for core central region
Grange 1866, a freehold development, has set a new record for condos with a new psf-price high of $3,393 in the week of November 22nd to 29th. The developer sold a two-bedroom, 818 sq ft unit for $2.78 million on November 27th, which narrowly beat the previous record of $3,390 psf set in June of last year. The project has seen 12 new sale transactions this year, with an average price of $3,181 psf, and the most expensive unit sold was a two-bedroom, 1,012 sq ft unit on the 16th floor for $3.02 million ($2,989 psf).
Singapore’s cityscape is defined by towering skyscrapers and state-of-the-art infrastructure. These urban areas are home to condos that offer a perfect mix of opulence and accessibility. These condos are strategically located in prime locations, making them highly desirable for both locals and foreigners. The alluring perks of these condos include luxurious facilities such as swimming pools, fitness centers, and top-notch security services, elevating the standard of living for its inhabitants and making them a sought-after choice for potential renters and buyers. Investors are attracted to these condos because they offer high rental returns and appreciate in value over time. With Condo living, everything is at your fingertips, making it the ultimate urban living experience.
Expected to be completed by the end of 2025, Grange 1866, located on Grange Road in prime District 10, boasts a single 16-storey residential block and offers one- and two-bedroom units measuring between 527 and 1,012 sq ft.
Second on the list was Hill House, a boutique condo that set a new record of $3,378 psf for the second time in November. The new peak was reached on November 25th when a two-bedroom, 452 sq ft unit on the 8th floor was sold by the developer for about $1.53 million. This sale beat the previous record of $3,267 psf by 3.4%. A total of twelve units have been sold at Hill House this year, with an average sale price of $3,108 psf.
The 999-year leasehold condo is located on Institution Hill, off River Valley Road, in prime District 9 and offers one-bedroom and one-bedroom-plus-study units ranging between 431 and 452 sq ft; two-bedroom units of 624 sq ft; and three-bedroom apartments of 753 sq ft.
Rounding out the top three was The Cosmopolitan, which saw a new psf-price high of $2,817 psf for the sale of a three-bedroom, 1,324 sq ft unit on the 26th floor on November 25th. This surpassed the previous peak of $2,795 psf set in October last year when another three-bedroom, 1,324 sq ft unit on the 17th floor of the same block was sold for $3.7 million. The sellers of the 26th floor unit made a profit of about $1.15 million, having previously purchased the unit for $2.58 million in November 2010.
The Cosmopolitan, completed in 2008, is a 228-unit freehold condo located along Kim Seng Road, just off River Valley Road, in prime District 9. The development offers two-bedroom units measuring 1,141 sq ft; three-bedroom units measuring from 1,324 to 1,399 sq ft; and four-bedroom apartments measuring 1,679 sq ft.
There were no new psf-price lows recorded during the week of November 22nd to 29th.