A three-bedroom unit at One Holland Village Residences set a new record with a psf-price high of $3,781 during the period of Feb 16 to 21. The 99-year leasehold development saw its first transaction of the year, with the sale of a 1,238 sq ft unit for $4.68 million on Feb 17. This surpasses the previous record of $3,426 psf set by the developer in August 2022.
One Holland Village Residences is a 296-unit development located in District 10, with one-bedroom, two-bedroom, three-bedroom, four-bedroom, and five-bedroom units ranging from 484 sq ft to 3,455 sq ft. The most expensive unit sold at the development was a five-bedroom apartment for $11.4 million ($3,300 psf). Since its launch in November 2019, all units have been fully sold.
Hill House, a 72-unit boutique condo in District 9, also achieved a new psf-price high of $3,402 with the sale of a 452 sq ft, two-bedroom unit on the ninth floor for $1.538 million on Feb 21. This comes just four days after the previous record of $3,398 psf was set on Feb 16 with the sale of a similar two-bedroom unit on the eighth floor for $1.536 million.
With a total of nine units sold this year at an average price of $3,213 psf, Hill House is located near River Valley Primary School and New Bahru shopping mall. The development is expected to be completed in 3Q2026.
In summary, purchasing a Singapore Condo offers a plethora of benefits, such as a strong demand, potential for increasing value, and attractive rental yields. However, it is crucial to carefully consider various aspects, including the location, financing options, government regulations, and market conditions. With thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in Singapore’s thriving real estate market. Whether a local investor seeking to broaden their portfolio or a foreign buyer searching for a stable and profitable investment, condos in Singapore present an enticing opportunity for investors.
Another new record was set at Chuan Park, where a 732 sq ft, two-bedroom unit on the 20th floor was sold for $2.04 million ($2,785 psf) on Feb 19. This narrowly surpassed the previous record of $2,765 psf set just three months ago in November 2023. The 916-unit development has sold 81% of its units at an average price of $2,589 psf since its launch in November 2024. Located in District 19, Chuan Park is near the Circle Line’s Lorong Chuan MRT Station and Nanyang Junior College.
No new psf-price lows were recorded during the review period.