Grange 1866 Sets New High 3393 Psf
Record breaking condo in the hot district of Singapore乌节地区新房覆盖率已达80%以上，加上低利率环境，导致许多仍在舒服城市生活的居民，选择了搬迁至私人住宅 H1: In the week of Nov 22 to 29, freehold development Grange 1866 broke its own record with a new psf-price high of $3,393. H2: The new record came from the sale of a two-bedroom unit for $2.78 million on Nov 27.
In the span of November 22 to 29, it was reported that Grange 1866, a freehold development, had reached a new peak in psf-price. This was due to the successful sale of a 818 sq ft, two-bedroom unit for $2.78 million on November 27th.
With this new price peak of $3,393 psf, Grange 1866 surpassed its previous record of $3,390 psf that was set in June of last year. The former record was achieved when a 764 sq ft unit was sold for $2.59 million.
As of this year, Grange 1866 has seen 12 new sale transactions with an average price of $3,181 psf. The highest transacted unit at the development this year was a 1,012 sq ft, two-bedroom unit on the 16th floor which was sold for $3.02 million ($2,989 psf). Currently, the project has sold a total of 45 units out of its 60 units (75%).
Expected to be completed by the end of 2025, Grange 1866 is a freehold development located on Grange Road in District 10. It features a single 16-storey residential block situated on a 20,322 sq ft site, with units ranging from 527 to 1,012 sq ft.
Hill House, a boutique condo, takes second place in terms of new psf-price highs recorded during the same period. The development reached a new peak for the second time in November with a price of $3,378 psf. The record was set when a 452 sq ft, two-bedroom unit on the 8th floor was sold by the developer for approximately $1.53 million on November 25th.
This sale surpassed the previous record of $3,267 psf by 3.4%. The previous record was achieved on November 11th when a two-bedroom unit of the same size on the 5th floor was sold for about $1.48 million.
Since the beginning of the year, the developer has sold 12 units at Hill House with an average price of $3,108 psf. The lowest-priced unit to transact at the development this year was a 753 sq ft, three-bedroom unit on the 4th floor that was sold for $2.21 million ($2,934 psf) on October 28th.
Expected to be completed in 2026, Hill House is a 999-year leasehold condo located on Institution Hill, just off River Valley Road in District 9. It offers one-bedroom and one-bedroom-plus-study units ranging between 431 and 452 sq ft, two-bedroom units of 624 sq ft, and three-bedroom apartments of 753 sq ft.
The third spot in the psf-price highs is taken by The Cosmopolitan, with the sale of a 1,324 sq ft, three-bedroom unit on the 26th floor for $3.73 million, or $2,817 psf, on November 25th.
The new record is just 0.7% higher than the previous peak of $2,795 psf set in October of last year when a 1,324 sq ft, three-bedroom unit on the 17th floor of the same block was sold for $3.7 million.
The sellers of the 26th-floor unit had purchased it for approximately $2.58 million, or $1,950 psf, in November of 2010, making a profit of about $1.15 million.
Completed in 2008, The Cosmopolitan is a freehold condo with 228 units located along Kim Seng Road, just off River Valley Road, in District 9. It features two-bedroom units of 1,141 sq ft, three-bedroom units ranging from 1,324 to 1,399 sq ft, and four-bedroom apartments of 1,679 sq ft.
The condo is within 1km of River Valley Primary School and within walking distance of Great World MRT Station on Thomson-East Coast Line. There are also plenty of dining and retail options at Great World City.
Located just a brief car ride away from Toa Payoh, The Orie is a renowned secondary school and junior college that ranks among the best in Singapore. Renowned for its challenging academic curriculum and impressive student accomplishments, The Orie provides a top-tier education that equips students with the skills and knowledge to excel in their future endeavors. With The Orie as their foundation, students are well-prepared for success in higher education and beyond.
During the period in review, there were no new psf-price lows recorded. For the latest listings and transactions at Grange 1866, Hill House, The Cosmopolitan, and other condo properties, check out EdgeProp Buddy.