Three Three Robin reaches new high of $2,465 psf

Mountbatten Lodge was finished in 1998 with just 28 household units. Condos make up one- and also two-bedders in between 280 and 721 sq ft. The development rises within the upmarket household surround that lines Mountbatten Road in the East Coast. Throughout the path from Mountbatten Lodge is Liv@MB, the upcoming 298-unit domestic project by Bukit Sembawang Estates.

Based on caveats lodged with URA, the unit offered on July 28 had been bought by the vendor from the builder in September 2004 for $1.69 million ($1,067 psf). This means they made a boost of $2.21 million (131%) on the deal.

Three Three Robin, a freehold condo unit on Robin Road in prime District 10, topped the selection of condos that discovered an updated psfprice high between July 28 and Aug 1. This was accomplished with the sale of a 1,582 sq ft, three-bedroom unit on the sixth level for $3.9 million, or $2,465 psf, on July 28. The purchase notes the very first time the property development has traversed the $2,400 psf threshold, and defeats the previous high of $2,389 psf broken out March 2022 when a 1,582 sq ft unit changed hands for $3.78 million.

A different property development that met a new psf-price high is Mountbatten Lodge, a freehold condo on Mountbatten Road in District 15. A one-bedroom home on the first ground measuring 334 sq ft unit switched hands for $650,000, or $1,948 psf, on July 28. The purchase goes beyond the previous report of $1,745 psf registered in May, when a 355 sq ft unit was promoted for $620,000.

Sturdee Residences likewise achieved a new psf-price high in the course of the duration in review with the sale of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The vendor of the one-bedroom unit on the 27th floor had acquired it from the property developer in May 2016 for $752,400 ($1,792 psf), which suggests they made a boost of about $146,000 or 19% on the sale. The dealing beats the recent psf-price high at Sturdee Residences logged in June, when a 420 sq ft condo was marketed for $888,000 or $2,115 psf.

The Landmark Condo price

Sturdee Residences is a 99-year leasehold condominium on Beatty Street in District 8 that was finalized in 2019. The 305-unit apartment was created by SL Capital, a branch of district real estate development company Sustained Land. Found near Farrer Park MRT Station, the property is a 30-storey twin-tower plan with a mix of 1- to five-bedroom units that vary from 420 to 1,830 sq ft.

Three Three Robin is a property development by SC Global Developments which was carried out in 2005. The boutique enhancement has 36 units flat in a solo block. Units comprise 2- to four-bedders in between 1,367 and 4,855 sq ft.

The unit marketed on July 28 is the very first condo at Three Robin to change hands this year. Before that, one of the most recent reselling purchase at the development happened a year back when a 1,636 sq ft unit on the 8th ground retrieved $3.75 million ($2,292 psf) in July 2022.

No new psf-price lows were filed throughout the time period in review.

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