In this month’s episode of “Condo Cash or Crash”, we’re turning our attention to a remarkable transaction that has captured the spotlight: the sale of a sprawling 2,884 sqft, 4-bedroom condo in District 10 (Tanglin/Holland/Bukit Timah), which recently fetched an eye-popping S$12.7 million. What’s the story behind this high-profile sale? Is this a new launch making waves or a resale condo reflecting shifting market dynamics? Let’s dive into the details of this noteworthy private property sale in October 2024, exploring its implications for buyers, investors, and the broader real estate landscape.
Table of contents S$12.7M resale unit in District 10 Ardmore Park condominium.
As of the publication of this article, the S$12.7 million sale in District 10, which translates to S$4,402 PSF, stands as the highest condo transaction recorded in October 2024. While new condo launches have been stealing homebuyers’ attention, this highest transaction of the month came from a resale unit on the 23rd floor of the 30-storey Ardmore Park, a 23-year-old freehold condo that obtained its TOP in 2001.
This record-setting sale not only highlights the continued allure of prime properties in District 10, but also underscores the everlasting demand for freehold property in Singapore. If we look into the 10 highest recorded transactions in October 2024, 7 of them are freehold properties.
Project NameTenureTypePricePSFDistrictArdmore ParkFreeholdResale12,700,0004,40210Meyer BlueFreeholdNew Launch10,280,0003,43515Meyer BlueFreeholdNew Launch10,080,0003,41815Cape Royale99 yearsResale9,548,0003,06904Turquoise99 yearsResale9,000,0001,30404Corals at Keppel Bay99 yearsResale8,537,4002,55004Leedon ResidenceFreeholdResale7,500,0002,81010Orchard ViewFreeholdResale7,000,0002,76709Amber SkyeFreeholdResale6,750,0001,45815Meyer BlueFreeholdNew Launch6,568,0003,44715Top 10 condo transactions in October 2024. Source: URA
Meyer Blue in District 15 (East Coast/Marine Parade), a freehold condo which is launched early this October, made it into the list several times. The 4-room unit at Ardmore Park has a higher PSF compared to the 6-room new launch most likely because it offers a more well-thought-out, spacious layout. Ardmore Park’s location being closer to the CBD
