plan2,637 sq ft apartment reportedly sets S$2,801 psf record at The Draycott
A same-sized July sale was S$210,000 lower. The older freehold development’s reported one-year average offers a separate price backdrop.
A 2,637 sq ft apartment at The Draycott reportedly sold for S$7.39 million on 16 October 2026, setting a project record of S$2,801 per square foot. The three-bedroom home was on the 29th floor of the older freehold development on Draycott Park in District 10.
The record becomes more useful with two comparisons beside it. Another three-bedroom apartment of exactly the same stated size had sold for S$7.18 million in July. Separately, the transaction report put The Draycott’s one-year average resale price at about S$2,345 psf as of October 2026. One comparison concerns two individual homes; the other describes a broader set of sales over a year.
Two same-sized apartments, S$210,000 apart
The earlier sale took place on 28 July 2026, at a reported S$2,723 psf. It had set the development’s previous price high. The October transaction was the first reported sale at The Draycott above S$2,800 psf.
| Reported sale | Floor area | Total price | Price per sq ft |
|---|---|---|---|
| 28 July 2026 | 2,637 sq ft | S$7.18 million | S$2,723 |
| 16 October 2026 | 2,637 sq ft | S$7.39 million | S$2,801 |
The difference is S$210,000, calculated from the reported total prices. Against July’s S$7.18 million, that is approximately 2.9%. The two printed psf rates differ by S$78, also about 2.9%, subject to the rounding of the published figures.
Holding the stated area and bedroom count constant makes this a closer comparison than a record involving a much smaller home. It still concerns different apartments. The report does not give enough detail about the July home to attribute the price difference to floor, condition or outlook, and it is not one owner’s investment return.
For someone reviewing a potential sale, this is a specific recent reference: two three-bedroom homes of the same reported size, sold less than three months apart. The total prices remain relevant alongside the psf rates because they show the sums involved in buying that amount of space.
A record sale and a one-year average answer different questions
The reported tabulation of caveats also describes a longer movement at The Draycott. It put the development’s one-year average resale price at S$1,731 psf in October 2016, compared with about S$2,345 psf as of October 2026—an increase the report described as more than 30% over the decade.
Those figures are one-year averages at two different dates. They describe the transactions included in each period, rather than the purchase and resale of a single apartment. Changes in the homes sold can affect that average, so it should not be read as the return earned by a particular owner.
The new record of S$2,801 psf sits S$456 psf above the reported October 2026 one-year average. Dividing S$456 by S$2,345 gives approximately 19.4%. This calculated gap illustrates how far a project’s highest reported transaction can sit above its average; it does not establish a premium available to every apartment.
That is the practical distinction between the two benchmarks. The record identifies a high achieved by one home. The average describes a wider group of transactions over a stated period. Neither becomes a valuation of an available apartment without considering what is actually being compared.
Why the development’s different housing forms matter
Completed in 1980, The Draycott comprises a distinctive 34-storey, tri-cylindrical tower with 132 apartments, alongside four-storey blocks containing two-bedroom apartments and maisonettes.
That mix gives the development-wide average useful context. A single project name covers different housing forms and sizes. The October sale’s 2,637 sq ft area—approximately 245 sq m, calculated using 0.092903 square metres per square foot—also shows the scale behind the three-bedroom description.
An apartment search based only on the project name or bedroom count would lose those distinctions. For this transaction, the important pairing is a substantial reported area and a S$7.39 million total price. A different home at the development may present a different combination of area, physical layout and purchase commitment.
Reading the new high without making it the default
The July sale provides the closest comparison presented in the report because its stated area and bedroom count match. The one-year average provides a broader price backdrop, while the development’s tower and low-rise blocks explain why a project-wide figure can include different kinds of homes.
For an owner or buyer using this sale as a reference, that order is useful: start with a closely comparable transaction, then place it within the wider set of sales. The reported S$2,801 psf high is a new milestone for The Draycott, but the concrete evidence remains one October apartment sale alongside a same-sized July transaction and a separately defined annual average.
