Three Three Robin reaches new high of $2,465 psf
Sturdee Residences is a 99-year leasehold condo on Beatty Street in District 8 that was completed in 2019. The 305-unit apartment was developed by SL Capital, a subsidiary of local building project company Sustained Land. Located near Farrer Park MRT Station, the development is a 30-storey twin-tower venture with a blend of 1- to five-bedroom units that range from 420 to 1,830 sq ft.
Three Three Robin, a freehold residence on Robin Road in prime District 10, topped the list of condos that viewed a fresh psfprice high in between July 28 and Aug 1. This was achieved with the sale of a 1,582 sq ft, three-bedroom unit on the 6th ground for $3.9 million, or $2,465 psf, on July 28. The deal notes the first time the property development has moved across the $2,400 psf limit, and even defeats the previous high of $2,389 psf started March 2022 when a 1,582 sq ft unit altered hands for $3.78 million.
Sturdee Residences also achieved a brand-new psf-price high in the course of the period in evaluation with the deal of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The seller of the one-bedroom unit on the 27th floor had acquired it from the developer in May 2016 for $752,400 ($1,792 psf), that suggests they made a boost of around $146,000 or 19% on the sale. The transactions beats the recent psf-price strong at Sturdee Residences logged in June, the second a 420 sq ft flat was reselled for $888,000 or $2,115 psf.
No brand-new psf-price lows were documented during the period in evaluation.
Based upon cautions lodged with URA, the unit sold on July 28 had been acquired by the vendor from the builder in September 2004 for $1.69 million ($1,067 psf). This suggests they made a boost of $2.21 million (131%) on the transaction.
Another property development that met a brand-new psf-price high is Mountbatten Lodge, a freehold apartment on Mountbatten Road in District 15. A one-bedroom flat on the first floor estimating 334 sq ft unit changed hands for $650,000, or $1,948 psf, on July 28. The purchase goes beyond the previous record of $1,745 psf signed up in May, when a 355 sq ft unit was sold for $620,000.
Mountbatten Lodge was done in 1998 with solely 28 household units. Condominiums make up one- and two-bedders in between 280 and also 721 sq ft. The development lies in just the upmarket household enclave that lines Mountbatten Road in the East Coast. Across the route from Mountbatten Lodge is Liv@MB, the upcoming 298-unit residential property development by Bukit Sembawang Estates.
The unit marketed on July 28 is the initial flat at Three Robin to shift hands this year. Prior to that, the most more recent resell purchase at the development took place a year previously when a 1,636 sq ft unit on the eighth ground brought $3.75 million ($2,292 psf) in July 2022.
Three Three Robin is a property by SC Global Developments which was completed in 2005. The store development has already 36 units residency in a single block. Units consist of 2- to four-bedders in between 1,367 and 4,855 sq ft.