Three Three Robin reaches new high of $2,465 psf

One more development that hit a brand-new psf-price high is Mountbatten Lodge, a property apartment on Mountbatten Road in District 15. A one-bedroom residence on the initial floor evaluating 334 sq ft unit changed hands for $650,000, or $1,948 psf, on July 28. The purchase goes beyond the previous report of $1,745 psf registered in May, when a 355 sq ft unit was promoted for $620,000.

Mountbatten Lodge was finished in 1998 with just 28 non commercial units. Condos make up one- as well as two-bedders between 280 and 721 sq ft. The development lies in just the upmarket non commercial enclave that lines Mountbatten Roadway in the East Coast. Throughout the path from Mountbatten Lodge is Liv@MB, the upcoming 298-unit household property development by Bukit Sembawang Estates.

Three Three Robin, a freehold condominium on Robin Road in prime District 10, climbed the list of condominiums that saw a new psfprice high in between July 28 and Aug 1. This was achieved with the sale of a 1,582 sq ft, three-bedroom unit on the 6th floor for $3.9 million, or $2,465 psf, on July 28. The deal marks the very first time the property development has traversed the $2,400 psf threshold, and even defeats the past high of $2,389 psf set in March 2022 the minute a 1,582 sq ft unit changed hands for $3.78 million.

Sturdee Residences is a 99-year leasehold condo on Beatty Street in District 8 that was finalized in 2019. The 305-unit apartment was created by SL Capital, a subsidiary of district real estate project company Sustained Land. Located near Farrer Park MRT Station, the property development is a 30-storey twin-tower plan with a mix of one- to five-bedroom units that vary from 420 to 1,830 sq ft.

The unit marketed on July 28 is the very first flat at Three Robin to change hands this year. Prior to that, one of the most more recent reselling purchase at the development occurred a year previously when a 1,636 sq ft unit on the 8th level retrieved $3.75 million ($2,292 psf) in July 2022.

Based on cautions lodged with URA, the unit sold on July 28 had been bought by the seller from the builder in September 2004 for $1.69 million ($1,067 psf). This indicates they made a boost of $2.21 million (131%) on the purchase.

Hill House condominium

Sturdee Residences likewise attained a new psf-price high during the time period in evaluation with the transaction of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The owner of the one-bedroom unit on the 27th floor had actually acquired it from the property developer in May 2016 for $752,400 ($1,792 psf), that means they made a gain of about $146,000 or 19% on the sale. The transaction beats the recent psf-price strong at Sturdee Residences logged in June, the moment a 420 sq ft flat was sold for $888,000 or $2,115 psf.

Three Three Robin is a property by SC Global Developments which was finalized in 2005. The shop development has already 36 units residency in a solo block. Units comprise 2- to four-bedders between 1,367 and 4,855 sq ft.

No new psf-price lows were noted during the period in evaluation.

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