Here Is A Guide For The Most Affordable Condos To Buy In Singapore in 2019

If you want to own a cheap private property in Singapore, then you should consider a condo. Condos are some of the most affordable real estate properties in Singapore for young adults, newlywed couples, and retirees. Buying a condo comes with several benefits, such as being in a strategic location, well-maintained infrastructure, as well as enhanced security for the facility. Condos are a popular form of housing in Singapore, and developers keep launching new condos all the time. Sometimes you can be overwhelmed about the choices that are there and how to make select the most affordable option without compromising on the strategic location and amenities.

Price is a major factor to consider when buying the property, and most buyers will always look for some of the affordable options that do not overstretch the budget. Here is a guide to some of the latest and most affordable condos to launch in Singapore.

Riverfront Residences

Located in Hougang Riverfront Residences is a mature and well-established and housing estate in the country by Oxley Holdings. It has courted significant attention since its launch in early July last year. Buying a condo Riverfront Residences is ideal because of the location which offers access to amenities and its proximity to MRT Station. The pricing of condos at Riverfront Residences is competitive relative to its location. The average price per square foot is $1,319.

The Hillford

Located in District 21 at Jalan Jurong Kechil, The Hillford offers affordable condos but on a lease of 60 years. Initially, it pitched as a retirement resort and saw all units sell out on day one. The attractiveness of these leasehold apartments is its low quantum following the lifting of the anti-shoebox rule. It has been the cheapest condo so far this year, selling at $467,000 for 398 sq. ft.

Prestige Heights

Prestige Heights is a freehold condo located in District 12 at Balestier with a huge number of units. It is close to several social amenities, and although it is not close to the MRT station, its proximity to the Toa Payor MRT station is a plus. The last sold unit was for around $500,000 for 344 sq. ft.

Harbour View Garden at Pasir Panjang Road

It is among the few low rise real estate developments in Singapore that that has recently been built. It is a unique freehold condo buy, and it is a development of Roxy Pacific Holdings. The 5-storey complex has some incredible floor layouts, and the most affordable plan is the two-bedroom design. It is a 570 square feet layout costing around $996,000, equivalent to $1,747 per square feet.

The Tapestry

This CDL property is one of the fairly priced properties on Tampines Avenue 10. It has brought an incredible new life in Tampines, and it is an affordable condo project in the country when compared to the rest. Tapestry has eight blocks of 861 units positioned for high-value growth. It is within walking distance to Tampines MRT, and since it a hub of the east, it has several amenities around it, including three huge malls. The layouts are of different designs with a one-bedroom costing $1,453psf and a two-bedroom costing $1,308psf.

Treasure at Tampines

Treasure Tampines is a Siam Lian Group Property formerly called Tampines Court. It is the most famous condominium project in the country this year, and in the six months, it had sold 629 units. Usually compared with The Tapestry but better positioned in terms of location relative to Tapestry. In terms of pricing, the condominiums are relatively similar and are fairly priced. For the last six months, the average PSF for Treasure Tampines has been $1,332.

Le Quest

This Qingjian Realty sits in Bukit Batok in West Avenue 6 and offers incredible quality living in a mature residential estate. It is close to Bukit Batok and Little Guilin Nature Park Areas. There are several amenities in the area, including the Lot One Shopping Mall and Wet Mall Shopping center, ensuring there is proximity to groceries and eateries. The floor plates are cheap and offer different options such as $1,348psf for a Studio, $1,303psf for a one-bedroom, $1284psf for a two-bedroom, and $1,200 for a three-bedroom.

Whistler Grand

This is a City Development Ltd property acquired through the government land sales contract. CDL has developed various condos on the West Coast that have exceptionally done well in the market. The company banked on that to launch Whistler Grand, which also sold around 150 units on the first day at the end of January this year. To date, they have sold around 233 units. Supply in the area is not much, and considering the competitive pricing, they will pick up towards the end of this year, with new launches that are pricey. The average PSF in the last six months has been $1,385.

People’s Park Complex

This is one of the most affordable condos in Singapore for the last two years. It is distinctive and probably one of the oldest buildings in District 1 in Chinatown. The complex is very popular, and considering its location in Chinatown, it offers a lot of conveniences. Proximity to the MRT station is one of the advantages of living here, including access to other amenities and shopping malls. The cost of the units is still the same as last year when it sold at $510,000 for 463 square feet.

The Florence Residences

This 1,410-unit condominium property is also among the most affordable places in Singapore in 2019. This private property is Logan Property’s second after the Stirling Residences in Queenstown. The Florence Residences has seen 411 units sold so far, accounting for around 30% of the total number of units in the condo. The property’s proximity to the Hougang and Kovan MRT stations makes it a perfect place to reside in. It has a leasehold of 99 years with different floor layouts. The average PSF for the property in the last six months is $1,443.

(By Neha Gupta)

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