Singapore is renowned for its modern skyline dominated by towering skyscrapers and advanced infrastructure. Among the various attractive elements of the city are the luxurious condos located in exclusive areas, offering the perfect combination of lavishness and convenience that appeals to both locals and foreigners. These upscale condo units come equipped with high-end facilities such as swimming pools, fitness centers, and top-notch security services, elevating the overall living experience and making them highly sought after by potential renters and buyers. For real estate investors, these added amenities translate into higher rental returns and a consistent rise in property value over time, making investing in a condo in Singapore a smart choice.
During the period of Feb 16 to 21, a three-bedroom unit at One Holland Village Residences set a new record psf-price high of $3,781 psf. The 1,238 sq ft unit was sold for $4.68 million on Feb 17, marking the first sale at the 99-year leasehold development this year.The development, which is currently under construction, is fully sold, based on URA caveats. The most expensive unit transacted by absolute price was a 3,455 sq ft, five-bedroom apartment sold for $11.4 million ($3,300 psf).In the same week, boutique condo Hill House also set a new record of $3,402 psf when a 452 sq ft, two-bedroom unit was sold for $1.538 million on Feb 21. This comes after the development posted a high of $3,398 psf on Feb 16 from the sale of another similar-sized unit for $1.536 million.A 732 sq ft, two-bedroom unit at Chuan Park was also sold at a new record of $2.785 psf on Feb 19. The development has sold 744 out of its 916 units at an average price of $2,589 psf since its launch in November 2024.