Investment Highlights: Boutique Luxury Condo Hill House Sets Record $3,420 psf, Leading High-End Compact Units

New Highs! Hill House, Sanctuary@Newton and The Seafront on Meyer Set Fresh Record psf Prices

Even as broader market sentiment remains cautious, boutique condominiums in Singapore continue to set fresh price benchmarks. According to the latest caveats lodged, Hill House, Sanctuary@Newton, and The Seafront on Meyer have each recently achieved their respective all-time high price per square foot (psf), underlining continued strong demand for rare, prime boutique properties in the high-end market segment.

Hill House: Prime District 9 Boutique Project Soars to $3,420 psf

Located along Institution Hill, just off River Valley Road in prime District 9, Hill House set a new record high of $3,420 psf on 20 April. A 452 sq ft, two-bedroom unit was transacted for approximately $1.55 million, surpassing the development's previous high of $3,402 psf set by a similar unit on the same floor in February this year.

Developed by Macly Group, the 999-year leasehold boutique project comprises 72 units, focusing on compact one- to three-bedroom layouts. Year to date, 14 units have been transacted at an average price of $3,105 psf. Around 60% of the project's units have been sold since its launch in November 2022.

The development is in close proximity to Somerset, Fort Canning, and Great World MRT stations, and sits within 2 km of reputable schools such as Anglo-Chinese School (Junior) and River Valley Primary School. Its prime location makes it an attractive choice for buyers seeking both high privacy and solid investment potential.

Sanctuary@Newton: Four-Bedroom Unit Breaches $2,870 psf

Also hitting a fresh milestone is Sanctuary@Newton in District 11. Located along Surrey Road, the development saw a 1,206 sq ft, four-bedroom unit change hands for $3.46 million on 8 April, charting a new high of $2,870 psf.

The exclusive freehold development houses just 38 units, including only four 4-bedroom apartments. To date, the project's top three highest psf transactions have all been generated by this layout. Approximately 40% of the units have been taken up since its launch in June 2023, at an average price of $2,707 psf. The project is expected to obtain Temporary Occupation Permit (TOP) within this year.

Sanctuary@Newton is within walking distance of both Newton and Novena MRT stations, and is surrounded by prestigious educational institutions including Anglo-Chinese School (Barker Road) and Singapore Chinese Girls' School.

The Seafront on Meyer: East Coast Sea-Facing Unit Hits New Benchmark

Situated along Meyer Road, The Seafront on Meyer likewise set a new high this month. On 10 April, a 1,604 sq ft, three-bedroom unit was sold for $4.21 million, translating to $2,624 psf—nearly 4% above the development's previous record of $2,525 psf established in November last year.

Since its completion in 2010, the development has enjoyed steady capital appreciation. Data shows that for the 12-month period ending 1 April, average prices stood at $2,352 psf, up 5% year on year. A total of four transactions have been recorded so far this year, with an average price of $2,383 psf.

The development is just a 200m stroll from the upcoming Katong Park MRT station, with nearby schools including Kong Hwa School, Tanjong Katong Primary School, and Tanjong Katong Secondary School, offering an ideal living environment for families.