Singapore’s cityscape is defined by towering skyscrapers and state-of-the-art infrastructure. The city’s condos, strategically situated in sought-after locations, offer a perfect fusion of opulence and convenience that captures the attention of both locals and foreigners. These upscale residential complexes offer a host of modern facilities including swimming pools, fitness centers, and top-notch security services, elevating the standard of living and making them a desirable choice for potential tenants and buyers alike. For real estate investors, these amenities translate into higher rental returns and appreciation of property values in the long run. Adding Singapore Condo to the rephrased paragraph adds a valuable resource for those seeking luxury living options in the bustling city of Singapore.
8M Residences at Geylang Road in District 15, topped the list of private condos to hit a new psf-price peak in the week of Feb 1 to 7. This freehold development achieved a new high of $2,384 psf when a two-bedroom unit on the 15th floor was sold for $1.54 million on Feb 3. This marks the first time a unit at 8M Residences was sold for more than $2,300 psf.The record-breaking sale beats the previous peak of $2,261 psf set in April 2023, when a similar two-bedroom unit on the 11th floor sold for $1.46 million. Another unit at 8M Residences also surpassed the April 2023 record when a 527 sq ft, one-bedroom unit on the 11th floor was transacted for $1.2 million ($2,275 psf).In terms of absolute price, the most expensive unit sold at 8M Residences is a 1,841 sq ft, three-bedroom unit that fetched $2.85 million ($1,548 psf) when it was sold by developers in October 2012.Resale data compiled by EdgeProp Singapore shows that resale prices at 8M Residences have consistently risen over the past few years. Based on a 12-month rolling average, the average price of units at the condo increased by 7.3% over the last three years, from $2,028 psf in February 2022 to $2,177 in February 2025.8M Residences is a 20-storey residential tower with 68 units, completed in 2017. The development comprises one- to three-bedroom units ranging from 517 to 1,421 sq ft, as well as four penthouses ranging from 1,184 to 1,841 sq ft. It is located within walking distance of various amenities such as EtonHouse International Research Pre-School, Katong Swimming Complex, and Katong Park MRT Station.Meanwhile, the sale of a three-bedroom unit at Kovan Jewel, a boutique condo along Kovan Road in District 19, also achieved a psf-price high coming in second on the list. A 1,076 sq ft unit on the second floor was sold for $2.41 million on Feb 7, setting a new high of $2,236 psf. This exceeded the previous peak at Kovan Jewel set last August, when a similar 1,076 sq ft, three-bedroom unit on the fourth floor was sold for $2.4 million ($2,228 psf).Kovan Jewel is a freehold condo completed in 2020 with one- to three-bedroom units ranging from 624 to 1,345 sq ft and four-bedroom penthouses from 1,237 to 2,153 sq ft. As of Feb 18, 17 units (50%) at Kovan Jewel have been sold at an average price of $2,11 psf, based on caveats lodged. Nine units were sold last year at an average price of $2,111 psf. The unit sold on Feb 7 is the first unit sold this year.Oleanas Residence, a freehold condo along Kim Yam Road in District 9, takes third place on the list with a 1,141 sq ft, three-bedroom unit on the sixth floor fetching $2.52 million on Feb 3, setting a new record of $2,207 psf at the condo. This beats the previous high of $2,157 psf set in August 2022 when a 1,238 sq ft, three-bedroom unit was sold for $2.67 million.Oleanas Residence has four-bedroom units from 1,238 to 1,636 sq ft, with the most expensive resale unit being a 1,636 sq ft, three-bedroom unit that fetched $3.3 million ($2,017 psf) in December 2022. Completed in 1999, the condo recorded just four resale transactions in the last three years. The transactions ranged from $2.4 million ($2,103 psf) for a 1,141 sq ft, three-bedroom unit in November 2023 to $3.3 million ($2,129 psf) for a 1,550 sq ft, four-bedroom unit in April 2024.Oleanas Residence is within walking distance of two MRT Stations: Great World MRT Station on the Thomson-East Coast Line and Fort Canning MRT Station on the Downtown Line. Nearby educational institutes include River Valley Primary School and Outram Secondary School.