The historic district of District 9 continues to attract buyers with its premium address and exclusive properties, as seen in the recent record-breaking price deals at The Botanic on Lloyd and The Cape. Meanwhile, the upcoming Tembusu Grand offers buyers the opportunity to secure a luxurious unit at a new price low. Tucked away in a quiet enclave, these freehold and 99-year leasehold developments offer a tranquil lifestyle in the heart of the city. With limited transactions at these sought-after developments, buyers can expect exclusivity and privacy. For those seeking a prestigious address and an attractive investment opportunity, The Botanic on Lloyd, The Cape and Tembusu Grand are definitely worth considering.
The Botanic on Lloyd, a freehold condominium, made headlines recently for achieving the highest psf-price among private non-landed developments. Its latest sale of a 2,056 sq ft, four-bedroom unit on the second floor for $5.13 million, or $2,493 psf, set a new price record for the period between Jan 3 and Jan 11. This represents a 6.6% increase from the previous record of $2,339 psf set in October last year.
This boutique development, completed in 2006, comprises 60 apartments and six townhouses. Featuring a mix of three- and four-bedroom units ranging from 1,485 sq ft to 3,584 sq ft, as well as three-storey townhouses with five bedrooms and two private parking lots each, The Botanic on Lloyd offers exclusivity and privacy with only an average of one transaction per year in the past decade. In fact, the last unit to change hands before the October 2024 sale was a 3,584 sq ft, four-bedroom unit that fetched $6.88 million ($1,919 psf) in January 2022, making it the most expensive unit sold at the condo by absolute price.
Another freehold boutique development, The Cape, also achieved a new price record during the same period. A 1,313 sq ft, three-bedroom unit on the 15th floor was sold for $3 million, or $2,284 psf, surpassing the previous record of $2,265 psf set in November 2012. Completed in 2014, The Cape offers one- to three-bedroom units ranging from 570 sq ft to 1,539 sq ft across a single residential block. Its average price has been on an upward trend in the past year, with only one unit sold in 2023 at a price of $1,920 psf and three units sold in 2024 at an average price of $2,128 psf.
Investing in a condo in Singapore has become an increasingly popular option for investors, both local and foreign. With its strong economy, political stability, and high standard of living, the city-state offers a promising environment for real estate investments. Among the various options available in Singapore’s real estate market, condos are particularly attractive for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when looking to invest in a condo in Singapore. For a comprehensive list of Singapore projects, visit Singapore Projects.
On the other end of the spectrum, upcoming 99-year leasehold development Tembusu Grand set a new price low of $2,174 psf with the sale of a 1,399 sq ft, three-bedroom unit on the 20th floor for $3.04 million on Jan 11. This is slightly lower than the previous price low of $2,193 psf, which was set just two months earlier in November 2024. Launched in April 2023, Tembusu Grand has since sold 584 units at an average price of $2,444 psf. With its expected completion in 2028, Tembusu Grand presents an opportunity for buyers to secure a luxurious unit at a lower price point.
Located in prime District 15, Tembusu Grand offers a range of units from one- and two-bedroom apartments to five-bedroom units, spanning 527 sq ft to 2,691 sq ft. With its convenient location and luxurious facilities, this upcoming development is sure to attract buyers looking for a prestigious address and a worthwhile investment opportunity.
In conclusion, the recent price records set at The Botanic on Lloyd and The Cape, as well as the attractive prices offered at Tembusu Grand, highlight the enduring appeal of the historic district of District 9. With limited transactions and a tranquil lifestyle, these developments offer buyers a rare opportunity to own a prestigious and exclusive property in the heart of the city.