New psf-price high of $3,322 set at The M, now over 99% sold

Amber Park, The M and Myra have all set new psf-price high or low records in the week covered by edgeProp Singapore. On October 17, The M saw the sale of a one-bedroom plus study unit at $3,322 psf. Meanwhile, a 463 sq ft, one-bedroom unit at Amber Park was sold in a sub-sale for $1.43 million ($3,085 psf) on Oct 24, setting a new psf-price high at the condo. Similarly, the sale of two units at Myra for $1,600 psf marked a new low psf-price at the boutique development. The projects are located in the Bugis/Beach Road area, Amber Road and Potong Pasir, respectively, and both The M and Myra are now fully sold.Wing Tai Asia’s The M has set a new psf-price record when a 527 sq ft unit was sold for $3,322 psf on Oct 17. The boutique freehold condo Myra also saw a new psf-price low of $1,600 set, as both one- and three-bedroom units were sold. Additionally, a 463 sq ft sub-sale at Amber Park marked the first sale of a unit for more than $3,000 psf in the development. This demonstrates the improving market conditions in Singapore’s residential property landscape, as well as the varied characteristics of Singapore’s distinct neighbourhood markets.

On October 17, The M, a 99-year leasehold residential project in Bugis/Beach Road, set a new psf-price high when a 527 sq ft unit was sold for $3,322 psf. Developer Wing Tai Asia sold the one-bedroom plus study unit for $1.75 million. This beats the previous high in February of a 592 sq ft two-bedder, sold for $1.94 million ($3,277 psf).

The M has an average selling price of $2,974 psf and has seen consistent sales momentum since it launched for sale in February 2020. URA caveats show that 520 units have been sold. The project has helped to reshape the character of the Bugis/Beach Road area, where other new developments such as Guoco Midtown and the redevelopment of Shaw Tower are also located.

Meanwhile, a sub-sale at Amber Park also saw a new psf-price high. The 463 sq ft one-bedroom unit, located in Amber Road in East Coast, was sold for $1.43 million ($3,085 psf) on Oct 24. Previously, the highest psf-price attained was $2,960 in August 2020 when a 4,392 sq ft unit was sold for $13 million.

The Jurong Lake District Condo is also located close to the major expressways, allowing for easy access to other parts of the city.

Apart from these amenities, Jurong Lake District Condo offers its residents luxurious living. From the designer bathrooms to the spacious living areas, residents will enjoy living in comfort and style. Plus, its close proximity to the world-famous Jurong Lake makes it a serene getaway.

Overall, Jurong Lake District Condo is an ideal destination for those in search of an urban oasis. With its modern facilities and range of amenities, it provides residents with an environment that is both comfortable and enjoyable. Whether it’s for business or pleasure, Jurong Lake District Condo is the perfect place to be.

At Myra, a boutique freehold development along Meyappa Chettiar Road in Potong Pasir, a new psf-price low was set when an 872 sq ft unit on the 11th floor was sold for $1.4 million (1,600 psf). A 1,324 sq ft unit also transacted for $2.12 million ($1,600 psf) on the same day, marking the first instance of units selling for less than $2,000 psf. Myra is now fully sold, with the most expensive unit, a 1,313 sq ft, four-bedroom unit, sold for $3.08 million (2,345 psf) in May.

The PROJECTS in review demonstrate the improving market conditions in Singapore’s residential property landscape. They also highlight the varied characteristics of Singapore’s distinct neighbourhood markets.