Sky Everton six-bedroom unit was sold for $7.59 million
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A penthouse with six bedrooms located at Sky Everton fetched a new price per square foot. The 2,228 square feet unit was offered through developer SL Capital — an entity that is a combination of Sustained Land, Ho Lee Group, Kwong Lee Land and Penjuru Capital — for $7.59 million on the 26th of July which is equivalent to $3,406 per sq ft.
Sky Everton is an open-hold development that is situated in Everton Road in District 2. The development consists of a 36-storey building which will be home to 262 residents. The units are comprised of one-to four-bedroom units with sizes ranging from 463 sq ft up to 1,345 sq feet. Additionally, there are four penthousestwo five-bedders that measure 1,819 sq ft , and two six-bedders that measure 2,228 square feet.
The development went on sale in June 2019 with over forty% of homes sold on the launch weekend, with an average cost of $2,500 per square foot. Based on analysis of EdgeProp Singapore’s research tool the development has seen regular sales and prices have steadily increased by an average $2865 psf during the past 12 months of August.
The penthouses of three in Sky Everton were sold this year which included the penthouse with 2,228 square feet that was sold on the 29. The second 2,228 sq ft penthouse was sold on March 31, at $7.11 million ($3,189 per square foot) which was the most expensive transaction ever reported by Sky Everton at the time. In addition, one of the two penthouses of 1,819 square feet was sold on January 30th for $5.69 million ($3,127 per square foot). Sky Everton is within walking distance from the planned Cantonment MRT Station on the Circle Line and is scheduled to be completed in 2023.
Another planned development, One Bernam, also had a new psf highest after a single-bedroom unit that was 452 square feet at the top of 26th was bought through developer developer to a buyer for $1.37 million ($3,039 per square foot) on July 25.
One Bernam is an 99-year leasehold mixed-use project situated on Bernam Street which is located just off Anson Road in District 2’s Tanjong Pagar area. This is a joint-venture venture that is a partnership between MCC Land and Hao Yuan Investment. Alongside 351 housing apartments, One Bernam comprises a two-storey retail platform comprising 15,726 square feet as well as an upper floor that houses serviced apartment units that have 13 keys.
The residences at One Bernam was launched to the market in May of last year. So far, 121 homes (34%) have an average price of $2,467 per sq ft according to caveats that were lodged. The units in One Bernam comprise a mix of oneto three bedroom unitsthat range in size between 452 and 1,421 sq feet. There are two penthouses with three bedrooms that measure 1,744 sq ft and 1,948 sq ft and the biggest penthouse is home to five bedrooms and covers 4,306 square feet. It is situated just a few steps away from Tanjong Pagar MRT Station on the East-West Line.
In the meantime, One Meyer -an apartment that is freehold in Meyer Place within District 15, which is located on the Marine Parade — saw the lowest price of cost as a 926 square feet 3-bedroom apartment was purchased to a buyer for $2.24 million ($2,419 per square foot) on the 28th of July. The sale marks the final residence at the boutique development of 66 units through Sustained Land, which means it’s 100% sold. The project, which went up on the market in March 2019 it saw its units being sold for an average of $2,580 in the last three years.
The units at One Meyer are comprised of smaller one-, two and three-bedroom homes in sizes that range between 614 and 1,033 sq feet. The project, which is scheduled to be completed by mid-2023 and is situated right between Katong Park and Katong Park MRT Station on Thomson East Coast Line, set to begin operating in 2024.