The cheapest condo is an understatement or a word that should not be even used for properties in Singapore. Properties are really expensive given that land is a scarcity in Singapore. Moreover, once you throw in a famous architect and a developer, the property price just skyrockets.
Singaporeans always chase for the 5’C’s and condo is one of them. However, a condo in Singapore not necessarily need to cost $1,000,000. As long as you can compromise on the size and location, there are condo that costs approx $500,000 or slightly lesser.
I will list about 5 Cheapest condo in Singapore and give you a brief background of the condominium.
|Condominium Name||Size||Nearest MRT||Approx Pricing|
|The Hillford||398sqft||Beauty World||$490,000|
|Treasures @ G20||420sqft||Aljunied||$500,000|
The Hillford is a 60-year leasehold project that is located in District 11. It has 281 units in the development. It has the majority of the facilities that a condo has except tennis courts. Most importantly, it is the location and price that make this project sparkle! It is only 740m to Beauty World MRT, 790m to Giant supermarket. Even for investment purposes, it is located within 300m to German European School.
This condo is a freehold condo. Nowadays, Singapore property only gets flooded with 99-year lease projects. However, they get the best location, and freehold properties might compromise on the location. Grandview is about 490m away from the MRT. It only has a gymnasium for its condo facility. If you are just looking for connectivity to central Singapore, this project might suit you as expressway is easily accessible.
This is a 99-years lease project. It is about a 6min walk to KOVAN MRT or alternatively, it is a 2 bus stop way to the heartland mall. This location is called RCR (Rest of core region). It is still a bit centrally located and not too far off.
Treasures @ g20
This project is freehold and is a relatively small project. It is a 5min walk to MRT and you have all the upcoming commercial and sports hub. You have the slightly large square footage for the units here and it is city fringe. It will most probably appeal to young professionals.
Parc Rosewood is a 99-year lease project. The units here are definitely more spacious than other projects mentioned. Some are even listed at 431sqft. The only issue is the owners will have to bear with the location. The condo is located in the middle of the woodlands and Marsiling MRT, making it a long drive to any part of Singapore. However, if you travel to Johor quite often for small getaways, then this property will be perfect for you!
conclusion – cheapest condo in Singapore
The cheapest condo that you can find in Singapore usually ranges from about $480,000 upwards. However, you might have to compromise on a few factors. As long as you are ok with location, size of apartment and condo’s tenure, then yes, those cheap condos will be suitable for you! However, before that, how do you sell your hdb for as high a value as possible?