SINGAPORE (EDGEPROP) - Upcoming freehold development Grange 1866 topped the list of condos that saw a new psf-price high between June 2 and 9 with the sale of a 764 sq ft unit for $2.59 million, or $3,390 psf, on June 7. The two-bedroom unit on the 12th floor was sold by the developer and this is the first time a unit transacted at Grange 1866 has crossed above $3,300 psf. It beats the previous high of $3,145 psf registered on Jan 19 when an 829 sq ft unit fetched $2.61 million.The new psf-price
topped the list of condos that saw a new psf-price high between June 2 and 9 with the sale of a 764 sq ft unit for $2.59 million, or $3,390 psf, on June 7. The two-bedroom unit on the 12th floor was sold by the developer and this is the first time a unit transacted at Grange 1866 has crossed above $3,300 psf. It beats the previous high of $3,145 psf registered on Jan 19 when an 829 sq ft unit fetched $2.61 million.
Located on Grange Road in prime District 10, Grange 1866 is a 60-unit condo developed by Grange 1866 Pte Ltd. The project features a single block of 16 storeys located on a 20,322 sq ft, freehold site. Units comprise one- and two-bedroom apartments between 527 and 1,012 sq ft. The condo is expected to be completed by the end of 2025. To date, the project has seen 13 units sold at an average price of $2,862 psf, based on caveats lodged with URA.
Royal Hallmark hit a new psf-price high after a 797 sq ft unit was sold by the developer for $1.82 million on June 2 The five-storey development has a total of 32 units, made up of three-bedders from 797 sq ft and four-bedders from 1,130 sq ft. There are also two 5-bedroom, duplex penthouses each measuring 2,077 sq ft.
The Hermitage is another condo that hit a new psf-price high during the week, when an 818 sq ft unit on the fourth floor changed hands for $1.72 million, or $2,096 psf, on June 5. The seller, who had purchased the unit in May 2016 for $1.28 million , made a $435,000 profit, or a 34% capital gain, on the transaction.
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