Perfect Ten reaches new high of $3,670 psf
A freehold condo on Bukit Timah Road in prime District 10, Perfect Ten, become the top performance of the list of condos that saw a new psf-price high between Aug 15 and 22. This was accomplished when a 2 bedroom penthouse unit, 753 sq ft, sold by the developer for $2.765 million, or $3,670 psf, on Aug 18. The transaction beats the previous high of $3,585 psf set in September 2K22, when a 1,227 sq ft unit was sold by the developer for $4.4 million.
Proudly developed by CK Asset Holdings, Perfect Ten is a luxury residential development which the flagship real estate company of billionaire Li Ka-Shing is permanently stationed in Hong Kong. The built-under-constuction project, has a total of 230 units span across two 24-storey towers with multiple configurations which include two-bedders of 753 to 797 sq ft and three-bedders of 1,227 to 1,281 sq ft. Perfect Ten condo which was launched in December 2K21, with the developer letting out 115 units in one of the towers for sale. It later on launched units afterward on second tower for sale in September 2K22. Based on caveats lodged to date, the project has seen 223 units sold at an median price of $3,044 psf, translating to a 97% take up rate. Perfect Ten is slated to finish construction by December 2k25.
Melrose Park is also one of the top performance condo when a 1,292 square feet unit was transacted at $3.3million or $2,555psf. The seller had previously acquire this eight floor three bedroom unit from the developer in 1999 for $1.206 million ($934 psf), which means they made a gross profit of about $2.1 million upon completion.
Melrose Park first time seen the transaction exceeded the $2,500 psf benchmark in terms of transacted psf-prices. The previous record was $2,361 psf logged in November 2K21, when a 1,292 sq ft unit fetched $3.05 million.
Proudly developed by CapitaLand, Melrose Park is a 999-years’ leasehold condominium located on Kellock Road, off River Valley Road in prime District 10. Completed in 2000, this 170-units development is in the River Valley residential enclave, located across the road from popular and rejuvenated Great World City shopping centre which is linked to Great World MRT Station on the Thomson-East Coast Line. The development span across two 19-storey residential blocks with wide spectrum of layout which includes three- and four-bedroom units ranging from 1,292 to 3,412 sq ft. Each block also has six penthouse units on the 19th floor that range from 3,606 to 5,231 sq ft. Melrose Park has yet to see transaction since April 2k22 only until the recent sales done in Aug, when a 3,315 sq ft unit changed hands for $6.9 million ($2,081 psf). The Montana, a freehold condo on Jalan Mutiara in District 10, is Another development that hit a new psf-price high . A three-bedroom residential dwelling located on the 10th floor with a dimension of 1,141 sq ft found a buyer for $2.725 million, or $2,388 psf, on Aug 17. The transaction triumphed the previous record of $2,251 psf caveat lodged approximately a decade ago, in September 2K13, when a 549 sq ft unit was sold for $1.24 million. The Montana is a 108-units development constructed by Koh Brothers Development which was legally finished construction in 2002. The layout of the units range from one- to four-bedders between 549 and 2,659 sq ft. Situated along the River Valley private nestled, it is walking distance to several eateries and shops that line River Valley Road and Zion Road as well as Great World MRT Station on the Thomson East Coast Line Singapore.
