Nestled on Institution Hill in District 9, Hill House stands out as a boutique condominium development that has captured the attention of the real estate market. Launched in 2022, this exclusive residential project comprises 72 units, each thoughtfully designed to cater to a discerning clientele. The sizes of the units range from a compact 431 square feet to a more spacious 753 square feet, allowing for a variety of living arrangements suitable for different lifestyles.
The anticipated completion date for Hill House is in the third quarter of 2026, and it has already made headlines with its impressive sales figures. Recently, Hill House achieved a significant milestone when a two-bedroom unit measuring 452 square feet sold for an astounding $3,420 per square foot, totaling approximately $1.55 million. This sale not only highlights the development’s premium pricing but also marks a new high in the local real estate market, demonstrating the increasing desirability of properties in this area.
The average price per square foot for units sold since the launch stands at $3,073, indicating robust demand even amidst ongoing construction. Thus far, 43 out of the 72 units have been sold, accounting for 59.7% of the total inventory.
The strategic location of Hill House further enhances its appeal. Situated within a 2-kilometer radius of several reputable primary schools, it is an attractive option for families looking to provide quality education for their children. Additionally, the condominium is well-connected via public transport, with Somerset, Fort Canning, and Great World MRT station in close proximity. This accessibility not only benefits residents but also contributes to the overall marketability of the development.
The sales activity at Hill House has shown resilience in the face of fluctuating market conditions. The average price of units sold this year is reported at $3,105 per square foot, which is slightly lower than the previous year’s average of $3,120 per square foot over 11 transactions. Despite this small dip, the consistent interest from buyers reflects a strong belief in the long-term value of the property and its location.
As the construction progresses towards its completion, the excitement surrounding Hill House is palpable. The boutique nature of the development, combined with its premium pricing and strategic location, positions it as a standout option for potential homeowners and investors alike.
The sale of the high-priced unit underscores the evolving dynamics of the real estate landscape in District 9, while also setting a benchmark for future transactions in the area. With such promising statistics and a growing interest from buyers, Hill House is poised to continue making waves in the competitive condominium market.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condo project set to launch in 2024, offering a range of one to four-bedroom units.
With modern amenities such as a swimming pool, gym, and landscaped gardens, River Green aims to provide a luxurious living experience.
The strategic location near public transportation increases accessibility to major business districts.
Anticipated pricing will be competitive, making it an attractive option in the rising real estate market.
For more details on River Green Floor Plan and project information, don’t miss the opportunity to view the showflat.
View River Green Showflat & Get VVIP Discount.
Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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