The latest price psf of $2,829 for Amber 45 is the highest recorded in the development’s history. The transaction on Sept 2 marks the first time a unit in the development has been sold for more than $2,800 psf.Freehold development Amber 45 has topped the list of condos that have hit a new psf-price peak in the period between Aug 30 and Sept 8. The condo recorded a new high of $2,829 psf when a three-bedroom unit on the sixth floor was sold for $3.35 million on Sept 2.It is the first time a unit at Amber 45 has been sold for more than $2,800 psf, surpassing the previous record of $2,791 psf set last December. The previous record was set when a two-bedroom unit on the 19th floor was sold for about $1.95 million.The seller of the three-bedroom unit purchased the property from the developer in May 2018 for about $2.72 million, earning a profit of about $630,000.Amber 45, a freehold development completed in 2021, is located at 45 Amber Road in District 15. Featuring a 21-storey residential tower, the project offers a mix of two- to four-bedroom units. The unit sizes start from 614 sq ft for a two-bedroom unit, 1,130 sq ft for a three-bedroom unit, and 1,345 sq ft for a four-bedroom unit. Additionally, there are 20 four-bedroom premium apartments that span up to 1,798 sq ft. Each premium unit can be accessed via a private lift lobby.Various shopping centres can be found close to the development, such as Parkway Parade on Marine Parade Road and 112 Katong on East Coast Road. Furthermore, Tanjong Katong Primary School is less than 1km away, and Marine Parade MRT Station is only 500m away, providing access to the Thomson-East Coast Line.Taking second place in the list of new psf-price heights is Principal Garden. The development reached a new high of $2,555 psf when a three-bedroom unit on the 20th floor was sold for $2.75 million on Sept 2. The previous record was set earlier this year on May 31 when a three-bedroom unit on the 23rd floor was sold for $2.65 million on the same day. In July, another three-bedroom unit on the seventh floor was sold for the same price and size.The unit sold on Sept 2 was purchased by the seller from the developer in June 2016 for $1.79 million, earning a profit of about $960,000.Principal Garden is a 99-year leasehold development situated at Prince Charles Crescent, off Alexandra Road. The 663-unit development was completed in 2018 and has four 24-storey residential towers offering one- to five-bedroom apartments measuring between 484 and 2,347 sq ft.A new low of $2,156 psf was recorded for Pinetree Hill, a 99-year leasehold condo along Ulu Pandan Road in District 21. The sale was made on Sept 8 when a three-bedroom unit on the 24th floor was sold for $2.53 million. The price is 2.7% lower than the previous record low set in July last year when a two-bedroom unit on the seventh floor was sold for $1.76 million.The development has seen a total of 259 units (49.8%) sold at an average price of $2,428 psf, according to URA caveats. Pinetree Hill was launched for sale in July last year and saw 150 units (29%) sold at an average price of $2,460 psf during its launch weekend. The 520-unit condo is expected to be completed in 2027.Located near several schools, Pinetree Hill is within a 1km radius of Henry Park Primary School and Pei Tong Primary School and within 2km of Pei Hwa Presbyterian School and Methodist Girls’ School.
Investing in a condominium in Singapore has become an increasingly attractive option for both locals and foreigners alike. This is largely due to the country’s strong economy, stable political climate, and excellent quality of life. Singapore’s real estate market offers a plethora of investment opportunities, with condos being a standout choice for their convenience, amenities, and potential for lucrative returns. In fact, new condo launches in Singapore such as those from ANVLY have further added to the allure of these properties. In this article, we will delve into the advantages, considerations, and necessary steps to take when investing in a condo in Singapore.