Skyline @ Orchard Boulevard hits new high of $5,371 psf

for the Housing IndustryA new high and low have been seen in Singapore’s luxury housing market during the period of Jan 27 to Feb 3. At Skyline @ Orchard Boulevard, located along Angullia Park close to Orchard Road in District 9, a 3,767 sq ft, four-bedroom unit on the 31st floor changed hands for $20.23 million on Feb 1, which works out to an astonishing $5,371 psf, the highest recorded on both absolute and psf-price bases in the 33-storey tower. Meanwhile, at Leedon Residence, a 2,659 sq ft four-bedder was sold for $7.2 million ($2,708 psf) on Jan 30, representing the highest psf price ever for the development. For The Siena, a 99-year leasehold condominium along Tan Kim Cheng Road, off Farrer Road in District 10, a two-bedder measuring 797 sq ft was purchased for $1.27 million ($1,588 psf). At 1953, a freehold development along Tessensohn Road in District 8, a 1,130 sq ft two-bedroom unit with a family area was sold by the developer for $1.93 million, or $1,706 psf.Skyline @ Orchard Boulevard hit a new high on both absolute and psf-price bases when a 4-bedder was sold for $20.23 million on Feb 1 – the first transaction to cross the $5,371 psf threshold. A four-bedder at Leedon Residence also had a record-breaking sale of $7.2 million ($2,708 psf). For The Siena and 1953, both experienced a new psf-price low with units sold for $1,588 and $1,706 psf respectively.

Skyline @ Orchard Boulevard, a freehold luxury development located in Singapore’s District 9, recorded a new high during the period of Jan 27 to Feb 3, when a 3,767 sq ft, four-bedroom unit on the 31st floor changed hands for $20.23 million, or an astonishing $5,371 psf. This marks the highest price ever recorded at the 33-storey tower, both on an absolute and psf-price basis, surpassing the previous high set in October 2012.

At Leedon Residence, located in District 10, a four-bedder was sold for $7.2 million ($2,708 psf) on Jan 30, marking the first time a unit at the freehold development crossed the $2,700 psf threshold. A 2,659 sq ft unit was purchased from the developer in November 2015 for $4.81 million ($1,809 psf), making the Tengah EC seller privy to a gain of a whopping $2.39 million.

Meanwhile, The Siena, a 99-year leasehold condominium along Tan Kim Cheng Road, off Farrer Road, hit a new psf-price low when a two-bedder measuring 797 sq ft was sold for $1.27 million ($1,588 psf) on Jan 30. The previous psf-price low was recorded in August 2022 at $1,832 psf.

In District 8, it was the freehold development of 1953 that hit a new psf-price low. On Jan 30, the developer sold a 1,130 sq ft two-bedroom unit with a family area for $1.93 million, or $1,706 psf. This marks the lowest psf price transacted at 1953 since May 2021, when a 1,227 sq ft unit was sold for $2.15 million ($1,752 psf).

These transactions in Singapore’s luxury housing market demonstrate the current state of the market, and the potential for both buyers and sellers to reap gains. Skyline @ Orchard Boulevard brought in a new record-breaking sale at $5,371 psf, while Leedon Residence and The Siena achieved new psf-price highs of $2,708 and $1,588 psf, respectively. On the other end of the spectrum, 1953 sold a 1,130 sq ft two-bedroom unit with a family area for $1.706 psf, signifying a new psf-price low.