Investing in a condominium in Singapore is increasingly gaining traction among both local and foreign investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. With a real estate market that presents a plethora of possibilities, condominiums stand out as an attractive option due to their convenient location, range of amenities, and potential for high returns. In this article, we will delve into the advantages and factors to consider before investing in a condominium in Singapore. Additionally, we will provide a guide on the necessary steps to take to make a sound investment decision. For more information on the latest condo launches, click here: New Condo Launches.
Gallop Green, a freehold condo situated in Prime District 10, has emerged as the top performer among apartments and condos with a new psf-price high between Sept 8 to Sept 13. The new record was achieved when a 3,272 sq ft, three-bedroom unit was sold for $8.58 million on Sept 10, reflecting a new price peak of $2,622 psf. This surpasses the previous record of $2,431 psf by 7.9%. This psf-price was established in September 2023 when a 3,229 sq ft unit changed hands for $7.85 million.AdvertisementThe new record at Gallop Green was set by the sale of a 3,272 sq ft, three-bedroom unit for $8.58 million on Sept 10. (Photo: EdgeProp Singapore)According to URA caveats, the seller of the unit had purchased it in December 2017 for $5.6 million. This means that the seller made a profit of $2.98 million, translating to a capital gain of 53%.Gallop Green has only seen one unit change hands so far this year. There were two resale transactions recorded last year. In addition to the 3,229 sq ft unit that set the previous psf-price record, another 2,992 sq ft unit was sold for approximately $7.23 million, or $2,414 psf, in July 2023.Recent transactions at Gallop Green tracked by EP Buddy. (Source: URA, EdgeProp Singapore)Completed in 2002, Gallop Green is a freehold condo located along Woollerton Park in Prime District 10. The project comprises four blocks and features 53 residential units ranging from 2,917 sq ft to 5,102 sq ft. Multiple primary schools, such as Nanyang Primary School, Raffles Girls’ Primary School, and New Town Primary School, can be found within a 2km radius of the property.The second spot on the list is taken by The Belvedere, another freehold condo with a new psf-price peak recorded during the same review period. A 1,302 sq ft, three-bedroom unit on the 18th floor was sold for approximately $3.24 million on Sept 11, resulting in a new high of $2,486 psf.AdvertisementMade up of 167 units spread over two residential blocks, The Belvedere occupies second place on the list when its 18th-floor unit transacted for a new price peak of $2,486 psf on Sept 11. (Photo: EdgeProp Singapore)The new record is only 1.4% higher than the previous one of $2,452 psf, which was set earlier this year on May 6 when a 1,259 sq ft, three-bedroom apartment on the 21st floor was sold for approximately $3.09 million.The Belvedere has seen five unit sales so far this year at an average price of $2,341 psf. The lowest psf-price at which a unit was sold was recorded on Sept 6 when a 1,367 sq ft, three-bedroom apartment on the second floor changed hands for $2.9 million, or $2,121 psf.Read also: Bukit Sembawang’s 8@BT is 53% sold on launch weekend at an average price of $2,719 psfRecent transactions at The Belvedere tracked by EP Buddy. (Source: URA, EdgeProp Singapore)Completed in 2007, The Belvedere is a 167-unit development comprising two residential blocks. It offers two-bedroom units ranging from 1,012 sq ft to 1,206 sq ft, three-bedroom units spanning 1,238 sq ft to 1,615 sq ft, as well as seven penthouse units of 2,131 sq ft to 2,949 sq ft. The condo is nestled next to Katong Park and is walking distance from Katong Park MRT Station, which is part of the Thomson-East Coast Line.YGK Garden, a freehold condo, takes the third spot on the list, after a 2,067 sq ft unit on the third floor changed hands for $4.48 million, or $2,168 psf, on Sept 12. The new price sets a record high for the condo.The new record of $2,168 psf is a 4.6% increase from the previous peak of $2,071 psf, which was established in October 2023 when a neighbouring 2,067 sq ft unit on the same floor changed hands for $4.28 million.The 16-unit freehold YGK Garden has seen a new price peak with the sale of a 2,067 sq ft unit on Sept 12. (Photo: Samuel Isaac Chua / EdgeProp Singapore)According to URA caveats, the buyers of the unit had purchased it for about $3.03 million, or $1,464 psf, in March 2017. This results in a gain of approximately $1.46 million for the sellers.Completed in 2008, YGK Garden is a 16-unit freehold condo situated along Belmont Road in Prime District 10. The development is close to the dining and retail options at One Holland Village, as well as the transport options available at Holland Village MRT Station, which is on the Circle Line.Read also: Hoi Hup-Sunway JV submits top bid of $1,004 psf ppr for Tampines St 94 GLS site AdvertisementAdvertisementDuring the review period, no new psf-price lows were recorded. Check out the latest listings for Gallop Green condominium, Condo propertiesAsk BuddyTotal number of units in Ygk GardenCompare price trend of New sale condo vs Resale condoMost unprofitable condo transactions in past 1 yearCompare price trend of HDB vs Condo vs LandedUpcoming new launch projectsTotal number of units in Ygk GardenCompare price trend of New sale condo vs Resale condoMost unprofitable condo transactions in past 1 yearCompare price trend of HDB vs Condo vs LandedUpcoming new launch projects