Developer sale lifts The Arcady at Boon Keng to new price peak of $2,843 psf
The marginal record increase and 65.6% project take-up signal continued buyer acceptance of higher prices, potentially supporting sales of the remaining 59 units before completion in 2027.
A 678 sq ft two-bedroom unit at The Arcady at Boon Keng sold for $1.93 million on Oct 10, setting a project record of $2,843 psf.
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The Arcady at Boon Keng, a freehold condo in District 12, clinched first place among private non-landed residential developments that recorded fresh psf-price peaks during the week of Oct 6 to 13.
The project’s new benchmark of $2,843 psf was established on Oct 10, when a 678 sq ft, two-bedroom unit on the 22nd floor was sold by the developers for $1.93 million.
The sale inches past the project’s previous price high of $2,837 psf. That was set in November last year from the developer sale of a 764 sq ft two-bedder for $2.17 million.
Read also: Freehold condo Amber Park in District 15 notches fresh record high of $3,170 psf
The Arcady at Boon Keng is a 172-unit development along Saint Barnabas Lane, on the site of the former Euro-Asia Apartments. It offers one- to four-bedroom apartments ranging from 527 to 1,625 sq ft, as well as two penthouses measuring 2,433 and 2,583 sq ft.
Over its launch weekend in January 2024, the condo logged a 29.7% take-up rate at an average selling price of $2,570 psf. Based on caveats lodged as at Oct 20, the project is now 65.6% sold, with 59 apartments remaining.
The Arcady at Boon Keng is slated to receive its temporary occupation permit in 2027.
Second among the week’s top project highs was freehold condo Scotts 28.
A 1,636 sq ft, three-bedroom unit notched a new record of $2,511 psf for the development when it fetched $4.11 million on Oct 9.
That is the first time a unit at Scotts 28 has transacted above the $2,500 psf threshold, surpassing the previous peak of $2,481 psf. That was in May 2023 when a 1,733 sq ft three-bedder was sold for $4.3 million.
The 136-unit Scotts 28 is located just off Orchard Road, next to Goodwood Park Hotel, in prime District 9. Completed in 1998, it comprises two- to five-bedroom units ranging from 1,098 to 4,650 sq ft.
Shopping malls such as Far East Plaza, Scotts Square and Tang Plaza are within a 10-minute walk. The Newton MRT interchange is about five minutes away on foot.
Read also: New record high of $3,617 psf set at luxury condo Ardmore II
The highest absolute quantum recorded at the condo thus far was from the sub-sale of a 3,466 sq ft three-bedder for $6.86 million ($1,979 psf) in 1996.
Meanwhile, Caribbean At Keppel Bay rounded out the top three psf-price highs for the week.
A 2,390 sq ft, four-bedroom unit on the third floor scored a fresh record of $2,339 psf when it changed hands for $5.59 million on Oct 13.
Completed in 2004, Caribbean At Keppel Bay has 969 units housed in 12 residential blocks. Its one- to five-bedroom units range from 893 to 4,650 sq ft.
The 99-year leasehold condo, situated along Keppel Bay Drive in District 4, is within a 10-minute walk to Harbourfront MRT interchange.
Based on caveats compiled by EdgeProp Singapore, resale prices at the condo have averaged $1,924 psf over the past 12 months.
Also logging a psf-price high during the period in review was City Square Residences on Kitchener Link.
Read also: Freehold condo Latitude notches new price high of $2,993 psf
A three-bedroom apartment at the freehold condo was transacted at $2,294 psf or nearly $2.84 million on Oct 12, putting it in fourth place among the week’s top project highs. Measuring 1,238 sq ft, the unit sits on the 17th floor.
This is a tad higher than the previous benchmark of $2,278 psf at City Square Residences. That earlier record was set in March 2025 when a larger three-bedder, spanning 1,496 sq ft, was resold for about $3.41 million.
The condo is right across the road from City Square Mall, which has a basement connection to Farrer Park MRT Station, and a three-minute walk to the 24-hour Mustafa Centre.
There were no new psf-price lows for the week.