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Read more: Undeveloped condominium project with freehold rights with a reserve in the amount of $420million

It was sold as a penthouse with six bedrooms located at Sky Everton fetched a new price per square foot. The 2,228 square foot unit was offered through developer SL Capital — an entity that is a combination of Sustained Land, Ho Lee Group, Kwong Lee Land and Penjuru Capital — for $7.59 million on the 26th of July which amounts to $3,406 per square foot.

Sky Everton is an open-hold development that is situated at Everton Road in District 2. The development consists of a 36-storey building that will accommodate 262 homes. The units are comprised of one-to four-bedroom units which range from 463 sq ft up to 1,345 sq feet. Penthouses are available in four different sizestwo five-bedders that measure 1,819 sq feet and two six-bedders with 2,228 square feet.

The project was announced for sales in June of this year, with over 40% of the units being sold on the weekend of its launch with an average cost of $2,500 per square foot. Based on analysis of EdgeProp Singapore’s research tool the project has had steady sales, and prices have steadily increased up to an average $2,865 per sq ft over the past twelve months, as of August.

The penthouses of three in Sky Everton were sold this year including the penthouse with 2,228 square feet that was sold on the 29. The 2,228 sq feet penthouse was sold on the 31st of March to $7.11 million ($3,189 per square foot) which was the highest price reported by Sky Everton at the time. In addition, one of the two penthouses of 1,819 square feet was sold on January 30 , for $5.69 million ($3,127 per square foot). Sky Everton is within walking distance to the new Cantonment MRT Station on the Circle Line and is scheduled to be completed in 2023.

Another development that is in the pipeline, One Bernam, also witnessed a record psf record after a one-bedroom apartment that was 452 square feet located on 26th Floor was purchased to developer developer at $1.37 million ($3,039 per square foot) on the 25th of July.

One Bernam is an 99-year leasehold mixed-use project situated on Bernam Street located situated off Anson Road in District 2’s Tanjong Pagar area. The development is part of a joint with MCC Land and Hao Yuan Investment. Apart from 351 housing homes, One Bernam comprises a two-storey retail platform comprising 15,726 square feet as well as the first floor is a serviced unit, each with 13 keys.

The residences at One Bernam were made available to the market in May of last year. So far, 121 homes (34%) have an average of $2,467 per square foot according to caveats that were lodged. The units located at One Bernam comprise a mix of one-to three-bedroom unitsthat range in size between 452 and 1,421 sq feet. There are two penthouses with three bedrooms with 1,744 sq ft and 1,948 sq ft The largest penthouse is home to five bedrooms and covers 4,306 square feet. It is situated close to Tanjong Pagar MRT Station on the East-West Line.

In the meantime, One Meyer -the freehold property located in Meyer Place within District 15, which is located on the Marine Parade — saw an all-time low in terms of cost when a 926 square foot 3-bedroom apartment was purchased to a buyer for $2.24 million ($2,419 per square foot) on the 28th of July. It was the final residence at the boutique development of 66 units through Sustained Land, which means it’s 100% sold. The project, which went up on the market in March 2019 was able to sell its units at an average cost of $2,580 per square foot in the last three years.

The units at One Meyer are comprised of smaller one-, two and three-bedroom units that range from 614 to 1,033 square feet. The project, scheduled to be completed in 2023 It is situated just between Katong Park and Katong Park MRT Station on Thomson East Coast Line, set to be completed in 2024.

Read related article: 22 luxury apartments at Draycott Eight were sold to an Indonesian family for $168 million

Penthouses and large four-bedroom apartments in prime areas led the way on the leaderboard of the most profitable as well as unprofitable transactions over the two weeks between July 12 and 26. The deal that brought the largest price gain was the largest unit in the Top Ten the eleven-unit, six-storey freehold apartment block on Emerald Hill Road, built in 1978.

The 3,143 square foot four-bedroom penthouse located at Top Ten changed hands for $5.19 million ($1,650 per square foot) in accordance with an agreement on 19 July. The property was bought at $1.75 million ($557 per sq ft) in the month of August 1999. This is an annual capital profit in the amount of $3.44 million or 193% following a 23-year ownership period.

Top Ten Apartment Block Top Ten apartments are located in The building is located at 134 Emerald Hill Road, amid the historic shophouses that are located along Emerald Hill Road, just from Orchard Road on one side and Cairnhill Road on the other. The development is situated within District 9’s prime area.

