The Botanic on Lloyd, a freehold condo, has set a new psf-price record for private non-landed developments in the period between Jan 3 and Jan 11. The condo saw a new price peak stemming from the sale of a four-bedroom unit on the second floor for $5.13 million, or $2,493 psf. This exceeded the former high of $2,339 psf by 6.6%, which was established in October last year. Transactions at the 66-unit development have been rare, with only around one sale per year in the past decade. The previous transaction before the October 2024 sale was a four-bedroom unit that was sold for $6.88 million, or $1,919 psf, in January 2022. It was also the priciest unit to change hands at the condo by absolute price. Completed in 2006, The Botanic on Lloyd is a freehold boutique development located in District 9. It consists of 60 apartments and six townhouses, ranging from three- and four-bedroom units sized between 1,485 sq ft and 3,584 sq ft. The three-storey townhouses at the development have five bedrooms and two private parking lots each. A new price record of $2,284 psf was also achieved at The Cape, located in District 15. A three-bedroom unit on the 15th floor sold for $3 million. This surpassed the previous record of $2,265 psf set by the developer’s sale of a two-bedroom unit on the 16th floor for $3.49 million in November 2012. The condo’s average price has trended upwards over the past year, with three resale transactions at an average price of $2,128 psf recorded last year. In 2023, only one unit was sold at $1,920 psf. The Cape is a 76-unit freehold project completed in 2014. The Tembusu Grand, a 99-year leasehold project located on Jalan Tembusu in District 15, recorded the only new psf-price low among private residential developments between Jan 3 and Jan 11. The new price trough was from the developer’s sale of a three-bedroom unit on the 20th floor for $3.04 million, or $2,174 psf, on Jan 11. The previous record low of $2,193 psf was set two months earlier when a similarly sized unit on the same floor was sold for $3.07 million. The Tembusu Grand features one- and two-bedroom units spanning 527 sq ft to 883 sq ft, three- and four-bedroom units spanning 990 sq ft to 1,604 sq ft, and five-bedroom units from 1,711 sq ft to 2,691 sq ft. 584 units were sold at an average price of $2,444 psf as of Jan 20. It is expected to obtain Temporary Occupation Permit in 2028.