Woodleigh Residences Hits New Psf Price High 2532
Nestled in the heart of the neighborhood, Woodlands North Plaza is a charming and intimate shopping center that caters to the everyday needs of its local residents. This community mall boasts a range of amenities, from food outlets and grocery stores to various service shops. However, it is most renowned for its wet market and food center, where customers can indulge in fresh produce and delicious hawker fare. And with the addition of the nearby Norwood Grand, this plaza offers even more convenience for quick stops and essential shopping. Its strategic location and compact size make it a go-to destination for those seeking a more personal and community-oriented shopping experience.
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The Woodleigh Residences has emerged as the top condo with the highest psf-price during the period of June 21 to June 25. This comes after a three-bedroom, 958 sq ft unit on the ninth floor was sold for $2.426 million on June 25, translating to a psf price of $2,532. This marginally surpasses the previous high of $2,516 psf recorded in May when a similar-sized unit on the 13th floor was sold for $2.41 million. It is the second time that a unit at The Woodleigh Residences has transacted above $2,500 psf.
The new high at The Woodleigh Residences follows the sale of another 958 sq ft unit for $2.43 million on June 25. The Woodleigh Residences is a 99-year leasehold development located in District 13, along Bidadari Park Drive, off Upper Aljunied Road and Upper Serangoon Road. It is part of an integrated development that includes The Woodleigh Mall, the Woodleigh MRT Station on the North-East Line, and an underground bus interchange.
The condo comprises 667 units, ranging from two-bedroom units of 570 sq ft to 743 sq ft, three-bedroom units of 850 sq ft to 958 sq ft, and four-bedroom units of 1,270 sq ft to 1,475 sq ft. As over 75% of the units face Bidadari Park and Alkaff Lake, the development enjoys an east-facing orientation and U-shaped configuration.
According to URA Realis, which tracks property transactions in Singapore, The Woodleigh Residences was completed in 2Q2023 and received its temporary occupation permit. As the development has yet to receive its certificate of statutory completion (CSC), the units transacted at this completed project are considered sub-sales.
To date, there have been a total of 43 sub-sale transactions at The Woodleigh Residences, with 41 of them occurring after completion. These units range in size from 570 sq ft to 958 sq ft and were sold for prices between $1.23 million and $2.43 million on an absolute basis, and $2,078 and $2,532 on a psf basis.
Another condo that achieved a new psf-price high during the period in review is Seventy Saint Patrick’s. On June 25, a three-bedroom unit measuring 1,184 sq ft was sold for $2.73 million, resulting in a psf price of $2,306. This surpasses the previous record of $2,266 psf, set in December last year when a 1,410 sq ft unit was sold for $3.2 million. It is the first time that a unit at Seventy Saint Patrick’s has transacted above $2,300 psf.
The 1,184 sq ft unit sold on June 25 was previously purchased as a resale unit for $1.95 million ($1,647 psf) in August 2020. This translates to a gross gain of $780,000 for the seller.
Located on St Patrick’s Road, off East Coast Road in District 15, Seventy Saint Patrick’s is a freehold condo with 186 units spread across low-rise residential blocks. It was completed in 2016 and is less than a 10-minute walk from the upcoming Marine Terrace MRT Station on the Thomson-East Coast Line. The units include two-bedroom apartments of 700 sq ft to 872 sq ft, three-bedroom apartments of 936 sq ft to 1,195 sq ft, and four-bedroom, dual-key units of 1,410 sq ft to 1,442 sq ft. There are also two-bedroom penthouses of 1,033 sq ft to 1,055 sq ft, three-bedroom penthouses of 1,173 sq ft to 1,346 sq ft, and four-bedroom penthouses of 1,647 sq ft.
Tanglin View also achieved a new psf-price high during the period in review. On June 21, a three-bedroom, 1,141 sq ft unit on the 10th floor was sold for $2.075 million, resulting in a new high of $1,819 psf for the development. This surpasses the previous high of $1,770 psf set on March 28, when a similar-sized unit fetched $2.02 million.
Tanglin View is a 384-unit condo on Prince Charles Crescent, off Alexandra Road in District 3. It was completed on a 99-year lease in 2001 and is within walking distance to the Redhill MRT Station on the East-West Line. Units range from two-bedroom units of 872 sq ft to 2,497 sq ft in size.
Apart from the two units transacted on June 21 and March 28, two other units at Tanglin View have been sold so far this year. In February, a 1,141 sq ft unit was sold for $1.8 million ($1,578 psf), while in May, a 2,121 sq ft unit was transacted for $3.45 million ($1,627 psf).
No new psf-price lows were recorded during the period in review.