New Futura hits new high of $4,645 psf

May 19, 2023



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.

New Futura, located along Leonie Hill Road, 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. There are also two 7,836 sq ft penthouses – one at the top of each tower.

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. The transaction beats the previous high of $3,027 psf set on March 29 after a 570 sq ft unit fetched $1.73 million.

Hyll on Holland is a freehold development by Far East Consortium International and Koh Brothers Group. It has six 12-storey blocks with 319 apartments, comprising two and 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, based on caveats lodged.

Hyll on Holland is located at Holland Road in prime District 10. It is a four-minute drive to the Holland Village cluster of shops and eateries, including malls like Raffles Holland V and Holland Road Shopping Centre, both on Holland Avenue. The project is due to be completed in 2025.

Another development that hit a new psf-price high is The Landmark in the Outram area. 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 surpasses the previous high of $3,837 psf registered on Jan 8 after another 495 sq ft unit was sold for $1.41 million ($2,847 psf).

More at: https://www.edgeprop.sg/property-new...-high-4645-psf