The sale of a two-bedroom unit at Hill House topped the list of private condos that achieved a new psf-price high from Feb 7 to 16. The 999-year leasehold development hit a new peak of $3,398 psf when the 452 sq ft unit on the eighth floor was sold by the developer for $1.54 million on Feb 16.
The latest transaction marginally surpasses the previous peak of $3,378 psf set on Feb 11 when another 452 sq ft, two-bedroom unit on the eighth floor was sold for $1.53 million.
Hill House is a 72-unit development at the top of Institution Hill, off River Valley Road, that was launched in 2022. The prime District 9 boutique condo comprises 40 one-bedroom units of 431 sq ft. An additional 24 units are two-bedroom apartments, ranging from 452 sq ft to 624 sq ft, while the remaining eight units are three-bedroom apartments, spanning 753 sq ft.
Artist’s impression of Hill House, which saw a new record of $3,398 psf during the period in review (Photo: Macly Group)
According to URA caveats, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf since the condo launched in November 2022. The condo is under construction and is slated to be completed in 3Q2026.
Eight units have been sold at Hill House since the start of the year, including the unit sold on Feb 16. The eight units were sold at an average price of $3,190 psf. They include the most expensive unit transacted so far at the development in terms of absolute price — a 753 sq ft, three-bedroom apartment that fetched $2.39 million on Jan 5.
The boutique condo is within a five-minute walk of River Valley Primary School and is located close to lifestyle hub New Bahru.
999-year leasehold condo The Tresor came in second on the list of condos that saw new psf-price highs during the period in review. 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 Feb 10.
It beats the development’s previous psf-price high of $2,501 which was set in March 2024 when a 1,399 sq ft, three-bedroom unit on the second floor was purchased for $3.5 million.
The unit sold on Feb 16 is the first resale transaction at The Tresor in a year, based on caveats lodged. Before this, the most recent resale deal at the condo 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 located on Duchess Road in District 10. Completed in 2007, the development comprises a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft.
Photo: Samuel Isaac Chua/EdgeProp Singapore
Located 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.
Rounding out the top three on the list of condos that achieved a new psf-price high is Jadescape, where a 1,647 sq ft, four-bedroom unit on the 22nd floor changed hands for $4.05 million on Feb 7. It sets a new record of $2,459 psf at the District 20 development.
Previously, the record price high at Jadescape was $2,446 psf when a 1,259 sq ft unit on the 10th floor was sold in January. In terms of absolute price, the most expensive resale unit to date is a 4,230 sq ft, six-bedroom penthouse unit that fetched $10.2 million ($2,399 psf) in December 2024.
Jadescape is a 99-year leasehold condo that was completed in 2022. It comprises 1,206 units across seven residential towers. Located at the junction of Marymount Road and Shunfu Road, the development has one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft. There are also two penthouses of 4,230 sq ft.
Jadescape is within walking distance of Marymount MRT Station on the Circle Line, and a four-minute walk from Sin Ming Plaza.
Photo: Samuel Isaac Chua/EdgeProp Singapore
Data compiled on EdgeProp Research indicates that Jadescape commands one of the highest average transacted prices among condos within a 1km radius. The average transacted price of Jadescape units for transactions in the last 12 months stands at $2,192 psf.
In comparison, other condos in the vicinity, such as the Tresalveo on Marymount Terrace, 183 Lonoghaus 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 the period in review.
