During the period of Feb 7 to 16, the sale of a two-bedroom unit at Hill House has emerged as the highest private condo transaction in terms of new psf-price highs. The 999-year leasehold development recorded a new peak of $3,398 psf when the 452 sq ft unit on the eighth floor was sold for $1.54 million by the developer on Feb 16.
This latest transaction slightly surpasses the previous peak of $3,378 psf set on Feb 11, when another two-bedroom unit of the same size and floor was sold for $1.53 million.
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Located at the top of Institution Hill, off River Valley Road, Hill House is a boutique condo with a 72-unit development that was launched in 2022. It is made up of 40 one-bedroom units of 431 sq ft, 24 two-bedroom units ranging from 452 sq ft to 624 sq ft, and eight three-bedroom units spanning 753 sq ft.
Interested buyers can search for the latest new launches to find out about transaction prices and available units.
On the other hand, The Tresor, a 999-year leasehold condo, came in second on the list of private condos that achieved new psf-price highs during the same period of review. A resale transaction of a 1,421 sq ft unit on the fifth floor set a new high of $2,625 psf when it was sold for $3.73 million on Feb 10.
This transaction beats the previous psf-price high of $2,501, which was set in March 2024 when a three-bedroom unit on the second floor of 1,399 sq ft was sold for $3.5 million.
The unit sold on Feb 16 is the first resale transaction at The Tresor in the past year, based on caveats lodged. Before this, the most recent resale deal was for a three-bedroom unit of 1,399 sq ft that was sold for $3.5 million ($2,501 psf) on March 4, 2024.
The Tresor is a 62-unit development located on Duchess Road in District 10. Completed in 2007, it comprises a mix of two-, three- and four-bedroom apartments ranging from 990 sq ft to 2,896 sq ft. Located within a five-minute walk from Tan Kah Kee MRT Station on the Downtown Line, the development is also within walking distance of Coronation Shopping Plaza and Serene Centre. Other nearby amenities include Adam Food Centre and the Singapore Botanic Gardens.
Rounding out the top three on the list of private condos that achieved new psf-price highs is Jadescape, where a four-bedroom unit on the 22nd floor measuring 1,647 sq ft was sold for $4.05 million on Feb 7. This sets a new record of $2,459 psf at the District 20 development.
Previously, the record price high at Jadescape was $2,446 psf when a 1,259 sq ft unit on the 10th floor was sold in January. The most expensive resale unit transacted to date at the development is a six-bedroom penthouse of 4,230 sq ft that fetched $10.2 million ($2,399 psf) in December 2024.
Jadescape is a 99-year leasehold condo that was completed in 2022. It comprises 1,206 units across seven residential towers, which span 527 sq ft to 2,099 sq ft for one- to five-bedroom apartments. There are also two penthouses of 4,230 sq ft.
Jadescape is also within walking distance of Marymount MRT Station on the Circle Line, and a four-minute walk from Sin Ming Plaza.
Data compiled on EdgeProp Research indicates that Jadescape commands one of the highest average transacted prices among condos within a 1km radius. The average transacted price of Jadescape units for transactions in the last 12 months stands at $2,192 psf.
In contrast, other condos in the vicinity, such as Tresalveo on Marymount Terrace, 183 Longhaus on Upper Thomson Road and Thomson V Two on Sin Ming Road, have average transacted prices ranging from $1,712 psf to $1,912 psf across the same period. All three are freehold developments.
No new psf-price lows were recorded during the period in review. Interested buyers can check out the latest listings for Hill House, The Tresor, and Jadescape properties.