Fort Road condo record inches up 1.1% to $2,100 psf

A 1,238 sq ft three-bedroom apartment at One Fort on Fort Road sold for $2.6 million on 31 August 2026, setting a reported project record of $2,100 per sq ft (psf).[S1] The sale matters to East Coast buyers because it provides a fresh price reference—but the size of the increase is less dramatic than the record label suggests.

The previous reported high was $2,078 psf, from a 1,227 sq ft three-bedroom apartment that sold for $2.55 million in January 2025. The new high is therefore only $22 psf, or about 1.1%, above the old record.[S1]

A small step up, not a district-wide leap

One Fort is a freehold condominium completed in 2005, with 79 apartments on Fort Road.[S4] Its modest unit count means a single sale can reset the project record even when the price difference from the previous high is narrow.

The wider market was mixed around the time of the transaction. The Urban Redevelopment Authority (URA) reported that prices of non-landed private homes in the Rest of Central Region fell 1.2% quarter on quarter in the second quarter of 2026, reversing a 0.8% increase in the preceding quarter.[S2]

Resale activity nevertheless increased. URA recorded 3,813 private-home resale transactions in the second quarter, up from 3,225 in the first—an increase of 588 transactions, or roughly 18%.[S2] Put together, the figures show that more resale deals can take place even while a broad regional price index softens.

That regional index is useful background, not a valuation for One Fort. A buyer comparing homes should give more weight to recent transactions within the same development, followed by similar nearby projects, than to a broad quarterly number covering many different estates and property types.

Three bedrooms are not automatically dual-key

The record apartment was described only as a three-bedroom home. Nothing in the supplied transaction evidence establishes that it has a dual-key configuration.

A genuine dual-key layout should provide two meaningfully independent living zones within one property. Buyers commonly look for features such as a shared foyer followed by separate internal entrances, suitable bathrooms and enough day-to-day facilities for each side to function with privacy.

A conventional three-bedroom apartment can still work well for a multigenerational family. A parent might have a bedroom and nearby bathroom while sharing the entrance, kitchen and living room with everyone else. That creates personal space, but it is not the same arrangement as two independently usable zones.

The distinction matters because floor area alone cannot show how comfortably two household groups can live together. Before comparing a three-bedroom resale with a dual-key home, examine the approved floor plan and ask:

• Must one household cross the other’s living room to enter or leave?
• Which entrance, kitchen and laundry areas are shared?
• Can both sides receive visitors without disrupting the other?
• Where will noise travel when doors are closed?
• Does each side have practical storage and bathroom access?

These details often reveal more about privacy than the bedroom count or psf figure.

Test the household plan before the rental story

A dual-key home may support several family arrangements: adult children seeking more independence, older parents living nearby or an owner occupying one zone while renting the other. But buyers should start with the intended household use, not assume that every divided layout will produce the same rental outcome.

Nearby one-bedroom rents are only rough comparisons. A dual-key secondary zone may have a different entrance arrangement, kitchen setup, size and level of privacy from a standalone one-bedroom apartment. An advertised rent is also not a completed tenancy, so using it directly to calculate yield can create a misleadingly neat answer.

Financing should likewise be assessed as a commitment tied to the whole property. A practical budget includes the mortgage, maintenance charges, property tax, insurance and an allowance for repairs or periods without rental income. If the purchase works only when the secondary zone is continuously occupied at an optimistic rent, the household has little room for disruption.

Any plan involving separate occupants should also be checked against the property’s approved configuration, applicable occupancy rules and the condominium’s by-laws. “Dual-key” describes a layout concept; it should not be treated as automatic permission for a particular leasing or co-living arrangement.

A caveat records price, not lived experience

URA’s public transaction service covers caveats lodged for resale deals and developer Options to Purchase issued during the preceding 60 months. URA notes that lodging a resale caveat is not mandatory, so the service may not contain every transaction.[S3]

The records are valuable for establishing comparable prices, but they do not tell a buyer whether a home has quiet separation, useful entrances or a secondary zone that functions well. Those questions require the actual floor plan and a physical inspection.

For One Fort, the best price comparisons would be recent apartments in the same development with similar floor areas and bedroom counts. Where few such deals exist, nearby freehold condominiums of a similar age can provide another reference, with sensible adjustments for location, condition, facilities and layout efficiency.

The clearest reading of the new record is therefore quite modest: One Fort’s reported high moved up by about 1.1%. For a household seeking dual-key flexibility, that price evidence becomes useful only after confirming that the home being considered actually provides the privacy and independent living zones the household needs.