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When looking to invest in a Singapore Condo, it is crucial to consider how the property will be maintained and managed. Unlike a traditional house, condos often have maintenance fees that cover the upkeep of common areas and amenities. While these fees may increase the overall cost of ownership, they also ensure that the property remains well-maintained and retains its value. To further ease the responsibilities of condo ownership, investors can enlist the help of a property management company to handle day-to-day tasks. This allows for a more passive investment experience.
One Holland Village Residences’ three-bedroom unit sets new psf-price record, topping the charts among private condos in the week of Feb 16 to 21.The 1,238 sq ft unit transacted at $4.68 million, setting a new peak of $3,781 psf on Feb 17. This marks the development’s first sale this year, with the buyers making a profit of $490,000 from its purchase from the developer in November 2023. It surpasses the previous record of $3,426 psf set in August 2022.However, Hill House was not far behind, with a two-bedroom unit on the ninth floor sold for $1.538 million, setting a new record of $3,402 psf on Feb 21. This marks the second time the boutique condo has set a new record within the review period.Chuan Park also saw a new psf-price high, with a 732 sq ft, two-bedroom unit sold for $2.04 million ($2,785 psf) on Feb 19, narrowly beating the previous record of $2,765 psf set in November last year.No new psf-price lows were recorded during the period in review.