Goodwood Residence records new high price of $2988 psf

Goodwood Residence in the freehold was at the top of a list that included condos with new highs for psf between Sept.19 and Oct.3. The condominium recorded the sale on Sept. 27, of a penthouse with a total area of 10,710 ft2, five bedrooms, for $32,000,000. This unit was originally bought by the original owner and seller for $15.6 mil ($1,457 sq ft) in June 2014. They made a profit totaling $16.4 mill on the sale. EdgeProp Research indicates that according to its original layout, this penthouse comes with five bedroom, a dedicated cellar, and a rooftop.

The sixth condo transaction of the year has taken place. The previous sale was a 2,497-square-foot two bedroom unit in June. It sold for $7.15M. The transaction on Sept. 27 also beats the previous peak of $2.940 psf for this condo, achieved in November 2017 with a $4-bedder that sold for $7.5 million.

Guocoland’s Goodwood Residence Development, which developed Goodwood Residence along Bukittimah road in District 10, completed it in 2013. Woha is a local company that designed 210 condo units. EdgeProp LandLens estimates that 38.6%, or 210 of the condo’s buyers, are Singaporeans. Of those, 28.2%, are permanent residents. The rest, 24.3%, are foreigners.

Read more: Lentor Modern mixed development

Buckley Classique, located in Novena’s District 11 and a 3-bedroom freehold unit at 1410 sq.ft., saw its psf high rise after the Sept. 21 sale. The previous high psf was set by the April 2013 sale of a 1,410 ft2 two-bedder for $3.24m ($2,300psf).

This is now the third condo transaction this year. The first sale was in Feburary, for $6.48M ($1,819/sq ft). The second deal was for a three-bedroom 1,475 sq ft home for $3.2M ($2,170psf).

Buckley Classique has been developed and finished by City Developments. The condominium has 64 1 to 5 bedroom units that range between 1,098 – 4,359 sq.ft. Singaporeans represent 60% of buyer profiles.

Park Place Residences Paya Lebar Quarters (PLQ) had the second highest psf during the period. On September 29, the 484-square-foot one-bedder of the 99-year Leasehold Condo saw its highest price ever at $2,442 per square foot. The property was bought by the seller at $1.005 in April 2018. This means the sellers made a gain of $178,000 when they sold it.

The previous transaction high was $2,427/sqft in July 2012 when a 667-sqft 2-bedder sold at $1.62m. A condo located in District 14. Based on the caveats registered in the previous 12 months the condominium has sold 20 units with an average price per square feet of $2,156.

Lendlease built the condominium, and it was completed by 2019. A total of 429 condos are available, from 1 to 3 bedrooms with a size between 474 and 1367 sq. ft. This condominium is a part of PLQ – an integrated project that also includes a large shopping center and three high-rise towers. These include almost 1,000,000 sq ft Grade A office space. With direct access via the East-West Line to Paya Lebar MRT Station it enjoys great connectivity. The total project costs $3.7 billion. It occupies over four hectares of land.

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