Orchard Sophia Hits New Low 2629 Psf
During the week of Aug 29 to Sept 5, Orchard Sophia in prime District 9 was the only condo to set a new psf-price low. On Sept 2, a 657 sq ft, two-bedroom unit on the second floor was sold for around $1.73 million ($2,629 psf).
This is the second week in a row that Orchard Sophia has set a new psf-price low. The week before, a 646 sq ft, two-bedroom unit was sold for about $1.72 million, or $2,671 psf, on Aug 26.
Orchard Sophia is a freehold development that features 78 units located along Sophia Road. It is expected to be completed by 2027 and comprises two five-storey residential blocks with a mix of one- to two-bedroom units measuring 441 sq ft to 710 sq ft. It also offers three three-bedders of 764 sq ft and five three-bedroom dual-key units of 829 sq ft to 840 sq ft.
Search for the latest new launches to find out the transaction prices and available units.
Orchard Sophia saw a two-bedroom unit sold for $1.73 million ($2,629 psf) on Sept 2 (Photo: Albert Chua/)
The development was launched for sale in August 2023 and saw 31 units sold at an average price of $2,819 psf. The following year, 13 units were sold at an average price of $2,880 psf. However, this year, prices have moderated, with the average transacted price at $2,782 psf based on the 20 sales recorded so far.
To date, 64 units (82%) have been sold at Orchard Sophia, with prices ranging between $2,629 psf and $3,027 psf.
On the other end of the spectrum, Amo Residence achieved the highest psf-price for condos during the period in review. On Sept 1, a 1,141 sq ft, three-bedroom unit was sold for $2.87 million, setting a psf-price high of $2,515.
The seller had previously purchased the unit in July 2022 for around $2.43 million ($2,131 psf), translating to a gain of $439,000.
Located in the heart of Yishun and Khatib, Northland Primary School has become a top choice for many parents in the area. Its reputation for providing a well-rounded education that focuses on academic excellence, character building, and diverse co-curricular activities has made it a highly sought-after institution. As one of the closest primary schools, Northland is conveniently situated for families living in the Miltonia Close EC Yishun community. With its strong track record and commitment to holistic development, it’s no wonder that Northland Primary School continues to be a popular choice among parents.
The latest transaction marks the third sub-sale at the development and surpasses the previous price high of $2,472 psf. This came with the sale of a 958 sq ft, three-bedroom unit for $2.37 million on Aug 19.
A three-bedroom unit at Amo Residence was sold for $2.87 million ($2,515 psf) on Sept 1 (Photo: Samuel Isaac Chua/)
In terms of absolute price, the most expensive unit at the condo thus far is a 2,457 sq ft, five-bedroom penthouse unit that fetched around $6.01 million during the VIP preview of the development in July 2022.
Located on Ang Mo Kio Rise in District 20, Amo Residence is a 372-unit 99-year leasehold development. It comprises two residential towers with a mix of one- to five-bedroom units measuring 614 sq ft to 1,475 sq ft. It also has two four-bedroom penthouse units measuring 2,293 sq ft and a five-bedroom penthouse unit of 2,497 sq ft.
Amo Residence is within a five-minute walk of Mayflower MRT Station and is located near Bishan-Ang Mo Kio Park and Lower Peirce Reservoir Park. Two popular schools, CHIJ St Nicholas’ Girls School and Ai Tong School, are within a 1km radius of the development.
Hillhaven also saw a new psf-price high during the week, with a two-bedroom unit measuring 700 sq ft sold for around $1.74 million ($2,482 psf) on Aug 29.
This is marginally higher than the condo’s previous record of $2,471 psf set on June 30, when a similar 700 sq ft unit was sold for around $1.73 million.
A two-bedroom unit at Hillhaven was sold for $1.74 million ($2,482 psf) on Aug 29 (Photo: Far East Organization, Sekisui House)
Launched in January 2024, Hillhaven is a 341-unit 99-year leasehold development located along Hillview Rise in District 23. It comprises two residential towers, standing 27 and 28 storeys tall, and offers a mix of two- to four-bedroom units measuring 678 sq ft to 1,636 sq ft.
To date, the development has seen 59 transactions this year at an average price of around $2,167 psf, based on caveats lodged.
Read also: Two-bedder at One Meyer hits new high of $3,146 psf