The sale of a two-bedroom unit at Hill House marked the highest psf-price achieved among private condos from Feb 7 to 16. The 999-year leasehold development set a new record of $3,398 psf when the 452 sq ft unit on the eighth floor was sold by the developer for $1.54 million on Feb 16. This transaction narrowly surpassed the previous peak of $3,378 psf set on Feb 11 when a similar unit on the eighth floor was sold for $1.53 million.
Singapore’s strong economy, stable political landscape, and excellent living standards have made investing in a condo a top choice for both local and foreign investors. With a thriving real estate market, there are endless opportunities available, and condos are particularly appealing for their convenience, amenities, and potential for lucrative returns. If you’re considering investing in a Singapore condo, here are some key factors to keep in mind and steps to take to ensure a successful investment. Singapore Condo should definitely be on your radar.
Hill House is a boutique condo located in prime District 9, comprising of 72 units and launched in 2022. It consists of mostly one-bedroom units of 431 sq ft, as well as a few two- and three-bedroom units ranging from 452 sq ft to 753 sq ft. Its location at the top of Institution Hill, off River Valley Road, makes it a highly sought-after development.
According to URA caveats, 37 units (51.4%) have been sold at Hill House since its launch in November 2022, at an average price of $3,152 psf. The development is currently under construction and is expected to be completed in 3Q2026. In the first two months of 2024, eight units were transacted at an average price of $3,190 psf, including a 753 sq ft, three-bedroom apartment that was sold for $2.39 million on Jan 5.
The second highest psf-price achieved during this period was at The Tresor, a 62-unit development located on Duchess Road in prime District 10. A resale transaction of a 1,421 sq ft unit on the fifth floor set a new high of $2,625 psf when it was sold for $3.73 million on Feb 10. This surpassed the previous peak of $2,501 psf in March 2024, when a 1,399 sq ft, three-bedroom unit on the second floor was sold for $3.5 million.
The Tresor, which was completed in 2007, comprises two-, three- and four-bedroom apartments ranging from 990 sq ft to 2,896 sq ft. It is strategically located within a five-minute walk to Tan Kah Kee MRT Station on the Downtown Line, and close to amenities such as Coronation Shopping Plaza and Serene Centre.
The third highest psf-price achieved during the period in review was at Jadescape, a 99-year leasehold condo that was launched in 2022. A 1,647 sq ft, four-bedroom unit on the 22nd floor was sold for $4.05 million on Feb 7, setting a new record of $2,459 psf. This surpassed the previous record of $2,446 psf set in January, when a 1,259 sq ft unit on the 10th floor was sold. The most expensive resale unit at Jadescape to date is a 4,230 sq ft, six-bedroom penthouse that was sold for $10.2 million ($2,399 psf) in December 2024.
Jadescape is located at the junction of Marymount Road and Shunfu Road, with a total of 1,206 units across seven residential towers. It is within walking distance to Marymount MRT Station on the Circle Line and a four-minute walk to Sin Ming Plaza. According to data from EdgeProp Research, Jadescape commands one of the highest average transacted prices among condos within a 1km radius, at $2,192 psf. In comparison, other freehold condos in the vicinity such as the Tresalveo on Marymount Terrace, 183 Longhaus on Upper Thomson Road and Thomson V Two on Sin Ming Road, have average transacted prices ranging from $1,712 psf to $1,912 psf over the same period.
No new record lows were recorded during the period in review. Overall, Hill House, The Tresor, and Jadescape have set new high price points, indicating a strong demand for prime district condos. Interested buyers can look for the latest listings and sale transactions online to stay updated on the market trends.