Singapore’s Hill House Condo Sets New Record of $3,267 psf During Nov 10-21 Period
Hill House, a boutique development situated in the prestigious District 9, has recently taken the lead with its condominiums reaching the highest psf-price highs between November 10 to 21. This new price-high of $3,267 psf was achieved from the sale of a 452 sq ft, two-bedroom unit on the fifth floor, which the developer sold for $1.48 million on November 11.The new record is slightly 0.1% higher than the previous price high of $3,263 psf that was set in November 2023 when a 624 sq ft two-bedroom unit on the ninth floor was sold for $2.04 million. Hill House, which is currently under development, has recorded a total of 11 transactions this year, with an average price of $3,098 psf. This is 0.9% lower than the average price of $3,127 psf based on the five transactions at the development last year.
To keep up-to-date with the latest new launches, check out the New Launches page to find out the transaction prices and available units. Hill House, an artist’s impression which has seen a new record of $3,267 psf during the period in review (Photo: Macly Group)Hill House is a 999-year leasehold condo located at the top of Institution Hill, off River Valley Road, in prime District 9. The boutique development, comprising 72 units, has 40 one-bedroom and one-bedroom plus study types measuring 431 sq ft to 452 sq ft. The remaining 24 units are two-bedroom units of 624 sq ft and eight three-bedroom apartments of 753 sq ft.
According to URA caveats, 29 units (40%) at Hill House have been sold at an average price of $3,060 psf since the condo’s launch in November 2022. The condo is still under construction and is slated to be completed in 3Q2026.
In second place for reaching new psf-price highs between November 10 to 21 is The Continuum, a freehold condo, which achieved a record of $3,084 psf. This was from the sale of a 721 sq ft, two-bedroom unit on the 17th floor, sold for $2.22 million on November 16. The Continuum saw a new psf-price high of $3,084 psf from the new sale of a 721 sq ft, two-bedroom unit on the 17th floor, sold at $2.22 million on Nov 16 (Photo: Samuel Isaac Chua/EdgeProp Singapore)The new record is only 0.4% higher than the previous high of $3,071 psf at The Continuum. This was set a day earlier when a 721 sq ft, two-bedroom unit on the 16th floor was sold for $2.22 million on Nov 15.
The Continuum is a freehold condo situated on Thiam Siew Avenue, off Haig Road and Tanjong Katong Road in District 15. Launched in April last year, the development consists of six residential towers across two land parcels. Residents will be linked by a private pedestrian overhead bridge. The units in the development are a mix of one- to five-bedroom apartments, ranging from 560 sq ft to 2,260 sq ft.
When investing in a Condo, it is essential to consider the upkeep and management of the property. Typically, Condos come with maintenance fees that cover the maintenance of common areas and facilities. While these fees may add to the overall cost of owning a Condo, they also ensure the preservation of the property’s state and value. By teaming up with a property management company, buyers can take a more hands-off approach to managing their Condo, making it a more effortless investment. Additionally, investors can visit Condo to find more information about managing their property.
Based on 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 also still under construction and is expected to be completed by 2026.
Meanwhile, Lavender Residence, a freehold boutique development, has achieved a record low psf-price during the period in review. The new low was set from the sale of a 990 sq ft, one-bedroom plus studio unit on the second floor, sold for $1.61 million, or $1,626 psf, on November 17.
In comparison, the condo’s previous psf-price low was $1,710 psf achieved in June 2023, when a 1,335 sq ft, four-bedroom unit on the sixth floor was purchased for $2.28 million. With the November 17 transaction, Lavender Residence is now fully sold at an average price of $1,984 psf.
When contemplating an investment in a Singapore condo, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. The rental yield for condos in Singapore can vary significantly depending on factors such as its location, condition, and demand in the market. Generally, areas with a high demand for rentals, such as those near business districts or educational institutions, are more likely to have a higher rental yield. To gain a better understanding of a specific Singapore condo’s rental potential, it is beneficial to conduct thorough market research and consult with real estate agents. Consider exploring options with a company like Singapore Condo to make an informed decision.
Lavender Residence is a 17-unit development located at the junction of Lavender Street and Kempas Road in Boon Keng, District 12. The development sits on a site occupied by a trio of two-storey conservation shophouses dating back to the 1940s in the art-deco style. Its units range from studios to three-bedroom apartments, with some dual-key variants, from 463 sq ft to 1,550 sq ft. The development is within walking distance to Bendemeer MRT Station on the Downtown Line. To find out the latest listings for Hill House, The Continuum, and Lavender Residence properties, or to view sale transactions and price trends, you can use the Ask Buddy feature on EdgeProp.