller made a profit of $230,000. The record-breaking sale beat the previous high of $2,436 psf from a similar sized unit sold for $1.18 million in August 2021. It was developed by Bukit Sembawang Estates’ subsidiary and completed in 2015 with 283 units ranging from 484 sq ft one-bedders to four- and five-bedroom penthouses.

In District 15, freehold condo Coralis achieved a new psf-price high of $2,255 with the sale of a 1,281 sq ft, three-bedroom unit for $2.89 million on Oct 11. This beats the previous high of $2,168 psf from the sale of a 807 sq ft two-bedder for $1.75 million in August 2021. The Oct 11 sale was the first time the price at the condo passed the $2,200 psf mark. It was also the first sale at the condo this year so far. Its last transaction occurred when a two-bedroom apartment measuring 861 sq ft changed hands for $1.8 million ($2,090 psf) in October last year. The seller made a profit of $440,000.

Coralis was developed by TA Group Corp’s Grovehill and completed in 2013. It houses 127 units, including one-bedroom apartments from 475 sq ft to four-bedders from 2,842 sq ft.

No lows were recorded in the period in review.