Three Three Robin reaches new high of $2,465 psf
The unit sold off on July 28 is the initial condo at Three Robin to alter hands this year. Before that, the most more recent resell deal at the property development occurred a year previously when a 1,636 sq ft unit on the eighth ground brought $3.75 million ($2,292 psf) in July 2022.
Sturdee Residences is a 99-year leasehold condominium on Beatty Road in District 8 that was completed in 2019. The 305-unit condominium was developed by SL Capital, a subsidiary of local building development business Sustained Land. Located near Farrer Park MRT Terminal, the property development is a 30-storey twin-tower venture with a blend of 1- to five-bedroom units that range from 420 to 1,830 sq ft.
No brand-new psf-price lows were recorded during the time period in review.
Based upon cautions lodged with URA, the unit sold on July 28 had been purchased by the seller from the builder in September 2004 for $1.69 million ($1,067 psf). This means they made a gain of $2.21 million (131%) on the deal.
Three Three Robin is a development by SC Global Developments which was finished in 2005. The boutique development has 36 units flat in a singular block. Units comprise 2- to four-bedders between 1,367 and 4,855 sq ft.
Mountbatten Lodge was completed in 1998 with just 28 residential units. Apartments make up one- and two-bedders between 280 and also 721 sq ft. The development is located in just the upmarket housing surround that lines Mountbatten Road in the East Coast. Across the route from Mountbatten Lodge is Liv@MB, the upcoming 298-unit domestic property development by Bukit Sembawang Estates.
Sturdee Residences likewise attained a brand-new psf-price high during the time period in assessment with the sale of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The owner of the one-bedroom unit on the 27th floor had actually purchased it from the developer in May 2016 for $752,400 ($1,792 psf), which means they made a growth of about $146,000 or 19% on the sale. The transactions surpasses the recent psf-price high at Sturdee Residences logged in June, the moment a 420 sq ft flat was reselled for $888,000 or $2,115 psf.
Another development that hit a brand-new psf-price high is Mountbatten Lodge, a property condo on Mountbatten Road in District 15. A one-bedroom home on the very first ground evaluating 334 sq ft unit changed hands for $650,000, or $1,948 psf, on July 28. The transaction exceeds the previous file of $1,745 psf signed up in May, when a 355 sq ft unit was sold for $620,000.
Three Three Robin, a freehold residence on Robin Road in prime District 10, climbed the selection of condos that found a fresh psfprice high in between July 28 and Aug 1. This was attained with the sale of a 1,582 sq ft, three-bedroom unit on the sixth ground for $3.9 million, or $2,465 psf, on July 28. The deal notes the first time the property development has crossed the $2,400 psf threshold, and defeats the past high of $2,389 psf broken out March 2022 when a 1,582 sq ft unit changed hands for $3.78 million.