Ultimate List of 56 Cheapest Freehold Condos in Singapore Under 1 Million (2021)

·10-min read

Mention the words “freehold condo” and you might suddenly see heads turn in your direction. With more Singapore residents living in condos, the topic of freehold condos in Singapore is more relevant than ever.

The simple reasons are that freehold properties in Singapore are commonly thought of as 1) being yours forever to pass down to generations to come, and 2) usually carry a higher market value/rental yield than their leasehold counterparts.

Thus, many Singaporean property owners have developed an obsession of sorts when selecting their next home. One of their non-negotiable criteria is that it must be a freehold property.

Whether you’re an HDB upgrader on the lookout for a good deal, or someone who is on the hunt for an investment property, here’s a list of freehold condos in Singapore under $1 million.

Freehold vs Leasehold Condos in Singapore

Technically, there are three types of condos in Singapore: freehold, 99-year leasehold and 999-year leasehold. For the last option, it’s usually taken to be as good as freehold because well, 999 years is a really long time. For this article, we’ll just focus on the broad categories of freehold (including 999-year) and leasehold.

The most obvious difference is that freehold condos can be held in perpetuity while leasehold condos can only be held for as long as the lease is in effect. In short, there’s a countdown timer that’s slowly ticking down for leasehold condos. This countdown timer could greatly affect the property’s market value.

Related article: Freehold vs Leasehold Condos In Singapore - Which Is Better?

But it’s not all roses for those who own freehold properties. In fact, some of these perceived benefits of owning a freehold property could even be common misconceptions.

For instance, a freehold condo is likely more expensive than its leasehold counterpart. For a property in a similar location, of a similar size and so on, a freehold condo might be up to 15% more expensive. We’re talking about 6-figure amounts more expensive here.

If you’re not loaded and need to take a bank loan to pay off the (higher) monthly mortgage, that’s an additional financial commitment for you. Not worth it if all you need is a roof above your own head. (Psst: if you do need help taking a bank loan, do reach out to one of our friendly home finance advisors.)

And just because the condo is freehold now, doesn’t mean it will remain freehold forever. As we know, Singapore is small and our only constant is change.

Now, with the rapid redevelopment of the island with projects such as the North-South Corridor, new MRT lines like the Thomson-East Coast line and even building more high-rise residential projects for our growing population, your freehold condo might just need to make room for whatever’s coming up.

It might also be subject to en-bloc sales. Sure, you could be compensated for your home, but you’ll need to go through the hassle of finding a new forever home.

Your freehold condo could also fall victim to age, which means you may need to spend more on maintenance and repairs. In addition, with more leasehold condos popping up near malls or MRT stations, your ‘ulu’ freehold property’s value might drop thanks to its less than stellar boondocks location.

Plus, do your tenants even care about your condo’s freehold status? They’re just renting after all—all they’re looking at is price, location and comfort. Imagine you paid 15% higher for a freehold condo; that higher price could affect your rental yield.

Freehold Condos in Singapore for Sale Under $1 million

Freehold condos, though fewer than leasehold condos, are less of a rare Pokémon than you may think. You just need to know where to look.

On our PropertyGuru portal alone, there are over 1,160 freehold condo units for sale. We initially wanted to list all the freehold condos in Singapore, but there are hundreds of them and the table would be pages long (i.e. not helpful).

Thus, taking into consideration a common Singaporean concern—budget—we’ve narrowed this down to freehold condos under $1 million.

Ultimate List of Freehold Condos in Singapore for Sale Under $1 Million (from Cheapest to Most Expensive)

Development Name

Average Price

Average Price psf

TOP

District

Treasures @ G19

$ 621,237

$ 1,551

2015

14

Prime Residence

$ 637,529

$ 1,418

2014

14

Cavan Suites

$ 658,431

$ 1,712

2013

8

City Loft

$ 670,475

$ 1,653

2014

8

Le Regal

$ 675,395

$ 2,701

2016

14

Airstream

$ 687,129

$ 1,458

2014

12

Centra Loft

$ 696,884

$ 1,428

2015

14

Suites at Bukit Timah

$ 704,140

$ 4,122

2015

21

The Vue

$ 708,445

$ 1,429

2014

19

#1 Suites (One Suites)

