One Holland Village Residences’ three-bedroom unit has set a new record high price of $3,781 psf for private condos from Feb 16 to 21. The unit was sold for $4.68 million on Feb 17, marking the first sale at the 99-year leasehold development this year. The sellers had previously purchased the unit for a lower price of $4.19 million in November 2023, making a profit of about $490,000. This transaction surpasses the project’s previous record of $3,426 psf, achieved in August 2022.
One Holland Village Residences, a 296-unit development in District 10 launched in 2019, comprises one- to five-bedroom units ranging from 489 sq ft to 3,455 sq ft. The most expensive unit transacted at the development was a five-bedroom apartment sold for $11.4 million or $3,300 psf.
Boutique condo Hill House, located at the top of Institution Hill, off River Valley Road, saw the second-highest psf-price for the period in review. On Feb 21, a 452 sq ft, two-bedroom unit on the ninth floor was sold for $1.538 million, setting a new record of $3,402 psf. This comes just four days after another 452 sq ft, two-bedroom unit on the eighth floor was sold for $1.536 million, setting the previous record of $3,398 psf.
Including the record-setting transaction, a total of nine Hill House units have been sold since the start of the year at an average price of $3,213 psf. The boutique condo, set to be completed in 3Q2026, is five minutes away from River Valley Primary School and close to shopping malls such as New Bahru.
Lastly, a new psf-price high was also set at Chuan Park Condo along Lorong Chuan, with a 732 sq ft, two-bedroom unit sold for $2.04 million ($2,785 psf) on Feb 19, narrowly surpassing the previous record of $2,765 psf set in November 2023. The development comprises two- to five-bedroom apartments from 700 sq ft to 1,841 sq ft and has sold 744 units since its launch in November 2024, at an average price of $2,589 psf. It is set to be completed in 2028, and is located near Lorong Chuan MRT Station and Nanyang Junior College.
Rewritten:
Investing in a condo in Singapore has become a top choice for both local and foreign investors, thanks to the country’s strong economy, stable political climate, and excellent quality of life. The real estate market in Singapore presents a plethora of opportunities, with condominiums being a highly attractive option due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, considerations, and necessary steps for those looking to invest in a condo in Singapore.