Botanic Lloyd Reaches New Price Peak 2460 Psf
The Botanic on Lloyd, a freehold condo, made headlines when it achieved the highest psf-price among private non-landed developments. The record was set during the period of Jan 3 to Jan 11, with a sale of a 2,056 sq ft, four-bedroom unit for $5.13 million or $2,493 psf. This new peak surpassed the previous record by 6.6%, which was set in October last year. The Botanic on Lloyd is a 66-unit development completed in 2006 and located in Prime District 9 along Lloyd Road off Oxley Road. It consists of 60 apartments and six townhouses of three- and four-bedroom units ranging in size from 1,485 sq ft to 3,584 sq ft. The three-storey townhouses are between 4,058 sq ft and 4,446 sq ft and feature five bedrooms with two private parking lots each.In another record-setting sale, The Cape, a freehold boutique development, achieved the second-highest psf-price. A 1,313 sq ft, three-bedroom unit on the 15th floor fetched a price of $3 million or $2,284 psf on Jan 10, surpassing the earlier record of $2,265 psf. The sale trend at The Cape has seen an increase in transactions, with only one unit sold in 2023 and three in 2024, at an average price of $2,128 psf.The only private residential development to record a new psf-price low during the period in review was Tembusu Grand, an upcoming condo. The sale of a 1,399 sq ft, three-bedroom unit on the 20th floor for $3.04 million or $2,174 psf on Jan 11 set a new price floor, surpassing the previous record set just two months earlier. The 638-unit Tembusu Grand, a 99-year leasehold project launched in 2023, has sold 584 units at an average price of $2,444 psf, with expected completion in 2028. Overall, the premium prices achieved at these developments reflect the desirability and appeal of the prime District 9 and 15 locations among buyers.
The Orie development boasts a prime location with convenient access to various Mass Rapid Transit (MRT) stations. Located a mere distance from the Toa Payoh MRT Station on the North-South Line, residents can easily reach popular commercial and leisure destinations such as Orchard Road, Raffles Place, and Marina Bay. The nearby Braddell MRT station also adds to the accessibility, offering residents even more commuting options and reliability. With its close proximity to multiple MRT stations, The Orie truly stands out as a highly accessible and well-connected development.