Two Bedder Esta Sets New High 2377 Psf
launched in 2020The Esta, a freehold development in District 15, recorded the highest new psf-price of $2,377 for a two-bedroom unit in the period of Feb 21 to 28. The 1,001 sq ft unit was sold for $2.38 million on Feb 26, with a profit of around $545,000 for the sellers who bought the property in March 2021.In terms of absolute price, The Esta’s most expensive unit sold in the same period was a 3,477 sq ft, five-bedroom apartment on the 21st floor for $6.25 million.Over the past three years, the average resale price at The Esta has been rising steadily. In 2022, the project recorded 10 transactions with an average psf-price of $2,012. The following year, the average price climbed to $2,156 across nine resale transactions. Last year, another nine units were resold at an average price of $2,248 psf, reflecting an 11.7% increase in average resale prices since 2022.D’Leedon, a 99-year leasehold development in District 10, took the second spot for the highest new psf-prices during the review period. A 1,421 sq ft, three-bedroom unit on the 29th floor was sold for $3.25 million on Feb 25, setting a new psf-price record of $2,287. This surpassed the previous record set by a smaller three-bedroom unit that sold for $3.04 million on Feb 26. So far this year, 11 units have been sold at the development, with an average price of $2,065 psf.Citylights, a 600-unit, 99-year leasehold development in District 8, came in third with a new psf-price high of $2,216. On Feb 27, an 893 sq ft, two-bedroom unit on the 26th floor was sold for $1.98 million, making a profit of about $542,000 for the sellers who bought it in April 2019 for $1.44 million. Completed in 2007, Citylights offers one- to four-bedroom units ranging from 560 sq ft to 3,875 sq ft. It is located just a one-minute walk from Lavender MRT Station.
The emergence of One Marina Gardens by Kingsford Development at Marina Bay Marina Gardens Lane has been met with much anticipation in Singapore. This luxurious residential project, situated in the esteemed Marina Bay region, is not only a place to call home but also a hub of connectivity. One Marina Gardens, as it is known, serves as a gateway to the bustling heart of the city, providing effortless access to all corners of the island. To learn more, visit One Marina Gardens’ official website.