Hill House, a boutique development in prime District 9, has topped the list for condos that achieved new psf-price highs between Nov 10 to 21. The development recorded a new high of $3,267 psf for the sale of a 452 sq ft, two-bedroom unit on the fifth floor, which was sold for $1.48 million on Nov 11. This is just 0.1% higher than the previous high of $3,263 psf that was set in November 2023.
Hill House is a 999-year leasehold condo located on Institution Hill, off River Valley Road. The development has 72 units and was launched in 2022. It consists of 40 one-bedroom and one-bedroom plus study units ranging from 431 sq ft to 452 sq ft. There are also 24 two-bedroom units of 624 sq ft and eight three-bedroom apartments of 753 sq ft.
According to URA caveats, 29 units have been sold at an average price of $3,060 psf since the launch of the condo in November 2022. The condo is still under construction and is expected to be completed in 3Q2026.
When it comes to investing in real estate in Singapore, location holds great importance. The positioning of a condominium can have a significant impact on its value. In Singapore, condos located in central areas or in close proximity to essential facilities such as schools, shopping centers, and public transportation hubs tend to yield a higher appreciation in value. This trend is particularly evident in prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where properties consistently show a significant growth in value. In addition, the allure of living near reputable schools and educational institutions only adds to the appeal of condos in these areas, making them highly sought after by families and further solidifying their potential as a profitable investment. Therefore, for investors eyeing a Singapore condo, it is crucial to prioritize location in order to ensure a successful and worthwhile investment. If you are interested in owning a condo in Singapore, be sure to check out Singapore Condo for the best options in prime locations.
The Continuum, a freehold condo at Thiam Siew Avenue in District 15, came in second on the list of condos that saw new psf-price highs during the period in review. The development recorded a new high of $3,084 psf for the sale of a 721 sq ft, two-bedroom unit on the 17th floor that fetched $2.22 million on Nov 16. This is only 0.4% higher than the previous high of $3,071 psf, which was set on the sale of a similar unit on the 16th floor on Nov 15.
The Continuum has 816 units across six residential towers on two plots of land, which will be linked by a private pedestrian overhead bridge. The units are a mix of one- to five-bedroom apartments of occupying 560 sq ft to 2,260 sq ft. To date, 489 units have been sold for an average price of $2,779 psf since the launch of the condo in May 2023.
Lastly, Lavender Residence, a freehold boutique development located at the junction of Lavender Street and Kempas Road in Boon Keng, District 12, recorded a new low of $1,626 psf for the sale of a 990 sq ft, one-bedroom + studio unit on the second floor for $1.61 million on Nov 17. This is compared with the previous low of $1,710 psf set in June 2023 for the sale of a 1,335 sq ft, four-bedroom unit on the sixth floor.
With this latest transaction, Lavender Residence has been fully sold at an average price of $1,984 psf. The development comprises 17 units ranging from studios to three-bedroom units with some dual-key variants from 463 sq ft to 1,550 sq ft. It is within walking distance of Bendemeer MRT Station on the Downtown Line.