HILLS APARTMENT

GOLDHILL AVENUE
RESALE CONDODistrict 11
Mount Pleasant MRT · 11 min walk (844m)CCRFreehold
Total Units
10
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
1,832
16.2% QoQ
Total Sales
3
since 2021-05
Price Range
$5.6M$6.3M
all-time
Unit Size
3,269 sqft
Floors 16
PSF MOVEMENT ALERT — 2022-Q2
Median PSF rose 16.2% quarter-on-quarter (from $1,732 in 2021-Q4 to $2,012 in 2022-Q2). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

HILLS APARTMENT is a 11-minute walk from Mount Pleasant MRT — not exactly doorstep transit on Goldhill Avenue in D11 (Newton/Novena). This boutique 10-unit CCR project. The D11 neighbourhood ranges from AMARYLLIS VILLE ($2,060) to WATTEN HOUSE ($3,264) — the competitive set to watch.

The -100.0% decline over 24 months (0 transactions) is a warning sign in a market where most condos have appreciated. Contrast that with AMARYLLIS VILLE at +8.8%. Freehold tenure eliminates lease decay risk and keeps CPF/financing fully accessible indefinitely — a structural edge over 99-year neighbours.

No rental data available for HILLS APARTMENT, but D11 averages 3.01% gross yield for reference. Nearby SOLEIL @ SINARAN achieves 3.27% yield as a reference point. The compact 10-unit format means limited resale activity — buyers should expect longer holding periods and fewer price discovery points.

Bottom line: HILLS APARTMENT is in a correction. The discount may be opportunity, but validate the cause before buying into weakness — falling prices in a rising market deserve scrutiny. Watch for: just 10 units means thin resale liquidity; negative price momentum; weak MRT access limits tenant and buyer pools.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
WATTEN HOUSE$3,264+1.8%
SANCTUARY@NEWTON$2,691+1.7%
AMARYLLIS VILLE$2,0603.0%+8.8%
PARK INFINIA AT WEE NAM$2,4252.7%+4.3%
SOLEIL @ SINARAN$2,0703.3%+4.4%

PSF Trend

Quarterly
1,751
2021-Q2
1,732
2021-Q4
2,012
2022-Q2

Recent Transactions

Data refreshed monthly · Last transaction: Apr 2022
DatePriceSizePSFFloor
Apr 2022$6,000,0002,982 sqft$2,01201-05
Dec 2021$6,300,0003,638 sqft$1,73201-05
May 2021$5,580,0003,186 sqft$1,75106-10
Showing 3 of 3 transactions

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