Final Units Perfect Ten And Pasir Ris 8 Sold
May new home sales hit one-year high Advertisement
The final unit at the 230-unit Perfect Ten, located in Bukit Timah, has been sold. The 1,281 sq ft, three-bedroom apartment was located on the topmost level (24th floor) and fetched a price of $4.359 million ($3,403 psf). According to a caveat lodged on May 20, the buyer is a Singapore Permanent Resident (PR) and the deal was brokered by PropNex.
Developed by Hong Kong-listed property group CK Asset Holdings, Perfect Ten is spread across three 24-storey towers on a freehold site of 104,529 sq ft. The project is expected to be completed sometime next year. Its prime location in District 10 makes it a popular choice among local homebuyers, as it is within 1km of prestigious schools such as Anglo-Chinese School and Singapore Chinese Girls’ School.
Rewritten: The sale of Norwood Grand marks an important milestone as it is the first government land sale (GLS) for non-executive condominiums in Woodlands in over a decade. This follows the last sale of a plot at Woodlands Avenue 2 and Rosewood Drive in 2011, which eventually led to the development of the 689-unit Parc Rosewood at a price of $367 per square foot per plot ratio (psf ppr). Interested buyers can refer to the official website of Norwood Grand at http://www.norwoodgrandcondo.com.sg/ for more information.
Another notable development in District 10 is the 192-unit Cuscaden Reserve. Since its relaunch in March with prices reduced by up to 20%, 100 units (52%) have been sold. The latest transaction was for a 700 sq ft, two-bedroom unit on the 18th floor of the 28-storey tower, which sold for $2.047 million ($2,926 psf) based on a caveat lodged on May 27. Developed by Singapore luxury developer SC Global Developments, in a joint venture with Hong Kong-listed developers New World Development and Far East Consortium International, the 99-year leasehold project was completed last year.
Moving to prime District 9, the upcoming 138-unit, freehold condo Klimt Cairnhill has seen strong sales since its launch in August 2020 and relaunch in January 2023. To date, 114 units (83%) have been sold, with two-bedroom units of 829 sq ft selling in May for prices ranging from $2.72 million ($3,282 psf) on the 17th floor, to $2.828 million ($3,412 psf) on the 26th floor of the 36-storey tower. The luxury project is being developed by listed property builder Low Keng Huat and is expected to be completed next year.
Also in District 9, the joint developers of Watten House – UOL Group and Singapore Land Group – have sold 142 units since the project previewed last November. With 180 units, this brings the project’s sold percentage to 79%. This demonstrates the high interest among local buyers in purchasing units in freehold condos in prime districts, as the price gap between Core Central Region (CCR) and Rest of Central Region (RCR) projects has narrowed. The latest data from Edgeprop Buddy also shows an increase in purchases by PRs buying their first home, with a lower ABSD of 5% compared to the 60% for foreigners.
In the suburban district of Pasir Ris, the 487-unit Pasir Ris 8 condo saw its last unit get sold on May 26. The three-bedroom unit, located on the fifth level and spanning 1,302 sq ft, was sold for $2.302 million ($1,767 psf). Launched in July 2020 by a joint venture between Allgreen Properties and Kerry Properties, the overwhelming response saw 85% of units get sold on the first day. Situated within an integrated development, with the three-storey Pasir Ris Mall and linked to the Pasir Ris MRT Station as well as being an interchange for the East-West and Cross Island Lines contributed to the high demand. With an average price of $1,630 psf, at least 14 units were sold above $2,000 psf. One of the 710 sq ft units located on the fourth level of one of the blocks hit a high of $2,101 psf last November.