Record Price High 2697 Psf Set Stirling Residences

Please rewrite the attached article with the following changes.The recent sale of a two-bedroom unit at Stirling Residences has set a new record for the highest psf price at the 99-year leasehold condominium. The 678 sq ft unit, located on the 25th floor, was sold for $1.83 million on Sept 18, with a psf price of $2,697. This transaction also tops the list of condos that have set new psf prices from Sept 12 to 23, with no new lows recorded during this time period.

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This new record at Stirling Residences surpasses the previous one set by a 678 sq ft two-bedroom unit on the 39th floor, which was sold for $1.82 million on July 28, with a psf price of $2,681. The most expensive unit sold at Stirling Residences so far is a 1,346 sq ft four-bedroom unit on the 22nd floor, which was transacted for $3.55 million in December 2020.

Stirling Residences is a prestigious development located on Stirling Road in District 3, with a total of 1,259 residential units. Developed by Chinese developer Nanshan Group and Hong Kong-listed property developer Logan Holdings, the project was launched for preview over the June 30-July 1 weekend back in 2018. However, the preview period was cut short after the government announced new property cooling measures on July 5, which would take effect the next day.

Despite the unexpected cooling measures, Stirling Residences managed to sell close to 200 units overnight, at an average selling price of $1,800 psf. Another project that saw a rush of sales that night was the 805-unit Park Colonial in District 13, with more than 300 units sold at an average price of $1,700 psf.

Despite the setback, Stirling Residences continued to see steady sales progress over the next few months and was eventually fully sold in June 2022. According to a compilation of caveats by EdgeProp Singapore, the current average price at Stirling Residences stands at approximately $2,380 psf.

In addition to Stirling Residences, another development has also set a new record for the highest psf price. A two-bedroom unit at Angullia Park Residences @ Orchard was sold for $2.5 million on Sept 12, with a psf price of $2,670. The previous record at this freehold condominium was held by a three-bedroom unit on the 13th floor, which was sold for $2.65 million in March 2020.

This year, three resale transactions have been recorded at Angullia Park Residences @ Orchard. The other two transactions were a two-bedroom unit on the third floor that sold for $2.45 million on Aug 29, and another two-bedroom unit on the seventh floor that sold for $2.15 million on Aug 5.

Angullia Park Residences @ Orchard is a luxury development located on Cuscaden Walk in prime District 10, with a total of 46 units. Completed in 2010, this 19-storey tower offers a mix of two- and three-bedroom units as well as three penthouses.

Based on a compilation of resale caveats by EdgeProp Singapore, prices at Angullia Park Residences @ Orchard have increased from approximately $2,060 psf in September 2017 to $2,350 psf in September 2020. The current average price is now around $2,530 psf.

Another project that has also set a new record for the highest psf price this week is Parc Esta. On Sept 12, a four-bedroom unit on the 11th floor was sold for $3.16 million, with a psf price of $2,575. This transaction has surpassed the previous record set by a three-bedroom unit which was sold for $2.85 million in December 2020.

This freehold project comprises of 1,399 units and is located on Sims Avenue in District 14. Developed by MCL Land, this development is close to Eunos MRT Station on the East-West Line. It offers a range of units from one- to five-bedroom apartments, spread across nine 18-storey residential towers.

After its launch in November 2018, Parc Esta managed to sell 16% of its units, with 235 units sold in its first month of sales. The project was fully sold out by April 2022. Based on caveats, the current average price at the condominium is approximately $2,270 psf.