New record high of $3,617 psf set at luxury condo Ardmore II
The record, alongside a more than 30% rise in Ardmore II’s one-year average resale price over a decade, signals sustained demand for prime freehold homes.
Ardmore II set a new record of $3,617 psf when a 2,024 sq ft four-bedroom unit sold for $7.32 million on Sept 24.
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Ardmore II, a freehold luxury project in prime District 10, led the list of non-landed private residential developments that posted a new psf-price high during the week of Sept 22 to 29. The condo’s new record of $3,617 psf was set when a 2,024 sq ft four-bedder on the 35th floor changed hands for $7.32 million on Sept 24.
It inches past the development’s previous price peak of $3,599 psf, established by the August 2007 sub-sale of another 2,024 sq ft unit for $7.28 million.
Located in the exclusive Ardmore Park area, Ardmore II is a 118-unit condo that was completed in 2010. All its units have the same four-bedroom layout, measuring 2,024 sq ft.
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It is within a four- to five-minute walk from retail and lifestyle amenities at Claymore Connect, Forum The Shopping Mall and Palais Renaissance.
Resale prices at Ardmore II have been on an upward trajectory over the past decade, based on resale caveats tabulated by EdgeProp Singapore. Its one-year average resale price has climbed more than 30% over the past 10 years, from $2,687 psf in October 2016 to about $3,535 psf as of October this year.
Ranking second on the list of top project highs for the week is The Sea View in the Marine Parade area.
The freehold condo achieved a new price peak of $2,908 psf with the sale of a 1,410 sq ft, three-bedroom unit for $4.1 million on Sept 28.
The record-setting sale surpasses The Sea View’s former high of $2,878 psf when a smaller 1,216 sq ft three-bedder fetched $3.5 million two months prior on July 21.
Completed in 2008, The Sea View comprises six 22-storey blocks, housing a total of 546 units. The residences include one- to four-bedroom units of 527 to 1,647 sq ft.
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There are also three- and four-bedroom penthouses measuring between 2,196 and 2,723 sq ft, as well as five-bedroom duplex penthouses of 2,809 to 2,928 sq ft.
The development has seen a relatively low level of resale transactions, logging a total of six thus far this year.
Excluding the July 21 and Sept 28 deals, the remaining four transactions were priced from $2,423 psf to $2,872 psf, involving units sized between 527 and 2,196 sq ft.
In contrast to the week’s fresh price highs, only one project registered a new psf-low.
District 1 development Union Square Residences set a fresh price floor of $2,603 psf when a 700 sq ft two-bedder was purchased from the developer for $1.82 million on Sept 26.
That edges below the development’s previous low of $2,605 psf, which belonged to the sale of a 506 sq ft, one-bedroom apartment for $1.32 million on April 23.
Union Square Residences is a 99-year leasehold project slated for completion in 2027. It will feature a 40-storey tower with one- to five-bedroom apartments ranging from 463 to 2,476 sq ft.
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It is within a seven- to eight-minute walk from Clarke Quay and Chinatown MRT stations.
The 366-unit development logged a 20% take-up rate at its launch in November 2024, with residences selling at an average of around $3,200 psf.
As of Oct 6, caveats lodged show that the developer has moved 241 units at an average price of $3,055 psf.