SINGAPORE (EDGEPROP) - A conservation terraced house on a 1,747 sq ft plot of freehold land along Emerald Hill Road was sold for a record price of $5,896 psf (land area), or $10.3 million on Jan 18.

The record was previously held by a 1,508 sq ft terraced house on Emerald Hill Road, which was sold for $8 million ($5,305 psf). “In the past two years, transactions here have been between $3,900 and $4,100 psf on the land area,” says Susan Prior, managing director of Isabel Redrup Agency, the exclusive marketing agent for the property.

A double-storey terraced house with an attic, the property has five bedrooms, of which two are en suite. It has a double-volume ceiling height at the dining area on the first floor while the family area is on the second floor. On the roof terrace, there is a small pool and a shaded pavilion. The total gross floor area measures around 5,000 sq ft. Thus, the price tag of $10.3 million translates to $2,060 psf on floor area.

The exterior of the house is in the Chinese baroque architectural style, which features intricate wood carvings, ceramic tilework and ornate doorways. This is typical of the terraced houses at the Emerald Hill conservation area, which were built at the turn of the 20th century by wealthy Chinese and Straits-Chinese merchants. They number at around 150. The area was declared a conservation area by the URA in 1985 and gazetted four years later.

The property had been on the market for six weeks before it was purchased by a local family, says Prior. The seller had purchased it previously in September 2016 for $6.28 million ($3,595 psf), according to the URA caveat lodged.

The Emerald Hill conservation area is located off Orchard Road and Cairnhill Road in prime District 9. It is a 10-minute walk from Somerset MRT Station and the surrounding shopping malls like 313 Somerset and The Centrepoint.

Check out the latest listings near Emerald Hill, Emerald Hill conservation area, Orchard Road, Somerset MRT Station