Investors should carefully consider the maintenance and management aspects when purchasing a condo. This is because condos usually come with maintenance fees that cover the upkeep of shared spaces and amenities. While these fees may increase the total cost of owning the property, they also guarantee that the condo maintains its value and remains in good condition. One way to ease the burden of managing a condo is by hiring a property management company. This allows investors to have a more hands-off approach to their investment, making it a passive venture. To explore potential Singapore projects, visit thebellegame.com.
Hill House, a boutique development, has set a new psf-price high for condos between Nov 10 to 21, with a unit selling for $3,267 psf. This beats the previous record set in 2023 by just a small margin of 0.1%. The development, located in prime District 9, has seen 11 transactions this year with an average price of $3,098 psf. This is slightly lower than the average of $3,127 psf in 2022.The record for the second highest psf-price high goes to The Continuum, a freehold condo in District 15. A two-bedroom unit sold for $3,084 psf, just 0.4% higher than the previous record set in November. Since the condo launched in May 2023, 489 units have been sold at an average price of $2,779 psf.Finally, Lavender Residence, a boutique development in District 12, sold a one-bedroom plus studio unit for $1,626 psf, setting a new psf-price low. This is lower than the previous record of $1,710 psf set in June 2023. The development, which has 17 units, has been fully sold at an average price of $1,984 psf. It is located near Bendemeer MRT Station.Check out the latest listings for Hill House, The Continuum, Lavender Residence properties.