The Botanic on Lloyd, a freehold condominium, sets a new price record for the period between Jan 3 and Jan 11, achieving the highest psf-price among private non-landed developments with a sale price of $2,493 psf. The new record was set on Jan 7 with the sale of a 2,056 sq ft, four-bedroom unit for $5.13 million. This surpassed the previous high of $2,339 psf, which was set in October 2024. The Botanic on Lloyd comprises 60 apartments and six townhouses, and its units range from 1,485 sq ft to 3,584 sq ft in size. The development is located along Lloyd Road in Prime District 9.
Financing plays a pivotal role in investing in a condo. In Singapore, there are several mortgage options available, but it’s crucial to understand and adhere to the Total Debt Servicing Ratio (TDSR) framework. This framework limits the loan amount that can be acquired based on the borrower’s income and existing debt obligations. It is essential to be well-informed about the TDSR and seek guidance from financial experts or mortgage brokers to make sound decisions about financing options and avoid overborrowing. Additionally, keeping a close watch on new condo launches can present potential opportunities for investing in a condo.
Another freehold development, The Cape, also achieved a new price peak during the period in review. A 1,313 sq ft, three-bedroom unit on the 15th floor was sold for $3 million, setting a new record of $2,284 psf. The development’s average price has been trending upwards in the past year, reflecting an increase in transactions.
On the other hand, upcoming condominium Tembusu Grand recorded a new price floor of $2,174 psf on Jan 11. This is in line with the condo’s lowest previous record of $2,193 psf, set just two months earlier in November 2024.
The two freehold developments mentioned are located in District 9 and 15, which are highly sought-after prime areas. This suggests that the luxury residential market is still performing well, with buyers willing to pay top prices for quality properties.