With more Singapore residents living in condos, the topic of freehold condos is an important one and is definitely a head-turner. Read our article to look at the Freehold Apartment for sale Singapore.
Freehold properties in Singapore are commonly thought of as the perfect investment, with:
- A higher market value/rental yield than their leasehold counterparts.
- Having eternal ownership and passing it down through generations.
Because of this, many Singaporean homeowners have developed an obsession of sorts when it comes to property. One of their non-negotiable criteria is that the next home they purchase must be freehold.
Whether you’re looking to upgrade your home with a new HDB unit or invest in property, continue reading to check out some freehold condos that can be purchased for under $1 million.
Freehold Condos VS Leasehold Condos
There are technically three types of condos in Singapore. They are known to be freehold, 99-year freehold, and 999-year leasehold. For the last option which is the 999-year leasehold, it is just as good as a freehold property because well, it is a long time.
The biggest difference is that freehold condos have an endless lifespan while leaseholders must eventually leave their properties. This means that freeholders can enjoy more value appreciation over time and they do not have to worry about their ‘future’ on these types of purchases. However, it comes with a hefty price tag. It also makes them less affordable for those who need secure real estate investments or just wants something they know will always belong to them.
The Drawbacks of Freehold Properties
Freehold properties have a number of perceived benefits, but it is important to be aware that there can also come some drawbacks.
For example, the freehold condo is likely more expensive than its leasehold counterpart. For a property in a similar location with the same size and conditions for both types of ownership; the number might be up 15% on average – which can lead to millions if we’re talking about six-figure amounts. Additionally, when you need to take out a bank loan in order to pay off your monthly mortgage, that’s an additional financial commitment.
As we know, Singapore is small. The condo you bought was probably freehold, but things are changing. With the rapid redevelopment of this island with projects such as North-South Corridor MRT lines like East Coast Line coming up soon your freehold condo might just need to make room for whatever comes next.
You could be compensated for your home if your property needs to be en bloc, but you’ll need to go through the hassle of finding a new forever home. Besides, the aging process can make your freehold condo less valuable, and it might be at risk for maintenance expenses. Plus with more leasehold properties popping up near shopping malls or MRT stations there’s always the chance that someone else will buy out their lease before you do.
Freehold condos in Singapore for sale (Under $1 Million)
Freehold condos are pretty rare but not as rare as you may think they are. You just have to keep looking,
The condo market in Singapore is flourishing, with new developments offering affordable options for homeowners who want to buy their own place. We’ve narrowed down our search from $1 million dollars or less so you can find a development that fits your budget.
#1 Suites (One Suites)
This is one of the most wallet-friendly developments out there and in a central location to boot.
Location:
Located in the heart of Geylang, just minutes from Aljunied MRT station on East-West Line and close to a wealth of foodie find like Diandin Leluk Thai Restaurant or Penang’s seafood restaurant. The property also has easy access via foot into downtown Singapore as well other shopping hotspots such Leisure park Pavilion square Guillemard village which is all within walking distance (or quick ride by taxi). If you’re looking for school options then there’s Geylang Methodist Primary & Secondary Schools located right around this area too.
Price:
2-bedder unit starting as low as $660,000 (560 sqft), and up to $788,000 for a more spacious home (667 sqft).
M66
Location:
M66 is a short walk from Potong Pasir MRT station on the North-South Line. Even though it is fairly new, M66 has already become an attractive area to live in with its many amenities and schools. The nearby amenities include The Poiz Centre, Shaw Plaza, Aperia Mall, countless eateries, and St Andrew’s Junior and Secondary Schools. The recent developments happening nearby make this place even more desirable for those looking forward to their future here.
Price:
For a compact 2-bedder, the price starts at $699,999 (519 sqft) or you can opt for an expansive 1356 square foot with unblocked views and price accordingly.
Natura @ Hillview
Location:
Natura @ Hillview is a luxurious yet affordable condominium located in the heart of District 23. With its jogging track, reading corner, and more within Natura’s compound; residents can enjoy outdoor fitness amenities including an equipped gym with table tennis lap pool for children- not to mention close proximitys to some excellent educational institutions like Keming Primary School), Iman childcare center & Lianhua Secondary School.
Price:
For a budget of $800,000 or below, you’ll be able to find 2-bedroom units or even a rare 1-bedroom penthouse priced below $1 million.
The Vue
Location:
The Vue at Upper Paya Lebar Road was completed in 2014. It’s within walking distance to many restaurants, shops, and amenities including Tai Seng Turtle Soup as well as the pasta legend Ben Fatto 95 just 6 minutes walk away from Bartley MRT station where you can take trains going both ways for all your shopping needs. With easy access by train too – if this isn’t enough reason alone then know there are several schools nearby such as St Gabriel’s Secondary School, Maris Stella High School or Paya Lebar Methodist Girls’ Primary School.
Price:
$600,000 to $700,000 would net you a 1-bedder, while $730,000 gets you 2 bedrooms.
Siglap V
Location:
Would you like to live on the East Coast of Singapore? Siglap V is a freehold condo just minutes away from the coast and it’s perfect for those who love sandy beaches, cycling weekends by the sea, or barbecues. This part of our country has so much foodie adventure that one can never run out.
Price:
2-bedder from $740,000 (517 sq ft), or splurge on a grand 3-bedder that costs $2.1 million for 1,442 sqft of space.
VA Residences
Location:
VA Residences on Boon Teck Road is a development located in District 12, which is in the Rest of the Central Region. The project has a “good” green score meaning that it’s eco-friendly due to location/sustainable practices or proximity towards public transport (9 minutes walk from Toa Payoh MRT station).
