Freehold development Grange 1866 topped the list of condos that saw a new psf-price high in the week of Nov 22 to 29. The new price peak of $3,393 psf came from the developer’s sale of an 818 sq ft, two-bedroom unit for $2.78 million on Nov 27.

The 14th-floor unit narrowly surpassed the project’s previous record of $3,390 psf. The former record was set in June last year when a 764 sq ft unit changed hands for $2.59 million.

So far this year, there have been 12 new sale transactions at Grange 1866 with an average price of $3,181 psf. The most expensive unit transacted at the development this year by absolute price was a 1,012 sq ft, two-bedroom unit on the 16th floor that was sold for $3.02 million ($2,989 psf). To date, the 60-unit project has sold 45 units (75%).

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Freehold development Grange 1866 saw a new price peak of $3,393 psf from the sale of an 818 sq ft, two-bedroom unit for $2.78 million (Image: Heeton Holdings)

Expected to be completed by the end of 2025, Grange 1866 is located on Grange Road in prime District 10. The development features a single 16-storey residential block situated on a 20,322 sq ft, freehold site. Units comprise one- and two-bedroom apartments measuring between 527 and 1,012 sq ft.

Hill House took the silver medal in terms of new psf-price highs recorded during the period in review. The boutique condo hit a new psf-price high for the second time in November, with the latest peak standing at $3,378 psf. The new record was set when a 452 sq ft, two-bedroom unit on the 8th floor was sold by the developer for about $1.53 million on Nov 25.

The sale surpassed the previous record of $3,267 psf by 3.4%. The former record was achieved on Nov 11 when a similarly sized two-bedroom unit on the fifth floor was sold for about $1.48 million.

A total of 12 units have been sold at Hill House by the developer since the start of the year, with the units transacting at an average price of $3,108 psf. In terms of psf-price, the lowest-priced unit to transact at the development 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 Oct 28.

The 999-year leasehold condo is located on Institution Hill, off River Valley Road, in prime District 9. Expected to be completed in 2026, the 72-unit boutique development has one-bedroom and one-bedroom-plus-study units ranging between 431 and 452 sq ft; two-bedroom units of 624 sq ft; and three-bedroom apartments of 753 sq ft.

Read also: Unit at Island View sold for $3.5 mil profit

According to URA caveats, 30 units (42%) at Hill House have been sold at an average price of $3,054 psf since the condo launched in November 2022.

Rounding out the top three, The Cosmopolitan saw a new psf-price high with the sale of a 1,324 sq ft, three-bedroom unit on the 26th floor for $3.73 million, or $2,817 psf, on Nov 25.

The new record is just 0.7% higher than the previous peak of $2,795 psf set in October last year when another 1,324 sq ft, three-bedroom unit on the 17th floor of the same block was sold for $3.7 million.

The sellers of the 26th-floor unit had purchased it for about $2.58 million, or $1,950 psf, in November 2010. Thus, they made a profit of about $1.15 million.

Completed in 2008, The Cosmopolitan is a 228-unit freehold condo located along Kim Seng Road, just off River Valley Road, in prime District 9. The freehold development comprises two-bedroom units spanning 1,141 sq ft; three-bedroom units spanning from 1,324 to 1,399 sq ft; and four-bedroom apartments spanning 1,679 sq ft.

The condo is located within 1km of River Valley Primary School and within walking distance of Great World MRT Station on Thomson-East Coast Line. Nearby dining and retail options can be found at Great World City.

Read also: Four-bedder at Ardmore Park sold for $3.05 mil profit

There were no new psf-price lows recorded during the period in review.

Check out the latest listings for Grange 1866, Hill House, The Cosmopolitan, Condominium properties

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