Hill House, a 999-year leasehold development located at the top of Institution Hill, off River Valley Road, recently achieved a new peak psf-price of $3,398. This came after a two-bedroom unit on the eighth floor was sold 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 on the eighth floor was sold for $1.53 million.
Since its launch in 2022, Hill House, a 72-unit boutique condo in prime District 9, has proven to be a popular choice among buyers. It comprises 40 one-bedroom units of 431 sq ft, 24 two-bedroom apartments ranging from 452 sq ft to 624 sq ft, and eight three-bedroom apartments spanning 753 sq ft.
Search for the latest New Launches to find out the transaction prices and available units.
Investing in a condo involves more than just purchasing the property. Along with the unit itself, it is crucial to consider the ongoing maintenance and management of the condo. Since condos are typically part of a larger complex, there are maintenance fees to cover the upkeep of common areas and facilities. These fees may increase the total cost of ownership, but they also ensure that the property remains well-maintained and retains its value. To make condo ownership a more passive investment, many investors opt to engage a property management company to handle the day-to-day management of their condo. This way, owners can enjoy the benefits of owning a condo without the added stress of managing it themselves.
According to URA caveats, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf since the condo launched in November 2022. The development is currently under construction and is expected to be completed in the third quarter of 2026.
Since the start of the year, eight units have been sold at Hill House, with an average price of $3,190 psf. This includes the most expensive unit transacted thus far – a three-bedroom apartment spanning 753 sq ft that sold for $2.39 million on Jan 5.
The condo’s location, within a five-minute walk of River Valley Primary School and close to lifestyle hub New Bahru, makes it an attractive choice for families and young professionals.
The Tresor, a 999-year leasehold condo on Duchess Road in District 10, came in second on the list of condos that saw new psf-price highs during the period in 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 beats the development’s previous psf-price high of $2,501, set in March 2024, when a three-bedroom unit on the second floor was purchased for $3.5 million.
The unit sold on Feb 16 is the first resale transaction at The Tresor in a year, based on caveats lodged. Before this, the most recent resale deal at the condo was the sale of a 1,399 sq ft unit that fetched $3.5 million ($2,501 psf) on March 4, 2024.
Completed in 2007, the development comprises a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. Located within a five-minute walk of Tan Kah Kee MRT Station on the Downtown Line and within walking distance of Coronation Shopping Plaza and Serene Centre, The Tresor offers convenient access to a range of amenities such as Adam Food Centre and the Singapore Botanic Gardens.
Rounding out the top three is Jadescape, a 99-year leasehold condo that saw a new price high of $2,459 psf when a four-bedroom unit on the 22nd floor changed hands for $4.05 million on Feb 7. This transaction surpassed the previous record of $2,446 psf set in January, when a unit on the 10th floor was sold for $3.2 million.
In terms of absolute price, the most expensive resale unit sold at Jadescape was a penthouse spanning 4,230 sq ft, which fetched $10.2 million ($2,399 psf) in December 2024.
Located at the junction of Marymount Road and Shunfu Road, the development has 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.
Jadescape offers easy access to public transport, with Marymount MRT Station on the Circle Line just a five-minute walk away. It is also within walking distance of 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 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, have average transacted prices ranging from $1,712 psf to $1,912 psf across the same period. All three condos are freehold developments.
There were no new psf-price lows recorded during the period in review. To check out the latest listings for Hill House, The Tresor, and Jadescape properties, visit Ask Buddy.
See More:
Tenure of Hill House
Condo listings in District 10
Sale transactions for The Tresor
The buyer profile for Jadescape
Condo sale transactions in District 20