Singapore properties

A new high for Singapore properties, Sky Everton hits new psf price high of $3,406 psf

Singapore properties reach new heights with the sale of a six-bedroom penthouse at Sky Everton fetching a new psf price. The 2,228 sq ft unit was sold by developer SL Capital — a joint venture of Sustained Land, Ho Lee Group, Kwong Lee Land and Penjuru Capital — for $7.59 million on July 26, which works out to $3,406 psf.

Published in Edgeprop by Atiqah Mokhtar on 12 August 2022

Sky Everton is a freehold development located on Everton Road in District 2. The project consists of a 36-storey tower that will house 262 residences. Units comprise a mix of one- to four-bedroom apartments that range from 463 sq ft to 1,345 sq ft. There are also four penthouses — two five-bedders measuring 1,819 sq ft and two six-bedders measuring 2,228 sq ft.

The development was launched for sale in June 2019, with more than 40% of units sold during its launch weekend at an average price of around $2,500 psf. According to analysis on EdgeProp Singapore’s research tool, the project has seen relatively consistent sales and prices have gradually risen to an average of $2,865 psf in the last 12 months as of August.

Three of the four penthouses at Sky Everton were sold this year, including the 2,228 sq ft penthouse that was sold on July 29. The other 2,228 sq ft penthouse was sold on March 31 for $7.11 million ($3,189 psf), which was the highest transaction recorded for Sky Everton at the time. Meanwhile, one of the two 1,819 sq ft penthouses was sold on Jan 30 for $5.69 million ($3,127 psf). Sky Everton is within walking distance of the upcoming Cantonment MRT Station on the Circle Line and is slated for completion in 2023.

Another upcoming development, One Bernam, also saw a new psf price high after a one-bedroom unit measuring 452 sq ft on the 26th floor was sold by the developer for $1.37 million ($3,039 psf) on July 25.

One Bernam is a 99-year leasehold mixed-use development located on Bernam Street, off Anson Road in District 2’s Tanjong Pagar area. It is a joint venture project between MCC Land and Hao Yuan Investment. In addition to 351 residential units, One Bernam comprises a two-storey retail podium of 15,726 sq ft and one floor of serviced apartments with 13 keys.

Singapore properties

Residences at One Bernam were launched for sale in May last year. To date, 121 of units (34%) have an average price of $2,467 psf, based on caveats lodged. Units at One Bernam comprise a mix of one- to three-bedroom units, with sizes ranging between 441 to 1,421 sq ft. There are also two units of three-bedroom penthouses with sizes of 1,744 and 1,948 sq ft, while the largest penthouse has five bedrooms and totals 4,306 sq ft in size. It is located within walking distance to Tanjong Pagar MRT Station on the East-West Line.

Meanwhile, One Meyer — a freehold apartment located along Meyer Place in District 15’s Marine Parade — saw a new low in terms of price when a 926 sq ft, three-bedroom unit was sold for $2.24 million ($2,419 psf) on July 28. This marks the sale of the last residence available at the 66-unit boutique development by Sustained Land, which means it is 100% sold. The project, which launched for sale in March 2019, saw its units sold at an average price of $2,580 psf over the past three years.

Singapore properties

Units at One Meyer are a mix of compact two- and three-bedroom apartments, with sizes ranging from 614 to 1,033 sq ft. The development, slated for completion in mid-2023, is located just across Katong Park and Katong Park MRT Station on the Thomson-East Coast Line, which will open in 2024.

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