Grange 1866 sets new high of $3,393 psf

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%). Search for the latest New Launches, to find out the transaction prices and available units Advertisement Advertisement 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 Advertisement Advertisement 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 Advertisement Advertisement 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 Ask Buddy How much is the rental yield for The Cosmopolitan? Upcoming new launch projects Condo sale transactions in District 9 Price trend chart for Hill House Condo projects with most profitable transactions in District 9 How much is the rental yield for The Cosmopolitan? Upcoming new launch projects Condo sale transactions in District 9 Price trend chart for Hill House Condo projects with most profitable transactions in District 9