Skyline @ Orchard Boulevard hits new high of $5,371 psf

and Talent in Singapore Real Estate
A few condominiums hit a new psf-price low during the period in January 27 to February 3, including The Siena, a 99-year leasehold condominium in District 10. A two-bedder measuring 797 sq ft changed hands for $1.27 million ($1,588 psf) during that period, marking the lowest psf price transacted at The Siena since Senja Close EC August 2022.

Skyline @ Orchard Boulevard, a freehold luxury development in District 9, topped the list with a 3,767 sq ft, four-bedroom unit on the 31st floor selling for $20.23 million ($5,371 psf). This is the highest recorded on both absolute and psf-price bases at the 33-storey tower and beats the previous high recorded in October 2012.

Meanwhile, Leedon Residence, a freehold development by GuocoLand in District 10, recorded a four-bedder sale of $7.2 million or $2,708 psf on Jan 30. This marks the first time a unit at Leedon Residence has crossed the $2,700 psf threshold.

The 2,659 sq ft unit, located on the ninth floor, had been purchased from the developer in November 2015 for $4.81 million ($1,809 psf), which translates to a gain of $2.39 million for the seller.

In District 8, a freehold development along Tessensohn Road, off Balestier Road, also reached a new psf-price low. The 2-bedroom unit with a family area measuring 1,130 sq ft was sold by the developer at 1953 for $1.93 million ($1,706 psf) on Jan 30. This was the lowest psf price transacted at 1953 since May 2021.

Skyline @ Orchard Boulevard is a development by Far East Organization completed in 2015, with 40 units comprising two-, three- and four-bedroom apartments ranging from 1,744 sq ft to 3,767 sq ft, as well as a duplex penthouse measuring 9,494 sq ft. Leedon Residence, for its part, has 381 units spread across 12 residential blocks, with mixes of two- to five-bedders ranging from 1,044 to 8,051 sq ft.

The Siena is a development by Far East Organization completed in 2016, with a total of 54 units made up of Soho (small office, home office) apartments ranging from 538 to 980 sq ft. The development is within walking distance of the Botanic Gardens MRT Station on the Circle and Downtown Lines. 1953 has 58 apartments and 14 strata commercial units, with residential units ranging from 441 to 1,658 sq ft. All residential units at the development have been sold.

Skyline @ Orchard Boulevard is within walking distance of the Orchard MRT Station, while Leedon Residence is located along Leedon Heights, District 10. Both developments are conveniently located near amenities such as malls, food centres, and colour neighbourhoods.

Both Skyline @ Orchard Boulevard and Leedon Residence recorded new psf-price highs during the period in review, while 1953, The Siena, and another condominium reached new psf-price lows. Such prices reflect the luxury and convenience of each property, making them attractive investments to buyers.