A new record psf-price was recorded in Skyline 360 @ St Thomas Walk which is a freehold condominium situated off River Valley Road, with the purchase of a 2,131 sq. ft four-bedroom apartment on the 21st floor, for $5.7 million (or $2,674 per sq ft) on March 6. The transaction is the highest on the list of records for psf-price highs that occurred during the week of March 3-10. The week didn’t see any new record lows for psf prices.
Pinetree Hill condo floor plan has a total suite area of 22,534.7 square metres (sq m) with a maximum Gross Floor Area (GFA) of 47,323 sq m.
Skyline 360 St Thomas Walk is a luxurious condo situated in District 9’s most sought-after. The development of 61 units was completed in the year 2012. It includes large-sized units like threebedrooms, and four bedrooms that span from 1,733 sq ft to 2,131 sq feet. Additionally, there are six 5-bedroom units that range from 3,929 to 415 sq feet. Each unit covers an entire floor, from the 30th to 35th floors. The topmost floor is a 6,523 square foot duplex penthouse.
The condo is situated in an exclusive residential area that is near The Orchard Road shopping belt and River Valley area. The shopping centres near the property are Great World City, 111 Somerset and Ngee Ann City.
Additionally, Skyline 360 @ St Thomas Walk is served by major roads like River Valley Road, Leonie Hill Road, Grange Road and Orchard Road. The nearby MRT stations are Great World on the Thomson-East Coast Line as well as Somerset located on the North-South Line.
The most recent sale at Skyline 360 at St Thomas Walk is the second resale this year. On February 17th the 3,929 square foot apartment on the 31st floor of Skyline 360 was sold at $10.2 million ($2,596 per sq ft). This unit is spread across every floor of 31st.
The last year, only one unit sold in the condominium. This was a 1,733 square feet unit on the 10th floor, which sold for $3.95 million ($2,279 per sq ft) on January 28 2022.
The large number of units in Skyline 360 @ St Thomas Walk and the location in a sought-after central area, mean that the condo is sold at expensive prices when compared to other developments. Based on URA caveats calculated from EdgeProp Singapore, Skyline 360 @ St Thomas Walk commands an average of $2,635 per sq ft.
A small number of neighboring freehold condos are in close proximity to or above the price. The condos are one Devonshire ($2,687 per sq. ft.), Espada ($2,438 per square foot) as well as Suites at Central ($2,553 per square foot).
The second-highest record price for a psf during the week was for selling of the 689 square feet, two-bedroom unit in Commonwealth Towers. The condo, located situated on the 43rd level, was sold at $1.57 million ($2,279 per square foot) the 8th of March. It was slightly over the previous record for this condo. It had been set the previous month the sale, when a similar 689 sq ft unit located on the 36th floor went at $1.49 million ($2,163 per sq ft) on February 23.
Commonwealth Towers is an 845-unit project located situated on Commonwealth Avenue in District 3. The 99-year leasehold development was completed in the year 2017. The mix of units includes one-to-four-bedroom units which range from 441 sq ft to 1,302 sq feet.
Commonwealth Towers is situated next to Queenstown MRT Station on the East-West Line, and its central location in the neighborhood makes it near a number of schools, community facilities as well as private and public residential developments.
The primary schools that are within 1 km of Commonwealth Towers are New Town Primary School and Queenstown Primary School. Alexandra Primary School and Gan Eng Seng Primary School are located within 2km of the condominium. Other schools within the vicinity comprise Queenstown Secondary School, Queensway Secondary School and Crescent Girls’ School.
Some notable residential developments near Commonwealth Towers include the neighbouring 736-unit Queens Peak which was completed in the year 2020, as well as the 1,259 unit Stirling Residences.
It has been reported that there have been eleven resales transactions at Commonwealth Towers to date this year. The sold units range from a 1,033 sq. ft three-bedroom unit which sold for $2.08 million ($2,013 per square foot) on February 20, and a 4,84 sq feet, one-bedroom unit which sold for $900,000 ($1,858 per sq ft) on Feb. 24.
The week also witnessed The Shelford The Shelford, a freehold condominium on Shelford Road was able to recorded a record-breaking psf-price. A 1,399 square foot unit was purchased to the highest bidder for $3.18 million ($2,273 per sq ft) the 3rd of March. This was slightly higher than the previous record that was set by a 1,033 square ft unit which was auctioned off at $2.29 million ($2,216 per sq ft) in September 2021.
The Shelford is an 215-unit condominium located in the District 11 area of prime and was completed in the year 2005. The condominium is located located in an ideal spot in the vicinity of Dunearn Road. It is near Hwa Chong Institution, Nanyang Primary School as well as St Margaret’s Secondary School. The nearby MRT stations comprise Tan Kah Kee on the Downtown Line, as well as Botanic Gardens Interchange Station on the Circle and Downtown Lines.
This is why The Shelford has seen its prices rise significantly over the last couple of years. The month of March 2013 saw the median price for The Shelford was $1,541, but it’s risen to $2,045 per square foot this month.