Two Bedder Hill House Sets New High 3398 Psf
The strategic location of Lynden Woods Capitaland provides convenient access to Singapore’s well-connected public transportation network. Surrounding MRT stations, such as Kent Ridge on the Circle Line, allow for easy travel to important hubs like One-North, Harbourfront, and the bustling Central Business District (CBD). Furthermore, with connectivity to the East-West Line, residents have a seamless commute to various parts of the island, whether it be to Jurong East, Tampines, or Changi Airport. This efficient network promotes sustainable, car-free living and presents an attractive option for residents to rely on public transport.
The period of Feb 7 to 16 saw a new record in the private condo market, with the sale of a two-bedroom unit at Hill House achieving the highest psf-price among all private condos. The 999-year leasehold development reached a new peak of $3,398 psf when the developer sold a 452 sq ft unit on the eighth floor for $1.54 million on Feb 16. This transaction surpassed the previous high of $3,378 psf, which was set on Feb 11 when another 452 sq ft unit on the eighth floor was sold for $1.53 million.
Hill House is a boutique condo located at the top of Institution Hill, off River Valley Road, that was launched in 2022. It consists of 72 units and features one-bedroom units of 431 sq ft, two-bedroom apartments ranging from 452 sq ft to 624 sq ft, and three-bedroom apartments spanning 753 sq ft. The prime District 9 development is expected to be completed in 3Q2026 and has already sold 37 units (51.4%) at an average price of $3,152 psf since its launch in November 2022.
In the same period, The Tresor, a 999-year leasehold condo, came in second on the list of condos with new psf-price highs. A resale transaction of a 1,421 sq ft unit on the fifth floor achieved a new record of $2,625 psf when it was sold for $3.73 million on Feb 10. This sale surpassed the development’s previous high of $2,501 psf, which was set in March 2024 for a 1,399 sq ft three-bedroom unit on the second floor. The latest transaction was the first resale deal at The Tresor in a year, based on caveats lodged.
The Tresor, a 62-unit development located on Duchess Road in District 10, was completed in 2007 and offers a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. It is located within a five-minute walk from Tan Kah Kee MRT Station and is also close to amenities such as Coronation Shopping Plaza and Serene Centre.
The third spot on the list of condos with new psf-price highs goes to Jadescape, where a 1,647 sq ft, four-bedroom unit on the 22nd floor was sold for $4.05 million on Feb 7, setting a new record of $2,459 psf at the District 20 development. The previous record at Jadescape was $2,446 psf for a 1,259 sq ft unit on the 10th floor in January. The most expensive resale unit at the development to date is a 4,230 sq ft, six-bedroom penthouse that was sold for $10.2 million ($2,399 psf) in December 2024.
Jadescape is a 99-year leasehold development that was completed in 2022 and comprises 1,206 units across seven residential towers. It offers one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft, as well as two penthouses of 4,230 sq ft. The development is located at the junction of Marymount Road and Shunfu Road and is within walking distance of Marymount MRT Station and Sin Ming Plaza.
Data compiled on EdgeProp Research shows that Jadescape has one of the highest average transacted prices among condos within a 1km radius. The average transacted price for Jadescape units over the past 12 months stands at $2,192 psf, compared to other nearby condos such as Tresalveo, 183 Longhaus, and Thomson V Two, which have average transacted prices ranging from $1,712 psf to $1,912 psf. No new psf-price lows were recorded during the period in review.