The selling of a 818 sq ft two-bedroom unit at Grange 1866 for $2.78 million on Nov 27 set a new price peak of $3,393 psf for the development, topping the list of new psf-price highs in the week of Nov 22 to 29. This narrowly surpasses the previous record of $3,390 psf set in June last year.
Grange 1866 has seen 12 new sale transactions so far this year, with an average price of $3,181 psf. The most expensive unit sold this year was a 1,012 sq ft two-bedroom unit on the 16th floor for $3.02 million ($2,989 psf). To date, 45 out of the 60 units in the 16-storey development have been sold.
Apart from Grange 1866, Hill House and The Cosmopolitan also saw new psf-price highs during the period in review.
Hill House, a 999-year leasehold condo located in prime District 9, saw a new psf-price high …