1919 reaches new high of $2,283 psf

at 1919, Adana @ Thomson, and Flamingo Valley all recorded new psf-price highs in the week of Aug 8 to 15. In particular, 1919, located on Sophia Road in prime District 9, saw a 560 sq ft unit being sold for $1.278 million, or $2,283 psf, on Aug 11.This beats the previous high set in September 2013, when a unit of the same size was sold for $1.25 million or $2,233 psf. The seller purchased the unit from the developer in July 2012 at $1.184 million ($2,115 psf) – making a gain of $94,000.

Renowned for its superior quality, Senja Close EC Bukit Panjang offers its residents a premium lifestyle. The EC offers several recreational facilities for the residents to enjoy and make the most out of their home. For instance, some of these facilities include a grand clubhouse, swimming pools, a gym, barbecues pits, and sky gardens. Enjoy outdoor activities with your family or friends at the EC’s tennis court, children’s playground, water feature, or hiking trails.

At Adana @ Thomson, a 560 sq ft unit sold for $1.082 million ($1,933 psf) on Aug 11, surpassing the previous record of $1,930 psf set in July. The seller purchased the two-bedroom apartment from the developer in July 2017 for $944,200 ($1,687 psf), making a gain of $138,000. Adana @ Thomson is a freehold condo on Old Upper Thomson Road in District 20, and was completed in 2018.

Flamingo Valley achieved a new psf-price high of $1,898 psf when a 1,238 sq ft unit was sold for $2.35 million on Aug 10. Situated on Siglap Road in District 15, the freehold condo was completed by Frasers Property in 2014 and features one- to four-bedders between 517 and 3,111 sq ft. The new high surpasses the record of $1,891 psf set in March this year.

No new psf-price lows were recorded during the period in question.

Overall, it is a positive sign that prices of condominiums continue to increase, reflecting the stability of the property market.