Rewritten:
The Botanic on Lloyd, a freehold condo, has set a new record for the highest psf-price among private non-landed developments for the period between Jan 3 and Jan 11. Its new price peak was achieved through the sale of a 2,056 sq ft, four-bedroom unit for $5.13 million, or $2,493 psf on Jan 7. This surpasses the previous record of $2,339 psf by 6.6% which was set in October last year for a 1,496 sq ft, three-bedroom unit.
Transactions at the 66-unit development have been infrequent over the past decade, with an average of one transaction per year. The last unit to change hands before the October 2024 sale was a 3,584 sq ft, four-bedroom unit which sold for $6.88 million ($1,919 psf) in January 2022. This was also the most expensive unit to be sold at the condo in terms of absolute price.
Completed in 2006, The Botanic on Lloyd is a boutique development consisting of 60 apartments and six townhouses. The units range from three to four bedrooms and are sized between 1,485 sq ft and 3,584 sq ft. The townhouses, which span three storeys and come with five bedrooms and two private parking lots each, range from 4,058 sq ft to 4,446 sq ft.
Another freehold development, The Cape, also achieved a new record psf-price during the period in review. A 1,313 sq ft, three-bedroom unit on the 15th floor was sold for $3 million, or $2,284 psf on Jan 10. This narrowly surpasses the previous record of $2,265 psf set in November 2012 for a 1,539 sq ft, two-bedroom unit on the 16th floor.
The average price of apartments at The Cape has been increasing over the past year with a rise in transactions. In 2023, the condo recorded three resale transactions at an average price of $2,128 psf. In 2023, only one unit was sold – a 646 sq ft, one-bedroom unit which sold for $1.24 million ($1,920 psf).
Located along Amber Road in District 15, The Cape is a freehold development completed in 2014. It consists of one- to three-bedroom units ranging from 570 sq ft to 1,539 sq ft.
Tembusu Grand, an upcoming condo, recorded a new price low of $2,174 psf on Jan 11. The sale of a 1,399 sq ft, three-bedroom unit on the 20th floor for $3.04 million set this new record. This is lower than the previous record of $2,193 psf set in November 2024 for a similar unit on the same floor.
The 638-unit Tembusu Grand is a 99-year leasehold project situated on Jalan Tembusu in District 15. It offers a range of unit types from one to five bedrooms, with sizes ranging from 527 sq ft to 2,691 sq ft. Launched in April 2023, the condo has sold 584 units (91.5%) at an average price of $2,444 psf as of Jan 20. It is expected to obtain its Temporary Occupation Permit in 2028.