The Scala achieves new high of $1,816 psf
The Scala which is located along Serangoon Avenue 3 and near Lorong Chuan MRT station is a 99-years’ leasehold condo proudly constructed by reputable real estate developers Hong Leong Holdings, TID and Hong Realty. This Serangoon condo which is completed in 2K13 topped the chart between Sept 10 to 12 Among the list of condos that saw a new psf-price record attained. A new psf-price high of $1,816 was attained eventually with the sale of a 474 sq ft, one-bedroom apartment for $860,000 on Sept 12. The one-bedroom seller had acquired the unit successfully in January 2K16 for $715,000 ($1,510 psf), raking in a hefty profits of $145,000 on the transaction. The Scala with this transaction signified the first time a unit that to surpass the $1,800 psf benchmark. The previous record was triumphed for the condo obtained on June 30 after a two-bedroom unit with measurement of 829 sq ft exchanged hands for $1.5 million, or $1,789 psf. This Serangoon condo sits on a land size of 135,650 square fee with seven blocks housing t total of 468 units with multitude configuration ranging from one- to four-bedders with measurements 474 to 2,142 square feet. The Cosmo condo, off Guillemard Road in District 14, is a freehold condo within walking distance to the Mountbatten railway Station. This freehold Guillemard condo located at Guillemard Crescent, also secured a record psf-price peak during the interval period in review at $1,808 with the sale of 398 sq ft, one-bedroom apartment for $720,000 on Sept 11, which translate to $1,808 psf. the previous record of $1,695 psf secured in May 2K12 after a 398 sq ft unit exchanged hands for $675,000 was exceeded, marking the first time a unit at Cosmo to triumphed the $1,800 psf record. The unit which transacted on Sept 11 is the first apartment at Cosmo to transact this year. the most recent resale transaction previously secured in August 2K22, when a 667 sq ft unit fetched $1.06 million. Bukit Regency, situated along upper bukit timah in District 21 and completed in 1995, is a freehold condo proudly developed by Allgreen Properties. This freehold bukit timah condo also secured a new record psf price. This follows a transaction on Sept 12, when a three-bedroom apartment measuring 1,399 sq ft transacted for $2.3 million, or $1,669 psf. The previous psf-price high record at Bukit Regency was secured by the sale of a 947 sq ft, two-bedroom unit for $1.6 million ($1,657 psf) on June 7. Bukit Regency comprises of six towers which house a total 224 units units configuration from two- to four-bedders measuring between 926 to 1,701 sq ft. The seller of the unit had previously successfully purchased it in January 1999 for $760,000 ($543 psf). This means they churned a gross gain of $1.575 million from the deal, making it the most profitable transaction record to date at Bukit Regency, based on data compilation on the web.