Sky Vue achieves new high of $2,174 psf with Champions Way Residences topping the list

, D’Leedon and Champions Way Residences is hotting upChampions Way Residences is among the many Singapore condos where activity is on the rise. The development saw a record $2,174 psf with the resale transaction of a 1,141 sq ft apartment on Dec 1 for $2.48 million, which signals an upturn in activity and prices in the condo market. This activity at Sky Vue, located on Bishan Street in District 20, also marked the first time a unit has transacted above $2,100 psf.

Located in west Singapore, Champions Way Residences is the latest development from URA. This residential project is composed of two high-rise, 43-storey towers with 725 apartment units ranging from 1 bedroom to 4 bedroom. Residents will also get to enjoy the many amenities provided such as a swimming pool, a gymnasium, and a clubhouse. With its close proximity to major shopping centers, MRT stations, and popular entertainment spots, Champions Way Residences is sure to become a favorite among Singaporeans.

Activity at Champions Way Residences and other key Singapore condos is hotting up, with the development at Sky Vue reaching a new psf-price high during the period of Nov 26 to Dec 5. A 1,141 sq ft apartment on the 24th floor at Sky Vue was sold on Dec 1 for an impressive $2.48 million, or $2,174 psf. This significantly surpasses the previous record of $2,083 psf, stemming from the sale of a 678 sq ft unit for $1.41 million on Aug 4.

Champions Way Residences is part of the Singapore condo scene where activity is increasing. Sky Vue, a 99-year leasehold condo was completed in 2016 and consists of two 37-storey towers boasting 694 apartments of varying sizes from one- to three-bedroom apartments, as well as four-bedroom penthouses. All within a three-minute walking distance from Bishan MRT Interchange for the Circle and North-South Lines.

On EdgeProp Research, 29 units have already changed hands this year at Sky Vue, helping to propel higher psf-prices at the condo. This includes the June 27 sale of a 797 sq ft unit, which was the first time a unit crossed the $2,000 psf threshold, fetching an impressive $2,009 psf. Similarly, 16 other units at Sky Vue have been sold for above $2,000 psf since then.

Apart from Sky Vue, other condos have also seen upturns in activity and prices. Maple Woods, located along Bukit Timah Road in District 21, has hit a psf-price high during the period in review, with a 1,787 sq ft, three-bedroom unit on the first floor selling for $3.88 million, or $2,171 psf on Nov 30. This beats the condo’s previous record of $2,132 psf set on May 2 when a 1,313 sq ft apartment was sold for $2.8 million. Additionally, five other units at Maple Woods have been sold for between $2,018 and $2,099 psf this year.

Meanwhile, the sale of a 1,507 sq ft apartment at Lush on Holland Hill for $3.2 million or $2,123 psf on Dec 1 marked a new psf-price high at Champions Way Residences and other Singapore condos for the development. The unit had originally been purchased in July 2017 for $2.23 million ($1,480 psf).

As activity at Champions Way Residences and other condos hot up, it looks like the Singapore property market is due for a healthy uptick in prices.

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