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JUST SOLD: Tomlinson Heights unit sold at $12.2 million

By Tan Chee Yuen

/ The Edge Property |

December 15, 2016 1:23 PM SGT

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A 4,047 sq ft, five-bedroom unit at Tomlinson Heights was sold for $12.2 million on Dec 5. The unit is located on high floor and the price works out to be $3,014 psf, the highest since September 2014 when a 4,004 sq ft unit located two floors above fetched $3,092 psf. Recently, two comparable units of similar size and floor levels fetched $12 million or $2,965 psf each.

Tomlinson Heights is a 70-unit luxury condominium sitting on a freehold land in prime district 10. Completed in August 2014, the project features sizeable units, with three-bedroom units from 2,745 sq ft, five-bedroom units from 4,004 sq ft and penthouses at 4,941 sq ft.

In the landed housing segment, a Good Class Bungalow (GCB) at Holland Park fetched $25.5 million, or $1,691 psf on a land area of 15,080 sq ft on Dec 2. There were 19 GCBs sold above the $20 million mark so far this year, compared to 17 last year. Average price of those GCBs changed hands this year is $1,395 psf, up 1.6% from $1,373 psf in 2015.

Number of GCB transactions sold above the $20 million mark

Year	No of GCB sales	Average price ($ psf on land area)
2016*	19	1,395
2015	17	1,373

*As at Dec 13, 2016

Source: URA, The Edge Property

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