Investing in real estate can be a lucrative venture, but location plays a crucial role in determining its success. This is particularly true in Singapore, where the value of condos is greatly influenced by the area they are situated in. Properties located in central areas or close to important amenities, such as schools, shopping malls, and public transportation hubs, tend to appreciate more over time. In Singapore, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) are considered prime locations with consistently rising property values. This makes these areas highly sought after by investors looking to develop their portfolio with valuable assets. Additionally, the proximity of these locations to reputable schools and educational institutions further enhances the investment potential of condos, especially for families. If you’re looking to invest in real estate in Singapore, keep in mind the importance of location and consider exploring properties in prime areas like Orchard Road, Marina Bay, and the CBD. You can also visit Singapore Condo to find out more about available options and make a smart investment choice.
A two-bedroom unit at Hill House has set a new record for private condos in terms of psf-price, topping the list for transactions between Feb 7 to 16. The 999-year leasehold development saw a unit of 452 sq ft on the eighth floor sold by the developer for $1.54 million, setting a new peak of $3,398 psf on Feb 16. This surpasses the previous peak of $3,378 psf recorded on Feb 11 when another 452 sq ft unit on the eighth floor was sold for $1.53 million.
Located at the top of Institution Hill, off River Valley Road, Hill House is a boutique condo with 72 units. It was launched in 2022 and comprises mainly one-bedroom units of 431 sq ft. There are also 24 two-bedroom units ranging from 452 sq ft to 624 sq ft, and eight three-bedroom units of 753 sq ft.
Interested buyers can search for the latest new launches to find out the transaction prices and available units. The condo is expected to be completed in 3Q2026.
According to URA caveats, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf since its launch in November 2022. The most recent transaction on Feb 16 marks the 8th unit sold so far this year, with an average price of $3,190 psf. The most expensive unit sold at the development so far was a three-bedroom apartment of 753 sq ft that was sold for $2.39 million on Jan 5.
The Tresor, a 999-year leasehold condo, came in second on the list with a resale transaction of a 1,421 sq ft unit on the fifth floor sold for $3.73 million on Feb 10. This sets a new high of $2,625 psf, surpassing the previous peak of $2,501 psf set in March 2024 when a 1,399 sq ft three-bedroom unit on the second floor was sold for $3.5 million.
This marks the first resale transaction at The Tresor in a year, based on caveats lodged. The most recent resale deal before this was in March 2024, when a 1,399 sq ft unit was sold for $3.5 million ($2,501 psf).
Located on Duchess Road in District 10, The Tresor is a 62-unit development completed in 2007. It comprises mainly two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. It is a five-minute walk from Tan Kah Kee MRT Station on the Downtown Line and is also within walking distance of Coronation Shopping Plaza and Serene Centre. Other nearby amenities include Adam Food Centre and the Singapore Botanic Gardens.
Jadescape, a 99-year leasehold condo, was ranked third on the list with a transaction of $4.05 million for a 1,647 sq ft, four-bedroom unit on the 22nd floor on Feb 7. This sets a new record of $2,459 psf at the District 20 development. Previously, the record was $2,446 psf when a 1,259 sq ft unit on the 10th floor was sold in January. The most expensive unit to date at Jadescape 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 and comprises 1,206 units across seven residential towers. It offers one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft, as well as two penthouses of 4,230 sq ft. It is within walking distance of Marymount MRT Station on the Circle Line and just a four-minute walk from Sin Ming Plaza.
Data compiled on EdgeProp Research shows that Jadescape commands one of the highest average transacted prices among condos within a 1km radius. The average transacted price of Jadescape units in the last 12 months stands at $2,192 psf. In comparison, other 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 recorded average transacted prices ranging from $1,712 psf to $1,912 psf across the same period. All three condos are freehold developments.
None of the condos recorded new psf-price lows during the period in review. Interested buyers can check out the latest listings for Hill House, The Tresor, and Jadescape properties and get an idea of the buyer profile for these developments.