Four Bedroom Unit Balmoral Hills Sets New Price High 2651 Psf
During the week of Mar 28 to Apr 4, Balmoral Hills, a freehold condo, took the top spot for apartments and private condos that saw new psf-price highs. On April 1, a 1,841 sq ft, four-bedroom unit on the fifth floor was sold for $4.88 million, setting a new record of $2,651 psf. This surpasses the 2019 record of $2,128 psf by 12.4%. The unit sold also set a new record for the highest absolute price at Balmoral Hills, surpassing the previous benchmark of $4.65 million set in November 2019 when a four-bedroom penthouse was sold.
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Completed in 2008, Balmoral Hills is a 62-unit condo along Balmoral Park in prime District 10. It offers a mix of three-bedroom units measuring 1,389 sq ft and four-bedroom units ranging from 1,841 sq ft to 2,347 sq ft. The development also features six penthouses, sized between 2,690 sq ft and 3,175 sq ft. Residents can enjoy a range of facilities such as a swimming pool, barbecue pit, children’s playground and gymnasium.
Balmoral Hills has seen an average of just one transaction per year since 2022. In January last year, a single unit changed hands – a 1,389 sq ft three-bedroom apartment that sold for $3.26 million, translating to $2,348 psf.
The second spot on the list goes to Claydence, a freehold project that achieved a new price peak of $2,349 psf through the sale of a 1,313 sq ft, three-bedroom unit on the third floor for $3.09 million on April 4. The previous price record of $2,301 psf was set in December last year, when a neighbouring three-bedroom unit on the same floor was sold for $2.77 million.
Located on the corner of Still Road and Koon Seng Road in District 15, Claydence is a 28-unit freehold project that offers a mix of one- to three-bedroom layouts from 614 sq ft to 1,313 sq ft. It also features four duplex penthouses, with sizes ranging from 980 sq ft to 2,185 sq ft. Developed by Hong How Land, a 60-40 joint venture between Hong How Corp and Marrion Capital, the project has sold seven units (25%) at an average price of $2,304 psf since its launch in February 2023. It is within walking distance of Eunos MRT Station on the East-West Line and is near reputable schools such as CHIJ (Katong) Primary, CHIJ Katong Convent, Ngee Ann Primary School, Kong Hwa School, Tanjong Katong Primary and Secondary Schools and Tanjong Katong Girls’ School.
Rounding off the top three condos that recorded new price peaks during the week is Botanique at Bartley. The 99-year leasehold project took the third spot by achieving a new price high of $2,269 psf. The record price came from the sale of a 926 sq ft, three-bedroom unit on the seventh floor for $2.1 million on April 4. This surpassed the previous record of $2,128 psf by 6.6%, which was achieved last October when a 958 sq ft, three-bedroom unit on the 14th floor was sold for $2.04 million.
Developed by UOL, the 797-unit Botanique at Bartley features nine residential towers along Upper Paya Lebar Road in District 19. Completed in 2019, it offers a mix of one-bedroom units ranging from 495 sq ft to 689 sq ft, two-bedroom units from 657 sq ft to 958 sq ft and three-bedroom units from 926 sq ft to 1,356 sq ft. It boasts over 40 facilities, including five swimming pools, two clubhouses, a tennis court, a putting green, a barbecue pavilion and a gymnasium. Located within walking distance of Bartley MRT Station along the Circle Line, it is also near schools such as Canossa Catholic Primary School, Cedar Primary School, Maris Stella High School (Primary and Secondary) and Paya Lebar Methodist Girls’ School (Primary and Secondary).