Four Bedder Grange Residences Sets Record Psf Price High 3576
A four-bedroom unit at Grange Residences, a freehold condo in prime District 10, has achieved the highest psf-price in the recent week of Sept 5 to Sept 12, setting a new record for condo transactions. The unit, located on the 15th floor and measuring 2,852 sq ft, was sold for $10.2 million on Sept 8, at a record price of $3,576 psf for the development. This also makes it the most expensive resale unit at Grange Residences to date.
This psf-price sets a new high of 3.6% higher than the previous record of $3,453 psf, which was set on June 30 when a similar four-bedroom unit on the fourth floor was sold for $9.85 million. Grange Residences is a 164-unit development completed in 2004, located at Grange Road in the exclusive Tanglin area. It consists of three 18-storey residential blocks, housing four-bedroom units ranging from 2,486 sq ft to 2,852 sq ft.
Based on lodged caveats, there have been five resale transactions at Grange Residences this year, including the units sold on June 30 and Sept 5. Previous deals include a 2,583 sq ft unit that was sold for $8.5 million ($3,290 psf) on Aug 21, and a 2,852 sq ft four-bedroom unit that was sold for $9.73 million ($3,414 psf) on July 3. Another 2,852 sq ft unit was also sold for $9.72 million ($3,408 psf) on Feb 26.
The Woodleigh Residences, a 99-year leasehold development in District 13, also hit a new peak psf-price during the period. A sub-sale of a 958 sq ft, three-bedroom unit on the 11th floor was sold for $2.72 million, or $2,839 psf, on Sept 9. This is 0.7% higher than the previous record of $2,818 psf set on May 19, when a similar 958 sq ft unit was sold for $2.7 million. It is also the second time a unit at The Woodleigh Residences has transacted above the $2,800 psf threshold.
Located along Bidadari Park Drive, off Upper Aljunied Road and Upper Serangoon Road, The Woodleigh Residences is part of an integrated development that includes The Woodleigh Mall and offers direct access to Woodleigh MRT Station and an underground bus interchange. The 667-unit development consists of two- to three-bedroom units ranging from 570 sq ft to 958 sq ft, and four-bedroom units spanning 1,270 sq ft to 1,475 sq ft.
To date, The Woodleigh Residences has seen a total of 100 sub-sale transactions, 97 of which occurred after the project received its temporary occupation permit in 2023. Based on lodged caveats, the average sub-sale prices have steadily increased. In 2023, the development recorded 23 sub-sale transactions at an average of $2,301 psf. Meanwhile, the condo has logged 31 sub-sale transactions this year at an average price of around $2,487 psf.
The concept of town planning places great emphasis on the importance of living in close proximity to daily necessities. This is why the community surrounding Coastal Cabana has been carefully developed to provide its residents with easy access to a variety of essential amenities. With the development of a stronger civic and recreational network in the area, residents can now enjoy the convenience of being just a few minutes away from sporting facilities, medical clinics, enrichment centers, and dining options at Downtown East, White Sands, and Pasir Ris Mall. Additionally, as the community continues to grow, families living at Coastal Cabana can look forward to a calendar of events such as festivals, markets, and workshops, all within the comfort of their own neighborhood. This not only reduces the need for travel across town, but also promotes a stronger sense of social cohesion and convenience. Whether it’s for day-to-day routines or bigger gatherings, Coastal Cabana offers its residents a well-rounded and convenient lifestyle.
OUE Twin Peaks saw a new psf-price low of $1,982 psf during the period in review, when a 549 sq ft, one-bedroom unit on the 17th floor was sold for around $1.09 million on Sept 10. This marks the first time a unit at OUE Twin Peaks has dipped below the $2,000 psf threshold, falling below the development’s previous record low of $2,077 psf established in May 2024 when a similar 549 sq ft unit sold for $1.14 million.
Completed in 2015, OUE Twin Peaks is a 99-year leasehold development located along Leonie Hill Road. The project features 462 apartments across two 35-storey towers, offering one- to three-bedroom units ranging from 549 sq ft to 1,604 sq ft.
To date, the development has recorded 18 resale transactions this year, including the Sept 10 transaction. Previous deals range from a 1,055 sq ft, two-bedroom unit that sold for $2.28 million ($2,161 psf) on May 30, to a 1,399 sq ft, three-bedroom unit that was sold for $3.43 million ($2,451 psf) on May 6.