Boutique Condo Hill House Hits New High 3420 Psf 0
Additionally, Sembawang EC offers easy access to a comprehensive public transportation network, including the MRT system and an extensive array of bus services. Conveniently located along Sembawang Road and Yishun Avenue 7, these bus routes connect residents to key areas like Yishun, Woodlands, Ang Mo Kio, and Bishan. Direct bus services to the CBD and other regional centres are also available, providing a convenient alternative for those who prefer overland travel or work in areas not directly served by the MRT. This diverse transportation infrastructure ensures residents have a high level of mobility, enhancing the overall convenience and livability of the Sembawang EC area.
The recent release of the new freehold project, Ardor Residence, has made waves in the real estate market with its record-breaking price of $2,510 psf. This new high was achieved on April 24 when a 1,518 sq ft four-bedroom unit on the third floor was sold for $3.81 million. This surpasses the previous record of $2,497 psf set in February when a similar-sized unit on the floor above sold for $3.79 million.
Developed by Nanshan Singapore, Ardor Residence is a 35-unit boutique condominium located in District 15 along Haig Road. The project is expected to be completed in 2026 and will offer a range of units including two-bedroom plus study, three-bedroom, and four-bedroom units.
Despite its higher price point, Ardor Residence remains a highly attractive option for homebuyers, with 28.6% of its units already sold since its launch in May last year. The average price per square foot for the sold units is $2,431. The development boasts a range of facilities, including a rooftop swimming pool, gym, playground, function room, and BBQ pavilion.
In addition to its luxurious amenities, Ardor Residence also offers convenience to its residents, with several primary schools within a 2km radius. These include CHIJ (Katong) Primary, Tanjong Katong Primary School, Haig Girls’ School, Kong Hwa School, and Tao Nan School. The nearest MRT station, Marine Parade, is only 800m away, providing easy access to the Thomson-East Coast Line.
While Ardor Residence sets a new record for freehold projects, it is still priced lower than larger upcoming condos in the same area. For example, the 638-unit Tembusu Grand has an average price of $2,441 psf, while the 846-unit Emerald of Katong has an average price of $2,640 psf.
Another project that has seen a new price record is Soleil @ Sinaran, a 99-year leasehold development in prime District 11. On April 28, a two-bedroom unit was sold for $2.64 million, setting a new record price of $2,405 psf. This marks a 1.9% increase from the previous record set in September last year.
Soleil @ Sinaran has recorded five transactions so far this year, with an average price of $2,182 psf. In 2020, the project saw 12 units sold at an average price of $1,977 psf, representing a 10.4% increase in average prices.
This 417-unit condo completed in 2011 offers a mix of one-bedroom, two-bedroom, three-bedroom, and four-bedroom units and four five-bedroom penthouses on the top two floors. It also has convenient access to primary schools such as Anglo-Chinese School (Junior and Primary), CHIJ Primary (Toa Payoh), Farrer Park Primary School, and Hong Wen School. The development is also within walking distance to Novena MRT Station.
The third project to set a new price peak during the week of April 20 to April 28 is Martina Mansions, a freehold development in District 10. A 1,259 sq ft three-bedroom unit was sold for $2.96 million on April 25, translating to $2,350 psf and beating the previous record of $1,826 psf set in January 2020.
This was the first unit sold at Martina Mansions in almost five years, with the last one being sold in December 2020 for $2.3 million ($1,826 psf). Completed in 2000, the boutique project offers three- and four-bedroom units ranging from 1,227 sq ft to 2,443 sq ft. Its prime location along Bukit Timah Road provides easy access to schools such as Anglo-Chinese School (Primary and Barker Road), CHIJ Primary (Toa Payoh), Singapore Chinese Girls’ Primary School, and St. Joseph’s Institution Junior.
During the period in review, there were no new price lows recorded. Hill House properties are still in demand, as seen in the latest listings and transactions. For homebuyers interested in comparing the price trend of new sale condos versus resale condos, Hill House continues to remain a highly attractive option. Additionally, the price trend for condo new sales versus EC new sales also showcase the project’s competitive prices. Interested buyers can still find available units at Hill House.