Meyerise Hits New Psf Price High 2771 Psf

The URA Master Plan places great emphasis on fostering sustainability and promoting green living, providing numerous environmental benefits for the community at Elta Condo. As Elta Condo is now incorporated into the plan, residents can look forward to a more eco-conscious and sustainable living experience. With the inclusion of Elta Condo, residents can reap the rewards of a greener and more sustainable lifestyle. Elta Condo has become a part of this vision for a more environmentally-friendly future.

: Four Seasons Park, The Oceanfront CONTINUE READING »There was a new psf-price high recorded in the week of Nov 29 to Dec 6, with Freehold condo The Meyerise taking the top spot. A 1,270 sq ft, three-bedroom unit was sold for $3.52 million, achieving a new price peak of $2,771 psf. This surpasses the project’s previous record of $2,764 psf established in October last year.Owning a unit at The Meyerise was a profitable investment for the sellers who had bought the unit for $2.32 million ($1,830 psf) in 2016 and realised a profit of $1.2 million over eight years.Meyerise, a 239-unit freehold condo, is a popular choice with nine units changing hands this year at an average price of $2,405 psf. The latest was a 2,056 sq ft, four-bedroom-plus-study unit which sold for $4.5 million ($2,189 psf) earlier this year.The Meyerise is within the vicinity of Tanjong Katong MRT Station and Katong Park MRT Station which serves the Thomson-East Coast Line. It is a short drive to popular schools such as Tanjong Katong Primary School, Tanjong Katong Girls’ School and Tanjong Katong Secondary School.Only 0.25% higher than the project’s previous record of $2,764 psf, The Meyerise achieved a new price peak when a 1,270 sq ft unit was sold for $3.52 million on Dec 6. The development had nine units changed hands this year at an average of $2,405 psf for its units.The Meyerise was completed in 2015 and is a popular freehold condo among investors as its prime location in District 15 is close to amenities and popular schools such as Tanjong Katong Primary School, Tanjong Katong Girls’ School and Tanjong Katong Secondary School. It offers a range of two- to four-bedroom units, as well as a 5,490 sq ft penthouse unit.Imperial, a freehold condo located along Jalan Rumbia in prime District 9 is a popular choice with six resale transactions this year. A 1,410 sq ft, three-bedroom unit on the 14th floor fetched $3.7 million on Dec 5, attaining the project’s new top price of $2,624 psf. The new price peak surpasses the project’s previous price high of $2,566 psf by 2.3%, set in May last year.Analysis of URA caveats showed that the unit last changed hands in September 2004, when it was bought for about $1.3 mil ($925 psf). The recent sellers have made a profit of $2.4 mil.The Imperial has seen six resale transactions this year to date at an average price of $2,414 psf. The last unit to change hands was a 1,905 sq ft, four-bedroom unit on the fifth floor that transacted at $4.6 million ($2,421 psf) on Nov 28.Set in a prime location in District 9, The Imperial is a 187-unit freehold condo completed in 2006. It offers two- to four-bedroom units as well as four- and five-bedroom penthouse units.Sky Vue placed third among projects that recorded new psf-price highs when a 1,141 sq ft, three-bedroom unit fetched $2.86 million on Dec 2, hitting a new price high of $2,505 psf. The transaction exceeds the project’s previous price high of $2,366 psf by 5.9%. The previous record was set in August when a similar 1,141 sq ft, three-bedroom unit sold for $2.7 million.Although Sky Vue has seen six resale transactions this year at an average price of $1,627 psf, the most recent sellers who had bought the 1,141 sq ft, three-bedroom unit for $1.86 million ($1,630 psf) in September 2020 made a profit of $1 million.The 694-unit Sky Vue in District 20 is a short walk away from Bishan MRT Interchange and is connected to Junction 8 mall that provides the convenience of shopping and dining options. It comprises one- to three-bedroom units, with sizes ranging from 484 sq ft to 1,259 sq ft. All 1,170 units of new private homes at the 1,405-unit Treasure at Tampines have been sold as at the end of November. (Photo: Samuel Isaac Chua / EdgeProp Singapore)New psf-price highs edge out new lows in the week of Dec 7 to 14View on “The Meyerise takes top spot for new price high”View on “Freehold Amber 45 sets new psf-price high of $2,829”View on “New property prices aren’t set in stone”View on “How to read the numbers in the GCB market”View on “Selling your condo? Here are some often-overlooked expenses to account for”View on “Breakdown of new sale transactions in November 2020”View on “Mortgagee Sale: 2-bedroom unit at Newton Regency going for $1.23 mil”View on “Are condos with shorter….condo facilities32 years2 minutes ago