The second most profitable deal from July 12 to 26 , was situated in the Shelford. The purchase included a 2174 square 4 ft penthouse with four bedrooms situated on the top floor on one of the building’s five-storey blocks. The penthouse was purchased 13 years ago at $1.93 million ($888 per sq ft) It was recently transferred ownership to the value of $4.15 million ($1,909 per square foot). For the seller, this is a profit in the amount of $2.22 million.

The 215-unit freehold condominium, which is located at Shelford Road in prime District 11 It was designed by CapitaLand and was completed in 2005. It is a favorite among families with children who attend school due to its proximity to schools, including Anglo-Chinese Schools (Junior) as well as Saint Margaret’s Secondary School the Anglo Chinese School (Primary) as well as Raffles Girls’ Primary School.

However, the least profitable deal involved a $7503 square feet, five-bedroom penthouse in the Arcadia. The penthouse has recently sold to the value of $7.7 million ($1,026 per square foot) in accordance with an agreement signed on the 14th of July. The penthouse was bought on August 10, 2010 and cost $10 million ($1,333 per sq ft) that is an $2.3 million profit over the 12 year holding period.

The Arcadia is a condominium with a 10 storey project with only 164 units. Three-bedroom units range from 3,466 to 3,735 square feet, while four-bedroom units range between 3,714 and 4,672 sq feet. In contrast, penthouses have 7,503 sq ftand five-bedroom simplexes. The 99-year leasehold condominium has an agreement from 1979 which was then being completed in 1983.

The development is situated at Arcadia Road, off Adam Road in the District 11’s prime area.
In the meantime, the second-most unprofitable purchase was the freehold, 70-unit CityVista Residences. It is located in Peck Hay Road, just from Clemenceau Avenue in prime District 9. The 20-story condominium block was built in 2010.

The most recent sale included a 2 626 square feet, four-bedroom apartment on the 12th floor . The unit was auctioned off at $4.95 million ($1,885 per square foot) on the 19th of July. The unit was purchased at $6.83 million ($2,600 per square foot) at the height of the previous property growth in the year 2007. Thus, the seller noticed the value of the property decreased in the amount of $1.88 million.

A group of six freehold shophouses along Serangoon Road will be offered for sale in a group with a price guide of $63 million. It will be an auction on August 2. The properties are being marketed through PropNex Realty.

The Botany at Dairy Farm floor plan to develop the 1.56-hectare plot and maximize the neighbourhood’s good attributes.

The six adjacent properties comprise 322 and 332 Serangoon Road in District 8. The two-storey shops are situated near the intersection with Serangoon Road and Kitchener Road and have double street frontage on both roads.

The building is situated on a 9,042 square foot site which is designated for commercial use and has an average plot ratio of 3.0 according to the most recent Master Plan. This means that the new owner can choose to transform the site to create a six-storey commercial building that has an gross floor space of 27125 sq ft According to PropNex.

The shophouses are located next to Centrium Square and face City Square Mall. The developments in the vicinity include retail centers like Mustafa Centre and hotels like Parkroyal located on Kitchener Road and Holiday Inn Singapore Little India and Little India, in addition to Farrer Park Hospital.

Farrer Park MRT Station on the North-East Line is less than 200m away from the row of shops.

In the release issued by PropNex Realty, the ground-floor shophouse units are currently leased to a variety of F&B operators and the second floor units are leased out to public entertainment companies.

“We anticipate that the shophouse portfolio to draw a lot of attention since it’s rare to locate freehold commercial assets with high visibility, a large pedestrian population and are close of an MRT station.” states Tracy Goh the director of investment and selling at PropNex.

She says these characteristics will help support the rental as well as the capital value appreciation for these properties. “Foreigners who are high net-worth as well as family office owners will appreciate this asset due to the fact that buyer’s stamp duty as well as seller’s stamp duty is not applicable in commercial properties,” she says.

The auction on this group of properties is due on September 9.

According to the exclusive market agent Edmund Tie & Co, the land value amounts to approximately $1,720 per square foot in relation to the plot’s ratio. This includes a development fee of around $78.2 million, taking into consideration seven% additional floor.

The Botany at Dairy Farm showflat is situated close to the city centre and a mere 10-minute walk to Hillview MRT station.

As per Edmund Tie, the development has gotten the required 80% of the owners’ approval to a collective sale. It is the first time that it has achieved this despite the fact that there have been multiple attempts at a collective sale before.

Meyer Park is a seafront condominium with 60 units which was built in the 1980s. It is situated on an totaling 96,672 sq feet and has an 88m frontage that faces the ocean. According to the URA Master Plan 2019 it’s designated for residential use and has an area ratio of 2.8. With the seven% extra floor space, the total allowable gross floor area amounts to approximately 289,628 sq feet.

