When it comes to investing in real estate, location is a critical aspect to consider, and this holds particularly true in Singapore. Condos situated in prime areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have a higher potential for appreciation in value. Some examples of these desirable locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD), where real estate values have consistently shown growth. Additionally, these areas are also home to prestigious and well-regarded schools and educational institutions, making condos in these locations highly sought after by families, further increasing their investment potential. For more information on investing in Singapore condos, click here.
Thanks to a recent sale, Hill House has claimed the top spot for private condo with the highest psf-price in the last 10 days, surpassing its previous record of $3,378 psf set just a few days earlier. The 999-year leasehold development, located at the top of Institution Hill off River Valley Road, achieved a new high of $3,398 psf when a two-bedroom unit on the eighth floor was sold for $1.54 million by the developer on Feb 16. This transaction beats the previous peak of $3,378 psf, which was set on Feb 11 when another similar unit on the eighth floor was sold for $1.53 million.Hill House, which was launched in 2022, comprises 72 units and is a popular boutique condo in prime District 9. The development features a mix of one-bedroom units of 431 sq ft, two-bedroom units ranging from 452 sq ft to 624 sq ft, and three-bedroom units spanning 753 sq ft. The condo is expected to be completed in 3Q2026 and is currently under construction.Latest data from URA caveats shows that 37 units, or 51.4%, at Hill House have been sold at an average price of $3,152 psf since its launch in November 2022. In the first two months of 2025, eight units have already been sold at an average price of $3,190 psf. This includes the most expensive unit sold so far, a three-bedroom apartment of 753 sq ft that went for $2.39 million on Jan 5.Search for the latest New Launches, to find out the transaction prices and available unitsAt The Tresor, a 62-unit development along Duchess Road in District 10, a 1,421 sq ft unit on the fifth floor made a new high of $2,625 psf when it was resold for $3.73 million on Feb 10. This beats the previous record of $2,501 psf set in March 2024, when a three-bedroom unit on the second floor was sold for $3.5 million.The latest transaction is the first resale deal at The Tresor in a year, as recorded in caveats. The most recent resale deal at the condo was a 1,399 sq ft unit that went for $3.5 million ($2,501 psf) on March 4, 2020.The Tresor, built in 2007, features a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. It is located just a five-minute walk from Tan Kah Kee MRT Station on the Downtown Line, and close to Coronation Shopping Plaza and Serene Centre.Jadescape, a 1,206-unit 99-year leasehold condo in District 20, took the third spot on the list, with a four-bedroom unit of 1,647 sq ft on the 22nd floor selling for a record $4.05 million ($2,459 psf) on Feb 7. This beats its previous high of $2,446 psf set in January, when a 1,259 sq ft unit on the 10th floor was transacted. The most expensive unit sold so far is a 4,230 sq ft, six-bedroom penthouse that went for $10.2 million ($2,399 psf) in December 2024.Jadescape, which was completed in 2022, features a mix of one- to five-bedroom units, as well as two penthouses of 4,230 sq ft. It is located at the junction of Marymount Road and Shunfu Road, and is within walking distance of Marymount MRT Station and other amenities.The average transacted price of Jadescape stands at $2,192 psf, making it one of the priciest condos within a 1km radius. Other condos in the area, such as Tresalveo, 183 Longhaus, and Thomson V Two, recorded average prices ranging from $1,712 psf to $1,912 psf in the last 12 months. However, these are all freehold developments.No new psf-price lows were recorded during the period in review.