Pullman Residences Newton Achieves Record-Breaking Price of $3,496 psf
Pullman Residences Newton, a prestigious development in Singapore’s prime District 11, has recently reached a new milestone in price per square foot (psf). A 463 square ft one-bedroom unit on the 29th floor was sold for an impressive $1.62 million ($3,496 psf) on April 3.
Unprecedented Prices in a Prime Location
This sale surpasses the previous record at Pullman Residences Newton, where a 667 sq ft two-bedroom unit on the 30th floor fetched $2.33 million ($3,491 psf) on December 3, 2021. The most expensive unit in the development, a 1,378 sq ft four-bedroom apartment, was sold at $4.25 million ($3,083 psf) on September 29, 2022.
Pullman Residences Newton: A Luxury Development by EL Development
Pullman Residences Newton is a freehold development by EL Development that comprises 340 units in total. Boasting a prime location along Dunearn Road, the development is just a three-minute walk from Newton and Novena MRT stations, making it highly accessible for residents. In addition, Singapore Chinese Girls’ Primary School is a two-minute walk from the property.
Unit Types and Sizes
The development offers a diverse range of unit types, from one- to four-bedroom apartments, with sizes varying between 463 sq ft and 1,389 sq ft. Launched in June 2018, Pullman Residences Newton has sold 12 units as of November 10, 2019, and is currently 78.5% sold, according to developer data.
Other Notable High-Price Transactions in the Market
In the same week, Leedon Green witnessed a record-breaking sale as a 1,496 sq ft four-bedroom apartment on the sixth floor fetched $5.19 million ($3,467 psf) on March 31. This transaction surpassed the development’s previous record, established when a comparable four-bedroom unit was sold for $5.07 million – $3387 psf on February 17, 2023.
About Leedon Green
Leedon Green, a freehold condominium project, is the result of a joint venture between MCL Land and Yanlord Land Group. Situated in the prime District 10 on Leedon Heights, the development comprises 638 units and enjoys close proximity to Farrer Road and Holland Village MRT stations, both of which are on the Circle Line. Nearby educational institutions include St Margaret’s Secondary School and Nanyang Primary School, making the location ideal for families with school-aged children.
Lowest Record psf-price: The Gazania
In contrast, the week’s lowest record psf-price was achieved by a 1,851 sq ft four-bedroom unit at The Gazania, sold for $2.97 million ($1,603 psf) on April 3. This transaction marked an all-time low for the development.
The Gazania: A Brief Overview
The Gazania, situated at How Sun Drive in the Serangoon area, is a freehold condominium development in District 19, consisting of 250 units. Completed in 2022 by Singhaiyi, the project is conveniently positioned near Bartley and Serangoon MRT stations, both on the Circle Line. In the vicinity, reputable educational institutions such as St. Gabriel’s Secondary School and Maris Stella High School can be found, making it an attractive option for families with school-going children.
Comparing Developments: Pullman Residences Newton, Leedon Green, and The Gazania
To better understand the real estate landscape, we will compare the key features of the three developments mentioned: Pullman Residences Newton, Leedon Green, and The Gazania.
Location and Accessibility
All three developments are in prime areas, with Pullman Residences Newton in District 11, Leedon Green in District 10, and The Gazania in District 19. In addition, each property is conveniently located near MRT stations, providing residents with easy access to transportation.
Unit Types and Sizes
Pullman Residences Newton, Leedon Green, and The Gazania offer a variety of unit types, ranging from one- to four-bedroom apartments. The sizes of these units vary, catering to the diverse needs of potential buyers and investors. With a mix of unit configurations, these developments suit individuals, couples, and families.
Nearby Amenities and Facilities
Each of the three developments enjoys close proximity to esteemed educational institutions, making them suitable for families with children attending school. Furthermore, the properties are situated near various shopping centers, dining establishments, and leisure facilities, providing residents with convenient access to an extensive array of amenities and services.
Future Outlook and Investment Potential
The record-breaking transaction at Pullman Residences Newton indicates the robust demand for premium properties in Singapore’s prime districts. As a result, investors and homebuyers may consider these developments as potential investment opportunities, given their desirable locations, accessibility, and comprehensive facilities.
In Summary
The recent record-breaking sale at Pullman Residences Newton highlights the strong demand for luxury properties in prime districts within Singapore. The high psf-price achieved by this one-bedroom unit demonstrates the potential for growth and value appreciation in well-located developments such as Pullman Residences Newton.
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