š Prime CCR Resale Deal Makes Headlines
A luxury three-bedroom unit at Amaryllis Ville has recently shattered records, selling for an impressive $2,263 per square foot (psf)āthe highest ever for this development. Located in Singaporeās prestigious District 11, the transaction affirms growing buyer appetite for well-located, larger units in the Core Central Region (CCR).
š Central Location Fuels Appeal
Amaryllis Villeās location remains one of its biggest selling points:
- 5-minute walk to Newton MRT Interchange (Downtown & North-South Lines)
- Close to Novena Health City, Orchard Road & CBD
- Easy access to elite schools like ACS (Barker) and SJI
- Minutes from shopping malls, eateries, and expressways
Such connectivity makes it ideal for both owner-occupiers and investors looking for long-term value.
š” Deal Snapshot
- Unit Type: 3-Bedroom Condo
- Floor Area: Approx. 1,432 sq ft
- Selling Price: Over $3.24 million
- Record PSF: $2,263 psf
- Unit Level: Mid- to high-floor with city skyline views
- Transaction Date: July 2025
This resale sets a new price benchmark for the 99-year leasehold condo, far exceeding its previous high psf rates.
šļø What Makes Amaryllis Ville Special?
Developed by Wing Tai Holdings, Amaryllis Ville is a well-maintained 311-unit condo with full facilities including:
- Swimming pool, tennis court, gym, function rooms
- Lush landscaping and tranquil surroundings
- 2 residential towers completed in 2004
- Mix of 2- to 4-bedroom layouts suitable for families and professionals
Despite being over 20 years old, the condo remains in high demand due to its central location, spacious units, and mature estate amenities.
š” Why Did This Unit Fetch a Record Price?
Several key factors likely drove the record-setting price:
- Desirable Size: 3-bedroom units above 1,400 sq ft are scarce in CCR condos.
- Prime Location: Newtonās central positioning is attractive to both locals and expats.
- High Floor + Views: City views and privacy drive value, especially in older developments.
- Renovation Appeal: The unit may have featured recent renovations or high-end finishes.
- Tight Supply in CCR: Limited new launches and a shortage of large resale units create upward price pressure.
š Broader Market Impact
This sale is more than a one-offāit reflects a rising trend of confidence in the CCR resale market, especially for:
- Family-sized homes in mature developments
- Freehold or well-located 99-year leaseholds
- Buyers seeking immediate occupancy over waiting for TOPs
With new launches in the CCR commanding upwards of $2,800ā$3,500 psf, properties like Amaryllis Ville offer relative affordability and immediate livability.
Key Takeaways for Buyers & Sellers
Sellers:
- Renovated, well-maintained units with good orientation and high-floor advantages can command record-breaking prices.
- Units in central locations should emphasize unique features like unblocked views, size, and upgraded interiors.
Buyers:
- Watch for undervalued CCR units in mature condosāpricing gaps are narrowing.
- Be prepared to act fast on rare large-unit listings in central districts.
- Consider long-term potential of CCR condos near MRTs and top schools.
Conclusion
The $2,263 psf resale of a 3-bedder at Amaryllis Ville marks a major milestone in Singaporeās private property market. It reinforces the value of strategic location, generous layout, and market timing.
As demand for move-in-ready homes in central districts remains strong, mature developments like Amaryllis Ville may continue to command premium prices, especially as buyers shift focus from new launches to high-quality resale opportunities.