Three Three Robin sets a new high of $2,465 per square foot

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Read more: Marina Collection resale resulted in a $2.59 million loss

Marina Collection resale resulted in a $2.59 million loss

3 Three Robin, a freehold condominium located on Robin Road in prime District 10, was the top of on the condo list that hit the highest price for psf in the period between July 28-August 1. The result was the purchase of a 1,582 square foot 3 bedroom unit located on the sixth floor, for $3.9 million which is equivalent to $2,465 per square foot, on the 28th of July. This was the first time that the development has passed the $2,400 psf threshold, and it beats the previous record of $2,389 psf recorded in March 2022. 1,582 sq ft apartment was sold for $3.78 million.

Based on caveats filed with URA Based on caveats lodged with URA, the unit that was sold on the 28th of July was purchased through the sale of developer developer at the end of September in 2004. $1.69 million ($1,067 per square foot). This means that they earned an investment that was $2.21 millions (131%) on the deal.

Three Three Robin is a development developed by SC Global Developments which was completed in the year 2005. The development is a boutique one with 36 units that are housed within a single block. The units are comprised of two to four-bedders that range from 1,367 up to 4,855 square feet.

The unit that was sold on July 28 was the first property in Three Three Robin to change owners this year. Before that, the latest purchase at the development was last year when a 1,636 sq. ft apartment situated on the 8th floor sold for $3.75 million ($2,292 per square foot) in July 2022.

Sturdee Residences also set a new PSF-price record in the time that was under review, with the sale of a 420 square foot unit for $898,888 which is equivalent to $2,141 per square foot, on the 1st of August. The owner of the one-bedroom unit located on the 27th floor purchased the property directly from its developer in May of 2016 for $752,400 ($1,792 per square foot) and gained around 146,000, or 19% from the sale. The sale beats the previous high of psf at Sturdee Residences recorded in June in which a 420 sq ft apartment was purchased at a price of $888,000, which is $2,115 per sq ft.

Sturdee Residences is a 99-year leasehold condominium situated on Beatty Road in District 8 that was completed in 2019. The 305-unit condominium was built in partnership with SL Capital, a subsidiary of the local property development firm Sustained Land. The development is situated near the Farrer Park MRT Station, the project is a 30 storey twin-tower building that has a mixture of one to five bedroom units that span between 420 and 1,830 square feet.

Another project that set an all-time high in psf prices includes Mountbatten Lodge, an undeveloped condo with freehold situated on Mountbatten Road in District 15. One-bedroom apartments on the first floor of 334 square feet changed owners for $650,000, which is $1,948 per square foot, on the 28th of July. This is more than that of $1,745 per square foot that was set in May when a 355 sq. ft unit was sold for $620,000.

Mountbatten Lodge was completed in 1998, with only 28 housing units. Apartments are one- and two-bedders ranging from 280 to 721 square feet. The development is situated within the residential enclave of luxury which runs along Mountbatten Road in the East Coast. The road that runs parallel to Mountbatten Lodge is Liv@MB, the forthcoming 298-unit residential development from Bukit Sembawang Estates.

There were no new lows in the psf-price index observed during the time of the review.