Goodwood Residence achieves new high of $2,988 psf

The other nearby malls such as Balmoral Plaza, The Star Vista, and Raffles Holland V also offer a plethora of dining options. In addition, the private apartment complex Holland Village MRT Condo is conveniently located near the MRT station, making it an ideal location for young professionals. With its proximity to a number of restaurants, cafes, and shopping centers, there’s no shortage of attractions for those looking to explore the area.

Conveniently located along Bukit Timah Road in District 10, Goodwood Residence is a freehold condo developed by Guocoland’s Goodwood Residence Development. Completed in 2013, the condo has 210 units and was designed by local architecture company Woha. It recently topped the list of condos that saw new psf-price highs between September 19 and October 3.

The impressive condo recorded the sale of a 10,710 sq ft, five-bedroom penthouse for $32 million on September 27. It turns out that the seller and first owner of the unit had purchased the unit in June 2014 for $15.6 million ($1,457 psf), meaning they made an impressive profit of $16.4 million on the sale. The penthouse features five bedrooms, a dedicated wine room, and a roof terrace.

This transaction is the sixth one at Goodwood Residence this year. Prior to this, a 2497 sq ft two-bedder was sold for $7.15 million in June. Interestingly, the September 27 transaction also beat the condo’s previous high of $2,940 psf, set when a four-bedder changed hands for $7.5 million in November 2017.

According to EdgeProp LandLens, 38.6% of Goodwood Residence’s buyers are Singaporeans, while 28.2% consists of permanent residents, and the remaining 24.3% are foreigners.

Park Place Residences at Paya Lebar Quarter (PLQ) also saw a high of $2,442 psf when a 484 sq ft one-bedder was sold for $1.18 million on September 29. This beat the condo’s previous high of $2,427 psf when a 667 sq ft two-bedder was sold for $1.62 million back in July last year. It turns out that the seller had bought the property at $1.005 million in April 2018, making a decent profit of $178,000 on the sale.

Developed by Lendlease and completed in 2019, Park Place Residences consists of 429 units ranging from one- to three-bedrooms with sizes of 474 to 1,367 sq ft. 20 units have been sold at an average price of $2,156 psf over the past 12 months. As part of PLQ, it boasts excellent connectivity due to direct access to the Paya Lebar MRT Station on the East-West Line.

Buckley Classique, a freehold condo on Buckley Road in Novena, also saw a new psf-price high in District 11, following the sale of a 1410 sq ft, three-bedroom unit for $3.25 million ($2,305 psf) on the 21th of September.
This price was much higher than the previous psf-price high of $2,300 psf recorded with the sale of a 1,410 sq ft two-bedder at $3.24 million in April 2013. It’s the third transaction that the condo has seen this year, following a 3,563 sq ft four-bedder that changed hands for $6.48 million ($1,819 psf) in February and a 1,475 sq ft three-bedder for $3.2 million ($2,170 psf) in July.

Developed by City Developments and completed in 2014, Buckley Classique consists of 64 one- to five-bedroom units occupying between 1,098 and 4,359 sq ft. 60% of its buyers are Singaporeans.

No new psf-price lows were recorded during the period in review.