Three-bedder at One Devonshire sets new high at $3,042 psf
One Devonshire, A freehold condo in prime district 09, marked a refreshed psf-price with new high psf and also champed the list of apartments that achieved a psf-price high for the week of Aug 1 to 8 when a 3 -bedder exchanged hands.
The 1,126sft unit, located on the 30th floor, transacted for $3.7 million ($3,042 psf) on Aug 7. This is the first time that a resale unit at One Devonshire has exceeded the $3,000 psf benchmark. previously, the record high was from the sale of a 1,195 sq ft three-bedder for $3.25 million ($2,720 psf) on Oct 11, 2K22.
So far this year, There is only one resale transaction in One Devonshire which is the sale of a 1,292 sq ft unit, on the seventh floor, that exchanged hands for $3.36 million ($2,608 psf) on May 10. One Devonshire is a freehold development proudly constructed by Allgreen Properties in 2K12. This freehold condo in River Valley on Devonshire Road in prime District 9 was a development by company under the Kuok Group of Companies, presided by tycoon Robert Kuok.
One Devonshire is a 36-storey residential block consists of 152 units with multiple layouts to cater to diverse profile of buyers from two- to four-bedroom units measuring 904 to 2,756 sq ft, as well as two penthouses of 4,876 sq ft and 4,155 sq ft. The development is seamlessly connected to the Orchard Road shopping belt, Great World City, Fort Canning Park, and the waterfront amenities along Boat Quay and Clarke Quay.
prices at One Devonshire saw a steady and prompt increment over the past decade. According to a reliable source and caveats lodged in URA, The median resale price at the condo has increased to about $2,605 psf this month from $2,162 psf in August 2K13.
The second highest psf-price high attained during the week was from the sale of a 1,948 sq ft unit at Sommerville Park off Farrer Road for $4.45 million ($2,284 psf) on Aug 4.
This is the latest in a series of resale transactions at Sommerville Park that have seen increasingly higher psf-prices being recorded at the freehold development. Just this year, the record had jumped from $2,094 psf in the sale of a 1,862 sq ft unit on Feb 28; to $2,181 psf in the sale of a 1,948 sq ft unit on March 9; to $2,188 psf in the sale of a 1,302 sq ft unit on June 26.
Sommerville Park, The District 10 development, was completed in 1985 sits on a sprawling 855,571 sq ft land. The development is Nestled in the Good Class Bungalows enclave along Gallop Road, Cluny Hill, and Holland Park; condos on Leedon Road; and amenities in the Holland Village and Dempsey Road areas. The charming and rustic development consists of 396 single-loaded apartment and 57 strata landed houses. Apartment units are housed in four tower blocks and range from one- to three-bedders, while landed units comprise a mix of townhouses and two-storey maisonettes.
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