$ 711,799

$ 1,213

2015

14

EiS Residences

$ 714,313

$ 1,388

2013

15

The Interweave

$ 715,263

$ 1,649

2015

12

Suites @ Sims

$ 737,883

$ 1,531

2014

14

Prestige Heights

$ 740,702

$ 1,682

2013

12

Viva Vista

$ 743,043

$ 1,759

2014

5

H Residences

$ 754,507

$ 1,388

2015

15

Cradels

$ 766,006

$ 1,608

2015

12

Suites @ Paya Lebar

$ 784,310

$ 1,455

2014

19

Millage

$ 785,186

$ 2,594

2016

14

Rangoon 88

$ 792,748

$ 1,595

2015

8

Guillemard Edge

$ 793,234

$ 1,462

2015

14

Thomson V Two

$ 821,531

$ 2,051

2012

20

Kembangan Suites

$ 830,591

$ 1,670

2011

14

Studio8

$ 831,048

$ 1,873

2014

14

The Promenade @ Pelikat

$ 833,139

$ 2,434

2016

19

Pavilion Square

$ 834,299

$ 4,470

2016

14

Qube Suites

$ 851,656

$ 1,281

2017

14

Suites @ East Coast

$ 857,147

$ 1,427

2014

15

Vibes @ East Coast

$ 860,942

$ 1,993

2015

15

NottingHill Suites

$ 863,207

$ 1,413

2016

21

Haig 162

$ 864,437

$ 1,608

2013

15

Parc Imperial

$ 869,704

$ 1,680

2010

5

Treasures @ G6

$ 873,149

$ 995

2017

14

Sycamore Tree

$ 878,195

$ 1,632

2016

15

Jupiter 18

$ 892,615

$ 1,420

2013

15

Vibes @ Upper Serangoon

$ 893,660

$ 1,319

2016

19

RV Edge

$ 895,975

$ 2,059

2015

10

SkySuites 17

$ 904,621

$ 1,762

2015

12

Estella Gardens

$ 908,117

$ 950

1999

17

Suites 28

$ 917,064

$ 1,138

2015

14

Okio

$ 925,983

$ 1,747

2015

12

Casa Cambio

$ 927,733

$ 1,473

2015

19

Guillemard Suites

$ 930,155

$ 1,497

2017

14

The Cristallo

$ 943,820

$ 1,388

2015

15

Natura @ Hillview

$ 947,729

$ 1,297

2016

23

Smart Suites

$ 956,298

$ 1,457

2016

14

The Brooks I & The Brooks II

$ 957,134

$ 1,315

2016

26

The Verve

$ 968,281

$ 1,371

2012

12

Grandlink Square

$ 973,132

$ 2,909

1998

14

Floraville

$ 978,401

$ 1,494

2018

28

#1 Loft

$ 987,943

$ 1,321

2015

14

Neem Tree

$ 988,692

$ 1,912

2020

12

Grandview Suites @ Geylang

$ 994,528

$ 1,440

2015

14

Note: To compile this list, we looked at the freehold condos with 30 or more listings that are for sale on PropertyGuru for under $1 million. The average price is based on asking prices listed on PropertyGuru. Due to the nature of listings, these prices may fluctuate based on the available properties on the portal.

Got a tighter budget? Check out these 21 Cheap Freehold Condos in Singapore Under 600k. What we’ve featured isn’t to your liking? Browse all freehold condominium units for sale on PropertyGuru.

Writer’s Picks: So Many Freehold Condos, Which to Choose?

Out of the 56 freehold condo listings under $1 million in the list above, we’ve picked out a few standout developments that we like*.

*The writer’s picks were chosen at the writer’s discretion, and do not represent PropertyGuru. This is meant as a guide only.

1. Viva Vista

VIVA VISTA
VIVA VISTA

Viva Vista, located at South Buona Vista Road, is just six minutes’ walk from Haw Par Villa MRT station. The 5-storey development is connected to a shopping centre, with Singapore’s southern coast and Kent Ridge Park just a stone’s throw away.

