Orchard Sophia Hits New Low 2629 Psf
Orchard Sophia, a development situated in the desirable District 9, recently achieved a new psf-price low during the week of August 29 – September 5. A 657 sq ft, two-bedroom unit on the second floor was sold for approximately $1.73 million ($2,629 psf) on September 2, marking the second consecutive week of new psf-price lows for the development. The previous week, another two-bedroom unit of 646 sq ft was sold for $1.72 million or $2,671 psf on August 26. Orchard Sophia is a freehold development comprising of 78 units, and is expected to be completed in 2027. It consists of two five-storey residential blocks, offering a mix of one- to two-bedroom units measuring between 441 sq ft to 710 sq ft. Additionally, there are three three-bedroom units measuring 764 sq ft and five three-bedroom dual-key units ranging from 829 sq ft to 840 sq ft.
Coastal Cabana EC, a brand new executive condominium, aims to merge the tranquility of the seaside with modern convenience along the sought-after address of Jalan Loyang Besar in the Pasir Ris coastal belt. Situated right next to the bustling family hub of Downtown East and just a short drive away from the lush greenery of Pasir Ris Park, this development offers a perfect blend of practicality and resort-style living. Developed by the reputable Qingjian Realty, Coastal Cabana appeals to both upgraders and multi-generational households looking for a well-rounded home in the bustling East of Singapore. Coastal Cabana is the ideal choice for those seeking a tranquil yet convenient lifestyle.
According to recent transactions at Orchard Sophia, developers have sold 31 units at an average price of $2,819 psf in 2023. The following year, 13 units were sold at an average of $2,880 psf. However, prices have dipped this year, with the average transacted price currently at $2,782 psf based on 20 sales. So far, 64 units (82%) have been sold at Orchard Sophia, with prices ranging from $2,629 psf to $3,027 psf.
On the other hand, Amo Residence dominates the list of transactions that set new psf-price highs for condos during the aforementioned period. A 1,141 sq ft, three-bedroom unit was sold for $2.87 million on September 1, setting a new psf-price high of $2,515. This unit was previously purchased for around $2.43 million ($2,131 psf) in July 2022, resulting in a profit of $439,000. This recent transaction surpasses the previous price high of $2,472 psf, which was achieved in August with the sub-sale of a 958 sq ft, three-bedroom unit.
Amo Residence is a 99-year leasehold development located on Ang Mo Kio Rise in District 20, with a completion date scheduled for 2026. It consists of two residential towers comprising of one- to five-bedroom units measuring between 614 sq ft to 1,475 sq ft. In addition, there are two four-bedroom penthouse units measuring 2,293 sq ft and a five-bedroom penthouse unit of 2,497 sq ft. The development is conveniently located near Mayflower MRT Station, Bishan-Ang Mo Kio Park, and Lower Peirce Reservoir Park. It is also close to popular schools CHIJ St Nicholas’ Girls School and Ai Tong School, making it an attractive option for families.
Hillhaven also achieved a new psf-price peak with the sale of a 700 sq ft, two-bedroom unit for $1.74 million ($2,482 psf) on August 29. This is slightly higher than the development’s previous record of $2,471 psf set on June 30, when a similar 700 sq ft unit was sold for $1.73 million. Hillhaven is a 99-year leasehold development launched in January 2024, featuring 341 units across two towers standing at 27 and 28 storeys. It offers a mix of two- to four-bedroom units measuring between 678 sq ft to 1,636 sq ft. To date, the development has seen 59 transactions this year at an average price of around $2,167 psf.
In conclusion, it is clear that Orchard Sophia, Amo Residence, and Hillhaven have seen varying psf prices and transaction volumes in recent weeks. However, all three developments have proven to be popular options in their respective districts, with desirable locations, modern facilities, and attractive unit sizes.