Three Three Robin reaches new high of $2,465 psf
Sturdee Residences likewise accomplished a brand-new psf-price high during the duration in review with the transaction 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 actually purchased it from the developer in May 2016 for $752,400 ($1,792 psf), that suggests they made a boost of approximately $146,000 or 19% on the sale. The dealing defeats the past psf-price strong at Sturdee Residences logged in June, when a 420 sq ft apartment was reselled for $888,000 or $2,115 psf.
The unit marketed on July 28 is the first residence at Three Robin to change hands this year. Before that, one of the most latest reselling purchase at the project occurred a year previously when a 1,636 sq ft unit on the 8th level brought $3.75 million ($2,292 psf) in July 2022.
Three Three Robin, a freehold condo unit on Robin Road in top District 10, topped the list of condos that viewed an updated psfprice high between July 28 and Aug 1. This was achieved with the sale of a 1,582 sq ft, three-bedroom unit on the sixth ground for $3.9 million, or $2,465 psf, on July 28. The purchase notes the first time the project has actually gone across the $2,400 psf threshold, and also defeats the former high of $2,389 psf started March 2022 the minute a 1,582 sq ft unit altered hands for $3.78 million.
Sturdee Residences is a 99-year leasehold apartment on Beatty Road in District 8 that was completed in 2019. The 305-unit condominium was developed by SL Capital, a branch of neighborhood real estate project company Sustained Land. Situated close to Farrer Park MRT Terminal, the property development is a 30-storey twin-tower project with a mix of 1- to five-bedroom units that range from 420 to 1,830 sq ft.
One more property development that hit a new psf-price high is Mountbatten Lodge, a freehold condominium on Mountbatten Road in District 15. A one-bedroom residence on the first level measuring 334 sq ft unit altered hands for $650,000, or $1,948 psf, on July 28. The deal surpasses the previous record of $1,745 psf signed up in May, when a 355 sq ft unit was promoted for $620,000.
Three Three Robin is a property development by SC Global Developments which was finalized in 2005. The boutique development has 36 units residency in a single block. Units consist of two- to four-bedders in between 1,367 and 4,855 sq ft.
No new psf-price lows were recorded during the time period in review.
Mountbatten Lodge was finished in 1998 with solely 28 residential units. Apartments comprise one- and two-bedders in between 280 and 721 sq ft. The development rises within the upmarket non commercial surround that lines Mountbatten Roadway in the East Coast. Across the path from Mountbatten Lodge is Liv@MB, the upcoming 298-unit residential project by Bukit Sembawang Estates.
Based on cautions lodged with URA, the unit offered on July 28 had been acquired 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.