A three-bedroom unit at One Holland Village Residences has set a new record, achieving a psf-price high of $3,781 in the period of Feb 16 to 21. This surpasses the project’s previous record of $3,426 psf, marking the first sale at the 99-year leasehold development this year.The unit, located on the 25th floor, measures 1,238 sq ft and was sold for $4.68 million on Feb 17. This translates to a profit of about $490,000 for the sellers, who had purchased the unit from the developer for $4.19 million, or $3,385 psf, in November 2023.One Holland Village Residences, situated in District 10 along Holland Village Way, is a 296-unit development that was launched in 2019. It comprises 62 one-bedroom units, 145 two-bedroom units, 76 three-bedroom units, nine four-bedroom units, and four five-bedroom units. The most expensive unit transacted at the development was a five-bedroom apartment, measuring 3,455 sq ft, which was sold for $11.4 million ($3,300 psf).Located at the top of Institution Hill, in District 9, Hill House is a 999-year leasehold boutique condo that comprises 40 one-bedroom units, 24 two-bedroom units, and eight three-bedroom units. The sale of a 452 sq ft, two-bedroom unit on the ninth floor for $1.538 million on Feb 21 set a new psf-price high of $3,402 for the development. Since the start of the year, a total of nine units at Hill House have been sold at an average price of $3,213 psf.Chuan Park, situated in District 19 along Lorong Chuan, comprises two- to five-bedroom units. A 732 sq ft, two-bedroom unit on the 20th floor was sold for $2.04 million ($2,785 psf) on Feb 19, setting a new record for the development. Data from Edgeprop Research shows that 81% of the 916-unit condo has been sold at an average price of $2,589 psf since its launch in November 2014.
In summary, investing in a condominium in Singapore has numerous benefits, including a strong demand, potential for increase in value, and appealing rental returns. However, it is crucial to carefully consider various factors such as the location, financing options, government regulations, and market conditions before making a decision. By conducting extensive research and seeking professional guidance, investors can make well-informed choices and maximize their profits in the constantly evolving real estate market of Singapore. Whether you are a local investor looking to diversify your investments or a foreign purchaser seeking a secure and lucrative opportunity, the latest launches of new condos in Singapore, such as those offered by New Condo Launches, present an irresistible opportunity.