Prices at Park Infinia hit S$2180 psf
Selling prices at Park Infinia at Wee Nam reached a historic record of S$2,180 psf last month, the second time prices at the three-year old condominium along Lincoln Road have exceeded the S$2,000 psf mark.
In April, a 560-sq ft unit on the 30th floor was sold for S$1.13 million (S$2,019 psf).
Developed by Keppel Land, Park Infinia features a wide array of facilities, such as tennis courts, a swimming pool and clubhouse. The development has a combination of one- to four-bedroom units and penthouses, sized from 560 to 3,315 sq ft.
The 486-unit condo is a few minutes' drive to the Novena and Newton MRT stations, Orchard Road shopping belt and central business district (CBD). It is also near renowned schools such as St Joseph's Institution and Anglo-Chinese School.
Meanwhile, the 51-unit The Linc boutique development, located directly across Park Infinia, has had a 1,292 sq ft unit on the 15th floor sold for S$1.82 million, approximately S$1,409 psf, close to the record price of S$1,471 psf when a first-floor unit measuring 646 sq ft was sold for S$950,000.
Prices of condo units in the Newton-Novena area in prime District 11 will likely increase, in anticipation of the upcoming launch of Buckley Classique along Buckley Road, said Anthony Liang, Chief Executive of Liang Long Real Estate.
He noted that the upcoming 64-unit condo project is a redevelopment of the former Buckley Mansion collective site and the 71,812 sq ft freehold bungalow.
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