Three Three Robin reaches new high of $2,465 psf

Sturdee Residences is a 99-year leasehold condo on Beatty Street in District 8 that was completed in 2019. The 305-unit condominium was created by SL Capital, a branch of local property development business Sustained Land. Located near to Farrer Park MRT Station, the development is a 30-storey twin-tower plan with a blend of one- to five-bedroom units that range from 420 to 1,830 sq ft.

A different property development that hit a brand-new psf-price high is Mountbatten Lodge, a property condo on Mountbatten Road in District 15. A one-bedroom home on the very first level estimating 334 sq ft unit altered hands for $650,000, or $1,948 psf, on July 28. The deal exceeds the last file of $1,745 psf signed up in May, when a 355 sq ft unit was offered for $620,000.

Three Three Robin, a freehold condominium on Robin Road in top District 10, climbed the listing of apartments that saw a fresh psfprice high between July 28 and Aug 1. This was attained with the sale of a 1,582 sq ft, three-bedroom unit on the sixth ground for $3.9 million, or $2,465 psf, on July 28. The purchase marks the first time the property development has actually moved across the $2,400 psf limit, and also defeats the past high of $2,389 psf started March 2022 when a 1,582 sq ft unit switched hands for $3.78 million.

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Sturdee Residences additionally obtained a new psf-price high throughout the time period in evaluation with the revenue of a 420 sq ft unit for $898,888, or $2,141 psf, on Aug 1. The owner of the one-bedroom unit on the 27th floor had acquired it from the property developer in May 2016 for $752,400 ($1,792 psf), which suggests they made a gain of around $146,000 or 19% on the sale. The dealing surpasses the last psf-price high at Sturdee Residences logged in June, when a 420 sq ft flat was offered for $888,000 or $2,115 psf.

The unit offered on July 28 is the first apartment at Three Robin to switch hands this year. Prior to that, one of the most latest reselling deal at the property development occurred a year back when a 1,636 sq ft unit on the eighth level retrieved $3.75 million ($2,292 psf) in July 2022.

No new psf-price lows were documented throughout the period in review.

Three Three Robin is a property by SC Global Developments which was finalized in 2005. The store development has already 36 units residency in a single block. Units comprise two- to four-bedders in between 1,367 and 4,855 sq ft.

Mountbatten Lodge was completed in 1998 with just 28 residential units. Apartments make up one- and two-bedders in between 280 and 721 sq ft. The development lies throughout the upmarket residential enclave that lines Mountbatten Roadway in the East Coast. Throughout the path from Mountbatten Lodge is Liv@MB, the upcoming 298-unit residential project by Bukit Sembawang Estates.

Based upon caveats lodged with URA, the unit offered on July 28 had been purchased by the seller from the property developer in September 2004 for $1.69 million ($1,067 psf). This suggests they made a profit of $2.21 million (131%) on the purchase.

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