Commonwealth Towers has achieved a new psf-price peak during the week of Dec 27 to Jan 3 as it topped the list of private non-landed properties. The 99-year leasehold condo recorded a new price high of $2,460 psf on Dec 27 when a three-bedroom unit on the 40th floor was sold for $2.22 million. This surpassed the previous high set just three months ago in September 2024. The average resale price at Commonwealth Towers has been on the rise for the past three years, marking an 11.6% increase since 2022. On the other hand, Parq Bella and Klimt Cairnhill achieved a new psf-price record and low respectively during the same period. Parq Bella, a freehold project on Tembeling Road, sold a three-bedroom unit for $2.6 million, setting a new psf-price high of $2,416. On the other hand, Klimt Cairnhill, a freehold luxury project in Prime District 9, sold a two-bedroom unit for $2.55 million, setting a new psf-price low of $3,077.
In summary, the benefits of investing in a condominium in Singapore are numerous and alluring. This includes a high demand for such properties, potential for significant appreciation in value, and attractive rental yields. However, it is crucial to carefully consider various factors such as the property’s location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking expert advice, investors can make informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor seeking to diversify your portfolio or a foreign buyer looking for a stable and profitable investment, the condominium market in Singapore offers a compelling opportunity. For more information on condominium projects in Singapore, please visit Singapore Projects.