Hill House, a boutique condominium in district 18, has reached a new milestone in the luxury real estate market, achieving a record price of $3,420 per square foot with the recent sale of a two-bedroom unit. This sale, which took place on April 20, involved a 452 square foot unit that fetched approximately $1.55 million, surpassing the previous record of $3,402 per square foot set earlier in 2025. Such a significant achievement underscores the growing appeal of this exclusive development.
Launched in 2022, Hill House is situated on Institution Hill and consists of 72 residential units that range in size from 431 square feet to 753 square feet. With an anticipated completion date in the third quarter of 2026, the development has quickly garnered interest among buyers. Since its inception, Hill House has successfully sold 43 units, which accounts for 59.7% of the available inventory. The average selling price across these transactions stands at $3,073 per square foot, showcasing a robust demand for high-end properties in the area.
The strategic location of Hill House adds to its desirability. It is conveniently located within 2 kilometers of several primary schools, making it an attractive choice for families. Additionally, the development is well-connected to public transportation, with nearby MRT stations such as Somerset and Fort Canning facilitating easy access to the rest of the city. This connectivity ensures that residents can enjoy both the tranquility of their boutique living environment and the vibrancy of urban life.
Recent sales activity at Hill House indicates a strong and sustained interest in the property, even amid ongoing construction. In the current year alone, 14 units have been sold, demonstrating that buyers are undeterred by the development’s status. This trend suggests that prospective residents are confident in the value and potential of Hill House, which may further enhance its market appeal as completion draws nearer.
The luxury real estate market has shown resilience, and Hill House’s record-breaking sale is a testament to that strength. The rise in prices is reflective of broader trends in the market, where properties in desirable locations are increasingly commanding premium prices. As buyers seek high-quality living spaces that combine luxury with convenience, Hill House stands out as a prime option.
As it continues to attract attention, Hill House’s achievements may set a precedent for future developments in the area. The combination of its boutique nature, strategic location, and record-setting sales positions Hill House as a key player in the luxury condominium market in Singapore. With the completion date on the horizon, the anticipation surrounding this development is expected to grow, further driving interest in the remaining units available for sale.
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News Source: Edgeprop
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