Three Three Robin reaches new high of $2,465 psf
Another property development that hit a brand-new psf-price high is Mountbatten Lodge, an estate apartment on Mountbatten Route in District 15. A one-bedroom apartment on the first ground measuring 334 sq ft unit changed hands for $650,000, or $1,948 psf, on July 28. The deal goes beyond the previous report of $1,745 psf signed up in May, when a 355 sq ft unit was promoted for $620,000.
Three Three Robin is a project by SC Global Developments which was finalized in 2005. The boutique development has already 36 units residency in a singular block. Units consist of 2- to four-bedders between 1,367 and 4,855 sq ft.
Mountbatten Lodge was completed in 1998 with just 28 household units. Apartments make up one- as well as two-bedders between 280 and 721 sq ft. The project is located in just the upmarket residential surround that lines Mountbatten Roadway in the East Coast. Across the road from Mountbatten Lodge is Liv@MB, the upcoming 298-unit household development by Bukit Sembawang Estates.
No brand-new psf-price lows were recorded throughout the duration in evaluation.
Based upon cautions lodged with URA, the unit sold on July 28 had been purchased by the vendor from the property developer in September 2004 for $1.69 million ($1,067 psf). This means they made a growth of $2.21 million (131%) on the purchase.
Sturdee Residences also achieved a new psf-price high in the course of the duration in review with the revenue of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The owner of the one-bedroom unit on the 27th ground had actually acquired it from the property developer in May 2016 for $752,400 ($1,792 psf), that indicates they made a gain of around $146,000 or 19% on the sale. The transactions beats the recent psf-price strong at Sturdee Residences logged in June, the moment a 420 sq ft apartment was sold for $888,000 or $2,115 psf.
Three Three Robin, a freehold condominium on Robin Road in top District 10, climbed the listing of apartments that viewed a new psfprice high between July 28 and Aug 1. This was attained with the sale of a 1,582 sq ft, three-bedroom unit on the 6th level for $3.9 million, or $2,465 psf, on July 28. The transaction notes the very first time the development has actually traversed the $2,400 psf threshold, and defeats the past high of $2,389 psf broken out March 2022 when a 1,582 sq ft unit changed hands for $3.78 million.
Sturdee Residences is a 99-year leasehold condo on Beatty Street in District 8 that was finished in 2019. The 305-unit apartment was established by SL Capital, a branch of district property project business Sustained Land. Located close to Farrer Park MRT Terminal, the property is a 30-storey twin-tower plan with a mix of one- to five-bedroom units that vary from 420 to 1,830 sq ft.
The unit marketed on July 28 is the first condo at Three Robin to switch hands this year. Prior to that, the most latest resell deal at the property occurred a year ago when a 1,636 sq ft unit on the eighth floor fetched $3.75 million ($2,292 psf) in July 2022.