Three Three Robin reaches new high of $2,465 psf
Sturdee Residences is a 99-year leasehold condominium on Beatty Road in District 8 that was completed in 2019. The 305-unit condo was created by SL Capital, a subordinate of local property development company Sustained Land. Located near to Farrer Park MRT Station, the property development is a 30-storey twin-tower plan with a mix of one- to five-bedroom units that range from 420 to 1,830 sq ft.
Sturdee Residences additionally attained a brand-new psf-price high throughout the time period in review with the sale 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 ground had actually acquired it from the developer in May 2016 for $752,400 ($1,792 psf), which indicates they made a gain of approximately $146,000 or 19% on the sale. The dealing surpasses the past psf-price high at Sturdee Residences logged in June, when a 420 sq ft condo was offered for $888,000 or $2,115 psf.
The unit offered on July 28 is the first flat at Three Robin to switch hands this year. Prior to that, one of the most more recent resell deal at the development took place a year back when a 1,636 sq ft unit on the 8th floor retrieved $3.75 million ($2,292 psf) in July 2022.
No brand-new psf-price lows were documented throughout the duration in assessment.
Three Three Robin, a freehold condo unit on Robin Road in prime District 10, climbed the list of condos that saw a fresh psfprice high in between July 28 and Aug 1. This was attained with the sale of a 1,582 sq ft, three-bedroom unit on the 6th floor for $3.9 million, or $2,465 psf, on July 28. The transaction marks the very first time the development has traversed the $2,400 psf threshold, and also defeats the previous high of $2,389 psf started March 2022 when a 1,582 sq ft unit changed hands for $3.78 million.
One more development that hit a new psf-price high is Mountbatten Lodge, a property apartment on Mountbatten Road in District 15. A one-bedroom flat on the initial level measuring 334 sq ft unit changed hands for $650,000, or $1,948 psf, on July 28. The deal goes beyond the previous file of $1,745 psf signed up in May, when a 355 sq ft unit was sold for $620,000.
Mountbatten Lodge was completed in 1998 with just 28 residential units. Apartments make up one- and two-bedders between 280 and 721 sq ft. The development is located within the upmarket residential enclave that lines Mountbatten Road in the East Coast. Across the route from Mountbatten Lodge is Liv@MB, the upcoming 298-unit household project by Bukit Sembawang Estates.
Three Three Robin is a project by SC Global Developments which was finished in 2005. The shop enhancement has 36 units residency in a single block. Units make up 2- to four-bedders in between 1,367 and 4,855 sq ft.
Based on caveats lodged with URA, the unit offered on July 28 had been purchased by the vendor from the developer in September 2004 for $1.69 million ($1,067 psf). This indicates they made a boost of $2.21 million (131%) on the transaction.