Freehold condominium The Botanic on Lloyd has set a new psf-price record for non-landed private developments between Jan 3 and Jan 11, with a 2,056 sq ft four-bedroom unit being sold for $5.13 million, or $2,493 psf. The new record price surpasses the former high of $2,339 psf by 6.6%.The Botanic on Lloyd, located along Lloyd Road off Oxley Road in Prime District 9, comprises 60 apartments and six townhouses. The three- and four-bedroom units range from 1,485 sq ft to 3,584 sq ft, while the three-storey townhouses measure between 4,058 sq ft and 4,446 sq ft. Completed in 2006, the boutique development has only seen an average of one transaction per year in the past decade.The Cape, located along Amber Road in District 15, also achieved a new psf-price record during the period in review. A 1,313 sq ft, three-bedroom unit on the 15th floor was sold for $3 million, or $2,284 psf, on Jan 10, surpassing the previous record of $2,265 psf reached in November 2012.Tembusu Grand, a 99-year leasehold project on Jalan Tembusu, off Tanjong Katong Road in prime District 15, recorded a new price floor of $2,174 psf on Jan 11. The new low was set by the sale of a 1,399 sq ft, three-bedroom unit on the 20th floor for $3.04 million. The previous record low of $2,193 psf was set just two months earlier, in November 2024. Launched in April 2023, the 638-unit Tembusu Grand has since sold 584 units (91.5%) at an average price of $2,444 psf.
Investing in real estate is a strategic decision, and in Singapore, location plays a crucial role in determining the success of your investment. It is a well-known fact that condos situated in central areas or in close proximity to important amenities, such as schools, shopping malls, and transportation hubs, tend to have a higher appreciation value. In Singapore, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) are considered prime locations due to their consistent growth in property values. These areas are highly sought-after by investors, and for good reason. Families, in particular, are drawn to these locations due to the proximity to top-rated schools and educational institutions, making condos in these areas even more desirable and thus, increasing their investment potential. If you’re looking to invest in real estate in Singapore, be sure to explore projects in these prime locations, such as those listed on Singapore Projects.