The K Suites development, a freehold boutique development, has recently set a new record for psf prices. The previous record of $2,196 psf in May 2023 has now been surpassed by a transaction at $2,443 psf. This sale, which took place on Nov 8, was for an 872 sq ft three-bedroom unit on the fourth floor, which was sold by the developer for $2.13 million.Freehold K Suites has recently set a new high of $2,443 psf from the sale of a three-bedroom unit (Photo: Euro Properties)Located in District 15, along Lorong K Telok Kurau, off Still Road, K Suites is currently under construction. The five-storey apartment block comprises of 19 units and is a redevelopment of the former Ji Liang Gardens. The developer had purchased six terraced houses on this site through an en bloc sale for $18.6 million in June 2021.Read also: The Shelford hits new high of $2,601 psfAdvertisementAdvertisementThe units at K Suites range in size from 797 sq ft to 1,679 sq ft, and consist of a mix of three- to four-bedroom apartments, as well as four bedroom duplex penthouses. Based on caveats lodged, the development has moved a total of 8 units, amounting to 42%, at an average price of $2,099 psf since April 2023, when it first began selling residences.Thomson Three has also seen a new high during this period, with a transaction on Nov 6 of a 1,033 sq ft three-bedder on the 19th floor for $2.46 million, or $2,379 psf. Prior to this sale, the previous record high was $2,204 psf, for a 1,033 sq ft three-bedroom unit on the 19th floor that was sold for $2.28 million on Sept 26.Thomson Three has achieved a new high of $2,379 psf (Photo: Samuel Isaac Chua/EdgeProp Singapore)Thomson Three is located at Bright Hill Drive, off Upper Thomson Road in District 20. Completed in 2016, the development comprises of 435 units across 21 storeys. Units consist of one- to four-bedroom apartments, ranging from 495 sq ft to 1,485 sq ft, as well as 10 strata semi-detached houses, measuring 3,283 sq ft each. The condo is within walking distance to the Upper Thomson MRT Station, and is also located close to Ai Tong School (Primary).Read also: Mattar Residences hits new high of $2,400 psfAdvertisementAdvertisementHowever, luxury condo 19 Nassim has seen a new low record of $2,947 psf during the period in review. This was achieved through the sale of a 646 sq ft, one-bedroom unit on the fourth floor for roughly $1.9 million, on Nov 9. This is the first time that this development has fallen below the $3,000 psf mark, surpassing its previous low record of $3,001 psf, which was achieved through the new sale of a 678 sq ft one-bedroom unit for $2.03 million on March 22, earlier this year.Based on caveats lodged, 50 units at 19 Nassim have been sold till date this year, at an average price of $3,397 psf. This price is 3.7% lower than the average price of $3,524 psf, which was achieved from the sale of eight units at the condo last year.19 Nassim is a 99-year leasehold condo, located at Nassim Hill in prime District 10. The development consists of 101 units, housed in a 10-storey residential block. Units range from 538 sq ft to 1,830 sq ft, and consist of one- to three-bedrooms. According to caveats lodged with URA, the condo has sold 61 (60%) of its units since its first launch in 2020.Latest transactions at 19 Nassim (Photo: EP Buddy)Check out the latest listings for 19 Nassim propertiesAsk BuddyCompare price trend of Condo new sale vs EC new saleCompare price trend of New sale condo vs Resale condoGenerate price trend graph for resale condo in District 10Condo rental transactions in District 15Show me condo listings in District 20Compare price trend of Condo new sale vs EC new saleCompare price trend of New sale condo vs Resale condoGenerate price trend graph for resale condo in District 10Condo rental transactions in District 15Show me condo listings in District 20
In the property market update, it was reported that K Suites, a freehold boutique development, has topped the list of condos with the highest psf prices from Nov 1 to Nov 10. The condo recorded a new high of $2,443 psf when the developer sold a 872 sq ft three-bedroom unit for $2.13 million on Nov 8.
This marks the first time that the condo has crossed the $2,400 psf mark, beating its previous high of $2,196 psf in May 2023 when a four-bedroom unit was sold for $2.79 million. Located in District 15, along Lorong K Telok Kurau, off Still Road, K Suites is currently under construction and comprises of 19 units. The project is a redevelopment of the former Ji Liang Gardens, which the developer acquired through an en bloc sale for $18.6 million in June 2021.
Consisting of three- to four-bedroom apartments ranging from 797 sq ft to 1,270 sq ft, K Suites has sold eight units (42%) so far with an average price of $2,099 psf since it began selling in April 2023.
Another condo that saw a new high during the period is Thomson Three, with a record-breaking transaction of $2,379 psf on Nov 6 when a 1,033 sq ft three-bedroom unit on the 19th floor was sold for $2.46 million. The previous high was $2,204 psf when a similar-sized unit on the same floor was sold for $2.28 million on Sept 26.
Located in District 20 on Bright Hill Drive, off Upper Thomson Road, Thomson Three has 435 units across 21 storeys, comprising of one- to four-bedroom apartments and 10 strata semi-detached houses. The condo is within walking distance to the Upper Thomson MRT Station and is near Ai Tong School (Primary).
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When it comes to real estate investments, location is a key factor to consider, especially in Singapore. Condominiums located in central areas or near important amenities like schools, shopping centers, and public transportation hubs tend to have a higher appreciation in value. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have a proven track record of consistent growth in property values. The demand for condos in these areas is also driven by their close proximity to reputable schools and educational institutions, making them a highly sought-after investment opportunity for families. For more information on potential real estate projects in Singapore, please visit Singapore Projects.
On the other hand, luxury condo 19 Nassim saw a new low of $2,947 psf during the period in review when a one-bedroom unit was sold for about $1.9 million on Nov 9. This is the first time that the development has fallen below the $3,000 psf mark, with its previous low of $3,001 psf achieved in March 2023.
With 50 units sold so far this year at an average price of $3,397 psf, 19 Nassim’s average price is 3.7% lower than the previous year’s average price of $3,524 psf when eight units were sold. The development has 101 units and is situated on Nassim Hill in District 10.
In conclusion, K Suites, Thomson Three, and 19 Nassim have achieved new highs and lows in terms of psf prices, reflecting the current state of the property market.