Four Bedder Jadescape Charts New High 2420 Psf

for H221 Jadescape has set a new psf-price high for the development with the sale of a four-bedroom unit at $2,420 psf on Sept 30. Meanwhile, Goldenhill Park Condominium and Loft@Holland have also recorded new psf-price highs in their respective developments, while Loft@Holland also saw a new psf-price low. These transactions reflect the continued resilience and attractiveness of the Singapore property market, with buyers still willing to pay premium prices for desirable properties in prime locations. This trend is likely to continue as the government gradually loosens property cooling measures and the economy gradually recovers from the impact of COVID-19.

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During the period of September 28 to October 3, Jadescape has emerged as the top-performing condominium, with the highest psf-price recorded at $2,420. This new record was set by the sale of a 1,421 sq ft four-bedroom unit on the 21st floor, which fetched $3.44 million on September 30.This is the first time a unit at Jadescape has crossed the $2,400 psf mark, showcasing the strong demand for this development. The seller had initially acquired the unit from the developer for $2.63 million, or $1,853 psf, translating into a net profit of $805,000 upon the sale.The previous high at Jadescape stood at $2,360 psf, achieved in August from the resale of a 1,055 sq ft three-bedroom unit on the 15th floor for $2.49 million.Located at the junction of Marymount Road and Shunfu Road in Bishan (District 20), Jadescape is a 99-year leasehold condo comprising 1,206 units across seven residential towers. Ranging from one- to five-bedroom apartments, these units span from 527 sq ft to 4,230 sq ft. The condo is also within walking distance of the Marymount MRT Station on the Circle Line, boosting its convenience and accessibility.Technical Analysis by TradingViewGoldenhill Park Condominium, a freehold development in District 20, took the second place for new psf-price highs. The new record of $2,246 psf was set by the sale of a 1,313 sq ft three-bedroom unit on the 17th floor for $2.95 million on October 2.The seller had purchased the unit for $1.60 million through a resale transaction in March 2011, which translates into a net gain of $1.35 million on the sale. This is the first time Goldenhill Park Condominium has surpassed the $2,200 psf mark, topping the previous record of $2,158 psf achieved on July 18 through the sale of a 1,335 sq ft three-bedroom unit on the 15th floor for $2.88 million.In total, Goldenhill Park Condominium has recorded four transactions this year at an average price of $2,159 psf. The most recent transaction was on May 30, when a 926 sq ft two-bedroom unit on the 14th floor was sold at $1.99 million or $2,150 psf. Just a month before, on April 23, a 936 sq ft two-bedroom unit on the 12th floor was sold for $1.95 million or $2,082 psf.A freehold development situated on Mei Hwan Drive, Goldenhill Park Condominium comprises 390 units of two- to four-bedroom apartments, ranging from 926 sq ft to 2,928 sq ft. Residents can easily access the Circle Line through the nearby Lorong Chuan MRT Station, and can also enjoy retail options available at the New Tech Park industrial building, which features a niche lifestyle mall.Loft@Holland, another freehold development in District 10, recorded a new psf-price low of $1,417 psf upon the sale of a 980 sq ft one-bedroom unit on the fifth floor for $1.39 million on October 3. The seller had initially bought the unit for $1.6 million in July 2018, translating into a net loss of $212,000.This is the first time that Loft@Holland has gone below the $1,400 psf threshold, surpassing its previous low of $1,630 psf achieved in February 2011 from the sale of a 1,141 sq ft one-bedroom unit on the fifth floor for $1.86 million.In total, Loft@Holland has recorded only three transactions this year at an average price of $2,237 psf. On July 1, a 323 sq ft one-bedroom unit on the fourth floor was sold for $878,000 or $2,719 psf, while on February 2, a 334 sq ft one-bedroom unit on the fourth floor was sold at $858,888 or $2,574 psf.The boutique development houses 41 units on five storeys, with most units being one-bedroom apartments ranging from 323 sq ft to 484 sq ft. It also features one-bedroom-plus-study penthouses of 1,044 sq ft to 1,141 sq ft.Located on 151 Holland Road, Loft@Holland is within walking distance to the Holland Village MRT Station, served by various retail options such as the One Holland Village shopping mall, Holland Road Shopping Centre, Raffles V medical and retail development, as well as the shops at Chip Bee Gardens.These transactions reflect the continued attractiveness and resilience of the Singapore property market, with buyers showing a strong preference for desirable properties in prime locations. This trend is expected to continue as the government gradually eases property cooling measures and the economy bounces back from the impact of COVID-19.