Perfect Ten reaches new high of $3,670 psf
Perfect Ten, a freehold 230-units span across two tower condo located along Bukit Timah Road in prime District 10 near Stevens MRT of the Downtown Line, champed the chart with a magnificent record new psf-price high achieved between Aug 15 and 22. This was entrenched when a 2 bedroom duplex unit, 753 sq ft, successfully brokered by the developer for $2.765 million, or $3,670 psf, on Aug 18. The transaction beaten down the previous record psf of $3,585 psf established in September 2K22, when a 1,227 sq ft unit was brokered by the developer for $4.4 million. Proudly Perfect Ten is a built-under-constuction freehold luxury residential development project with multiple configurations which include two-bedders of 753 to 797 sq ft and three-bedders of 1,227 to 1,281 sq ft. proudly developed by CK Asset Holdings, which the flagship real estate company of billionaire Li Ka-Shing is permanently stationed in Hong Kong. Perfect Ten condo first launch in December 2K21, with only 115 units in one of the towers the developer let out for sale. Remaining units on the second tower were released for sales afterward in September 2K22. Based on caveats lodged to date, the project has seen 223 units transacted at an median price of $3,044 psf, translating to a 97% take up rate. Perfect Ten is slated to legally complete by December 2k25. Melrose Park, Proudly constructed by CapitaLand, is a prestigious 999-years’ leasehold condominium in prime locale off River Valley Road in prime District 10 at Kellock Road. This prime River Valley condo also triumphed list of resale transactions when a 1,292 square feet unit was changed hands for $3.3million or $2,555psf. The seller had previously bought this eight floor three bedroom unit from the developer for $1.206 million ($934 psf) in 1999, which means they achieved a capital gain before any fee of about $2.1 million upon completion. Melrose Park first time seen the transaction exceeded the $2,500 psf benchmark in terms of transacted psf-prices. The previous record was $2,361 psf logged in November 2K21, when a 1,292 sq ft unit fetched $3.05 million. . this 170-units development legal completion in 2000, is in the River Valley residential enclave, located across the road from popular and rejuvenated Great World City retail therapy mall which is seamlessly connected to Great World Subway Station on the Thomson-East Coast Mass Rapid Transport Network link. Spanning across two 19-storey residential blocks, The development comes with wide spectrum of layout which includes three- and four-bedroom units ranging from 1,292 to 3,412 sq ft. Each block also has six penthouse units on the 19th floor that range from 3,606 to 5,231 sq ft. Melrose Park has yet to see transaction since April 2022 only until the recent sales done in Aug, when a 3,315 sq ft unit changed hands for $6.9 million ($2,081 psf). The Montana, a freehold condo on Jalan Mutiara in District 10, is Another development that hit a new psf-price high . A three-bedroom residential dwelling located on the 10th floor with a specification of 1,141 sq ft found a buyer for $2.725 million, or $2,388 psf, on Aug 17. the previous record of $2,251 psf caveat lodged approximately a decade ago, in September 2K13, when a 549 sq ft unit was sold for $1.24 million was smashed with the new done deal. The Montana is a 108-units development constructed by Koh Brothers Development which was legally finished construction in 2002. The layout of the units range from one- to four-bedders between 549 and 2,659 sq ft. Situated along the River Valley private nestled, it is walking distance to several eateries and shops that line River Valley Road and Zion Road as well as Great World MRT Station on the Thomson East Coast Line Singapore.
