The latest transaction data for the week of Feb 16 to 21 shows a three-bedroom unit at One Holland Village Residences achieving the highest psf-price among private condos. The unit, which spanned 1,238 sq ft, was sold for a record-breaking $3,781 psf, amounting to a total sale price of $4.68 million. This surpasses the previous record of $3,426 psf set by the developer’s sale of a four-bedroom unit in August 2022. Besides this, boutique condo Hill House also saw a new record of $3,402 psf during the review period. Chuan Park, a district 19 development, also had a new psf-price high of $2,785 psf with the sale of a 732 sq ft, two-bedroom unit on the 20th floor. With the private condo market continuing to see new record-high psf-prices, it is evident that demand for luxury properties in prime locations remains strong.
When it comes to real estate investments, location is a key factor that cannot be ignored. This is especially true in the context of Singapore, where the right location can mean the difference between a successful or unsuccessful investment. Condominiums that are strategically situated in central areas or in close proximity to important amenities such as schools, shopping malls, and public transportation hubs tend to experience a higher appreciation in value. Some prime locations in Singapore that have consistently shown growth in property values include Orchard Road, Marina Bay, and the Central Business District (CBD). These areas are highly sought after by investors due to their convenient location and potential for strong returns. Additionally, having access to top-rated schools and educational institutions also adds value to properties in these areas, making them even more attractive to families. Keep an eye out for new condo launches in these prime locations for potential investment opportunities.