Arena Residences Sets Record with $2,213 psf Sale

Experience luxury living redefined at the Arena Residences, where a benchmark-setting sale underscores its value.

Record Sale in Geylang’s Arena Residences A recent sale at the exclusive Arena Residences in Geylang’s District 14 has set the real estate market abuzz, recording a new peak price of $2,213 per square foot. A compact yet chic 603 square-foot two-bedroom unit commanded a cool $1.33 million on October 10, outperforming all other condos in price per square foot for that week​​.

Lentoria showflat location stands out as a beacon in Ang Mo Kio’s emerging Lentor Hills Estate as the jewel in a region filled with striking landmarks.

Profitable Investment Realized This transaction stands out not only for its record-breaking price but also as the sole sale at this boutique development in the current year. With the property originally purchased in January 2019 for approximately $1.11 million, the seller netted a substantial profit, highlighting the property’s escalating value​​.

Strategic Location and High Demand Strategically positioned along Guillemard Lane, the Arena Residences presents an attractive proposition with its accessibility to key transport links and a high take-up rate during its launch phase. Data reflects a strong preference for this development among local buyers and a consistent demand evident in its sales history​​.

A Rental Yield That Attracts Investors The rental yield of approximately 3.6% is another draw for investors, with rental prices ranging between $6.20 and $7.30 per square foot per month, demonstrating the development’s consistent earning potential​​.

Comparative Market Highlights In the same review period, other properties like Camelot By-The-Water and Hazel Park Condominium also hit new highs, underscoring a trend of strong performance in the luxury condo market and the attractiveness of investment in premium properties​​.