Two Bedder Hill House Sets New High 3398 Psf
The latest period from Feb 7 to 16 saw the sale of a 452 sq ft, two-bedroom unit at Hill House set a new record psf-price high of $3,398, making it the top private condo in terms of psf-price in the period. Located in District 9 and launched in 2022, Hill House comprises 72 units and is expected to be completed in 3Q2026. The condo offers a mix of one- to three-bedroom apartments, with sizes ranging from 431 sq ft to 753 sq ft. The sold unit is a two-bedroom unit on the eighth floor and was sold by the developer for $1.54 million. This transaction slightly eclipses the previous psf-price high at the development of $3,378 psf when another two-bedroom unit was sold for $1.53 million on Feb 11.As of the end of 2021, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf, based on URA caveats. This puts the condo in a prime position as one of the most profitable developments in the district. The condo, located at the top of Institution Hill, is within a five-minute walk to River Valley Primary School and close to the upcoming lifestyle hub New Bahru.On the other hand, The Tresor came in second on the list of condos that saw new psf-price highs during the review period. Located in District 10 and completed in 2007, the freehold development comprises 62 units and offers a mix of two-, three-, and four-bedroom apartments, ranging from 990 to 2,896 sq ft. The sold unit is a 1,421 sq ft apartment on the fifth floor and was sold in a resale transaction for $3.73 million, setting a new record psf-price high of $2,625 psf. This beat the development’s previous psf-price high of $2,501 psf set in March 2024.
The most recent resale transaction at The Tresor was a one-year low, with the previous transaction taking place in March 2024 when a three-bedroom unit was sold for $3.5 million ($2,501 psf). Located within walking distance of Tan Kah Kee MRT Station, the development is also close to amenities such as Coronation Shopping Plaza and Serene Centre.
Rounding out the top three on the list is Jadescape, a 99-year leasehold development completed in 2022. Comprising 1,206 units across seven residential towers, the development offers a mix of one- to five-bedroom apartments, ranging from 527 sq ft to 2,099 sq ft. The sold unit, a 1,647 sq ft four-bedroom apartment on the 22nd floor, was transacted for $4.05 million, setting a new record psf-price high of $2,459 psf. This beats the previous record of $2,446 psf set in January when a 1,259 sq ft unit was sold. The highest absolute price achieved at the development for a resale unit is $10.2 million for a six-bedroom penthouse measuring 4,230 sq ft, transacted in December 2024.
Jadescape is located at the junction of Marymount Road and Shunfu Road, within walking distance to Marymount MRT Station and a four-minute walk to Sin Ming Plaza. It also commands one of the highest average transacted prices among condos within a 1km radius, with an average of $2,192 psf in the last 12 months. In comparison, other freehold developments in the vicinity such as The Tresalveo, 183 Longhaus, and Thomson V Two have average transacted prices ranging from $1,712 psf to $1,912 psf.
During the period under review, no new psf-price lows were recorded. Interested buyers can check for the latest listings for Hill House, The Tresor, and Jadescape properties to find out the transaction prices and available units. They can also search for the latest new launches to stay updated on the market.
