Hundred Palms is likely the first Executive Condo to breach the $3 million mark ($3,058,888) for a resale, non-penthouse unit, with the Option secured as we write this. This is for a 1,528 sq. ft. unit on the 13th floor, which comes to about $2,001 psf (breaking a record not just for the quantum, but the psf as well). It probably isn’t surprising that Hundred Palms is the first, as some might call it the EC equivalent of Pinnacle @ Duxton or Sky Dawson: a project known for producing high quantum resale units. But is this an outlier, or does it mean more for the wider property market? What made the pricing palatable? First, Hundred Palms has seen good demand since its launch in 2017, when it sold out in around seven hours. We also covered the strength of its mature location here a while back, when we noticed it was near the end of its MOP. While it’s not the nearest condo to an MRT station...