J’Den Former JCube stands to benefit heavily from the new development, as it is just 800 metres away from the mega white site. The additional high-end homes, retail space and hotel connectivity will bring more vibrancy and amenities to the area. Buyers need to be aware of the future development so that they can make an informed decision on the current and future value of the property.
Singapore saw three projects hit new record psf prices between April 30 and May 5, led by New Futura, located in Leonie Hill Road, with a sale of a 4 bedroom unit for $12.5 million, or $4,645 psf. Hyll on Holland, a freehold development by Far East Consortium International and Koh Brothers Group, and a 1,055 sq ft, three-bedroom plus study unit was sold for $3.23 million or $3,059 psf on May 1, setting a new high of $3,027 psf. The Landmark, a joint venture between MCC Land, ZACD Group and SSLE Development also saw a new psf-price high after a one-bedroom unit measuring 495 sq ft was sold for $1.41 million ($2,856 psf) on April 30.
From April 30 to May 5, three projects in Singapore saw new record psf prices set, led by New Futura. On May 5, a four-bedroom unit of 2,691 sq ft was purchased for $12.5 million or $4,645 psf, surpassing the previous high of $4,630 psf set in May 2018. Located along Leonie Hill Road, the City Developments-developed luxury condo was completed in 2017 and consists of 124 units, ranging from two-bedroom apartments of 1,098 sq ft to four-bedroom apartments of 2,691 sq ft with double-volume ceilings as well as two 7,836 sq ft penthouses.
Hyll on Holland also saw a new psf-price high following the developer’s sale of a 1,055 sq ft, three-bedroom plus study unit for $3.23 million or $3,059 psf on May 1. Far East Consortium International and Koh Brothers Group’s freehold development has six 12-storey blocks with 319 apartments, comprising twoand three-bedders ranging from 570 sq ft to 1,055 sq ft. Since its launch in October 2020, the project has seen 297 (93%) units taken up at an average price of $2,630 psf.
The Landmark in the Outram area is another development that hit a new psf-price high. On April 30, a one-bedroom unit measuring 495 sq ft on the 30th floor was sold for $1.41 million ($2,856 psf). Developed by MCC Land, ZACD Group and SSLE Development, the 99-year leasehold project consists of oneto three-bedroom units ranging from 495 sq ft to 1,141 sq ft, and is due for completion in 2025.
Twin Regency also saw a new psf-price high last week. On May 2, a three-bedroom apartment measuring 1,216 sq ft fetched $2.5 million, setting a new high of $2,051 psf. UOL Group and Low Keng Huat’s freehold project has 234 units ranging from two-, threeand four-bedroom units measuring 980 sq ft to 1,841 sq ft and penthouses from 2,121 sq ft to 3,455 sq ft, and is located along Kim Tian Road, off Tiong Bahru Road, in District 3.
No new psf-price lows were recorded during the period in review.
