The Botanic on Lloyd sets psf-price record with recent saleThe Botanic on Lloyd, a freehold condo development located along Lloyd Road off Oxley Road in Prime District 9, has set a new psf-price record for the period between Jan 3 and Jan 11. The highest price per square foot (psf) was achieved by a 2,056 sq ft, four-bedroom unit on the second floor, which was sold for $5.13 million, or $2,493 psf, on Jan 7.This new record surpasses the previous high of $2,339 psf by 6.6%, which was established in October last year for a 1,496 sq ft, three-bedroom unit on the fourth floor of the same development.Transactions at The Botanic on Lloyd have been scarce, with an average of one transaction per year over the past decade. Prior to the October 2024 sale, the last unit to change hands at the development was a 3,584 sq ft, four-bedroom unit that fetched $6.88 million ($1,919 psf) in January 2022. This was also the most expensive unit sold at the condo in terms of absolute price.Read also: Three duplex penthouses at Turquoise on the market for $23 milThe Botanic on Lloyd, a boutique development completed in 2006, comprises 60 apartments and six townhouses. The units consist of three- and four-bedroom types that range from 1,485 sq ft to 3,584 sq ft. The townhouses, which are three storeys high and equipped with five bedrooms and two private parking lots each, range from 4,058 sq ft to 4,446 sq ft in size.Located along Lloyd Road off Oxley Road in District 9, the development is situated in a prime location. It is also freehold, making it an attractive investment option for many buyers.Following closely behind The Botanic on Lloyd, freehold development The Cape achieved the second-highest psf-price among condo projects that hit a new price high during the period in review. A 1,313 sq ft, three-bedroom unit on the 15th floor was sold for $3 million, or $2,284 psf, on Jan 10. This surpasses the previous record of $2,265 psf set by the developer in November 2012. The previous record was set by the sale of a 1,539 sq ft, two-bedroom unit on the 16th floor for $3.49 million.The average price of apartments at The Cape has been on an upward trend in the past year, in line with an increase in transactions. Last year, the condo recorded three resale transactions at an average price of $2,128 psf. In 2023, only one unit was sold, a 646 sq ft, one-bedroom unit that fetched $1.24 million ($1,920 psf).The Cape is a freehold development located along Amber Road in District 15. Completed in 2014, the project consists of one- to three-bedroom units that range from 570 sq ft to 1,539 sq ft in size and are housed in a single residential block.Upcoming freehold condo Tembusu Grand was the only private residential development to record a new psf-price low between Jan 3 and Jan 11. The new price trough was set by the developer with the sale of a 1,399 sq ft, three-bedroom unit on the 20th floor for $3.04 million, or $2,174 psf, on Jan 11. This sets a new record low, surpassing the previous record of $2,193 psf, which was set just two months earlier in November 2024 for a similarly sized 1,399 sq ft, three-bedroom unit on the same floor.Tembusu Grand is a 99-year leasehold development situated on Jalan Tembusu, off Tanjong Katong Road in District 15. The condo offers one- to five-bedroom units in sizes ranging from 527 sq ft to 2,691 sq ft, and has 638 units in total. Since its launch in April 2023, Tembusu Grand has sold 584 units (91.5%) at an average price of $2,444 psf, according to caveats lodged as of Jan 20. The condo is expected to obtain its Temporary Occupation Permit in 2028.Those interested in owning a unit at The Botanic on Lloyd can check out the latest listings available for the development. For those seeking condo properties in District 9, there are several options available on EdgeProp Singapore. Interested parties can also check out listings for upcoming new launch projects and listings for sale in District 9.
