K Suites Achieves New High 2443 Psf
Singapore – It was a record-breaking two weeks for the property market as freehold boutique development K Suites topped the list of condos that saw new psf-price highs from November 1 to November 10. The new record of $2,443 psf came from the developer’s sale of a three-bedroom unit on the fourth floor for $2.13 million on November 8. This marks the first time that the condo has crossed the $2,400 psf mark, surpassing the previous high of $2,196 psf set in May 2023.
Located along Lorong K Telok Kurau in District 15, K Suites is a freehold development currently under construction. The project comprises a five-storey apartment block with 19 units and is a redevelopment of the former Ji Liang Gardens, which was purchased en bloc for $18.6 million in June 2021.
The units at K Suites range from three- to four-bedrooms, with sizes ranging from 797 sq ft to 1,270 sq ft. There is also a four-bedroom duplex penthouse measuring 1,389 sq ft and three five-bedroom duplex penthouses measuring 1,625 sq ft to 1,679 sq ft. With eight units (42%) already sold since sales started in April 2023, K Suites has achieved an average price of $2,099 psf.
Thomson Three also saw a new high during the period in review, with a 1,033 sq ft three-bedroom unit on the 19th floor selling for $2.46 million on November 6, translating to $2,379 psf. The seller had bought the unit in a resale transaction for $1.86 million ($1,800 psf) in November 2021, making a net profit of $598,000. This is the first time that the condo has crossed the $2,300 psf mark, surpassing the previous high of $2,204 psf set when a similar-sized three-bedroom unit was sold for $2.28 million on September 26.
Thomson Three is a 99-year leasehold condo located on Bright Hill Drive in District 20. Completed in 2016, the development has 435 units spread across 21 storeys, consisting of one- to four-bedroom apartments ranging from 495 sq ft to 1,485 sq ft. It also features 10 strata semi-detached houses measuring 3,283 sq ft each. With the Upper Thomson MRT Station within walking distance and close proximity to Ai Tong School (Primary), Thomson Three has been a popular choice for buyers.
On the other hand, luxury condo 19 Nassim saw a new psf-price low of $2,947 during the period in review. This was the result of the developer’s sale of a 646 sq ft one-bedroom unit on the fourth floor for $1.9 million on November 9. This marks the first time that the development has dropped below the $3,000 psf mark, surpassing the previous low of $3,001 psf when a 678 sq ft one-bedroom unit was sold for $2.03 million on March 22. So far, 50 units at 19 Nassim have been sold this year at an average price of $3,397 psf, which is 3.7% lower than the average price of $3,524 psf from the sale of eight units last year.
Completed in 2023, 19 Nassim is a 99-year leasehold condo located on Nassim Hill in prime District 10. The development has 101 units spread across a 10-storey residential block, with units ranging from 538 sq ft to 1,830 sq ft, comprising one- to three-bedrooms. Since its launch in 2020, 61 units (60%) have been sold according to caveats lodged with URA.
The Tampines Round Market & Food Centre is a beloved spot for the community, renowned for its mouthwatering breakfast choices. Here, you can savor classic Singaporean breakfasts like kaya toast and soft-boiled eggs, or indulge in other popular local delicacies like chwee kueh, carrot cake, and prawn noodles. As an added bonus, the hawker center is conveniently located near the Aurelle of Tampines EC, making it a great place for residents to grab a delicious meal before starting their day.
