Three Three Robin reaches new high of $2,465 psf
Sturdee Residences is a 99-year leasehold condo on Beatty Road in District 8 that was completed in 2019. The 305-unit condo was developed by SL Capital, a branch of local building development business Sustained Land. Located near Farrer Park MRT Station, the property development is a 30-storey twin-tower project with a mix of one- to five-bedroom units that vary from 420 to 1,830 sq ft.
Three Three Robin is a development by SC Global Developments which was finished in 2005. The boutique innovation has 36 units residency in a single block. Units make up 2- to four-bedders in between 1,367 and 4,855 sq ft.
Based on cautions lodged with URA, the unit offered on July 28 had been bought by the vendor from the property developer in September 2004 for $1.69 million ($1,067 psf). This means they made a boost of $2.21 million (131%) on the transaction.
Three Three Robin, a freehold condo on Robin Road in top District 10, climbed the selection of condominiums that discovered a fresh psfprice high in 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 deal marks the first time the project has traversed the $2,400 psf limit, and even defeats the past high of $2,389 psf started March 2022 the minute a 1,582 sq ft unit altered hands for $3.78 million.
Another project that met a brand-new psf-price high is Mountbatten Lodge, a freehold condo on Mountbatten Route in District 15. A one-bedroom residence on the first floor estimating 334 sq ft unit altered hands for $650,000, or $1,948 psf, on July 28. The purchase goes beyond the previous report of $1,745 psf registered in May, when a 355 sq ft unit was offered for $620,000.
No new psf-price lows were filed during the time period in evaluation.
Sturdee Residences also accomplished a brand-new psf-price high during the time period in assessment with the transaction of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The vendor of the one-bedroom unit on the 27th level had actually purchased it from the property developer in May 2016 for $752,400 ($1,792 psf), which means they made a gain of around $146,000 or 19% on the sale. The dealing defeats the past psf-price high at Sturdee Residences logged in June, when a 420 sq ft flat was sold for $888,000 or $2,115 psf.
Mountbatten Lodge was completed in 1998 with just 28 non commercial units. Condominiums consist of one- and also two-bedders in between 280 and 721 sq ft. The growth lies throughout the upmarket housing enclave that lines Mountbatten Roadway in the East Coast. Throughout the road from Mountbatten Lodge is Liv@MB, the upcoming 298-unit domestic project by Bukit Sembawang Estates.
The unit sold on July 28 is the first apartment at Three Robin to switch hands this year. Prior to that, one of the most more recent resell transaction at the property occurred a year ago when a 1,636 sq ft unit on the eighth ground brought $3.75 million ($2,292 psf) in July 2022.