The demand for Singapore Condo is continuously on the rise, mainly due to the limited availability of land. As a small island nation with a booming population, Singapore faces a challenge in meeting the demand for development space. This has resulted in strict land use regulations and a competitive real estate market, where property prices are constantly soaring. As a result, investing in real estate, particularly in condos, has become a profitable opportunity as they promise a significant increase in capital value.
When purchasing a condo, it is crucial to take into account the maintenance and management of the property. Condos usually require maintenance fees, which cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of owning a condo, they play a vital role in preserving the property’s value and condition. Investors can also benefit from hiring a property management company to handle the day-to-day operations of their condo, making it a relatively hands-off investment. Singapore Projects can be a great option for potential investors.
The top spot for private condos that achieved a new psf-price high between Feb 7 to 16 was claimed by a two-bedroom unit at Hill House. Selling for $1.54 million on Feb 16, the 452 sq ft unit on the eighth floor set a new peak price of $3,398 psf for the 999-year leasehold development.The latest transaction surpassed the previous record of $3,378 psf set on Feb 11, when another similarly sized unit on the same floor was sold for $1.53 million. Located at the top of Institution Hill, off River Valley Road, the boutique condo comprises mostly one- and two-bedroom units, as well as a few three-bedroom units.Ranging from 431 sq ft to 624 sq ft, the one- and two-bedroom units have been selling well since the project was launched in 2022. According to URA caveats, 51.4% of the 72 units at Hill House have been sold at an average price of $3,152 psf. The development is slated for completion in 2026.Another property that achieved a new psf price high was a two-bedroom unit at The Tresor in District 10. The 1,421 sq ft unit was sold for $3.73 million on Feb 10, setting a record of $2,625 psf for the 62-unit development. The previous record of $2,501 psf was set in 2024 when another three-bedroom unit was sold for $3.5 million.The Tresor, located on Duchess Road, comprises two- to four-bedroom apartments ranging from 990 sq ft to 2,896 sq ft. Completed in 2007, it is within walking distance of Tan Kah Kee MRT Station and several amenities including Coronation Shopping Plaza and Serene Centre.Jadescape, a 99-year leasehold development in District 20, also made the list with a four-bedroom unit on the 22nd floor selling for $4.05 million on Feb 7. With a record price of $2,459 psf, the 1,647 sq ft unit surpassed the previous high of $2,446 psf set in January. The condo is known for its luxurious units, with the most expensive sale so far being a 4,230 sq ft, six-bedroom penthouse that went for $10.2 million in 2024.Jadescape is within walking distance of Marymount MRT Station and a short walk from Sin Ming Plaza. With 1,206 units, the development offers a mix of one- to five-bedroom apartments and two penthouses. According to data from EdgeProp Research, the development has one of the highest average transacted prices in the area at $2,192 psf, compared to the average of $1,712 to $1,912 psf for other condos in the vicinity. No new psf-price lows were recorded during the period in review. To find out more about these and other properties, search for the latest new launches or check out the latest listings for Hill House, The Tresor, and Jadescape.