New launch Tre Residences breaks record for Geylang condo pricesLooks like you are trying to access a page that is password protected or not available.We apologize for the inconvenience.URL: https://www.edgeprop.sg/property-news/freehold-development-grange-1866-tops-chart-new-weekly-psf-price-high
Grange 1866, a freehold development, stole the limelight as it recorded the highest psf-price for new condo transactions in the week of November 22-29. The newly established price of $3,393 psf was achieved when the developer sold a 818 sq ft, two bedroom unit for $2.78 million on November 27. The 14th-floor apartment just surpassed the previous record of $3,390 psf which was created in June 2019 following the sale of a 764 sq ft unit for $2.59 million.As of today, there have been a total of 12 new sale transactions at Grange 1866 with an average price of $3,181 psf. The most expensive unit that transacted this year at the development was a 1,012 sq ft, two-bedroom apartment on the 16th floor which sold for $3.02 million ($2,989 psf). Currently, out of the 60-units that comprise the project, 45 have already been sold (75%).For the latest updates on New Launches, check out the available units and transaction prices.The highly-anticipated Grange 1866 which provides freehold tenure is located in the sought-after district 10 on Grange Road. Spread on a freehold land of 20,322 square feet, the development features a single 16-storey residential block. The units range from cozy and quaint one-bedroom and two-bedroom apartments between 527 and 1,012 sq ft.Hill House comes in second when it comes to recording new psf-price highs in the review period. The boutique development which has been the talk of the town hit a new psf-price high for the second time in November. The latest peak was $3,378 psf which was achieved when a 452 sq ft, two-bedroom apartment on the 8th floor was sold by the developer for approximately $1.53 million on November 28. This sale surpassed the previous record of $3,267 psf by 3.4%. The former record was created on November 11 when another similarly-sized two-bedroom unit on the fifth floor was sold for about $1.48 million.12 units have already been sold in Hill House since the start of the year, with the units transacting at an average price of $3,108 psf. The lowest-priced unit this year in terms of psf-price was a 753 sq ft, three-bedroom at $2.21 million ($2,934 psf).The highly-renowned Hill House is a 999-year tenure development that is located off River Valley Road, at Institution Hill in prime District 9. The development which is set to be completed by 2026 boasts one-bedroom and one-bedroom-plus-study units between 431 and 452 sq ft, two-bedroom units spanning 624 sq ft, and three-bedroom apartments of 753 sq ft.I believe that Hill House has every right to boast of its ability to make the most expensive new sale in a nation like Singapore. Hill House is understood to have only 30 units (equivalent to 42%) sold at an average of $3,054 psf since its launch in November 2022. Taking the third position in this exclusive list, The Cosmopolitan set a new psf-price high by achieving a sale of a 1,324 sq ft, three-bedroom apartment which was situated on the 26th floor for the grand price of $3.73 million. This is equivalent to $2,817 psf according to data that was available on November 25 last month. This completion at the prestigious River Valley Road is expected to be completed by 2008.The new record was 0.7% higher than the previous peak of $2,795 psf. This peak was made in October 2019 when another 1,324 sq ft, three-bedroom unit on the 17th floor of the same block was sold for $3.7 million.The seller of the current 26th-floor unit had in November 2010 purchased it for about $2.58 million, which was equivalent to $1,950 psf. Doesn’t this represent a profit of about $1.15 million?Said to be completed in 2008, the Cosmopolitan is a freehold condo that is located off Kim Seng Road in River Valley Road in District 9. The development that comes with a freehold tenure comprises two-bedroom apartments that span 1,141 sq ft, three-bedroom units that range between 1,324 and 1,399 sq ft, and four-bedroom apartments that range 1,679 sq ft. In this area, residents have the chance to sit and relax at the pool or go swimming while on a hot summer afternoon. The condo further boasts a safe neighborhood as we have units that have already been sold. The Cosmopolitan provides a home to a total of 228 units.Rounding up this list is the freehold development Grange 1866 which set a record when it comes to the highest psf-price among other new sale condos in the week of November 22-29. This new record that comes up as $3,393 psf was made from the sale of an 818 sq ft, two-bedroom unit that would reach out to a grand total of $2.78 million on November 27.The unit which is found on the 14th floor is reported to have narrowly passed the project’s previous record of $3,390 psf that was achieved in June last year. The former record was made when a 764 sq ft unit was sold for about $2.59 million. So far this year, 12 new sale transactions have been done at Grange 1866 at an average price of $3,181 psf. As earlier stated, the most expensive unit to transact at this development this year was a 1,012 sq ft, two-bedroom apartment on the 16th floor. This was sold for $3.02 million ($2,989 psf). The data at hand shows that out of the 60-unit project, 45 of them have been sold, equivalent to around 75% of the project. Find out more about New Launches and have a look at the available units and transaction prices.
Grange 1866, a freehold condominium, has topped the list of condominiums with the highest psf-price in the week of November 22-29. The week saw the project set a new psf-price high of $3,393 when the developer sold a 818 sq ft two-bedroom unit for a staggering $2.78 million on November 27. This new record peaked slightly above the project’s previous record of $3,390 psf which was set in June last year after another unit of 764 sq ft was sold for $2.59 million.In 2020 alone, 12 units have been sold at Grange 1866, with an average price of $3,181 psf. The most expensive unit sold at the development was a 1,012 sq ft two-bedroom apartment on the 16th floor, which went for $3.02 million ($2,989 psf). Out of the 60 units available at Grange 1866, 45 have already been sold, which accounts for 75% of the project, showing strong demand.Search for the latest New Launches to discover more about transaction prices and available units. Grange 1866 is a highly anticipated freehold development that is expected to be completed at the end of 2025. Located in prime District 10 on Grange Road, the project comprises a single 16-storey residential block occupying a freehold land area of 20,322 square feet. The units range from cozy one-bedroom apartments to larger two-bedroom apartments measuring between 527 and 1,012 sq ft.Hill House came in second in terms of new psf-price highs recorded during the review period. The boutique condominium achieved a new psf-price high for the second time in November when it reached a new peak of $3,378 psf. This happened when a 452 sq ft, two-bedroom unit on the 8th floor was sold by the developer for $1.53 million on November 25. This new record surpassed its previous record of $3,267 psf by 3.4% which was achieved on November 11 when another unit of the same size was sold for $1.48 million.12 units have been sold at Hill House by the developer from the start of the year, with an average price of $3,108 psf. The unit that recorded the lowest psf-price this year was a 753 sq ft, three-bedroom unit on the fourth floor that was sold for $2.21 million ($2,934 psf) on October 28.Hill House is a highly sought-after freehold condominium located on Institution Hill, off River Valley Road, in prime District 9. The development, which is expected to be completed in 2026, offers one-bedroom and one-bedroom-plus-study units measuring between 431 and 452 sq ft, two-bedroom units of 624 sq ft, and three-bedroom apartments of 753 sq ft.Read also: Ardmore Park Condominium sees a record profit of $3.05 millionThe development has reported that 30 units (42%) have been sold
Singapore has become a highly sought-after destination for condo investments due to the limited supply of land. As a small island nation with a rapidly expanding population, Singapore is facing a shortage of land for development. As a result, strict land use policies have been implemented and the real estate market has become highly competitive, causing property prices to continuously rise. This has made investing in real estate, specifically Singapore condos, a profitable opportunity with the potential for significant capital appreciation. Being a part of the Singapore Condo market is a wise decision for investors looking for a lucrative venture in a land-scarce country.