The week of August 1 to 8 saw a string of record-breaking transactions for condominiums, with a three-bedroom unit at Commonwealth Towers taking the top spot. The 99-year leasehold development in District 3 reached a new psf-price peak of $2,536 on August 6, when a 43rd floor unit of 1,076 sq ft was sold for $2.73 million.
This sale surpasses the condo’s previous record of $2,460 psf set in December 2024, when a 904 sq ft unit on the 40th floor sold for $2.22 million. Reflecting the rising trend, Commonwealth Towers saw a new psf-price high of $2,536 during this week.
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The most expensive unit to be sold at Commonwealth Towers in terms of absolute price was a 1,302 sq ft, four-bedroom unit on the 39th floor which sold for $2.96 million ($2,273 psf) in November 2024.
Completed in 2017, Commonwealth Towers is a 99-year leasehold condo with two 43-storey blocks housing 845 units. These include one- to four-bedroom apartments ranging from 441 sq ft to 1,302 sq ft. The development has seen a steady increase in average resale prices over the years, with 51 resales at an average of $2,097 psf in 2023, rising to $2,200 psf across 37 transactions in 2024. So far in 2025, there have been 29 units sold at an average of around $2,251 psf, including the record-setting sale on August 6.
Another development that achieved a new psf-price high during this period is the freehold Watermark Robertson Quay. On August 7, an 893 sq ft, two-bedroom unit on the ninth floor was sold for around $2.16 million, setting a new record of $2,419 psf. This beats the condo’s previous record of $2,417 psf, set just three months earlier when a 1,001 sq ft, two-bedroom unit was sold for $2.42 million on May 29.
Located in District 9 along Rodyk Street, Watermark Robertson Quay offers 206 residential units, ranging from one- to four-bedroom units of 1,152 to 2,562 sq ft. So far this year, there have been three other resale transactions at the development, with prices ranging from $2,189 psf to $2,304 psf.
Gallop Gables, a low-density, 102-unit development in prime District 10, also saw a new psf-price high on August 5, when a 1,744 sq ft, three-bedroom unit was sold for $4.12 million, translating to $2,356 psf. This narrowly surpasses the previous record of $2,354 psf set on May 8, when a 1,733 sq ft, three-bedroom unit sold for $4.08 million.
Completed in 1997, Gallop Gables offers two- to four-bedroom units ranging from 1,130 to 3,412 sq ft. The only resale transactions recorded at the development this year were on May 8 and August 5. In 2024, three units were sold at an average price of $2,149 psf.