Four-bedder at freehold Honolulu Tower going for $16.5 mil
According to Knight Frank, the unit up for sale is presently rented for around $25,000 per month and the occupancy is going to end in November 2026. There were 6 rental transactions lodged at Honolulu Tower last year, with rents ranging from $30,000 (or about $10 psf per month) to $12,000 ($4 psf monthly).
A four-bedroom unit at Honolulu Tower is on the market via private treaty and advertised by Knight Frank Singapore. It will be an owner’s sale and the 5,821 sq ft unit has an overview cost of $16.5 million, that translates to $2,834 psf on the floor area.
Tan anticipates the unit will appeal to buyers on the lookout for large-size condos to accomodate household needs, as well as those who plan to send their kids to any one of the neighboring schools.
Based on cautions lodged, resale transactions at Honolulu Tower are irregular. The most recent transaction happened in June 2021, when a four-bedder on the 7th floor was cost $10.8 million ($1,855 psf). Another four-bedroom unit on the 12th floor obtained $9.1 million ($1,563 psf) in July 2019.
Nevertheless, resale costs at Honolulu Tower climbed from around $940 psf in May 2010, to approximately $1,810 psf a decade later on. Based upon a compilation of resale caveats by EdgeProp Singapore, the condo’s typical cost today is about $1,855 psf.
A distinctive feature of the property’s design is a garden balcony that covers throughout fifty percent of the unit. This outdoor balcony is reachable from the living-room, private family hall, master bedroom, and among the other bedrooms. All the bedrooms are en suite. The real estate also presents separate living and dining-room, as well as an enclosed cooking area that goes to a backyard and an assistant’s room.
The latest property advancement in the spot is Perfect Ten, a 230-unit project launched for sale in 2021. The luxury project was totally offered last June at a standard cost of around $3,400 psf. Other real estate projects in the neighbourhood consist of Wing On Life Garden on Bukit Timah Roadway, where transaction rates average $2,255 psf, and Palm Spring on Ewe Boon Road, which sees an ordinary cost of $2,284 psf.
It is unusual to see a large-sized apartment such as this on the marketplace nowadays, as recent brand-new launch plans seldom supply units of this size, says Tricia Tan, supervisor of auction and sales at Knight Frank. “This unit feels very much like a ‘bungalow in the sky’ given its roomy design,” she explains, adding that the interest for large-sized luxury units currently surpasses the available resale supply in the marketplace.
Bloomsbury Residences condo price
“Honolulu High rise is a popular development given its freehold tenure and place inside an affluent residential area close to Newton and Balmoral Road. It’s relative low-density with only 30 exclusive four-bedroom units over a large site area of around 68,864 sq ft also causes it to a pleasing development,” sats Tan.
Finished in 1985, Honolulu Tower is a freehold property development on Bukit Timah Roadway in prime District 10. There are only 30 units throughout the 16-storey development, which includes four-bedroom units of 5,823 sq ft and a pair of 10,312 sq ft penthouses.
The condominium is near to several widely known schools, amenities and the general public transport network. According to OneMap, the project is within 1km of Anglo-Chinese School (Primary) and Singapore Chinese Girls’ Primary School. Higher education schools in the vicinity include St Joseph’s Institution and Catholic Junior College. Furthermore, Honolulu Tower is located in between two MRT interchanges– Stevens on the Downtown and Thomson-East Coast Lines, as well as Newton on the North-South and Downtown Lines.