The Meyerise remains at the top spot among private condos that saw a new price peak in the week of Nov 29 to Dec 6. On Dec 6, a 1,270 sq ft, three-bedroom unit fetched $3.52 mil, achieving a new price peak of $2,771 psf.The former price peak of $2,764 psf (October 2019), was surpassed by just 0.25%. This record was set when a 1,819 sq ft, four-bedroom unit on the 28th floor transacted at $5.03 mil on Oct 15.Read also: 11 units at The Meyerise sold at an average of $2,687 psfThe recent transaction was profitable for the sellers who purchased the unit for $2.32 mil ($1,830 psf) in May 2016. This translates to an increase of $1.2 mil over eight years. According to EdgeProp Buddy, The Meyerise has seen a total of 47 units sold as at end-November this year at an average price of $2,267 psf.By absolute price, the most expensive unit sold at The Meyerise this year was a 2,056 sq ft, four-bedroom-plus-study unit on the seventh floor involving $4.5 mil ($2,189 psf) on Oct 7.The 239-unit project was completed in 2015 and is a popular choice with buyers looking into the luxury market. The development comprises 31-storeys in twin residential towers. It has a mix of two- and three-bedroom units range between 872 sq ft and 1,313 sq ft, four-bedroom units ranging between 1,819 sq ft and 2,056 sq ft, and a single 5,490 sq ft penthouse unit.Situated along Meyer Road in prime District 15, the development is within 1km of two future MRT stations, Tanjong Katong MRT Station and Katong Park MRT Station, which will serve the Thomson-East Coast Line. Furthermore, several renowned schools are situated within 2km of the condo – catering to parents who have school-going children such as Kong Hwa School, Tanjong Katong Primary School, Tanjong Katong Girls’ School, and Tanjong Katong Secondary School.The Meyerise is the top-selling project in District 15 for the year as at end-November, with 47 units transacted at an average price of $2,267 psf. This is followed by Park Place Residences at PLQ with 21 units sold at $2,099 psf-year to-date.Read also: Park Place Residences scoops up top spot in District 14 in terms of number of units soldA total of 11 resale units at The Meyerise have been sold in 2020 with an average gain of $1.9 million, which works out to 2.2% of the initial purchase price. The latest seller has earned 51.9% profit from the purchase of the unit in 2016, representing an annualised profit of 8.3% over four years. This isn’t too bad considering that sellers of luxury condos usually tend to keep the unit for five to seven years before selling it.Read also; How long do sellers hold on to their luxury units before making a profit ?The Meyerise is a 99-year leasehold condo located along Jalan Rumbia in prime District 9. A freehold unit on the 14th level fetched $3.7 mil, thus achieving a new price peak of $2,624 psf. The transaction has surpassed the former price peak of $2,566 psf by 2.3% that was set in May last year.Analysis of the URA caveats data showed that the sale of the 1,410 sq ft unit last changed hands in September 2004 when it was purchased for about $1.3 mil, or $925 psf. The recent sellers made a profit of $2.4 million.The Imperial has seen six resale transactions this year to date at an average price of $2,414 psf. The last unit to change hands was a 1,905 sq ft, four-bedroom unit on