Several high-value properties have been sold recently, including a few Good Class Bungalows (GCBs) in the Chatsworth, Binjai Park and Third Avenue areas, as well as apartments at Paterson Suites and TwentyOne Angullia Park.
In the GCB segment, a freehold property located along Chatsworth Road changed hands for S$30 million, which works out to around S$1,985 psf based on the site area of 15,115 sq ft. The plot includes an old two-storey bungalow with six bedrooms, a guestroom and swimming pool.
“The price on psf of land area is within expectations. Prices in the Chatsworth Park GCBA (Good Class Bungalow Area) are about S$2,000 psf,” said William Wong, Managing Director at RealStar.
Another freehold bungalow in Third Avenue was sold for S$25.6 million, or around S$1,450 psf on a land area of 17,659 sq ft.
Over at the Binjai Park GCBA, an old two-storey bungalow with a land area of around 11,500 sq ft was sold for S$13.5 million or S$1,174 psf.
In the non-landed homes market, the 36-storey TwentyOne Angullia Park project by China Sonangol sold five units, with absolute prices ranging from S$7.5 million (for a three-bedder of 1,894 sq ft) to S$14.3 million (for a four-bedroom apartment of 3,348 sq ft).
The units were mostly bought by foreigners, including three Indonesians (two of whom are permanent residents), an Australian and a family from Monaco.
Meanwhile, 14 units at Paterson Suites were snapped up at the identical price of S$2,500 psf each by 14 friends who bought them separately. Total sales came to S$65 million based on caveats data. All the units were sold without a rental guarantee scheme which the developer Bukit Sembawang has been offering since last month.
Source : PropertyGuru – 2012 May 28
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