Investing in a condo in Singapore has proven to be a wise choice for many, thanks to its numerous advantages. With its high demand, potential for capital appreciation, and attractive rental yields, a condo in Singapore offers promising returns. However, before making a decision, it is vital to carefully consider various factors such as location, financing options, government regulations, and current market conditions. Through thorough research and seeking professional advice, investors can make informed choices and maximize their profits in Singapore’s dynamic real estate market. Whether a local investor looking to diversify their portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore present a compelling opportunity.
These are the top 5 most expensive condos in Singapore The Esta, a freehold development located in District 15, has set a new record for the highest price per square foot achieved for a private condo from Feb 21 to 28. According to recent data, a 1,001 sq ft two-bedroom unit at the development changed hands for $2,377 psf on Feb 26, fetching a total of $2.38 million. This transaction surpasses the project’s previous record of $2,317 psf, which was set in January last year when a three-bedroom unit was sold for around $3.2 million. The average resale price at The Esta has been steadily rising over the past three years, with prices increasing by 11.7% since 2022. The most expensive unit sold at the development was a 3,477 sq ft, five-bedroom apartment, which went for $6.25 million in October 2021. The location of The Esta, just a stone’s throw from Tanjong Katong MRT Station and nearby lifestyle hubs, makes it a highly sought-after property. In second place for the highest new psf-prices recorded during the review period is D’Leedon, a 99-year leasehold condo located in District 10. A 1,421 sq ft three-bedroom unit on the 29th floor was sold for $3.25 million on Feb 25, setting a new psf-price record of $2,287. This transaction slightly surpassed the previous record of $2,180 psf, which was achieved in October last year. The development has seen 11 units sold since the start of this year, with an average price of $2,065 psf. In third place is Citylights, a 600-unit, 99-year leasehold condo situated in Kallang. An 893 sq ft two-bedroom unit on the 26th floor sold for $1.98 million on Feb 27, setting a new psf-price high of $2,216. This represents a 4.4% increase from the previous peak of $2,122 psf, which was set in December last year. Completed in 2007, Citylights is close to Lavender MRT Station and offers a range of units from one to four bedrooms. No new psf-price lows were recorded during the period in review.