The development is close to it. It is on the site that is Meyer Mansion, the freehold condominium with 200 units built developed by GuocoLand that went live in September of 2019. So far the time of writing, the development has sold 165 (83%) units have been sold at Meyer Mansion at an average cost of $2,673 per square foot according to data compiled from EdgeProp LandLens and EdgeProp Research tools.

The site is also in close the vicinity of Bukit Sembawang Estates’ Liv@MB that was officially launched in May. It was able to sell 75% of its 298 units being sold on the launch weekend, at an average price of $2,387 per square foot. There have been other launches in a one-kilometer radius over the last 3 years have included the 144 unit Coastline Residences and the 55-unit MeyerHouse The Nyon, which is 92 units Nyon as well as the One Meyer. One Meyer. There are at present 474 units of condominiums and apartments within a 1-km radius within Meyer Park.

Swee Shou Fern the head of the investment advisory department of Edmund Tie, says the new development on the site will be able to accommodate 251 new homes. “[The project] is expected to be able to enjoy stunning sea views to the south, and an unobstructed view of the two-storey bungalow enclave of Mountbatten in the north.” the executive adds.

Meyer Park is within walking distance from the new Katong Park MRT Station on the Thomson-East Coast Line, which is scheduled to be completed in 2024. Other facilities in the vicinity include malls like Parkway Parade, i12 Katong, Kinex and Kallang Wave Mall as well as recreation facilities are offered in nearby East Coast Park.

The tender for the collective sale of Meyer Park will close on September 9 at 3pm.

Luxury residential sales that were not landed reached $1.1 billion during the first half of the year, falling in 43.7% from the second period of the year According to an Knight Frank report released today (July 12).

Amo Residences progress will enjoy access to good schools like Eunoia Junior College and Mayflower Pri & Sec Schools.

The first quarter of the year saw an eerily low in the range of 50.6% q-o-q in prime non-landed residential sales because of additional stamp duty increases for foreign buyers, which were introduced in December of last year. For the 2nd quarter the sales of prime non-landed residential homes improved in 29.4% q-o-q as business optimism increased and investors began to look towards Singapore as a secure haven amid the global uncertainty.

“Nevertheless there was a shortage of inventory that could be sold in the family-sized units continued hinder selling,” says Nicholas Keong the head of private office in Knight Frank. “Foreign buyers’ interests included the sale of 22 high-end apartment units located in Draycott Eight to an Indonesian family, with an estimated 168 million dollars.”

The top quantum sales continued to be a result of new projects such as Les Maisons, which was among the top three most lucrative transactions of value in 1H2022. The prices for units ranged from $4953 to $5,461 per square foot (or $34.6 million – $59.8 millions). The fourth most expensive transaction value in 1H2022 was an Resales property located at Nassim. Nassim that was sold at $20 million, which indicates “demand for large luxury units with impeccable ready-to-move-in state” Keong says. Keong.

Keong expects the demand for luxury non-landed residences, including furnished larger units that are ready for immediate occupancy. This will remain high in 2022 when international travel resumes at pre-pandemic rates.

Based on URA statistics, prices for land-based homes increased in the second quarter of 2.9%, bringing the increase up to 7.3% for 1H2022. The increase in half-yearly terms was more than 6.3% in 1H2021, regardless of the cooling measures that were implemented in December of last year.

“Transaction value for homes that were landed was $2.9 billion during 1H2022, which is a 46.9% decline from $5.4 billion during the 2H2021 period.” says the Knight Frank report.

The inconsistency between expectations of sellers and buyers and the rises in the cost of landed homes which led to slow sales in the 1H2022 period as explained by Keong. The average unit price increased to 14.5% over the past two years while the pandemic increased the demand for larger living areas.

The lackluster sales within the Good Class Bungalow (GCB) segment continued to decline from the previous year, dipping in 1H2022 by 55.3% in 1H2022 from 2H2021, due to lower economic conditions and the sellers’ resistance to price, who were unable to lower prices to meet expectations. However, top sites with appealing plot sizes were being purchased. Recently an GCB that had a land area of 34,216 sq feet located on 42 Chancery Lane was bought by the daughter-in-law of Filipino businessman Andrew Tan for $66.1 million according to Keong.

Keong anticipates that the pace of transactions will slow due to a weaker global outlook. Landed property prices rising 10% for 2022.