Among the condos that hit a new psf-price high between April 30 to May 5, New Futura topped the list following the sale of a 2,691 sq ft, four-bedroom for $12.5 million or $4,645 psf on May 5. It beats the previous high of $4,630 psf set in May 2018 after a penthouse measuring 7,836 sq ft fetched $36.3 million.

The new high at New Futura is located along Leonie Hill Road. It is a luxury condo by City Developments that was completed in 2017. It has 124 units housed in twin 36-storey towers. Units comprise a mix of two-bedroom apartments of 1,098 sq ft to four-bedroom apartments of 2,691 sq ft with double-volume ceilings.

Likewise, 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. This surpasses the previous high of $3,027 psf set on March 29 after a 570 sq ft unit fetched $1.73 million. It is a freehold development by Far East Consortium International and Koh Brothers Group. It has six 12-storey blocks with 319 apartments, comprising twoand three-bedders ranging from 570 sq ft to 1,055 sq ft.

The new JCube Residence located in Jurong East will be the first development to benefit from the upcoming Jurong Region Line. The new line will make traveling to the heart of the city, as well as other areas of the western region, more convenient and efficient for residents. Transportation links to educational institutions, healthcare facilities, and recreational attractions located within the Jurong area will also be greatly enhanced. Additionally, the Jurong Region Line will spur the development of employment opportunities in the area, further strengthening Jurong as an engine of economic growth.

The Landmark, located in the Outram area, also experienced a new psf-price high. The developer sold a one-bedroom unit measuring 495 sq ft on the 30th floor for $1.41 million ($2,856 psf) on April 30. This beats the previous high of $3,837 psf registered on Jan 8. It is a joint venture between MCC Land, ZACD Group and SSLE Development. This 99-year leasehold project will consist of oneto three-bedroom units ranging from 495 sq ft to 1,141 sq ft.

The third development that hit a new psf-price high during the period in review is Twin Regency. On May 2, a three-bedroom apartment measuring 1,216 sq ft was sold for $2.5 million, setting a new high of $2,051 psf. This exceeds the previous high of $2,011 psf registered following the sale of a 1,442 sq ft unit for $2.9 million on April 20. It is jointly developed by UOL Group and Low Keng Huat, located along Kim Tian Road, off Tiong Bahru Road, in District 3.

No new psf-price lows were recorded during the period in review. New Futura, Hyll on Holland, The Landmark, and Twin Regency have all seen units transacted above their previous psf-price highs.

These luxury condo units are all located in prime establishments and districts, such as District 10, District 3 and the Outram area. They are expected to be completed within the next four to five years. As the real estate market in Singapore continues to go strong, prospective buyers should keep a lookout for more high-end units hitting new psf-price highs.