During the period from February 7 to 16, the private condo market saw a new record being set with the sale of a two-bedroom unit at Hill House. The 999-year leasehold development located at the top of Institution Hill achieved a new psf-price high of $3,398 when the 452 sq ft unit on the eighth floor was sold by the developer for $1.54 million on February 16.
This transaction marginally surpassed the previous peak of $3,378 psf set on February 11 when another 452 sq ft, two-bedroom unit on the eighth floor was sold for $1.53 million. Hill House, a 72-unit development launched in 2022, comprises mostly one-bedroom units of 431 sq ft. It also includes 24 two-bedroom units ranging from 452 sq ft to 624 sq ft and 8 three-bedroom units spanning 753 sq ft.
For more information on the latest New Launches, interested buyers can search for transaction prices and available units.
According to URA caveats, since its launch in November 2022, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf. However, the development is currently still under construction and is expected to be completed in the third quarter of 2026. In the first two months of this year, 8 units have been sold at the development, including the one sold on February 16, at an average price of $3,190 psf. The most expensive unit sold so far at Hill House is a 753 sq ft three-bedroom apartment that fetched $2.39 million on January 5.
Situated in prime District 9, Hill House is just a five-minute walk away from River Valley Primary School and in close proximity to lifestyle hub New Bahru.
Coming in second on the list of condos with new psf-price highs during the period is 999-year leasehold condo The Tresor. 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 February 10. This beats the development’s previous psf-price high of $2,501, set in March 2024 when a 1,399 sq ft, three-bedroom unit on the second floor was sold for $3.5 million.
It is worth noting that this is the first resale transaction at The Tresor in a year, based on caveats lodged. The most recent resale deal at the condo before this was the sale of a 1,399 sq ft unit that fetched $3.5 million ($2,501 psf) on March 4, 2024.
The Tresor is a 62-unit development completed in 2007, located on Duchess Road in District 10. It comprises a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft.
Just a five-minute walk from Tan Kah Kee MRT Station on the Downtown Line, the development is also within walking distance of Coronation Shopping Plaza and Serene Centre. Other nearby amenities include Adam Food Centre and the Singapore Botanic Gardens.
In third place on the list of condos with new psf-price highs is Jadescape, where a 1,647 sq ft, four-bedroom unit on the 22nd floor sold for $4.05 million on February 7, setting a new record of $2,459 psf at the District 20 development. The previous record price high at Jadescape was $2,446 psf, set in January 2024 when a 1,259 sq ft unit on the 10th floor was sold. However, the most expensive resale unit at the development in terms of absolute price is a 4,230 sq ft, six-bedroom penthouse that was sold for $10.2 million ($2,399 psf) in December 2024.
Built in 2022, Jadescape comprises 1,206 units across seven residential towers. Situated at the junction of Marymount Road and Shunfu Road, the development offers one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft, as well as two penthouses of 4,230 sq ft. It is within walking distance of Marymount MRT Station on the Circle Line and a four-minute walk from Sin Ming Plaza.
Data compiled by EdgeProp Research shows that Jadescape commands one of the highest average transacted prices among condos within a 1km radius. The average transacted price of units in the last 12 months stands at $2,192 psf. In comparison, other condos in the vicinity, such as 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.
No new psf-price lows were recorded during this period. Interested buyers can check out the latest listings for Hill House, The Tresor, and Jadescape properties.