When contemplating the investment potential of a Singapore Condo, one must carefully examine its potential rental yield. This crucial metric is determined by dividing the property’s yearly rental income by the purchase price and plays a pivotal role in the investment decision. As with any other investment, the rental yield for a Singapore Condo may vary significantly, depending on factors like location, condition, and demand. Typically, areas with high rental demand, especially those near business hubs or educational institutions, offer more promising rental yields. To gain a well-rounded understanding of a specific Singapore Condo‘s rental potential, thorough market research and seeking guidance from reputable real estate agents are essential. Incorporating these crucial steps into the decision-making process can assist investors in making informed choices when considering investing in a Singapore Condo.
The Botanic on Lloyd, a freehold condo development located along Lloyd Road off Oxley Road in Prime District 9, has achieved the highest psf-price among private non-landed developments, setting a new psf-price record for the period between January 3 and January 11. The new price peak was reached with the sale of a 2,056 sq ft, four-bedroom unit on the second floor for $5.13 million, or $2,493 psf, on January 7.This new record surpasses the previous high of $2,339 psf by 6.6%, which was established in October last year for a 1,496 sq ft, three-bedroom unit on the fourth floor of the same development.Transactions at The Botanic on Lloyd have been scarce, with an average of one transaction per year over the past decade. Prior to the October 2024 sale, the last unit to change hands at the development was a 3,584 sq ft, four-bedroom unit that fetched $6.88 million ($1,919 psf) in January 2022. This was also the most expensive unit sold at the condo in terms of absolute price.Read also: Three duplex penthouses at Turquoise on the market for $23 milThe Botanic on Lloyd, a boutique development completed in 2006, comprises 60 apartments and six townhouses. The units consist of three- and four-bedroom types that range from 1,485 sq ft to 3,584 sq ft. The townhouses, which are three storeys high and equipped with five bedrooms and two private parking lots each, range from 4,058 sq ft to 4,446 sq ft in size.Located along Lloyd Road off Oxley Road in District 9, the development is situated in a prime location. It is also freehold, making it an attractive investment option for many buyers.Following closely behind The Botanic on Lloyd, freehold development The Cape achieved the second-highest psf-price among condo projects that hit a new price high during the period in review. A 1,313 sq ft, three-bedroom unit on the 15th floor was sold for $3 million, or $2,284 psf, on January 10. This surpasses the previous record of $2,265 psf set by the developer in November 2012. The previous record was set by the sale of a 1,539 sq ft, two-bedroom unit on the 16th floor for $3.49 million.The average price of apartments at The Cape has been on an upward trend in the past year, in line with an increase in transactions. Last year, the condo recorded three resale transactions at an average price of $2,128 psf. In 2023, only one unit was sold, a 646 sq ft, one-bedroom unit that fetched $1.24 million ($1,920 psf).The Cape is a freehold development located along Amber Road in District 15. Completed in 2014, the project consists of one- to three-bedroom units that range from 570 sq ft to 1,539 sq ft in size and are housed in a single residential block.Upcoming freehold condo Tembusu Grand was the only private residential development to record a new psf-price low between Jan 3 and Jan 11. The new price trough was set by the developer with the sale of a 1,399 sq ft, three-bedroom unit on the 20th floor for $3.04 million, or $2,174 psf, on Jan 11. This sets a new record low, surpassing the previous record of $2,193 psf, which was set just two months earlier in November 2024 for a similarly sized 1,399 sq ft, three-bedroom unit on the same floor.Tembusu Grand is a 99-year leasehold development situated on Jalan Tembusu, off Tanjong Katong Road in District 15. The condo offers one- to five-bedroom units in sizes ranging from 527 sq ft to 2,691 sq ft, and has 638 units in total. Since its launch in April 2023, Tembusu Grand has sold 584 units (91.5%) at an average price of $2,444 psf, according to caveats lodged as of Jan 20. The condo is expected to obtain its Temporary Occupation Permit in 2028.Those interested in owning a unit at The Botanic on Lloyd can check out the latest listings available for the development. For those seeking condo properties in District 9, there are several options available on EdgeProp Singapore. Interested parties can also check out listings for upcoming new launch projects and listings for sale in District 9.