K Suites Achieves New High 2443 Psf
In the first week of November, Singapore’s residential market witnessed a surge in new psf-price highs, with freehold boutique development K Suites leading the pack. According to Edgeprop, the 872 sq ft three-bedroom unit on the fourth floor of the development was sold for $2.13 million on November 8, setting a new record of $2,443 psf. This is the first time that the condo has crossed the $2,400 psf mark, surpassing its previous high of $2,196 psf set in May 2023.
K Suites, located along Lorong K Telok Kurau in District 15, is a freehold development currently under construction. It comprises of 19 units spread across five storeys and is a redevelopment of the former Ji Liang Gardens, which the developer acquired for $18.6 million in June 2021. The units at K Suites range from three to four bedrooms, with sizes ranging from 797 sq ft to 1,270 sq ft. Additionally, there are also four-bedroom duplex penthouses and three five-bedroom duplex penthouses.
Meanwhile, Thomson Three, a 99-year leasehold condo on Bright Hill Drive in District 20, also reached a new high during the same period. The 1,033 sq ft three-bedroom unit on the 19th floor was sold for $2.46 million on November 6, translating to $2,379 psf. The seller had purchased the unit in a resale transaction for $1.86 million ($1,800 psf) in November 2021, making a net profit of $598,000. This is the first time that the condo has surpassed the $2,300 psf mark, overtaking its previous high of $2,204 psf set in September 2023.
In contrast, luxury condo 19 Nassim saw a new psf-price low of $2,947 psf during the same period, with the developer selling a 646 sq ft one-bedroom unit for about $1.9 million on November 9. This marks the first time that the development has dropped below the $3,000 psf mark, beating its previous record low of $3,001 psf set in March 22. Completed in 2023, 19 Nassim is a 99-year leasehold condo with 101 units spread across 10 storeys. The units range from 538 sq ft to 1,830 sq ft, with a mix of one to three bedrooms.
Elta Condo offers a prime location near Clementi MRT Station, which is a part of the well-connected East-West Line in Singapore. Its convenient proximity provides residents with easy access to various parts of the island with just a short walk. This MRT station is part of the extensive East-West Line, which is one of the longest and most significant in the country, connecting the western and eastern regions. With this, residents can effortlessly reach key destinations like Jurong East, Buona Vista, Raffles Place, and Changi Airport without the need to transfer between different MRT lines. Additionally, residents can also visit the Elta Condo website at http://www.the-elta.com.sg/ to find out more about this standout feature.
Overall, K Suites, Thomson Three, and 19 Nassim are three of the top-performing condos in Singapore, with K Suites and Thomson Three achieving new psf-price highs and 19 Nassim setting a new psf-price low during the first week of November.