Price:
The 506 sq ft 2-bedroom unit costs $766,888 and up to $930,000 for 624 sq ft. For a 3-bedroom penthouse, expect to spend over $2 million.
Casa Cambio
Location:
Located at Lim Tua Tow Road in District 19, Casa Cambio’s luxurious and exclusive vibes are due to the resort concept that was implemented in this area, as well as how low-density living can provide privacy for residents.
Price:
1-bedroom units start at $768,000 and a 979 sq ft 2-bedroom unit going at $1,280,000.
Millage
Location:
The property in District 14 provides its residents a swimming pool, jacuzzi and gymnasium, and barbeque area. It’s also close to schools like Haig Girls’ School, Singapore Gujarati School as well as Tanjong Katong Secondary, and Tung Ling Bible School ideally located within walking distance if you want your kids’ education provided without having too far away from transport costs on top of it all.
Price:
1-bedder is priced from $699,000 and a 2-bedroom costs about $1.2 million.
La Brisa
Location:
La Brisa is located in Geylang, District 14 just 530m away from Dakota MRT. The location can’t be beaten with all the amenities that it has to offer. You’ll have no problem filling your stomach from some delicious Old Airport Road food center or taking time out for old-school Chinatown shopping. You can also drive along to key attractions at Marina Bay Sands and Gardens by the Bay, Merlion Park, Chinatown, Orchard Road, and more.
Price:
1-bedroom units are priced from $620,000, but you could get a 2-bedder from $780,000. That’s a wallet-friendly 3 bedroom going at $1.3 million for 958 sq ft.
Parc Elegance
Location:
Parc Elegance is along Telok Kurau Road (District 15), with units that offer pool or unblocked views from their balconies and verdant scenery all year round. The hip Joo Chiat area of Singapore can be found just 5 minutes away as well as the idyllic East Coast Park; it’s also close enough for you to get shopping stops at places like Katong Village, Parkway Parade & Bedok Mall Kinex.
Price:
A studio unit is priced from $599,999 and a 1-bedder from $700,000. A 2-bedder could also be an affordable $740,000 or 4-bedroom at $1.9 million.
One Dusun Residences
Location:
One Dusun Residences is a new development that was completed in 2017. Located at Balestier, District 12, close to Thomson Medical Centre, Tan Tock Seng Hospital, Zhongshan Mall, Whampoa Market, Novena Square, and more. The freehold condo offers residents an opportunity for luxury living at its finest with features like swimming pools, jacuzzi, bubble pool, barbeque area, and more.
Price:
A 2-bedder from $820,000 (484 sqft), all the way to $1.7 million (over 900 sq ft).
38 I Suites
Location:
Located in the cool Katong area, this freehold condo is just 790 meters away from Paya Lebar MRT station and served as an interchange node on two of Singapore’s most popular lines: Circle Line & East-West line. With schools like Tanjong Katong Secondary School close by plus shopping centers within walking distance, you’ll never have trouble finding things to do.
Price:
From $750,000 for a 1-bedroom unit, $835,000 for a 2-bedroom unit, and up to $1.35 million for an expansive 2-bedroom unit that has an area of 1,076 sq ft.
The Tier
Location:
The Tier is situated on Pegu Road close to Novena MRT Station (890m) and Toa Payoh MRT station. With many inexpensive restaurants along Balestier Road, you’ll never run out of places for dinner along Balestier Road, as well as the Whampoa Market & Food Centre and the 24-Hour Balestier Market & Food Centre. Shopping malls Balestier Plaza, Shaw Plaza, Zhongshan Park, and Novena Square are also within easy reach.
Price:
A 1-bedroom unit from $750,000 or a 2-bedroom unit from $848,000.
Guillemard Suites
Location:
Guillemard Suites is on this list despite being rather new and in a very accessible location. It is close to downtown Singapore and the enticing east. Easily travel via public transport as Mountbatten MRT Station, Aljunied MRT Station, and Dakota MRT Station are all walkable within 1km.
Price:
It’s an affordable $665,000 for a 1-bedder. Many units go for an auspicious $888,000 for close to 600 sq ft of space.
Trilive
The home’s dual key architecture is great for maintaining privacy while still allowing two families to stay together.
Location:
The development is located along Tampines Road in District 19. It’s also close to Kovan MRT Station and within walking distance of a slew of F&B options (pan-fried soup dumplings from Ding Tele), shopping centers like Heartland Mall, Hougang Mall, NEX), and education options (Xinghua Primary School, Yuying Secondary School, Holy Innocents’ Primary School, and Serangoon Junior College).
Price:
Expect to pay about $890,000 for a 2-bedroom unit, and just above $2 million for a coveted 4-bedder.
WhiteHaven
Location:
Located at 332 Pasir Panjang Road in District 5, WhiteHaven is a sanctuary for those who value privacy and luxury. It’s not only close to Singapore’s west coast but also features an exquisite clubhouse with amenities like wine country views; the perfect place to host your next party or event.
Price:
Studio apartments start from $785,000, and you can find 2-bedders from $900,000. However, a 4-bedroom unit starts from $1.6 million.
Stellar RV
Location:
Located in District 10, Stellar RV on River Valley Road is a rare find for its affordable price and accessibility. The nearest bus stop can be found right outside of development which will make traveling around easier than ever. Meanwhile, it is almost equidistant from Tiong Bahru MRT station and Orchard MRT station, each about 16 minutes walk one way. Not to mention, there will be a new station on the Thomson-East Coast Line coming up later this year. Living at Stellar RV, residents are close to major shopping malls Great World City, Ngee Ann City, Tiong Bahru Plaza, and the famous Orchard Road shopping belt itself.
Price:
A 1-bedroom unit starts at $875,000 for this top-class address; you can even get a 2-bedder from $988,000.
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