The recent sale of a two-bedroom unit at Hill House has topped the list of private condos that achieved a new record price per square foot (psf) high between February 7 to 16. The 452 sq ft unit, located on the eighth floor, was sold by the developer for $1.54 million, setting a new peak of $3,398 psf for the 999-year leasehold development.The previous record of $3,378 psf, which was set on February 11, was only marginally surpassed when another 452 sq ft, two-bedroom unit on the eighth floor was sold for $1.53 million.Hill House, located at the top of Institution Hill off River Valley Road, is a boutique condo comprising 72 units that was launched in 2022. It consists of 40 one-bedroom units spanning 431 sq ft, 24 two-bedroom units ranging from 452 sq ft to 624 sq ft, and eight three-bedroom units spanning 753 sq ft.According to URA caveats, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf since its November 2022 launch. The condo is expected to be completed in the third quarter of 2026.Meanwhile, The Tresor, a 62-unit development on Duchess Road in District 10, came in second on the list of condos that saw new psf-price highs during the period. The sale of a 1,421 sq ft unit on the fifth floor for $3.73 million set a new record of $2,625 psf on February 10. This surpasses the previous peak of $2,501 psf set in March 2024 when a 1,399 sq ft, three-bedroom unit on the second floor was sold for $3.5 million.The most recent resale transaction at The Tresor prior to this was on March 4, 2024 when a 1,399 sq ft unit was sold for $3.5 million ($2,501 psf).The Tresor, completed in 2007, consists of a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. It is situated a five-minute walk away from Tan Kah Kee MRT Station and within walking distance of Coronation Shopping Plaza and Serene Centre. Other amenities in the vicinity include Adam Food Centre and the Singapore Botanic Gardens.Rounding out the top three on the list is Jadescape, a 99-year leasehold condo completed in 2022. A 1,647 sq ft, four-bedroom unit on the 22nd floor was sold for $4.05 million on February 7, setting a new record of $2,459 psf for the development.The previous record was set in January with a transacted price of $2,446 psf for a 1,259 sq ft unit on the 10th floor. The most expensive resale unit at the development to date is a 4,230 sq ft, six-bedroom penthouse that was sold for $10.2 million ($2,399 psf) in December 2024.Jadescape consists of 1,206 units across seven residential towers and offers one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft. It also features two penthouses spanning 4,230 sq ft. The development is located at the junction of Marymount Road and Shunfu Road, a five-minute walk from Marymount MRT Station and a four-minute walk from Sin Ming Plaza.A comparison of Jadescape with other condos within a 1km radius in terms of average transacted prices reveals that it commands one of the highest average prices at $2,192 psf over the past 12 months. In contrast, other condos in the vicinity, such as Tresalveo on Marymount Terrace, 183 Longhaus 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 over the same period. All three developments are freehold properties.There were no new psf-price lows recorded during the February 7 to 16 period.
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