Boutique condo Hill House hits new high of $3,420 psf

Boutique development Hill House topped the list of condos that reached new psf-price highs between April 8 and April 20, with a new price high of $3,420 psf. The new record price stemmed from the developer’s sale of a 452 sq ft, two-bedroom unit on the ninth floor for about $1.55 million on Apr 20.

The new record inches past the previous record of $3,402 psf that was set earlier this year when a similarly sized 452 sq ft, two-bedroom unit sharing the same floor was sold for about $1.54 million on Feb 21.

Still under construction, the project has seen 14 units move so far this year at an average price of $3,105 psf. This marks a slight dip from last year, which recorded an average price of $3,120 psf over 11 transactions.

Artist’s impression of Hill House, which is slated for completion in 3Q2026. (Source: Macly Group)

Hill House is a 999-year leasehold condo located on Institution Hill, off River Valley Road in prime District 9. Launched in 2022, the boutique development houses 72 residential units comprising one-bedroom and one-bedroom plus study units sized from 431 sq ft to 452 sq ft, two-bedroom units of 624 sq ft and three-bedroom apartments of 753 sq ft.

As of April 29, developer Macly Group has sold a total of 43 units (59.7%) at an average price of $3,073 psf since the condo launched in November 2022. The project is slated to be completed in 3Q2026.

Hill House is located within 2km of several primary schools, including Alexandra Primary School, Anglo-Chinese School (Junior), River Valley Primary School and St Margaret’s School (Primary).

Nearby public transportation nodes such as Somerset MRT Station, Fort Canning MRT Station and Great World MRT Station provide connectivity to the North South, Downtown and Thomson-East Coast Lines.

Sanctuary@Newton is an upcoming 38-unit freehold condo located along Surrey Road in prime District 11. (Source: ASK Development)

Meanwhile, Sanctuary@Newton took second place during the period in review by achieving a new price peak of 2,870 psf. The record-setting price was the result of an April 8 transaction that saw a 1,206 sq ft, four-bedroom unit on the 13th floor change hands for $3.46 million.

It unseats the previous price record of $2,841 that was set just a month prior when another 1,206 sq ft, four-bedroom unit on the same stack was sold for about $3.43 million.

As of April 29, the top three priciest transactions at Sanctuary@Newton by psf-price have been taken up by its four-bedroom units. The project houses just four such units. In terms of psf-price, the most affordable four-bedroom unit sold to date was a 1,216 sq ft unit that fetched $3.45 million ($2,835 psf) in July last year. The final and smallest four-bedroom unit, spanning 1,130 sq ft, is still on the market.

Sanctuary@Newton is an upcoming 38-unit freehold condo located along Surrey Road in prime District 11. The condo is a single-tower development and contains a mix of two-bedroom units spanning 775 sq ft to 807 sq ft, three-bedroom units spanning 1,023 sq ft to 1,055 sq ft and four-bedroom units spanning 1,130 sq ft to 1,249 sq ft.

Since launching for sale in June 2023, the condo has moved 16 units (42.1%) at an average price of $2,707 psf. Construction is expected to be completed later this year.

Sanctuary@Newton is within walking distance of Newton MRT Interchange and Novena MRT Station, providing connectivity to the Downtown and North-South Lines.

Schools within a 2km radius of the condo include Anglo-Chinese School (Junior) along Winstedt Road, Anglo-Chinese School (Primary) along Barker Road, St Joseph’s Institution Junior along Essex Road, St Margaret’s School (Primary) along Sophia Road and Singapore Chinese Girls’ Primary School along Dunearn Road.

Completed in 2010, The Seafront on Meyer is a freehold condo located along Meyer Road in District 15. (Photo: Samuel Isaac Chua / EdgeProp Singapore)

Rounding off the top three condos and private residential apartments in terms of price peaks is The Seafront on Meyer. The freehold condo reached a new price high of $2,624 psf when a 1,604 sq ft, three-bedroom unit on the 21st floor changed hands for $4.21 million on April 10.

The new record price surpassed the previous peak of $2,525 psf by 3.9%. The former record was set in November last year when a similarly sized 1,604 sq ft, three-bedroom unit on the 11th floor sold for $4.05 million.

The resale price of units at The Seafront on Meyer has been steadily increasing over the past decade. Based on a 12-month rolling average tabulated by EdgeProp Singapore’s analytical tools, the average price of units sold at the project as of Apr 1 was $2,352 psf. It marks a 5% y-o-y increase over the average price of $2,239 psf recorded on April 1, 2024. As of the time of writing, the condo has recorded four transactions this year at an average price of $2,383 psf.

Completed in 2010, The Seafront on Meyer is a freehold condo located along Meyer Road in District 15. The project comprises three 24-storey residential blocks with a basement carpark. It houses a mix of two- and three-bedroom units sized between 1,066 sq ft and 1,410 sq ft, four-bedroom units of 2,088 sq ft to 2,605 sq ft and penthouses of 4,273 sq ft to 4,295 sq ft.

The nearest MRT to the condo is Katong Park MRT Station along the Thomson-East Coast Line, located about 200m away. Schools in the area include Kong Hwa School, Tanjong Katong Primary and Secondary Schools and Tanjong Katong Girls’ School.

There were no new psf-price lows recorded during the period in review.