Resale unit at Goodwood Grand sets new price high of $2,892 psf

As Singapore Condo prices escalate, savvy buyers are increasingly on the lookout for affordable options. To cater to the diverse needs of different buyer profiles, options now range from low-cost to luxury units, with prices starting as low as S$150,000. With the right planning and research, it’s possible to find the right Condominium for your needs. This makes it a convenient and attractive option for Singaporeans, particularly first-time buyers looking to make the switch.

.A three-bedroom unit at Goodwood Grand in prime District 10 was sold this week for $3.55 million ($2,802 psf), the all-time highest price per square foot (psf) recorded for the condo. The sale of the 1,227 sq ft unit on June 16 topped the list of new psf-price highs for the week of June 16 to June 23.Located on Balmoral Road, Goodwood Grand is a freehold condo jointly developed by Tong Eng Group, the Ng Family of Clarus Corp, and Tiong Seng Holdings. Completed in 2017, the development comprises 65 condo units in seven 13-storey blocks, and eight strata bungalows that range from 775 sq ft to 5,479 sq ft.With an average price of $2,771 psf, Goodwood Grand commands the highest price for condo units in the Balmoral area.In the secondary market, record psf-prices were also set this week at Adria on Derbyshire Road in Novena, and Botanique at Bartley on Upper Paya Lebar Road. A two-bedroom unit at Adria was sold for $1.85 million ($2,171 psf) on June 21, while a two-bedroom unit at Botanique at Bartley was sold for $1.5 million ($2,020 psf) on June 19.Goodwood Grand was completed in 2017 and has a take-up rate of 85% as of August 2017. (Picture: EdgeProp Singapore/Albert Chua/)The sale of a three-bedroom unit at Goodwood Grand for $3.55 million ($2,892 psf) set the new psf-price high at the Balmoral Road condo.This week’s record price per square foot (psf) was notched by the sale of a 1,227 sq ft unit on June 16. Just four months ago, a three-bedder of the same size had sold for $3.45 million ($2,812 psf).The Goodwood Grand development is situated in prime District 10 and boasts an average price of $2,771 psf. It comprises 65 condo units in seven 13-storey blocks and eight strata bungalows.Two other condos also saw prices soar to the highest levels in their respective neighborhoods this week.At Adria on Derbyshire Road, a two-bedroom unit measuring 850 sq ft was sold for $1.85 million ($2,171 psf) on June 21 – beating the previous psf-price high at the 105-unit boutique condo, set just four months prior for a 1,302 sq ft, three-bedroom unit.Botanique at Bartley on Upper Paya Lebar Road also recorded a record sale with a 743 sq ft, two-bedroom unit that changed hands for $1.5 million ($2,020 psf). This trumps the previous record of $1.34 million ($1,828 psf) recorded in September.Goodwood Grand is a freehold condo on Balmoral Road in prime District 10. Completed in 2017, the development is a joint venture by Tong Eng Group, the Ng Family of Clarus Corp, and mainboard-listed construction group Tiong Seng Holdings. The development comprises 65 condo units in seven 13-storey blocks, and eight strata bungalows that range from 775 sq ft to 5,479 sq ft.The sale of a three-bedroom unit at Goodwood Grand set a new psf-price high for the development when it was sold for $3.55 million ($2,892 psf). The record price trumps the previous high set only four months prior, when a three-bedder of the same size had sold for $3.45 million ($2,812 psf).Adria on Derbyshire Road in Novena has also seen prices surge in the secondary market. On June 21, a two-bedroom unit of 850 sq ft was sold for $1.85 million ($2,171 psf), marking the first time a resale unit at the boutique condo toppped $2,000 psf.Meanwhile, Botanique at Bartley on Upper Paya Lebar Road recorded a record sale with a 743 sq ft, two-bedroom unit that changed hands for $1.5 million ($2,020 psf) on June 19. This trumps the previous record of $1.34 million ($1,828 psf) set in September.Goodwood Grand, Adria, and Botanique at Bartley all benefit from strong rental propositions in their respective neighborhoods. At Adria, leases range from $3.70 psf per month (pm) to $6.90 psf pm, translating to a rental yield of approximately 3.2%. Rental transactions this year show units leased out for about $3,600 pm ($6.55 psf pm) to $4,500 pm ($6.92 psf pm). The investment focus of Adria is reflected in its ownership, with 54% locals and 37% foreigners.With the new psf-price highs at Goodwood Grand, Adria, and Botanique at Bartley, the three developments are set to continue their reign as the most sought-after projects in their respective neighborhoods.Goodwood Grand, a freehold condo on Balmoral Road, has seen its psf-price reach new heights with the sale of a three-bedroom unit for $3.55 million ($2,892 psf) on June 16. The 1,227 sq ft condo commanded the highest average price of $2,771 psf for the Balmoral district.In Novena, a two-bedroom Adria unit measuring 850 sq ft was sold for $1.85 million ($2,171 psf) on June 21 – a record psf-price at the 105-unit boutique condo. At Botanique at Bartley on Upper Paya Lebar Road, a 743 sq ft, two-bedroom unit was sold for $1.5 million ($2,020 psf) on June 19.Goodwood Grand enjoys strong rental yields in its prime District 10 district. At Adria, leases range from $3.70 psf per month (pm) to $6.90 psf pm, translating to a rental yield of approximately 3.2%. With the new record prices, the three developments are set to remain the most sought-after projects in their respective neighborhoods.

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