In the week from Feb 16 to 21, a 1,238 sq ft, three-bedroom unit at One Holland Village Residences set a new psf-price high of $3,781 psf. The unit was sold for $4.68 million on Feb 17, making it the first transaction at the condo this year. This surpasses the development’s previous record price of $3,426 psf from a developer sale in August 2022.The second highest psf-price for the week came from boutique condo Hill House, where a 452 sq ft, two-bedroom unit on the ninth floor sold for $1.538 million ($3,402 psf). This marks the second consecutive week that Hill House has set a new price peak, after a unit on the eighth floor sold for $1.536 million ($3,398 psf) on Feb 16. The third-highest psf-price came from the sale of a 732 sq ft, two-bedroom unit at Chuan Park for $2.04 million ($2,785 psf) on Feb 19.
Investing in a condo in Singapore offers numerous advantages, with one of the most significant being the potential for capital appreciation. Due to its strategic location as a global business hub and strong economic foundations, Singapore consistently experiences a high demand for real estate. This has resulted in a steady increase in property prices over the years, particularly for condos in prime locations. Savvy investors who time their entry into the market right and hold onto their properties for the long run stand to benefit from substantial capital gains. To explore this potential further, check out the variety of promising Singapore Projects available.