Two Bedder Hill House Sets New High 3398 Psf
Hill House Achieves New Peak of $3,398 psf for Two-Bedroom Unit
During the period of Feb 7 to 16, the sale of a two-bedroom unit at Hill House has topped the list of private condos with a new psf-price high. The 999-year leasehold development achieved a record-breaking price of $3,398 psf when the developer sold a 452 sq ft unit on the 8th floor for $1.54 million on Feb 16. This latest transaction narrowly surpassed the previous peak of $3,378 psf set on Feb 11, when another 452 sq ft, two-bedroom unit on the 8th floor was sold for $1.53 million.
Nestled at the top of Institution Hill, off River Valley Road, Hill House is a boutique condo with 72 units. It was launched in 2022 and comprises 40 one-bedroom units of 431 sq ft, 24 two-bedroom units ranging from 452 sq ft to 624 sq ft, and 8 three-bedroom units spanning 753 sq ft. The development is expected to be completed in 3Q2026 and is within a 5-minute walk to River Valley Primary School and close to the lifestyle hub, New Bahru.
According to URA caveats, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf since its launch in November 2022. In 2022, 8 units were sold at an average price of $3,190 psf, including the most expensive unit that was sold – a 753 sq ft, three-bedroom apartment for $2.39 million on Jan 5. Based on caveats lodged, 8 units have been sold at Hill House since the start of the year.
The Tresor clinched the second spot among condos that saw new psf-price highs from Feb 7 to 16. A resale transaction of a 1,421 sq ft unit on the 5th floor set a record price of $2,625 psf when it was sold on Feb 10 for $3.73 million. This new record surpasses the previous psf-price high of $2,501 set in March 2024, when a 1,399 sq ft, three-bedroom unit on the 2nd floor was sold for $3.5 million.
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This resale transaction is the first in a year at The Tresor, according to caveats lodged. The most recent resale deal at the condo was for the sale of a 1,399 sq ft unit for $3.5 million ($2,501 psf) on March 4, 2024. The Tresor is a 62-unit development located on Duchess Road in District 10. Completed in 2007, it comprises a mix of two-, three- and four-bedroom apartments ranging from 990 to 2,896 sq ft. It is a five-minute walk to Tan Kah Kee MRT Station and within walking distance to amenities such as Coronation Shopping Plaza and Serene Centre.
In third place is 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 psf record of $2,459 psf for the District 20 development. This unit overtakes the previous record of $2,446 psf set in January by a 1,259 sq ft unit on the 10th floor. The most expensive resale unit so far was a 4,230 sq ft, six-bedroom penthouse unit sold for $10.2 million ($2,399 psf) in December 2024. Jadescape is a 99-year leasehold condo completed in 2022, with 1,206 units across seven residential towers. Located at the junction of Marymount Road and Shunfu Road, the development comprises 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. It is within walking distance to Marymount MRT Station and a four-minute walk to Sin Ming Plaza.
Based on EdgeProp Research data, Jadescape has one of the highest average transacted prices among condos within a 1km radius. The average transacted price for Jadescape units within the last 12 months stands at $2,192 psf, while other nearby properties such as Tresalveo, 183 Longhaus and Thomson V Two have an average transacted price ranging from $1,712 psf to $1,912 psf. All three condos are freehold developments.
No new psf-price lows were recorded during this period.