More than six units of the Ardmore Three have been sold for at least $4,000 psf since May of this year. Said units are above the 30th level. The most recent transaction was a 31st floor 1,776 sqft unit that sold for $4,001 psf or a whopping $7.11 million.
The Ardmore Three was previewed in 2013, completed in 2014 and was relaunched last April 15, 2016. As per developer Wheelock Properties, more than 85% of the 84 units has been sold. All are freehold projects. All the units are three-bedroom apartments ranging from 1,744 to 1,787 sqft. View Ardmore Three floor plans here.
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The luxury real estate market for condominiums is building up. This is true especially for completed and nearly completed projects. At Tanjong Pagar Centre, GuocoLand’s landmark integrated development, two units at the Wallich Residence have already been sold, way before its completion date. The peculiarity with Wallich Residence is that residential apartments are built at levels above the 38-floor office tower. This 181-unit luxury condo occupies the 39th to the 63th level. It provides unobstructed views of the city skyline. The units are a good mix of one, two, three and four-bedroom units. A super-penthouse covers 21,000 sqft.
Two one-bedroom apartments were sold at Wallich Residence. The first unit is a 614 sqft unit on the 41st floor that sold for $3,061 psf or $1.88 million. The other unit is on the 50th floor which sold for $2.06 million or $3,187 psf. Buyers are rumored to be from Hong Kong.
Last January, the unit sold was a one-bedroom unit on the 42nd floor. It is 646 sqft and is said to have fetched about $1.92 million or $2,970 psf. About 20 units of this 99 year leasehold luxury property is now sold and off the market.
Tanjong Pagar Centre, a development of GuocoLand, is the tallest building in Singapore. It stands 290 meters tall and is directly linked to the Tanjong Pagar MRT through its basement. It also connects to the 100,000 sqft retail and lifestyle areas of Guoco Tower, which stands at 890,000 sqft and Sofitel Singapore City Singapore, a 222-room property. There is also a 150,000 sqft landscaped urban park.
Five units at Goodwood Grand, a property along Balmoral Road in prime District 10, have recently been sold. The first two units to have been sold are on level one of the 12-storey condominium. One is a two-bedroom unit that measures 893 sqft and was sold for $2.29 million or $2,556 psf. The other is a three-bedroom unit, 1,302 sqft in space, which was sold for $3.04 million or $2,333 psf.
The other three units are the following: Two 775 sqft two-bedroom units that sold for $1.84 million / $2,374 psf (3rd floor) and $1.85 million / $2,387 psf (fourth floor); and one three-bedroom unit, 1,109 sqft in area that fetched $2.66 million or $2,394 psf.
Goodwood Grand, a freehold development, has been completed. This property boasts of 65 condominium units and eight strata bungalows. The project is a collaboration of Tong Eng Group, Clarus Corp (Ng Family), and Tiong Seng Holdings. Their shares are 50%, 20% and 30% respectively.
On the other hand, another freehold luxury condominium project in District 15 is seeing a rush of activity since its completion. This is the Amber Skye Project along Amber Road, a 109-unit, 22-floor condominium. This development is adjacent to the Tanjong Katong MRT (which is still under construction) along the Thomson-East Coast Line.
Prices of the three most recently concluded transactions at Amber Skye price ranged from a low of $2.16 million or $1,930 psf (1,119 sqft two-bedroom units, 16th floor) to $2.57 million or $1,335 psf (1,335 sqft three-bedroom unit, 15th floor). Since the approval of its Temporary Occupation Permit (T.O.P.) in April, Amber Skye has sold more than 26 units. And as per caveats lodged, at least 40 units have been reserved.
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