The 1919 condo has reached a remarkable milestone in its resale market, achieving a new psf-price high of $2,555 during the week of June 20 to 27. This significant achievement highlights the growing desirability of the property, particularly within the luxury segment of the real estate market. The surge in price reflects not only the quality and appeal of the 1919 condo itself but also the broader trends in the market for upscale residential properties in Singapore.
A notable transaction during this period was the sale of a two-bedroom plus study unit at 1919 for $2.2 million on June 24. This sale marked a historic moment as it became the first resale unit in the development to exceed the $2,500 psf threshold, further solidifying the reputation of the 1919 condo as a premier choice for discerning buyers.
The previous record for psf price at the development was set in November 2024, when an 818 sq ft unit sold for $2 million, achieving a psf of $2,445. The recent transaction not only broke this record but also underscored the increasing momentum in the luxury property market.
The average resale prices at 1919 have shown a notable rebound, now estimated at $2,290 psf, a significant increase from the low of $1,955 recorded in 2018. This recovery is indicative of a revitalized interest in luxury condos, as buyers increasingly seek out properties that offer both exclusivity and premium amenities.
The 1919 condo, positioned in prime District 9, benefits from its boutique development status, attracting buyers who are drawn to its unique characteristics and high-end offerings.
The growing demand for luxury condos in Singapore is reflected in the price surge at 1919. This demand is driven by various factors, including a recovering economy and a shift in buyer preferences towards high-quality residences. As the market continues to evolve, properties like 1919 are positioned to benefit from the influx of affluent buyers looking for investment opportunities in sought-after locations.
In addition to its impressive sales figures, the 1919 condo’s allure is enhanced by its architectural design and the lifestyle it offers. Buyers are increasingly prioritizing not just the physical attributes of their homes but also the overall living experience.
This trend plays a pivotal role in the rising psf prices, as more individuals seek residences that align with their lifestyle aspirations.
NEW CONDO LAUNCH: BOULEVARD COAST
Boulevard Coast is a newly launched condo development offering a range of unit types, from one-bedroom apartments to family-sized homes.
Designed with contemporary architecture, the project features amenities such as a swimming pool and fitness center, enhancing residents’ lifestyles.
With attractive pricing strategies, Boulevard Coast aims to appeal to both investors and homebuyers, especially young professionals and families.
Early sales indicate a strong demand in the area.
View Boulevard Coast Condo ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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