The week of Feb 1 to 7 saw 8M Residences topping the list of private condos to hit a new psf-price peak. The freehold development achieved a new high of $2,384 psf when a two-bedroom unit was sold for $1.54 million on Feb 3, marking the first time a unit at 8M Residences was sold for more than $2,300 psf. The previous peak of $2,261 psf was set in April 2023 when a similar unit was sold for $1.46 million. This record-setting sale surpasses the previous peak and shows consistent growth in resale prices at 8M Residences over the last few years.In fact, based on a 12-month rolling average, the average price of units at the condo has risen 7.3% over the last three years from $2,028 psf in February 2022 to $2,177 in February 2025. Completed in 2017, 8M Residences is a 20-storey residential tower with 68 units. It offers a mix of one- to three-bedroom units ranging from 517 to 1,421 sq ft, as well as four penthouses from 1,184 to 1,841 sq ft.Located within walking distance of amenities like EtonHouse International Research Pre-School, Katong Swimming Complex, and Katong Park MRT Station, 8M Residences offers convenience and comfort to its residents. This is most likely a contributing factor to the consistent rise in resale prices over the years.2nd on the list is Kovan Jewel, a boutique condo along Kovan Road in District 19. A 1,076 sq ft unit was sold on Feb 7 for $2.41 million, setting a new high of $2,236 psf. This beats the previous peak set last August when a similar unit on the fourth floor was sold for $2.4 million ($2,228 psf). Completed last year, Kovan Jewel offers one- to three-bedroom units from 624 to 1,345 sq ft, as well as four-bedroom penthouses from 1,237 to 2,153 sq ft.As of Feb 18, 17 units (50%) have been sold at an average price of $2,111 psf, based on caveats lodged. The most expensive unit was sold in 2022 at $2,111 psf, with the unit transacted on Feb 7 being the first sale of the year.Concluding the top three is Oleanas Residence, a freehold condo along Kim Yam Road in District 9. A 1,141 sq ft unit was sold for $2.52 million on Feb 3, setting a new record of $2,207 psf. The highest transacted price previously was $2,157 psf in August 2022 when a 1,238 sq ft unit was sold for $2.67 million.In terms of absolute price, the most expensive resale unit was sold for $3.3 million ($2,017 psf) in December 2022. Completed in 1999, Oleanas Residence saw four resale transactions in the last three years, ranging from $2.4 million ($2,103 psf) for a three-bedroom unit to $3.3 million ($2,129 psf) for a four-bedroom unit. It is within walking distance of two MRT Stations: Great World MRT Station and Fort Canning MRT Station. Educational institutes nearby include River Valley Primary School and Outram Secondary School.The consistent rise in resale prices at these developments showcases the potential for good returns on investment. With their strategic locations and modern amenities, these condos continue to attract buyers and investors alike.