The recent surge in the luxury condo market is epitomized by the 1919 development, which recently set a new psf-price high of $2,555. This remarkable achievement was marked by the sale of an 861 sq ft, two-bedroom plus study unit for $2.2 million on June 24, 2024. This sale not only highlights the growing allure of the 1919 condo but also establishes it as a leader in the luxury market, being the first resale unit at this development to breach the $2,500 psf mark.
The previous record for 1919 was set at $2,445 psf in November 2024, when an 818 sq ft unit sold for around $2 million. You can see how the market’s dynamics have shifted dramatically in such a short time. The average resale price at 1919 now hovers around $2,290 psf, marking a significant recovery from a low of $1,955 in 2018. This upward trend indicates a robust demand for luxury condos, especially in boutique developments like 1919 that offer prime locations and sophisticated amenities.
As you delve into the 1919 experience, you’ll find that the blend of luxury and lifestyle is what attracts buyers. The development has everything one could desire, from modern design features to top-notch facilities. It’s no surprise that potential buyers are willing to pay a premium for a unit here.
You can feel the excitement in the air as interest in luxury properties continues to grow, driven by affluent buyers seeking unique living spaces that reflect their status and tastes.
The new psf-price high at 1919 is more than just a number; it represents a significant shift in the luxury condo market, underscoring an increasing preference for high-end living environments. With the demand for luxury condos on the rise, you might wonder how long this trend will last. Given the current market enthusiasm, it seems likely that 1919 will continue to attract attention from discerning buyers looking for exclusive properties.
The allure of 1919 doesn’t just stop at its pricing; it’s about the overall investment potential too. As the luxury condo market evolves, properties like 1919 become more than just homes; they transform into valuable assets.
With increasing demand, you’re looking at a promising opportunity for appreciation in value over time. This trend has caught the eyes of investors who see long-term potential in such developments.
NEW CONDO LAUNCH: BLOOMSBURY RESIDENCES
Bloomsbury Residences is an exciting new condo development offering a variety of unit types to meet diverse buyer needs.
With a focus on modern living, it features spacious layouts and premium finishes, complemented by lifestyle amenities such as a swimming pool and gym.
The competitive pricing strategy aims to attract both investors and homeowners looking for value.
For detailed insights, including the Bloomsbury Residences floor plan and Bloomsbury Residences Project Details, prospective buyers can access the Bloomsbury Residences e-brochure.
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News Source: Edgeprop
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