$3,272 per square foot is a new price high for Nassim 9

Nassim 9, A luxury freehold development along Nassim Road in the District of 10, has hit a record price record of $3,272 psf and topped the list of condos that set new price-points for psf in the period from October 27 through November 5.

The latest high of Nassim 9 follows the sale of a four-bedroom home that was sold for $11.2 million on the 27th of October. The 3,423 square feet apartment was bought at $6.8 million ($1,987 per square foot) in October 2009. This means the seller made a profit of $4.4 million from the sale. This is the most expensive value that has been traded at the building on both absolute and psf bases.

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Prior to that the most recent sale at Nassim 9 was in April 2012 , when the 3,143 square feet unit was purchased at $8.8 million ($2,800 per square foot) This also was the last absolute and psf-based highs in the condo.

Nassim 9 is an exclusive development which is completed in the year 2002. It is a small development with only eight unitsthat are housed in a 4-storey building. The development is situated inside the luxurious Nassim Road residential enclave, it is a quick walk from each of Tanglin Mall and the Orchard Road shopping mall as well as Singapore Botanic Gardens. Singapore Botanic Gardens. It is also walking distance to The Orchard Boulevard MRT Station on the Thomson-East Coast Line, which began operation on November 13.

Royalgreen has also reached a new high for psf prices after an auction of 721 square 2 ft two-bedroom apartment for $2.17 million in psf of $3,003 on October 27. This is higher than the previous record of $2,974 per square foot set in April when a 775 square foot unit was bought to the developer for $2.31 million. This is also the first time that a sale within the development has reached the $3,000 threshold for psf.

Royalgreen is an open-air development that is located in Anamalai Avenue, off Bukit Timah Road as well as Sixth Avenue in prime District 10. The development was created through Allgreen Properties, it is part of the developer’s Bukit Timah Collection, which also comprises The 476 unit Fourth Avenue Residences located on Fourth Avenue and the 115-unit Juniper Hill located on Ewe Boon Road. Royalgreen was completed in the year 2000 and comprises 285 units spread across eight five-storey blocks. They are made up of two to four-bedroom homes that range from 635 sq feet to 1,475 sq feet.

The development is a seven-minute walk from the Sixth Avenue MRT Station on the Downtown Line. It’s also 10 minutes away from the high-quality schools such as Hwa Chong Institution, Raffles Girls’ Primary School, Nanyang Primary School, National Junior College and Methodist Girls’ School.

Landmark is another development that has a high-priced history. Landmark is another building which set a new psf record when a single-bedder with 495 sq feet was sold for $1.32 million which is equivalent to $2,668 per square foot on November 4. The apartment, which is located on the 26th floor was bought by the developer. This transaction is higher than the previous record of $2,660 psf recorded on September 15 by the purchase of a 4,95 square feet unit for $1.32 million.

The Landmark is a 99-year leasehold property situated on Chin Swee Road, adjacent to Pearl Hill City Park in District 3’s Outram region. The Landmark is a development by an alliance of MCC Singapore, SSLE Development and ZACD Group. The project is scheduled to be completed in 2025 the project comprises 396 residential units that are comprised of three to one-bedroom units which range in size from 495 square feet.

The project was announced for sales in November 2020 which resulted in 110 units (28%) sold at an average of $2250 psf on the launch weekend. Since that time the project has been sold out to the 204 units (52%) have been purchased for sale at an average cost of $2,227 per square foot, according to caveats that were lodged on November 15. The price of psf was not lowered. reported during the week.