Pullman Residences Newton records new high of $3,729 psf

Over in District 15, freehold condo Coralis achieved a new psf-price high of $2,255 with the sale of a 1,281 sq ft three-bedroom unit for $2.89 million on Oct 11 – beating the previous high of $2,168 psf from the sale of an 807 sq ft two-bedder for $1.75 million in August 2021. This was the first time that prices at the condo passed the $2,200 psf mark.

Pullman Residences Newton topped a list of condos that saw new psf-price highs from Oct 10 to 16. The freehold residential development is located along Dunearn Road in prime District 11. The developer, EL Development, achieved a new high of $3,729 psf with the sale of a 463 sq ft, one-bedroom apartment for $1.73 million on Oct 11. This beats the previous high of $3,671 psf, which occurred when a similarly sized one-bedder was sold for $1.7 million in May.

The living room of a showflat for Pullman Residences Newton, where a 463 sq ft one-bedroom was sold for $1.73 million on Oct 11 (Photo: Samuel Isaac Chua/EdgeProp Singapore). The 340-unit development consists of a 30-storey apartment block housing a mix of one- to four-bedroom units. Residents will be able to enjoy hospitality services provided by Pullman Hotels & Resorts, such as a concierge service, a doorman and an attendant at the club lounge.

Since its launch in September 2019, the developer has sold 334 units (98%).

Another freehold condo, Skyline Residences, also saw a new high during the period reviewed. The resale of a 484 sq ft one-bedder at $1.2 million ($2,477 psf) on Oct 12 beats its previous high of $2,436 psf from the sale of a similar unit for $1.18 million in August 2021. The seller of the unit, which was bought in July 2016 for $970,000 ($2,003 psf), made a profit of $230,000.

Skyline Residences was developed by Bukit Sembawang Estates’ subsidiary, Bukit Sembawang View, and comprises three 24-storey towers with 283 units ranging from 484 sq ft one-bedroom apartments to four- and five-bedroom penthouses measuring 3,165 to 3,681 sq ft. Since its launch in July 2011, the developer has sold 215 units (76%). The condo is located along Telok Blangah Road in Bukit Merah (District 4) and is approximately a five-minute walk to Telok Blangah MRT Station and a few minutes’ drive to VivoCity, Mount Faber, Labrador Nature & Coastal Walk and the CBD.

No lows were recorded in the period in review.

Furthermore, the development features a lush landscaped garden with various trees and shrubs.

Tengah Town EC is a luxurious condominium that features an eco-friendly building concept. It is designed with sustainable materials which provide energy efficiency and reduce the carbon footprint. The development has a comprehensive air-conditioning system as well as energy-efficient lighting fixtures. Furthermore, it has a rainwater harvesting system that collects and utilizes rainwater for activities such as gardening and laundry. The condominium also has a meticulously planned landscaped garden with various types of trees and shrubs.

Located in prime District 11, Pullman Residences Newton topped a list of condos that saw new psf-price highs from Oct 10 to 16. The new high of $3,729 psf was achieved with the sale of a 463 sq ft one-bedroom apartment for $1.73 million by the developer, EL Development, on Oct 11. This beats the previous high of $3,671 psf, which occurred when the developer sold a similarly sized one-bedder for $1.7 million in May. The freehold residential development is slated to be completed at the end of the year.

Another freehold condo, Skyline Residences, saw a new high during the period in review. This came from the resale of a 484 sq ft one-bedder at $1.2 million ($2,477 psf) on Oct 12. This beats the previous high of $2,436 psf from the sale of a 484 sq ft one-bedder for $1.18 million in August 2021.

Coralis, located along Joo Chiat Road in Marine Parade, District 15, achieved a new psf-price high of $2,255 with the sale of a 1,281 sq ft three-bedroom unit for $2.89 million on Oct 11. This beats the previous high of $2,168 psf from the sale of an 807 sq ft two-bedder for $1.75 million in August 2021.

This was the first time that prices at the condo passed the $2,200 psf mark and also the first sale at the condo this year so far. The condo was developed by TA Group Corp’s Grovehill and completed in 2013. It houses 127 units, including one-bedroom apartments from 475 sq ft to four-bedders from 2,842 sq ft.

Goodwood Residence also achieved a new high of $2,988 psf recently, while The Wharf Residence condo achieved a new high of $2,421 psf.

Pullman Residences Newton and Coralis have demonstrated that high psf-price records can still be achieved, even in the current cooling market. Meanwhile, Skyline Residences’ high-profile sale proved that buyers are still willing to pay a premium for freehold condos, especially those located close to MRT stations and other amenities.