Perfect Ten sets a new high of $3,670 per square foot

Perfect Ten, which is a freehold condominium located on Bukit Timah Road, in the prestigious District 10, was the top of in the condo options that hit an all-time high in psf prices between August between 15 and 22. The result was the purchase of a 753 square foot two-bedroom penthouse to developer developer at $2.765 million, which is equivalent to $3,670 psf on Aug 18. The deal surpasses the previous record of $3,585 per square foot set in September 2022 when the 1,227 square foot unit was purchased to developer developer for $4.4 million.

Watten House Condo offers beautiful suburban living within Singapore’s bustling metropolis, with stunning views of the Bukit Timah neighborhood.

Perfect Ten is a luxury residential development owned by CK Asset Holdings, the most prominent real estate venture of billionaire Li Ka Shing that is located at Hong Kong. It is currently in the process of being built, includes the capacity of 230 apartments located in two 24-storey towers. The units include two-bedders ranging from 753-797 sq feet and three-bedders ranging from 1,227 to 1,281 sq feet.

The project first came to life in December 2021. It began with the developer offering 115 units from one tower available for sale. It then announced units from its second tower at the end of September in 2022. Based on caveats filed up to this point the project has had 223 units sold for an average cost of $3,044 per square foot, which is an occupancy rate of more than 97%. The project’s completion date is expected to occur around 2025.

Melrose Park additionally reached a record psf-price during the review period after the sale of a 1,292 square ft property for $3.3 million (or $2,555 per sq ft) on August 18. The owner of the three-bedroom unit located on the eighth floor had bought the property at the request of developer developer back in 1999. The price was $1.206 million ($934 per square foot) This means that they gained around $2.1 million from the purchase.

This is the first time that a unit in Melrose Park has exceeded the threshold of $2,500 in terms of psf prices that have been traded. Prior to this, the record stood at $2,361 in psf recorded in November 2021 where a 1,292 sq ft unit was sold for $3.05 million.

Melrose Park is an leasehold for 999 years property from CapitaLand situated at Kellock Road, off River Valley Road in District 10. The development of 170-units was completed in the year 2000. It is located in the River Valley residential enclave, situated across the street from the Great World City shopping center, which is connected with Great World MRT Station on the Thomson East Coast Line. The development comprises two 19-storey blocks. The units include three- and four-bedroom apartments with sizes ranging from 1,292 – 3,412 square feet. Each block also houses six penthouse units located on the 19th floor, which are ranging between 3,606 and 5,231 sq feet.

The unit that was sold on August 18 was the first resale sale to be recorded by Melrose Park since April 2022 the time the 3,315 square feet unit was sold to $6.9 million ($2,081 per square foot). Another project that set the new high of psf can be found at the Montana which is a freehold condominium located situated on Jalan Mutiara in District 10. Three-bedroom apartments on the 10th floor that measures 1,141 square feet was sold at $2.725 million, which is $2,388 per square foot, on August 17. The deal is higher than prior records of $2251 per square foot that was registered 10 years ago in September 2013 when a 549 square foot unit was purchased for $1.24 million.

Montana Montana is a condominium built developed by Koh Brothers Development which was completed in 2002. The Montana has 108 apartments that are housed in a single building. Apartments range from one to four-bedders ranging from 549 to 2,659 square feet. They are located in the River Valley residential enclave, it is within walking distance of a number of restaurants and shops along River Valley Road and Zion Road. It is also just a 6-minute walk to Great World.

There is only one other unit in The Montana has been sold in the past year. On June 23, a 549 square feet apartment in the 6th floor sold for $1.195 million ($2,177 per sq ft).