A unit at One Holland Village Residences has set a new psf-price high, achieving a peak of $3,781 psf from the sub-sale of a 1,238 sq ft three-bedroom unit for $4.68 million on Feb 17. This marks the first sale at the 99-year leasehold development this year.The 25th-floor unit was originally purchased from the developer in November 2023 for $4.19 million, earning the sellers a profit of around $490,000. This beats the previous record price of $3,426 psf, which was achieved in August 2022 for the sale of a four-bedroom unit at $7.15 million. The development, located along Holland Village Way, comprises a mix of one- to five-bedroom units of varying sizes. It has already been fully sold since its launch in November 2019. The most expensive unit sold at the development was a five-bedroom apartment for $11.4 million, or $3,300 psf. Hill House, a boutique condo in District 9, saw the second-highest psf-price for the week. A 452 sq ft two-bedroom unit on the ninth floor was sold for $1.538 million, setting a record of $3,402 psf on Feb 21. This comes just four days after another two-bedroom unit on the eighth floor set a record of $3,398 psf. Located at the top of Institution Hill, Hill House comprises one-, two- and three-bedroom units and is expected to be completed in 3Q2026. Chuan Park, a 99-year leasehold development in District 19, also saw a new psf-price high when a 732 sq ft two-bedroom unit on the 20th floor was sold for $2.04 million ($2,785 psf) on Feb 19. This beat its previous record of $2,765 psf, achieved in November last year. The 916-unit development has already sold 81% of its units at an average price of $2,589 psf since its launch in November 2024. It is located near Lorong Chuan MRT Station on the Circle Line and Nanyang Junior College. No new psf-price lows were recorded during the review period.
Investing in a condo in Singapore has become a sought-after option for both local and foreign investors, thanks to the city-state’s thriving economy, stable political climate, and excellent quality of life. The Singapore real estate market presents a plethora of investment opportunities, with condos being particularly attractive due to their convenience, modern amenities, and potential for lucrative returns. This article will delve into the advantages, factors to keep in mind, and necessary steps to take when embarking on a condo investment in Singapore, with a particular focus on Singapore Projects.