Looking for an affordable property? In this article, based on analysis done at PropertyMarketInsights.com, we share with you the five cheapest non-landed residential projects transacted (including new sales, resale and subsales) in September 2012 ranked by price per square foot, based on the URA data of caveats lodged. This list is a quick way for you to identify where the cheapest resale condominium and apartment projects are, so you can spot some bargains. Don’t forget to do your own due diligence before committing to any purchase!
5. Tampines Court, $615 PSF
(All map screenshots are taken from OneMap.sg)
In fifth place, we have Tampines Court with an average resale price of $615 per square foot (PSF), with two units sold in the month. Completed in 1984, the 99 year leasehold condominium is located on 130, Tampines Street 11. Tampines Court offers condominium facilities like a swimming pool and gymnasium and barbeque pit. Simei MRT is only walking distance away with Changi General Hospital and Tampines Park close by. Residents can head to Eastpoint Mall for daily amenities.
4. Chestervale, $613 PSF
Taking fourth place by a slight margin, we have Chestervale with an average resale price of $613 PSF, with one unit sold in the month. Completed in 1997, the 99 year leasehold condominium is located at Bangkit Road with 396 units. Chestervale offers facilities like karaoke, game room, reflexlogy path, landscaped gardens and jogging track. Bangkit LRT station is minutes away. Residents can head to Fajar Shopping Centre for daily amenities.
3. Northoaks, $608 PSF
Taking third place is Northoaks with an average resale price of $608 PSF, with four units sold in the month. Completed in 2001, the 99 year leasehold condominium is located at 20, Woodlands Crescent with 720 units. Chestervale offers facilities like fitness corner, putting green, gymnasium and squash court. Admiralty MRT is the nearest MRT station. Nearby schools include Admiralty Secondary School and Greenwood Primary School. Residents can head to Admiralty Place for daily amenities.
2. Crystal Mansions, $596 PSF
In second place is Crystal Mansions with an average resale price of $596 PSF, with one unit sold in the month. Completed in 1992, the freehold condominium is located at 3, Lorong 6 Geylang. Crystal Mansions is near Kallang MRT station and a few minutes’ drive away from Bugis Junction. Nearby schools include Broadrick Secondary School and Geylang Methodist School. Singapore Badminton Hall and Kallang Riverside Park is nearby as well.
1. Braddell View, $588 PSF
Finally, Braddell View takes first place with an average resale price of $588 PSF, with one unit sold in the month. Completed in 1981, the 99 year leasehold apartment is located at 10 Braddell Hill. Braddell View offer facilities such as swimming pool, tennis court, gymnasium and barbeque pit. Braddell View is near Braddell MRT station, and is also near Bishan Junction 8 where residents can visit for daily amenities. Nearby schools include Raffles Institution and Mary Convent School. Macritchie Reservoir is nearby as well.
As expected, the properties that made it to the top five list are mostly older properties in heartland areas. Till next month!
Want a longer list of cheap resale private property projects? How about a list of the highest yielding properties? You can get this and much more at PropertyMarketInsights.com, a site that helps investors spot opportunities and time their Singapore property purchases. Click here to get your FREE report on Understanding the Property Market Cycle to invest profitably now.