Three Three Robin reaches new high of $2,465 psf
Based upon caveats lodged with URA, the unit sold on July 28 had been bought by the vendor from the builder in September 2004 for $1.69 million ($1,067 psf). This implies they made a profit of $2.21 million (131%) on the purchase.
Another project that hit a brand-new psf-price high is Mountbatten Lodge, a property apartment on Mountbatten Route in District 15. A one-bedroom apartment on the first level estimating 334 sq ft unit altered hands for $650,000, or $1,948 psf, on July 28. The deal surpasses the previous file of $1,745 psf registered in May, when a 355 sq ft unit was offered for $620,000.
Three Three Robin, a freehold residence on Robin Road in prime District 10, topped the lineup of condos that discovered a new psfprice high between July 28 and Aug 1. This was accomplished with the sale of a 1,582 sq ft, three-bedroom unit on the 6th level for $3.9 million, or $2,465 psf, on July 28. The transaction notes the very first time the development has actually crossed the $2,400 psf limit, and even beats the previous high of $2,389 psf set in March 2022 the minute a 1,582 sq ft unit changed hands for $3.78 million.
Sturdee Residences additionally achieved a new psf-price high throughout the duration in review with the deal of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The vendor of the one-bedroom unit on the 27th floor had purchased it from the property developer in May 2016 for $752,400 ($1,792 psf), which suggests they made a growth of around $146,000 or 19% on the sale. The dealing defeats the past psf-price strong at Sturdee Residences logged in June, the second a 420 sq ft flat was reselled for $888,000 or $2,115 psf.
The unit sold off on July 28 is the very first residence at Three Robin to switch hands this year. Before that, the most more recent resell transaction at the property development took place a year ago when a 1,636 sq ft unit on the 8th floor fetched $3.75 million ($2,292 psf) in July 2022.
No new recent psf-price lows were filed throughout the time period in evaluation.
Sturdee Residences is a 99-year leasehold condominium on Beatty Road in District 8 that was completed in 2019. The 305-unit apartment was created by SL Capital, a branch of local real estate project business Sustained Land. Situated close to Farrer Park MRT Terminal, the property is a 30-storey twin-tower plan with a combination of one- to five-bedroom units that vary from 420 to 1,830 sq ft.
Three Three Robin is a project by SC Global Developments which was finalized in 2005. The boutique innovation has 36 units housed in a solo block. Units comprise two- to four-bedders in between 1,367 and 4,855 sq ft.
Mountbatten Lodge was completed in 1998 with solely 28 household units. Condos make up one- and two-bedders in between 280 and 721 sq ft. The growth rises within the upmarket non commercial surround that lines Mountbatten Road in the East Coast. Across the route from Mountbatten Lodge is Liv@MB, the upcoming 298-unit housing development by Bukit Sembawang Estates.