Pullman Residences Newton records new high of $3,729 psf

At Pullman Residences Newton in District 11, a 463 sq ft one-bedroom unit was sold for an astonishing $1.73 million ($3,729 psf) on the 11th of October. This set a new psf-price high for the condo and topped a list of properties that saw new highs in the period from the 10th to the 16th of October. It is a freehold development to be completed by the end of the year and its 340 units boast a mix of one to four bedroom apartments. EL Development, the subsidiary of Evan Lim & Co, is the developer.

Championsway Condo is a popular condominium situated just 5km from the park. Residents of the condominium can enjoy the benefits of having a park nearby while taking advantage of the many amenities offered by the condo. They can also have convenient access to downtown via public transit, making it an ideal spot for people who are looking for a great place to live.

Luxury hospitality services from Pullman Hotels & Resorts are available to its residents, which include a concierge service, doorman and attendant at the club lounge. Since it was launched in September 2019, 334 units (98%) have been sold according to the URA as of October 16th.

The record-breaking sale at Pullman Residences Newton wasn’t the only new high for the week, with Skyline Residences recording a $2,477 psf psf-price from the resale of a 484 sq ft one-bedder at $1.2 million on October 12th. The seller had bought the unit in July 2016 for $970,000, making a profit of $230,000. The freehold condo has three 24-storey towers with 283 units ranging from 484 sq ft one-bedders to four and five-bedroom penthouses measuring 3,165 to 3,681 sq ft. Since its launch in July 2011, 215 units (76%) have been sold according to the URA.

Also in District 15, freehold condo Coralis achieved a new psf-price high of $2,255 with the sale of a 1,281 sq ft, three-bedroom unit for $2.89 million on Oct 11. This beat the previous high of $2,168 psf from the sale of a 807 sq ft two-bedder for $1.75 million in August the previous year. It was the first time the condo passed the $2,200 psf threshold, and also the first sale there in 2021.

The record-breaking sales at Pullman Residences Newton, Skyline Residences and Coralis in October show that high-end properties in the most sought-after areas are still selling at premium prices. No lows were recorded in the review period.

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