Compare price trend of East Coast residences for the last 5 years

To compare the price trend of East Coast Residences over the last 5 years, here are some key observations:

Price Per Square Foot (PSF)

• The average price per square foot (PSF) for units in East Coast Residences has shown a generally stable to slightly increasing trend. For instance, in 2022, the average PSF for 2-bedroom units was around $1,606 PSF, while for 3-bedroom units it was around $1,997 PSF.
• In recent transactions, prices have ranged from $1,249 PSF to $1,648 PSF for various unit sizes, indicating some fluctuation but overall stability.

Unit Prices

• The prices for 2-bedroom units have ranged from approximately $1.45 million to $2.3 million over the last few years.
• For 3-bedroom units, the price range has been from about $1.75 million to $3.98 million.

Transaction History

• Recent transactions show that prices have remained relatively consistent, with some units selling at higher prices due to factors like unit size and floor level. For example, a 1,561 sqft unit sold for $1,950,000 ($1,249 PSF) in September 2023, and a 1,001 sqft unit sold for $1,650,000 ($1,648 PSF) in March 2023.

Overall Trend

• The overall price trend for East Coast Residences suggests stability with minor fluctuations. There has not been a significant spike or drop in prices over the last 5 years, indicating a relatively stable market for this condominium.

This stability reflects the consistent demand for properties in the East Coast area, known for its desirable location, amenities, and proximity to East Coast Park and other local attractions.