One Bernam hits new psf high of $3,351

In the first week of August, One Bernam set a new psf-price high of $3,351 psf after the developer sold a 452 sq ft, one-bedroom unit on the 30th floor for about $1.51 million on Aug 4.

One Bernam is a 99-year leasehold mixed-use development on Bernam Street in the Tanjong Pagar area of District 2. The project comprises a 35-storey tower housing 351 residential units, with one- to three-bedroom layouts ranging from 441 to 1,421 sq ft. The condominium also features three penthouses measuring between 1,744 and 4,306 sq ft. In addition, the development includes a two-storey retail podium spanning 15,726 sq ft and a floor of 13 serviced apartments.

The development is within walking distance of Tanjong Pagar MRT Station on the East-West Line and the upcoming Prince Edward Road MRT Station on the Circle Line. It is also close to Cantonment Primary School.

Launched in May 2021, One Bernam has sold 228 units, or about 65% of the total, at an average price of $2,582 psf as of Aug 8. The project is expected to be completed in September next year.

Freehold condominium Residences @ Evelyn also reached a new psf-price high during the week, after a 1,528 sq ft, three-bedroom unit on the 32nd floor changed hands for $3.83 million, translating to $2,504 psf. The seller had purchased the unit from the developer in October 2006 for $2.205 million, netting a profit of about $1.6 million from the sale.

The new psf-price high breaks the previous record of $2,441 psf. To date, Residences @ Evelyn has logged four transactions this year at an average price of $2,344 psf, higher than the average price of $2,314 psf recorded across four transactions at the development last year.

Residences @ Evelyn is a freehold condominium located in Novena in District 11. Completed in 2007, the condo has 208 units spread across two 33-storey towers. It offers two- to four-bedroom apartments and penthouses ranging from 1,023 to 3,466 sq ft. The development is within walking distance of the Newton MRT Interchange Station on the North-South and Downtown Lines.

On the other hand, The Myst hit a new psf-price low after the developer sold a 1,163 sq ft, three-bedroom unit for $2.18 million, or $1,877 psf.

The Myst is a 99-year leasehold condominium situated along Upper Bukit Timah Road in Bukit Panjang, District 23. It comprises two 24-storey residential blocks with a total of 408 units, offering one- to five-bedroom layouts spanning 678 to 1,690 sq ft.

Launched in July last year at an average selling price of $2,057 psf, the condominium has sold 257 units, or 63% of the total units, as of Aug 10. It is slated for completion in 2029.

The Myst is within walking distance of Cashew MRT Station on the Downtown Line. It is also close to Assumption Pathway School and Greenridge Secondary School.