Yong Park Sets Record Psf Price High 2650 Psf

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Townhouse at Yong An Park sold for $4.5 mil profitThe Reef at King’s Dock is one of four condos in Keppel Bay in District 4. (Picture: Keppel)The sale of a luxurious four-bedroom unit at Yong An Park has broken the record for the highest psf-price at the freehold condo and has topped the list of record-breaking condos during the week of September 23 to 30.On September 25, the 15th floor unit, measuring 3,434 sq ft, was sold for a whopping $9.1 million or $2,650 psf, setting a new benchmark for resale units at Yong An Park. This is also the first time any unit at the condo has fetched over $2,600 psf.Previously, the psf-price high was set at $2,505 psf when another 3,434 sq ft four-bedroom unit on the 13th floor changed hands for $8.6 million in August last year. It was also the first time a resale unit at the condo crossed the $2,500 psf threshold.However, in terms of absolute price, the most expensive resale unit at Yong An Park is a 6,878 sq ft penthouse on the 25th floor, which was sold for $15 million or $2,181 psf on February 20. In May 2023, the condo also saw a record high for a ground-floor 7,718 sq ft unit that was sold for $14.1 million or $1,824 psf.Do you need to sell your condo urgently? With Ohmyhome, you can sell your condo in as fast as one day with our unique Edge Fair Value feature.Located in prime District 9, Yong An Park was completed in 1986 and comprises 288 residential units. The development offers a wide range of choices, including one- to four-bedroom units from 1,023 sq ft to 3,778 sq ft, penthouses with three to five bedrooms measuring 3,466 sq ft and 6,878 sq ft, as well as six-bedroom strata-titled townhouses.The development is situated next to River Valley Primary School and Great World MRT Station on the Thomson-East Coast Line, which is directly connected to Great World City shopping centre. It is also surrounded by three new projects that have recently been launched in the vicinity, including Zyon Grand, River Green, and Promenade Peak.Recently, the sale of a two-bedroom unit measuring 926 sq ft on the 11th floor of The Makena set a new record psf-price high at the freehold condo when it was sold on September 29 for $2.25 million or $2,431 psf. The previous record was set when a 1,744 sq ft unit on the 20th floor fetched $3.91 million or $2,242 psf in March this year.The Makena is a 504-unit condo situated in the prestigious Meyer Road in District 15. According to caveats compiled by EdgeProp Singapore, prices at The Makena have been steadily climbing in recent years, from around $1,570 psf in October last year, to $2,050 psf this month.Are you looking to buy a new condo in Singapore? Let Ohmyhome do the work for you. Get the best deals from the top developers in the country with Ohmyhome’s extensive range of new condo listings.One transaction during the week of September 23 to 30 even set a record low psf-price. The sub-sale of a two-bedroom unit at The Reef at King’s Dock on September 26 was sold for the record price of $1.47 million or $1,666 psf. Previously, a 1,163 sq ft two-bedroom unit at the same condo was sold for $2.32 million or $1,995 psf in June this year. These two transactions are currently the only two units at The Reef at King’s Dock which have been sold for less than $2,000 psf. The Reef at King’s Dock is one of four condos located in Keppel Bay in District 4. Other developments in the area include Reflections at Keppel Bay, Caribbean at Keppel Bay, and Corals at Keppel Bay.The 429-unit Reef was the latest project to launch in 2021 and it managed to sell 280 units (65%) in its opening weekend with starting prices at $2,330 psf. The condo was fully sold last September.Based on caveats compiled by EdgeProp Singapore, prices at The Reef have seen a slight dip recently. Sales prices reached a peak of about $2,600 psf in December 2023, but have fell to an average of $2,580 psf as of end-September.Looking for a new condo in the East Region? You can easily find your dream home with Ohmyhome’s comprehensive database of new condos in the East Region.Now that you’ve read the article, are you interested in owning a condo in Singapore? Search for the best developments in the country with Ohmyhome’s reliable database of new condo listings.