Located in the prime district of District 15, 8M Residences has once again set a new record for the highest psf-price for a private condo for the week of Feb 1 to 7. The freehold development achieved a new high of $2,384 psf when a two-bedroom unit spanning 646 sq ft on the 15th floor was sold for $1.54 million on Feb 3. This is the first time a unit at 8M Residences has been sold for more than $2,300 psf, surpassing the previous peak of $2,261 psf set in April 2023. In addition, another unit at 8M Residences was sold during the period, reaching a new peak price of $2,275 psf when a 527 sq ft, one-bedroom unit on the 11th floor was transacted for $1.2 million. 8M Residences has seen steady growth in its resale prices over the years, with an average increase of 7.3% per year from $2,028 psf in February 2022 to $2,177 in February 2025.
Finding the perfect location is of utmost importance when it comes to real estate investment, and this is particularly true in the vibrant city of Singapore. Condominiums situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs are known to have a higher appreciation value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Additionally, condos located near reputable schools and educational institutions are highly sought after by families, making them an even more attractive investment choice. With all these factors taken into consideration, it is clear that a condo in a prime location is a solid investment in Singapore’s real estate market.
Located in the prestigious District 15, 8M Residences is a 20-storey residential tower with 68 units, comprising of one- to three-bedroom units ranging from 517 to 1,421 sq ft. It also offers four penthouses ranging from 1,184 to 1,841 sq ft. The condo is within walking distance of amenities such as EtonHouse International Research Pre-School, Mountbatten Road, Katong Swimming Complex, Wilkinson Road, and Katong Park MRT Station. The recent sale at 8M Residences is the first in a string of notable transactions in the private condo market for the week of Feb 1 to 7. Taking second place on the list is Kovan Jewel, a freehold condo located along Kovan Road in District 19. A 1,076 sq ft unit on the second floor was sold by the developer for $2.41 million on Feb 7, setting the highest psf-price at the development to date, at $2,236. Kovan Jewel, with 34 units, offers a mix of one- to three-bedroom units from 624 to 1,345 sq ft, as well as four-bedroom penthouses from 1,237 to 2,153 sq ft. Lastly, boutique condo Oleanas Residence, located along Kim Yam Road in District 9, achieved a record-breaking price for the week when a 1,141 sq ft, three-bedroom unit on the sixth floor was sold for $2.52 million on Feb 3. This sets a new high of $2,207 psf at the condo, surpassing the previous record of $2,157 psf. Oleanas Residence offers freehold ownership, and has just seen four resale transactions in the last three years. Amenities within walking distance include Great World MRT Station on the Thomson-East Coast Line, Fort Canning MRT Station on the Downtown Line, and several educational institutes such as River Valley Primary School along River Valley Green and Outram Secondary School along York Hill.