Although new suburban homes have been all the rage of late, prime district properties are not going to willingly take a back seat. Despite having suffered a slight setback when the cooling measures were implemented, some choice residential developments in the area are still owning the charts, if not in sales, then in rent.
Homes in the prime district 9 have always fetched premium prices, especially with the proximity to town. Cairnhill, Killiney, Leonie Hill, Orchard and Oxley are all within or near the prime shopping district. Up@Roberston Quay has proven quite the head-turner for buyers and renters. So their price tag shows. Units are going for an average of $2,437 psf. And it is only a 99-year leasehold property.
If it’s freehold you’re looking for, then there’s the Rivergate nearby. Two and three-bedder units here are going for $2,255 psf. Other equally popular properties nearby include Watermark Robertson Quay, Sophia Residence and Residences @ Killiney.
Further away from town, in the 10th district of Bukit Timah, Grange Road, River Valley, Tanglin Road and Holland Road, the D’ Leedon private condominium continues to take top spot on the leaderboard. It’s proximity to Farrer Road MRT station could have taken it up a notch. Hot on the heels are The Tessarina, The Legend and The Trizon. But if it’s smaller two and three-bedroom units you are looking for, the 248-unit Parvis has the highest asking price at $2, 062 psf.
Are more higher-end luxury properties truly seeing a slack in buyers’ interest or is it merely a slight hiccup?