During the week between April 30 to May 5, several luxurious condominiums set new psf (price per square foot) sale price records in Singapore. City Developments’ New Futura claimed the top spot when one of its four-bedroom 2,691 sq ft units sold for $12.5 million, amounting to $4,645 psf on May 5 – a special price that broke the previous high record of $4,630 psf set on May 2018 when a 7,836 sq ft penthouse was sold.
New Futura is located on Leonie Hill Road, offering a modern and sleek design that comprises two twin 36-floor towers accommodating 124 units in total. The available units range from 1,098 sq ft two-bedroom apartments to 2,691 sq ft four-bedroom apartments with double-volume ceilings. Additionally, each tower features a 7,836 sq ft penthouse for maximal luxury.
Hyll on Holland also broke a psf price record with the sale of a three-bedroom plus study apartment of 1,055 sq ft for $3.23 million, amounting to $3,059 psf on May 1. The sale exceeded the previous record of $3,027 psf, set on March 29, after a 570 sq ft unit was sold for $1.73 million.
Developed by Far East Consortium International and Koh Brothers Group, Hyll on Holland on Holland Road in Singapore’s District 10 flaunts six splendid 12-storey blocks and 319 luxurious apartments, offering various two and three-bedders, ranging from 570 sq ft to 1,055 sq ft. The development has enjoyed significant success since its October 2020 launch, with 297 out of 319 units (93%) sold at an average price of $2,630 psf, according to caveats lodged.
Moreover, Hyll on Holland lies a mere four minutes’ drive from Holland Village, consisting of an array of shops, eateries, and malls such as Raffles Holland V and Holland Road Shopping Centre located on Holland Avenue. The development is estimated for completion in 2025. The Myst, a new condo to be launched soon, is located nearby at Upper Bukit TImah Road.
The Landmark in Singapore’s Outram area is another condominium that clocked a new psf-price high after a one-bedroom unit measuring 495 sq ft on the 30th floor was sold for $1.41 million ($2,856 psf) on April 30. The vertical community set a new standard, surpassing the earlier record of $2,837 psf in early January when another 495 sq ft unit was sold for $1.41 million.
Jointly developed by MCC Land, ZACD Group, and SSLE Development, The Landmark is located beside Pearl Hill City Park in District 3. It is a 99-year leasehold project with alluring one to three-bedroom units spanning 495 sq ft to 1,141 sq ft. The prominent location is well-connected; within ten minutes walking distance from Chinatown MRT Station on the Downtown and North-East Lines and in proximity to various local conveniences such as the Chinatown Point along New Bridge Road and UE Square at Clemenceau Avenue. The project is slated for completion in 2025.
Twin Regency, jointly developed by UOL Group and Low Keng Huat, is a freehold project located in District 3 along Kim Tian Road, off Tiong Bahru Road. Comprising 234 units and residences, Twin Regency’s offerings include a mix of two-, three-, and four-bedroom units and penthouses. Its units measure from 980 sq ft to 1,841 sq ft, while penthouses range from 2,121 sq ft to 3,455 sq ft. Completed in 2007, Twin Regency has seen a unit transacted at a price above $2,000 psf not once but twice. The third project to hit a new psf-price high on review, Twin Regency, has surpassed its previous psf records, with a three-bedroom apartment measuring 1,216 sq ft sold for $2.5 million, setting a new high of $2,051 psf. This beats the previous record of $2,011 psf achieved following the sale of a 1,442 sq ft unit for $2.9 million on April 20.
