Investing in a condominium has several advantages, including the opportunity to leverage the property’s value for future investments. A common practice among investors is to use their condos as collateral to secure additional financing for new investments. This allows them to expand their real estate portfolio and potentially increase their returns. However, this strategy also comes with risks, so it is important to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. Additionally, keeping an eye on new condo launches can provide even more opportunities for investment growth.
Hill House, a boutique development in prime District 9, has achieved a new record of $3,267 psf for a 452 sq ft two-bedroom unit on the fifth floor. This sets a record that is slightly higher than the previous high of $3,263 psf in November 2023. Located at the top of Institution Hill, off River Valley Road, Hill House has a total of 72 units, with 40 one-bedroom and one-bedroom plus study units ranging from 431 sq ft to 452 sq ft, 24 two-bedroom units of 624 sq ft, and eight three-bedroom units of 753 sq ft. The development is currently under construction and is set to be completed in 3Q2026. According to URA caveats, 29 units (40%) have been sold at an average price of $3,060 psf since its launch in November 2022.