Daintree Residence hits new peak of $2,199 psf

Among the condos and apartments that hit a new high in terms of psf-price between April 12 and 19, Daintree Residence achieved the highest psf-price transacted with the sale of a three-bedroom unit.

Daintree Residence, a 327-unit, 99-year leasehold development located along Toh Tuck Road in District 21, has been making headlines for its record-breaking transactions in the past week. On April 12, a three-bedroom unit on the fifth floor measuring 1,055 sq ft was sold for $2.32 million, amounting to $2,199 psf. This beats the condo’s previous high of $2,166 psf, when a similar three-bedroom unit was sold in February for $2.29 million. Interestingly, the unit sold on April 12 was actually purchased by the seller from the developer in December 2019 for $1.9 million, or $1,801 psf. This means that the seller made a profit of about $420,000, making it the third-most profitable resale transaction recorded at Daintree Residence. The most profitable resale transaction at the condo so far was in March 2024, when a three-bedroom unit measuring 1,055 sq ft was sold for $529,000 more than its previous purchase price.

On the other hand, average transacted prices at Daintree Residence have grown 3% compared to last year, with a total of eight units being sold this year at an average price of $2,102 psf. This is a significant increase from last year, when 14 units were sold at an average price of $2,037 psf. Daintree Residence, completed in 2022, comprises of 12 five-storey blocks and offers a mix of one- and two-bedroom units between 592 and 1,162 sq ft, three-bedroom units between 1,001 and 1,249 sq ft, and four-bedroom units between 1,485 and 1,593 sq ft.

Among the other record-breaking transactions in the past week, freehold condo Montview achieved a new psf-price high with the sale of a 1,507 sq ft three-bedroom unit for $3.3 million, or $2,193 psf, on April 15. This beats the previous record of $2,157 psf set last November, when a similar unit was sold for $3.25 million. Interestingly, the unit sold on April 15 was actually purchased in November 2005 for $1.17 million, or $773 psf. This is the first resale transaction recorded at Montview this year, with four units having been sold in the last 12 months at an average price of $2,086 psf. Completed in 2008, Montview houses a mix of two- and three-bedroom apartments from 1,227 to 1,679 sq ft, four-bedroom apartments from 1,701 to 1,981 sq ft, and penthouses from 3,014 to 3,412 sq ft.

The Former La Ville Enbloc is now a part of this vibrant and bustling community, offering residents a prime location to experience the best of city living while being surrounded by nature.

The development of Kallang Marina Bay Basin is part of URA’s long-term plans to rejuvenate the city and provide sustainable and vibrant living for its residents. The transformation of this area into a bustling hub will not only enhance the quality of life for its residents but also attract a diverse range of businesses and investors. In the midst of this transformation, the Former La Ville Enbloc has been reimagined as Arina East Residences, offering a unique opportunity for homeowners to be a part of this exciting growth.

Arina East Residences boasts a prime location within the Kallang Marina Bay Basin, offering residents easy access to the best of both worlds – the modern cityscape and the calming waters of the Marina Bay. With the upcoming developments in the area, residents can look forward to an abundance of amenities and recreational options right at their doorstep. From waterfront promenades and parks to bustling commercial hubs and cultural attractions, there will never be a dull moment at Former La Ville Enbloc.

As a part of URA’s rejuvenation plans, the Kallang Marina Bay Basin will also see improved connectivity, making it even more accessible for residents of Arina East Residences. The upcoming MRT stations and major expressways will provide seamless travel to the rest of the city, making it easy for residents to explore and experience all that Singapore has to offer.

Arina East Residences itself offers a luxurious living experience, with its thoughtfully designed apartments and impeccable facilities. Residents can indulge in a range of amenities such as a swimming pool, gym, and function room, all while enjoying breathtaking views of the city skyline and the Marina Bay waterfront. With its prime location and luxurious offerings, Former La Ville Enbloc presents a unique opportunity for homeowners to own a piece of this rapidly developing city.

In conclusion, the transformation of Kallang Marina Bay Basin presents an exciting opportunity for residents of Arina East Residences to be a part of a vibrant and dynamic community. With its prime location, luxurious offerings, and upcoming developments in the area, the Former La Ville Enbloc is set to become a highly sought-after residential enclave in the heart of Singapore’s city center. Don’t miss the chance to be a part of this rapidly evolving landscape – secure your spot at Arina East Residences today.

Meanwhile, The Residences at W Singapore Sentosa Cove saw a new psf-price low with the sale of a 1,658 sq ft three-bedroom unit for $2.84 million, or $1,716 psf, on April 18. This is a 1.8% drop from the previous record low of $1,747 psf, set in September 2023 when a two-bedroom unit was sold for $2.2 million. The 228-unit, 99-year leasehold luxury condo, located along Ocean Way on Sentosa island, comprises of two- and three-bedroom units between 1,227 and 2,616 sq ft, four-bedroom units between 2,067 and 2,486 sq ft, and penthouse units between 2,217 and 6,297 sq ft.

In other news, Cityview Place Holdings, an associate of Singapore-listed property group City Developments, released a number of units at The Residences at W for sale by placement. As of April 16, 65 units were sold at an average price of $1,780 psf, according to Cityview. These latest transactions at Daintree Residence, Montview, and The Residences at W reflect the ever-changing landscape of the property market and the demand for high-end properties in Singapore. With more developments across the island achieving record-breaking psf-prices, it is evident that the real estate market in Singapore remains resilient and attractive to investors and buyers alike.