The Botanic on Lloyd Sets New Record Price of $2,460 psfThe Botanic on Lloyd, a freehold condo, made headlines in Jan 2026 when it achieved the highest psf-price among private non-landed developments. The 66-unit development, completed in 2006, recorded a new psf-price peak of $2,460 after the sale of a 2,056 sq ft four-bedroom unit for $5.13 million.On Jan 7, a 2,056 sq ft, four-bedroom unit located on the second floor of The Botanic on Lloyd was sold for $5.13 million, or $2,493 psf, setting a new record for the highest psf-price achieved by a private non-landed development. The new record price surpassed the previous high of $2,339 psf by 6.6%, which was set in October 2024 when a 1,496 sq ft, three-bedroom unit on the fourth floor was sold for $3.5 million.Despite having only one transaction per year on average over the past decade, the freehold condo has consistently seen high prices. In January 2022, a 3,584 sq ft four-bedroom unit was sold for $6.88 million ($1,919 psf), marking the highest absolute price achieved at the development until the October 2024 sale.Freehold condo The Botanic on Lloyd reaches new price peak of $2,460 psf (Photo: Samuel Isaac Chua / EdgeProp Singapore)Completed in 2006, The Botanic on Lloyd is a boutique development located along Lloyd Road off Oxley Road in Prime District 9. The development consists of 60 apartments and six townhouses, offering a mix of three- and four-bedroom unit types ranging from 1,485 sq ft to 3,584 sq ft. The three-storey townhouses range from 4,058 sq ft to 4,446 sq ft in size and come with five bedrooms and two private parking lots each. The prime location and luxurious offerings of The Botanic on Lloyd make it a highly sought-after development in the district, contributing to its impressive record prices.Read also: Three duplex penthouses at Turquoise on the market for $23 milAdvertisementCompleted in 2014, The Cape is a 76-unit freehold project located along Amber Road in District 15. The boutique development offers one- to three-bedroom units ranging from 570 sq ft to 1,539 sq ft. In November 2012, The Cape set its previous record psf-price of $2,265 when a 1,539 sq ft, two-bedroom unit on the 16th floor was sold for $3.49 million. However, on Jan 10, 2026, the 15th floor saw a new record of $2,284 psf when a 1,313 sq ft, three-bedroom unit was sold for $3 million. This record narrowly surpassed the previous figure by just $19 psf. The sale further cements The Cape’s upscale reputation and marks a new milestone for the development.The Cape saw a new record of $2,284 psf when a 1,313 sq ft, three-bedroom unit sold for $3 million on Jan 10 (Photo: Samuel Isaac Chua / EdgeProp Singapore)The rise in psf-prices at The Cape can be attributed to its premium offerings and location in Prime District 15. Last year, the development recorded three resale transactions at an average price of $2,128 psf. In 2023, there was only one transaction – a 646 sq ft, one-bedroom unit that fetched $1.24 million ($1,920 psf). While the number of transactions may be few, each sale continues to make waves in the property market, reflecting the high demand and value placed on the luxury development.Also in District 15, freehold development Tembusu Grand achieved a new price floor of $2,174 psf on Jan 11. A three-bedroom unit on the 20th floor was sold for $3.04 million, slightly below the previous record of $2,193 psf set in November 2024 by a unit of the same size on the same floor. The sale of this unit comes after a larger unit in the development was sold just two months earlier, setting the previous psf-price record for Tembusu Grand. Despite this, prices at the development have been steadily increasing, with the average price trending upwards in the past year.Tembusu Grand recorded a new price floor of $2,174 psf on Jan 11 (Photo: Samuel Isaac Chua / EdgeProp Singapore)Launched in 2023, the 638-unit Tembusu Grand is located on Jalan Tembusu, off Tanjong Katong Road. The freehold condo offers units ranging from one-bedroom apartments to five-bedroom units spanning 527 sq ft to 2,691 sq ft. Since its launch, 91.5% of the units have been sold, with a total of 584 units sold at an average price of $2,444 psf, based on caveats lodged as of Jan 20. The record low psf-price of $2,174 achieved by a three-bedroom unit on the 20th floor stands in stark contrast to the upscale offering and high demand for homes in the development, demonstrating its consistent appeal and value in the market.
Investing in Singapore condos is a lucrative opportunity, but it’s important to be aware of the government’s property cooling measures. For years, the Singaporean government has implemented various tactics to prevent speculative buying and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which requires foreign buyers and those purchasing multiple properties to pay higher taxes. While these measures may have an impact on the immediate profitability of your condo investment, they also contribute to the long-term stability of the market, creating a safer environment for investment. If you are interested in investing in Singapore condos, consider the impact of these cooling measures and how they may affect your investment. For more information on Singapore condos, visit Singapore Condo.
When it comes to investing in real estate, the location is of utmost importance, and this is particularly true in Singapore. Condos situated in central areas or near vital amenities such as schools, shopping centers, and public transportation hubs have a higher likelihood of increasing in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have a track record of consistent property value growth. For families, the proximity to top-rated schools and educational institutions only adds to the desirability of condos in these areas, making them a smart investment choice. This is why choosing the right location is crucial when looking to invest in condos in Singapore.