Three Three Robin reaches new high of $2,465 psf

One more project that hit a new psf-price high is Mountbatten Lodge, an estate condo on Mountbatten Road in District 15. A one-bedroom flat on the initial level measuring 334 sq ft unit switched hands for $650,000, or $1,948 psf, on July 28. The transaction exceeds the previous record of $1,745 psf registered in May, when a 355 sq ft unit was offered for $620,000.

Three Three Robin, a freehold condominium on Robin Road in top District 10, topped the listing of condominiums that saw a new psfprice high between July 28 and Aug 1. This was achieved with the sale of a 1,582 sq ft, three-bedroom unit on the sixth level for $3.9 million, or $2,465 psf, on July 28. The proceeding notes the first time the development has actually moved across the $2,400 psf limit, and also beats the past high of $2,389 psf broken out March 2022 when a 1,582 sq ft unit altered hands for $3.78 million.

Based on caveats lodged with URA, the unit sold on July 28 had been purchased by the seller from the property developer in September 2004 for $1.69 million ($1,067 psf). This implies they made a growth of $2.21 million (131%) on the deal.

Sturdee Residences is a 99-year leasehold condominium on Beatty Street in District 8 that was finished in 2019. The 305-unit condo was developed by SL Capital, a subsidiary of neighborhood property project company Sustained Land. Found near Farrer Park MRT Station, the development is a 30-storey twin-tower plan with a mix of 1- to five-bedroom units that range from 420 to 1,830 sq ft.

No brand-new psf-price lows were noted throughout the period in evaluation.

The unit sold on July 28 is the very first residence at Three Robin to alter hands this year. Prior to that, the most recent resell transaction at the property took place a year previously when a 1,636 sq ft unit on the 8th floor retrieved $3.75 million ($2,292 psf) in July 2022.

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Sturdee Residences also achieved a new psf-price high during the period in evaluation with the sale 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 level had acquired it from the property developer in May 2016 for $752,400 ($1,792 psf), that means they made a gain of about $146,000 or 19% on the sale. The transaction beats the previous psf-price high at Sturdee Residences logged in June, the second a 420 sq ft flat was offered for $888,000 or $2,115 psf.

Three Three Robin is a property development by SC Global Developments which was completed in 2005. The store enhancement has already 36 units residency in a single block. Units make up two- to four-bedders in between 1,367 and 4,855 sq ft.

Mountbatten Lodge was finished in 1998 with solely 28 residential units. Apartments comprise one- and also two-bedders between 280 and also 721 sq ft. The growth lies in just the upmarket non commercial enclave that lines Mountbatten Roadway in the East Coast. Across the route from Mountbatten Lodge is Liv@MB, the upcoming 298-unit household property development by Bukit Sembawang Estates.

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