The top spot for highest psf-price sale in the private condominium market from Feb 7 to 16 was claimed by Hill House, as a two-bedroom unit on the eighth floor was sold by the developer for $1.54 million, setting a new record of $3,398 psf. This broke the previous peak of $3,378 psf set by another unit in the same development on Feb 11.A total of 72 units make up Hill House, a 999-year leasehold condo situated on Institution Hill, near River Valley Road. The project, which was launched in 2022, comprises of one-bedroom units ranging from 431 sq ft. There are also two-bedroom units of 452 to 624 sq ft, and three-bedroom units of 753 sq ft.In the same period, The Tresor, a 62-unit freehold condo on Duchess Road in District 10, saw a resale transaction of a 1,421 sq ft unit on the fifth floor for $3.73 million. This sets a new psf-price high of $2,625, surpassing the development’s previous peak of $2,501 set in March 2024. The Tresor is within walking distance of Tan Kah Kee MRT Station and amenities such as Coronation Shopping Plaza and Serene Centre.Jadescape, a 99-year leasehold development in District 20, also recorded a new psf-price high of $2,459 psf for a 1,259 sq ft unit on the tenth floor. The previous peak was $2,446 psf for a 1,647 sq ft unit in January. The project consists of 1,206 units across seven residential towers, with one- to five-bedroom apartments and two penthouses. It is located near Marymount MRT Station and amenities such as Sin Ming Plaza.In comparison to other condos within a 1km radius, Jadescape commands one of the highest average transacted prices, with units selling at $2,192 psf in the last 12 months. Conversely, other condos in the vicinity, such as the Tresalveo, 183 Longhaus, and Thomson V Two, have average transacted prices ranging from $1,712 to $1,912 psf. No new psf-price lows were recorded in the period under review.Photo: Macly Group
In the period from Feb 7 to 16, the sale of a two-bedroom unit at Hill House has topped the list of condos in the private market that achieved a new psf-price high. The 999-year leasehold development broke its own record by reaching $3,398 psf when a 452 sq ft unit on the eighth floor was sold by the developer for $1.54 million on Feb 16. This transaction marginally surpassed the previous peak of $3,378 psf set on Feb 11, when another two-bedroom unit of the same size 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 comprising 72 units. It was launched in 2022 and consists 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 of 753 sq ft. Its prime location in District 9 and 999-year leasehold tenure make it a highly desirable development.
According to URA caveats, as of February 16, 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 construction is ongoing and is expected to be completed in the third quarter of 2026. Out of the eight units sold at Hill House this year, one was transacted on Feb 16. These eight units were sold at an average price of $3,190 psf. The highest-priced unit that has been sold so far is a 753 sq ft, three-bedroom apartment that fetched $2.39 million on Jan 5.
The second spot on the list of condos with a new psf-price high during the period in review goes to The Tresor, with a resale transaction of a 1,421 sq ft unit on the fifth floor being sold for $3.73 million on Feb 10. This has set a new high of $2,625 psf, beating the previous record of $2,501 psf which was achieved in March 2024 when a 1,399 sq ft, three-bedroom unit on the second floor was purchased for $3.5 million.
The Singaporean government has implemented several measures to regulate the condo investment market in the country. These measures aim to discourage speculative buying and promote a steady real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they ultimately promote a secure investment environment in the long run. For more information on condo investment opportunities in Singapore, you can explore projects at Singapore Projects.
This resale transaction on Feb 16 marks the first in a year for The Tresor, according to caveats lodged. Prior to this, the most recent resale deal was for a 1,399 sq ft unit that was sold for $3.5 million ($2,501 psf) on March 4, 2024.
The Tresor is a freehold condo with 62 units located on Duchess Road, District 10. Completed in 2007, it consists of a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. This development is also situated within five minutes’ walking distance of Tan Kah Kee MRT Station on the Downtown Line and is close to Coronation Shopping Plaza and Serene Centre. Other amenities nearby include Adam Food Centre and the Singapore Botanic Gardens.
In third place on the list of condos that achieved a new psf-price high is Jadescape, where a four-bedroom unit of 1,647 sq ft on the 22nd floor 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 sold to date is a 4,230 sq ft, six-bedroom penthouse that fetched $10.2 million ($2,399 psf) in December 2024.
Jadescape is a 99-year leasehold condo that was completed in 2022. It consists of 1,206 units across seven residential towers, with one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft. There are also two penthouses of 4,230 sq ft. It is located at the junction of Marymount Road and Shunfu Road, close to Marymount MRT Station on the Circle Line and near amenities such as 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. Its units had an average transacted price of $2,192 psf in the last 12 months. 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 had average transacted prices ranging from $1,712 psf to $1,912 psf across the same period. All three condos are freehold developments.
No new psf-price lows were recorded during the period in review. To view the latest listings for Hill House, The Tresor, and Jadescape, or to learn more about these properties, visit EdgeProp.sg.