Goodwood Residence reaches new height of $2,988 per square foot

Goodwood Residence, a freehold condominium in District 10, topped the list for new condo psf price highs from Sept 19 to Oct 3. On Sept 27, the condo sold a five-bedroom, 10,710 square foot penthouse. The sale price was $32million. They had bought the property in June 2014, for $15.6 million (1.457 psf), and made $16.4 million profit on its sale. The original penthouse floorplan, according to EdgeProp Research, shows five bedrooms, dedicated wine rooms, and roof terrace.

This is the 6th transaction at this condo in the year. In June, a two-bedroom unit measuring 2497 square feet was bought for $7.15million. This transaction beats out the previous condo high, which was $2,940 per square foot, set in November 2017 when a 4-bedder sold for $7.5 Million.
Guocoland’s Goodwood Residence Development completed the development of Goodwood Residence in 2013, which is located along Bukittimah Road. This condo was built by the local architectural firm Woha and has 210 apartments. EdgeProp LandLens reports that 38.6% are Singaporeans. The remaining 24.3% of buyers are foreigners.

Buckley Classique in District 11 on Buckley Road, Novena also experienced a new high psf price after a three-bedroom 1410 square foot unit was sold for $3.25m ($2,305psf). This occurred on September 21. In April 2013, a two-bedroom unit measuring 1,410 square feet sold for $3.24million ($2,300 per sqft).

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The condo saw its third sale this year. In February a 4,063 sq ft, four-bedder was sold for $6.48m ($1,819 per square foot). In July, a 1,475 square foot three-bedder sold for $3.2 Million ($2,170 per sqft).

Buckley Classique, developed by City Developments in 2014, was completed. This condo comprises 64 units with between 1 098 and 4 359 square feet. Singaporeans make up the majority of buyers, with 60%.

Park Place Residences in Paya Lebar Quarter saw the highest psf price during the review period. A 484 square foot one-bedder sold on September 29 for $1.18million, a record high in the 99-year leasehold condominium. The price per sqft was $2442. In April 2018 the seller purchased the property for $1.005m, which means that they earned a profit on sale of $178,000.

This transaction is higher than the previous record of $2,427 per square foot recorded in July of last year when a two-bedroom apartment measuring 667 sq. ft. was sold for $1.62million. According to caveats filed in the last 12 months, 20 condo units in District 14 have been sold for an average of $2156 per square foot.

The condo, developed by Lendlease in 2019, was finished. The condo consists of a total 429 units, ranging from one to three bedrooms spanning 474 to 1,367 square feet. This condo is part PLQ. An integrated development, PLQ includes a mall and three office towers that have almost 1 million square feet of Grade A space.

The condo has excellent connectivity with direct access from the East-West Line Paya Lebar MRT Station. This project, which cost $3.7billion and covers over 4ha land, was completed in 2009.

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