Waterfall Gardens sets a new high of $2,175 per square foot

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Grand Dunman floor plan

Waterfall Gardens topped the list of condos that reached new highs in psf in the period between May 19 and 23. The reason for this is the sale of a 1,830 square foot three-bedroom apartment located on the fifth floor, with a price of $3.98 millions on May 19, which amounts to $2,175 per sq ft. The price is more than the previous record of $2,150 per square foot, which was recorded in November 2022. A four-bedroom penthouse of 4,037 sq feet sold for $8.68 million.

Grand Dunman floor plan is expected to house 1,040 residential units and a maximum building height of about 64 metres

The buyer in the transaction on May 19 had bought the property at the end of August in August 2015 for $2.75 million ($1,503 per square foot). This is an $1.23 million (45%) gain on the deal.

Waterfall Gardens is a freehold 132-unit development situated in Farrer Road in District 10. The development was created through MCL Land, it was completed in the year 2010. It consists of three towers that span 12 stories each. The residents are comprised of threeand four-bedroom units that range from 1,829 to 2,583 square feet. There are also 12 penthouses that range from 3,380 to 4,844 square feet.

Bartley Ridge is another condo that set a new psf record when a 1,173 sq ft unit located on 15th Floor sold to the tune of $2.2 million ($1,875 per square foot) on the 23rd of May. The purchase of the three-bedroom plus-study apartment is higher than that previous high of $1843 psf that was set in February, when a 1,302 sq. ft apartment located on the fifth floor was purchased for $2.4 million.

Bartley Ridge is an apartment located situated on Mount Vernon Road, off Bartley Road in District 13 that was completed in 2016. It was developed jointly through City Developments, Hong Leong Holdings and TID (a joint venture of Hong Leong Group and Mitsui Fudosan) The 99-year leasehold condominium comprises 868 units distributed over nine towers of residential. The units comprise one-to-four-bedroom units between 441 to 2,121 square feet.

Affinity at Serangoon has also set a new PSF-price record in the time in the review. This comes with the sub-sale of a two-bedroom-plus-study unit measuring 732 sq ft for $1.35 million ($1,844 psf) on May 22. This price is more than the previous record established in August 2022 through an auction of 624 square foot property for $1.15 million, or $1,842 per square foot.

Affinity Serangoon is an 99-year leasehold condo situated on Serangoon North Avenue 1 in District 19. The 1,052-unit development is being developed by a group of local developers that is led by Oxley Holdings that includes KSH Holdings, SLB Development and Apricot Capital. It’s a redevelopment project in Serangoon Ville, a former HUDC (Housing and Urban Development Co.) estate. It is comprised of one-to four-bedroom homes that range from 474 to 1,711 sq feet, as well as 10 penthouses ranging from 1,550 to 1,701 square feet. Also, there are 40 townhouses that range from 2,056 to 2,347 sq feet.

The project was announced for sale in June of 2018 and has witnessed 10,44 (99%) units taken up for sale at an average of $1,494 per square foot, according to caveats that were lodged. The project is scheduled to be completed in the coming calendar year Affinity at Serangoon has witnessed a rise in sub-sales transactions. Since the beginning of the year there are 23 sales within the development. The units sold range between 474 and 1,152 sq feet, and prices range from $780,000 to $1.97 million on a per-unit basis that is between $1,635 and $1,844 based on a psf-price basis.

No new lows for the psf were recorded during the period of the review.

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