K Suites achieves new high of $2,443 psf

SINGAPORE (EDGEPROP) - Freehold boutique development K Suites topped a list of condos that saw new psf-price highs from Nov 1 to Nov 10. The new record of $2,443 psf came from the developer’s sale of an 872 sq ft three-bedroom unit on the fourth floor of the development for $2.13 million on Nov 8. This is the first time that the condo has crossed the $2,400 psf mark. It beats the previous high of $2,196 psf, which was set in May 2023 when the developer sold a 1,270 sq ft four-bedder unit on the first floor for $2.79 million. Located along Lorong K Telok Kurau, off Still Road in District 15, K Suites is a freehold development currently under construction. It comprises a five-storey apartment block with 19 units. The project is a redevelopment of the former Ji Liang Gardens, a collection of six terraced houses that the developer purchased en bloc for $18.6 million in June 2021. Read also: The Shelford hits new high of $2,601 psf Advertisement Advertisement The units at K Suites are a mix of three- to four-bedroom apartments ranging from 797 sq ft to 1,270 sq ft. There is also a four-bedroom duplex penthouse measuring 1,389 sq ft and three five-bedroom duplex penthouses measuring 1,625 sq ft to 1,679 sq ft. Based on caveats lodged, K Suites has moved eight units (42%) to date with an average price of $2,099 psf since residences at the development first started selling in April 2023. Thomson Three also saw a new high during the period in review. This was achieved when a 1,033 sq ft three-bedder on the 19th floor changed hands for $2.46 million on Nov 6, which translates to $2,379 psf. The seller had bought the unit in a resale transaction for $1.86 million ($1,800 psf) in Nov 2021, making a net profit of $598,000. This is the first time that the condo has passed the $2,300 psf mark. The previous high was $2,204 psf, which came from the sale of a similar-sized three-bedroom unit on the 19th floor for $2.28 million on Sept 26. Thomson Three is a 99-year leasehold condo on Bright Hill Drive, off Upper Thomson Road in District 20. Completed in 2016, the development has 435 condo units across 21 storeys. Units comprise one- to four-bedroom apartments spanning 495 sq ft and 1,485 sq ft. The development also features 10 strata semi-detached houses measuring 3,283 sq ft each. Thomson Three is within walking distance of the Upper Thomson MRT Station on the Thomson-East Coast Line. It is also close to the Ai Tong School (Primary). Read also: Mattar Residences achieves new high of $2,400 psf Advertisement Advertisement On the other hand, luxury condo 19 Nassim saw a new psf-price low of $2,947 psf during the period in review. This came from the developer’s sale of a 646 sq ft, one-bedroom unit on the fourth floor of the development at about $1.9 million on Nov 9. This is the first time that the development has dropped below the $3,000 psf mark. It beats the previous record low of $3,001 psf, which came from the new sale of a 678 sq ft one-bedroom unit on the sixth floor of the development for $2.03 million on March 22. Based on caveats lodged, 50 units at 19 Nassim have been sold to date this year at an average price of $3,397 psf. This is 3.7% lower than the average price of $3,524 psf from the sale of eight units at the condo last year. Completed in 2023, 19 Nassim is a 99-year leasehold condo on Nassim Hill in prime District 10. The condo has 101 units housed in a 10-storey residential block. Units range from 538 sq ft to 1,830 sq ft and are a mix of one- to three-bedrooms. According to caveats lodged with URA, the condo has sold 61 (60%) of its units since it first launched for sale in 2020. Check out the latest listings for 19 Nassim properties Ask Buddy What is the buyer profile for K Suites? Condo sale transactions in District 15 Compare price trend of Thomson Three vs District 20 Condo View 2 bedroom floor plans for 19 Nassim Are there unprofitable transactions in Thomson Three? What is the buyer profile for K Suites? Condo sale transactions in District 15 Compare price trend of Thomson Three vs District 20 Condo View 2 bedroom floor plans for 19 Nassim Are there unprofitable transactions in Thomson Three?