Units are priced from $615,000 for a studio, to $1.388 million for a duplex penthouse with 2 bedrooms and 2 bathrooms.

Browse all Viva Vista units for sale on PropertyGuru.

2. Casa Cambio

Casa Cambio
Casa Cambio

For some reason, this freehold condo’s name has us humming ‘Havana’ by Camila Cabello. You’ll definitely feel like dancing when you score a unit here, for this boutique development, built with modern and urban living in mind, boasts high-quality finishes and even looks like a resort.

Casa Cambio is also really close to Serangoon MRT station (8 minutes’ walk), which makes it rather central and close to many amenities. Prices start at $650,000 for a 1-bedder, and go up to $1.3 million for a ground floor 2-bedder.

Browse all Casa Cambio units for sale on PropertyGuru.

3. The Interweave

The interweave
The interweave

Source: Facebook

Who says freehold condos have to be located in far-flung places? The Interweave happens to be located right on Kim Keat Road, which is super convenient. For a freehold condo below $1 million, it’s a steal compared to newer properties in the area that are private leaseholds or even public housing that just reached MOP.

There are currently 39 units listed for sale, from $620,000 for a studio apartment to $1.15 million for a 2-bedroom unit.

Browse all The Interweave units for sale on PropertyGuru.

4. Neem Tree

neem tree
neem tree

The neem tree, known for its medicinal qualities, can be found in Singapore. The most famous is a heritage tree on St John’s Island. True to its name, residents at Neem Tree freehold condo would find its quiet location healing.

The development also boasts high ceilings, which makes each unit feel more spacious. There’s even a jacuzzi and putting green on the property—truly relaxing facilities. Oh, and Neem Tree is also within walking distance from the many amenities in Balestier.

You can get your hands on a 1-bedder for $750,000 for a 1-bedder, with prices going up to $1.45 million for a home with 3 bedrooms and 2 baths.

Browse all Neem Tree units for sale on PropertyGuru.

5. Guillemard Suites

guillemard Suites
guillemard Suites

Imagine sunbathing on the roof deck after a cooling swim in the pool, as you admire the sunset over the gorgeous Singapore skyline with the Singapore River in the distance...

That’s what you could be experiencing every day at Guillemard Suites, which is just eight minutes’ walk from Mountbatten MRT station (Old Airport Road food centre, anyone?). Expect to pay between $668,000 for a 1-bedroom unit to $1.45 million for a 3-bedder.

Browse all Guillemard Suites units for sale on PropertyGuru.

More FAQs about Freehold Condos in Singapore

Are Executive Condos Freehold?

Executive Condominiums (ECs) are developed and sold by private developers but are subsidised by the government. While they become fully privatised after 10 years, ECs are only 99-year leasehold properties.

Can a Foreigner Buy a Freehold Condo in Singapore?

Yes. Foreign buyers can purchase both freehold and leasehold private condos in Singapore. However, they’ll need to pay the Additional Buyer’s Stamp Duty (ABSD) of 20%.

How Much Does a Freehold Condo Cost in Singapore?

The price really varies, depending on various factors such as size, location and so on. In this article, we’ve selected units below $1 million, and we’ve seen that some of them cost as low as $600,000 (about the price of an HDB resale unit in a mature estate), but those are typically studios or 1-bedders.

Is It Worth Upgrading from an HDB Flat to a Freehold Condo?

It really depends on your priorities and how much money you have to spare. Make sure to do your sums else you could end up paying more than you can afford. Check out our guide here: Guide to Upgrading from An HDB to A Condo or EC That’s Still Under Construction

For more property news, resources and useful content like this article, check out PropertyGuru’s guides section.

Are you looking to buy a new home? Head to PropertyGuru to browse the top properties for sale in Singapore.

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This article was written by Mary Wu, who hopes to share what she's learnt from her home-buying and renovation journey with PropertyGuru readers. When she's not writing, she's usually baking up a storm or checking out a new cafe in town.

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