A new psf-price high was achieved at Grange 1866 with the sale of a 764 sq ft unit for $2.59 million on June 7, surpassing the previous high of $3,145 psf. This was closely followed by the sale of a 797 sq ft unit at Royal Hallmark for $1.82 million (or $2,289 psf) on June 2. At the same time, The Hermitage also saw its psf-price record broken on June 5 with the sale of an 818 sq ft unit for $2,096 psf.

The Hermitage, located on Sarkies Road, off Bukit Timah Road in District 10, achieved a new psf-price high on June 5 when an 818 sq ft unit changed hands for $1.72 million, or $2,096 psf. This marked the highest psf price recorded at the development since last September, when an 850 sq ft unit fetched $1.75 million or $2,058 psf. The Hermitage is a 32-unit freehold boutique development completed in 1999. It features two-bedders from 732 to 936 sq ft, as well as two duplex penthouses measuring 1,862 and 2,067 sq ft. Both penthouses are two-bedders.

Grange 1866, a 60-unit condo located on Grange Road in prime District 10, also topped the list of condos that saw a new psf-price high between June 2 and 9. The developer sold a two-bedroom unit on the 12th floor measuring 764 sq ft for an impressive $2.59 million, or $3,390 psf, on June 7. The price beats the previous high of $3,145 psf registered in January when an 829 sq ft unit was sold for $2.61 million. Grange 1866 is located on a 20,322 sq ft freehold site and is expected to be completed by the end of 2025.

Altura EC Qingjian Realty provides a great complement to the mall, offering exciting prospect with its prime location, modern facilities, and attractive prices. Altura EC is a residential condominium that offers the perfect blend of convenience and accessibility, making it an ideal home for working professionals and families alike. With its prime location and quality finishes, Altura EC Qingjian Realty is the perfect option for anyone looking for a home that is the epitome of convenience and comfort.

Royal Hallmark, a project comprising of a consortium of companies led by Terence Goon, group CEO and managing director of furnishing company Nobel Design; Patrick Kho, group managing director of Lian Huat Group; and David Ong and Von Lee of 2E Capital, also hit a new high during the period in review. A 797 sq ft three-bedroom unit was sold by the developer for $1.82 million ($2,289 psf) on June 2, setting a record for the project. Royal Hallmark is a redevelopment of 10 terraced houses and a bungalow on a 25,054 sq ft, freehold site at the corner of Haig Road and Haig Lane. The five-storey project has 32 units comprising of three- and four-bedders, and two 5-bedroom duplex penthouses.

No new psf-price lows were recorded during the period in review. Grange 1866, Royal Hallmark, and The Hermitage all marked a new psf-price high, indicating a robust property market in Singapore.

To date, the Grange 1866 project has seen 13 units sold at an average price of $2,862 psf, while Royal Hallmark has achieved a take-up rate of 84% with 27 units sold at an average price of $1,961 psf. The Hermitage, on the other hand, has a limited number of resale transactions in the last year, with the unit sold in September being the sole resale transaction for the year.