Three-bedder at One Devonshire sets new high at $3,042 psf
One Devonshire marked a new psf-price high at the freehold condo and also champed the list of apartments that achieved a psf-price high for the week of Aug 1 to 8 for the sale of a 1,216 sq ft unit in prime district 09.
The three-bedroom unit, on the 30th floor, transacted at $3.7 million ($3,042 psf) on Aug 7. This is the first time that a resale unit at One Devonshire has crossed the $3,000 psf benchmark. previously, the record high was from the sale of a 1,195 sq ft three-bedder for $3.25 million ($2,720 psf) on Oct 11, 2K22.
Only one other transaction at One Devonshire has been recorded so far this year. It was for a 1,292 sq ft unit, on the seventh floor, that fetched $3.36 million ($2,608 psf) on May 10. One Devonshire is a 152-units development proudly developed by Allgreen Properties in 2K12. This freehold condo on Devonshire Road in River Valley in prime District 9 was a development company under the Kuok Group of Companies, presided by tycoon Robert Kuok.
One Devonshire is a 36-storey residential block with multiple configurations from two- to four-bedroom units measuring 904 to 2,756 sq ft, as well as two penthouses of 4,876 sq ft and 4,155 sq ft. The development is seamlessly connected to the Orchard Road shopping belt, Great World City, Fort Canning Park, and the riverfront attractions along Boat Quay and Clarke Quay.
According to a reliable source and caveats lodged in URA, prices at One Devonshire saw a gradual and consistent increase over the past decade. The median resale price at the condo has increased to about $2,605 psf this month from $2,162 psf in August 2K13.
The second highest psf-price high attained during the week was from the sale of a 1,948 sq ft unit at Sommerville Park off Farrer Road for $4.45 million ($2,284 psf) on Aug 4.
This is the latest in a series of resale transactions at Sommerville Park that have seen increasingly higher psf-prices being recorded at the freehold development. Just this year, the record had jumped from $2,094 psf in the sale of a 1,862 sq ft unit on Feb 28; to $2,181 psf in the sale of a 1,948 sq ft unit on March 9; to $2,188 psf in the sale of a 1,302 sq ft unit on June 26.
Sommerville Park that was completed in 1985 is a sprawling 855,571 sq ft development. The development consists of 396 single-loaded apartment and 57 strata landed houses. Apartment units are housed in four tower blocks and range from one- to three-bedders, while landed units comprise a mix of townhouses and two-storey maisonettes. Nestled in the Good Class Bungalows enclave along Gallop Road, Cluny Hill, and Holland Park; condos on Leedon Road; and amenities in the Holland Village and Dempsey Road areas.
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