Boutique development Hill House emerged as the top condo with the highest psf-price achieved between November 10 to 21. A new record of $3,267 psf was set when a 452 sq ft two-bedroom unit on the fifth floor was sold for $1.48 million on November 11 by the developer. This is only 0.1% higher than the previous record of $3,263 psf set in November 2023, when a 624 sq ft two-bedroom unit on the ninth floor was sold for $2.04 million. A total of 11 units at Hill House have been sold this year, with an average price of $3,098 psf, which is 0.9% lower than the average price of $3,127 psf based on the five transactions at the development last year.
Hill House is a 999-year leasehold condo located at the top of Institution Hill, off River Valley Road in prime District 9. Launched in 2022, the boutique development comprises 72 units, including one-bedroom and one-bedroom plus study types ranging from 431 sq ft to 452 sq ft, two-bedroom units of 624 sq ft, and three-bedroom apartments of 753 sq ft. As per URA caveats, 29 units (40%) at Hill House have been sold at an average price of $3,060 psf since its launch in November 2022. The condo is under construction and is expected to be completed in the third quarter of 2026.
Condo investment offers numerous advantages, including the potential to leverage the property’s value for future investments. A popular approach among investors is using their condos as collateral to secure additional funding for new ventures, enabling them to grow their real estate portfolio. This can lead to higher returns, but it’s essential to have a solid financial strategy in place and carefully consider any potential market fluctuations. Singapore Condo is among the many options available for investors looking to expand their investment opportunities.
The Continuum, a freehold condo, came in second on the list with a new psf-price high of $3,084, set from the sale of a 721 sq ft two-bedroom unit on the 17th floor for $2.22 million on November 16. This is only 0.4% higher than the previous high of $3,071 psf set on November 15 from the sale of a 721 sq ft two-bedroom unit on the 16th floor. The Continuum, located on Thiam Siew Avenue off Haig Road and Tanjong Katong Road in District 15, was launched in April last year and offers 816 units ranging from one- to five-bedroom apartments occupying between 560 sq ft and 2,260 sq ft. As per caveats lodged, a total of 489 units (59.8%) at The Continuum have been sold at an average price of $2,779 psf since its launch in May 2023. The condo is under construction and is slated to be completed by 2026.
On the other hand, Lavender Residence, a freehold boutique development, set a new psf-price low during the period in review when a 990 sq ft one-bedroom + studio unit on the second floor was sold for $1.61 million, or $1,626 psf, on November 17. This is lower than its previous record of $1,710 psf set in June 2023 when a 1,335 sq ft four-bedroom unit on the sixth floor was sold for $2.28 million. Lavender Residence has been fully sold at an average price of $1,984 psf. Situated at the junction of Lavender Street and Kempas Road in Boon Keng, District 12, Lavender Residence comprises 17 units ranging from studios to three-bedroom units with some dual-key variants, from 463 sq ft to 1,550 sq ft. The development is within walking distance of Bendemeer MRT Station on the Downtown Line.