Yong Park Sets Record Psf Price High 2650 Psf

A resale unit at Yong An Park has broken the record for the highest psf-price in the freehold condo. In the week of Sept 23 to 30, a 3,434 sq ft unit on the 15th floor was sold for $9.1 million ($2,650 psf). This surpasses the previous record of $2,505 psf set last August. This is the first time a resale unit at Yong An Park has fetched more than $2,600 psf.The previous record for the most expensive resale unit at Yong An Park was held by a 6,878 sq ft penthouse on the 25th floor, which transacted for $15 million ($2,181 psf) in February 2023. Other record-breaking transactions at the condo include a 7,718 sq ft unit on the ground floor that changed hands for $14.1 million ($1,824 psf) in May 2023.The sale of a four-bedroom unit at Yong An Park has set a new record for the highest psf-price in the freehold condo. (Picture: Samuel Isaac Chua/)Completed in 1986, Yong An Park is a 288-unit condo located on River Valley Road in prime District 9. The development offers a range of unit types, from one- to four-bedroom units measuring 1,023 sq ft to 3,778 sq ft, three- to five-bedroom penthouses sized at 3,466 sq ft and 6,878 sq ft, as well as six-bedroom strata-titled townhouses.The condo is situated next to River Valley Primary School and Great World MRT Station on the Thomson-East Coast Line, which is directly connected to Great World City shopping centre.Three new projects have recently been launched in this vicinity. The latest is the 706-unit Zyon Grand, an integrated development by City Developments and Mitsui Fudosan. Prices for the project start from $2,689 psf and it previewed on Oct 8.Wing Tai Holdings recently launched River Green on the weekend of August 2–3. Out of the 524 units in the development, 460 units (88%) were sold during the opening sales weekend, with an average price of $3,130 psf. Allgreen Properties also began sales for Promenade Peak on August 1. The condo, which consists of 596 units, sold 320 units (54%) and recorded an average price of $3,343 psf.A two-bedroom unit at The Makena sold for $2.25 million ($2,431 psf) on Sept 29. (Picture: Samuel Isaac Chua/)Meanwhile, a two-bedroom unit at The Makena was sold for $2.25 million ($2,431 psf) on Sept 29, setting a new record psf-price high at the freehold condo. This surpasses the previous record of $2,242 psf, which was set in March this year when a 1,744 sq ft three-bedroom unit on the 20th floor was sold for $3.91 million.Made up of 504 units, The Makena was completed in 1998. According to caveats compiled by EdgeProp Singapore, prices at The Makena have been steadily increasing in recent years. From October 2020 to this month, prices have increased from about $1,570 psf to $2,050 psf.Only one transaction during the week of Sept 23 to 30 set a record psf-price low. A two-bedroom unit at The Reef at King’s Dock, measuring 883 sq ft, was sold for $1.47 million ($1,666 psf) on Sept 26. This transaction occurred during a sub-sale.The record psf-price low at The Reef at King’s Dock involves the sale of a 1,163 sq ft unit that fetched $2.32 million ($1,995 psf) in June this year. These two transactions are the only units at The Reef at King’s Dock that have been sold for less than $2,000 psf.Only two units at The Reef at King’s Dock have been sold for less than $2,000 psf. (Picture: Keppel)Located in District 4, The Reef at King’s Dock is one of four condos in Keppel Bay. The other developments are Reflections at Keppel Bay, Caribbean at Keppel Bay, and Corals at Keppel Bay.The Reef at King’s Dock was the latest project to launch in 2021 and it moved 280 units (65%) over its opening sales weekend, with prices starting from $2,330 psf. The condo was fully sold in September last year.Based on caveats compiled by EdgeProp Singapore, prices at The Reef have moderated in recent months. The project saw its sales price peak at about $2,600 psf in December 2023, but prices have slid to around $2,580 psf as of the end of September.Only two transactions at The Reef at King’s Dock have been sold for less than $2,000 psf. (Picture: Keppel)Other notable transactions during the week of Sept 23 to 30 include the sale of a four-bedroom unit at OUE Twin Peaks on Leonie Hill Road. The 1,701 sq ft unit was sold for $5.2 million ($3,057 psf) on Sept 25.In District 10, the sale of a 2,669 sq ft unit on the 19th floor at Cuscaden Reserve on Cuscaden Walk was sold for $13.8 million ($5,178 psf) on Sept 25.In District 3, a four-bedroom unit at Queens was sold for $4.8 million ($1,628 psf) on Sept 27. The 2,952 sq ft unit is situated on level 21. The city fringe condo is located near the Queenstown MRT Station and is close to shops, eateries, and amenities. The development comprises 722 apartments with sizes ranging from 1,227 sq ft to 3,175 sq ft.A three-bedroom unit at Dakota Residences, located along Dakota Crescent in District 14, was sold for $2.2 million ($1,730 psf) on Sept 25. The 1,270 sq ft unit is situated on the 32nd floor. The 99-year leasehold development was completed in 2010. It comprises a mix of one- to four-bedroom units ranging from 620 sq ft to 3,821 sq ft. The condo is located near Dakota MRT Station and is close to amenities such as schools, shops, and eateries.See Also:Why Singapore property prices keep rising despite supply increaseNew Launch Condo & Landed Property in Singapore (COMPLETE list & updates)New private home sales jump 46% in August as buyers snap up 1,336 unitsSome investment risks associated with unsold private homes 1. The sale of a four-bedroom unit at Yong An Park has set a new record for the highest psf-price in the freehold condo. In the week of Sept 23 to 30, a 3,434 sq ft unit on the 15th floor was sold for $9.1 million ($2,650 psf).2. The previous record of $2,505 psf was set last August. This is the first time a resale unit at Yong An Park has fetched more than $2,600 psf.3. The most expensive resale unit at Yong An Park was a 6,878 sq ft penthouse that transacted for $15 million ($2,181 psf) earlier this year.4. A two-bedroom unit at The Makena was sold for $2.25 million ($2,431 psf) on Sept 29, setting a new record psf-price high at the freehold condo.5. The previous psf-price high at The Makena was $2,242 psf when a 1,744 sq ft three-bedroom unit on the 20th floor was sold for $3.91 million on March 25.6. Only one transaction during the week of Sept 23 to 30 set a record psf-price low. The sale of a two-bedroom unit at The Reef at King’s Dock set a record price low when it transacted for $1.47 million ($1,666 psf) on Sept 26. The previous psf-price low involved the sale of a 1,163 sq ft unit for $2.32 million ($1,995 psf) in June 2021.7. Cuscaden Reserve in District 10 saw a notable transaction when a 2,669 sq ft unit on the 19th floor was sold for $13.8 million ($5,178 psf) on Sept 25.8. In District 3, a four-bedroom unit at Queens was sold for $4.8 million ($1,628 psf) on Sept 27. The 2,952 sq ft unit is situated on level 21 and is near the Queenstown MRT Station.9. A three-bedroom unit at Dakota Residences in District 14 was sold for $2.2 million ($1,730 psf) on Sept 25. The 1,270 sq ft unit, located near Dakota MRT Station, is situated on the 32nd floor.10. Keppel Bay in District 4 saw a record high of $2,600 psf at The Reef at King’s Dock in December 2023. Prices have since moderated to around $2,

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