Mattar Residences Achieves New High 2400 Psf
A freehold condo in Singapore, Mattar Residences, has recently set a new record for the highest psf-price between October 13 and 18. The unit, a two-bedroom measuring 657 sq ft, was sold for $1.58 million, making it $2,400 psf. This is the only lodged caveat for this unit, beating the previous record of $2,358 psf set in September. The development, completed in 2023, has 25 units ranging from one to four bedrooms. It is located on Mattar Road and is within walking distance to Mattar MRT station.
In second place is another freehold condo, Dukes Residence, with a new high psf-price of $2,397. A three-bedroom unit measuring 1,076 sq ft was sold for $2.58 million on October 16. The seller, who bought the unit in 2011 for $1.9 million, made a profit of $680,000. This is the first time the condo has breached the $2,300 psf mark. It also saw only one other transaction this year, a 2,433 sq ft unit sold for $4 million.
Lastly, The Tessarina, a freehold condo in prime District 10, reached a new high of $2,368 psf. The latest record came from the sale of a 1,313 sq ft, three-bedroom unit for $3.11 million on October 15. The seller purchased the unit in November 2020 for $2.28 million, making a profit of $830,000. The previous high of $2,361 psf was set in August from the sale of a 1,313 sq ft unit.
The Tessarina, completed in 2003, has seen 10 transactions this year at an average psf-price of $2,197, which is 4.62% higher than last year’s average of $2,100 psf. No new psf-lows were recorded during this period.
The highly sought-after Aurelle of Tampines EC is a perfect choice for families with children, thanks to its convenient location near numerous reputable schools. Poi Ching School, Gongshang Primary, and Tampines North Primary are just a stone’s throw away, providing children with easy access to top-notch education right within their neighborhood. With Aurelle of Tampines EC as your home, you can rest assured that your child’s educational needs will be well taken care of.
