According to data compiled on Edgeprop Research, a 1,238 sq ft, three-bedroom unit at One Holland Village Residences achieved a new psf-price high of $3,781 when it was sold for $4.68 million on Feb 17. This is the first transaction at the 99-year leasehold development this year. The sellers had bought the unit in November 2023 at a price of $4.19 million, making a profit of about $490,000. The project’s previous record price was $3,426 psf for a four-bedroom unit sold by the developer for $7.15 million in August 2022. This development, located along Holland Village Way, comprises a mix of one- to five-bedroom units and is set for completion in 2029.A two-bedroom unit at boutique condo Hill House set a new psf-price high of $3,402 psf when it was sold for $1.538 million on Feb 21. This comes just four days after a previous record of $3,398 psf was set on Feb 16 from the sale of another two-bedroom unit for $1.536 million. The 72-unit development, located at the top of Institution Hill in District 9, has seen a total of nine units sold at an average price of $3,213 psf since the start of the year. It is expected to be completed in 2026.Chuan Park, a 916-unit development in District 19, saw a new psf-price high of $2,785 when a two-bedroom unit was sold for $2.04 million on Feb 19. This narrowly beats its previous record of $2,765 psf for a similar unit sold in November last year. The 99-year leasehold condo, comprising two- to five-bedroom units, is located near Lorong Chuan MRT Station and is set for completion in 2028.
One Holland Village Residences, a 296-unit development in District 10, witnessed a new psf-price high of $3,781 psf when a three-bedroom unit was sold for $4.68 million on Feb 17. This is the first transaction at the 99-year leasehold development this year, surpassing the previous record price of $3,426 psf set in August 2022. The sellers, who bought the unit for $4.19 million in November 2023, made a profit of about $490,000. The project, which is set for completion in 2029, comprises a mix of one- to five-bedroom units.
Boutique condo Hill House, located at the top of Institution Hill in District 9, saw a new psf-price high of $3,402 psf when a two-bedroom unit was sold for $1.538 million on Feb 21. This comes just four days after the previous record of $3,398 psf was set on Feb 16 from the sale of another two-bedroom unit for $1.536 million. The 72-unit development has seen a total of nine units sold at an average price of $3,213 psf since the start of the year. It is expected to be completed in 2026.
Chuan Park, a 916-unit development in District 19, witnessed a new psf-price high of $2,785 when a two-bedroom unit was sold for $2.04 million on Feb 19. This narrowly beats its previous record of $2,765 psf set in November last year. The 99-year leasehold condo, comprising two- to five-bedroom units, is located near Lorong Chuan MRT Station and is expected to be completed in 2028.
.
The demand for condos in Singapore remains at an all-time high, largely attributed to the scarcity of land. As a compact island with a rapidly expanding population, Singapore grapples with limited land availability for development. As a result, the country has implemented strict land use policies, creating a cutthroat real estate market where property prices continue to soar. This has made investing in real estate, particularly condos, an attractive option, as it offers the potential for significant capital appreciation. In fact, with the addition of Singapore Projects, the condo market in Singapore only becomes even more competitive and promising for investors.
Overall, the week of Feb 16 to 21 saw a new record price set at One Holland Village Residences, Hill House, and Chuan Park. No new psf-price lows were recorded during this period.