Time really flies. It has been a year since we posted our 10 cheapest condos in Singapore article and we thought that this would be a good time to revisit and see what has changed in 2019. This year has undoubtedly been the year of new launches in Singapore, and it is interesting to see what new condos have usurped the title for the cheapest condos in Singapore 2019.
As everyone knows, Singapore has a limited land supply and most people (including us) were taken by surprise when the Urban Redevelopment Authority (URA) took a bold step to limit shoebox homes so as to provide a more liveable environment for residents. The number of dwelling units for all new units was previously derived by dividing the Gross Floor Area by 70 sqm will now be revised to 85 sqm. In certain areas like Marine Parade, Joo Chiat-Mountbatten, Telok Kurau-Jalan Eunos, Balestier, Stevens-Chancery, Pasir Panjang, Kovan-How Sun, Shelford and Loyang there are even higher requirements, as this number will be bumped to 100 sqm.
Since this move directly impacts shoebox units, would it have any bearing on the cheapest condos in Singapore in 2019? Here are the top 10!
Top 10 Cheapest Condos in Singapore 2019
1. The Hillford
The Hillford is a condominium located at Jalan Jurong Kechil in District 21. The Hillford is a bit of an anomaly here, not because its a leasehold apartment but because its lease is only limited to 60 years. When it was first launched, it was first pitched as a “retirement resort” and all 281 units of the Hillford actually sold out on its first day of sales. The biggest reason for its popularity was probably because of its low quantum, as the “anti-shoebox rule” was lifted and there were no restrictions on the number of units that could be built. Which is why it is the cheapest condo sold in 2019 on our list at $467,000 for just 398 square feet of space.
2. Le Regal
Le Regal is a small condominium located at Geylang in District 14 with only 88 units. It is one of the four condos on this list that has the coveted freehold status, which is especially interesting to find on a list such as this. Plus it’s in Geylang, so you are closeby to lots of food and if you are after the nightlife, you could not live any nearer. It is also walking distance to Aljunied MRT which is very convenient. The last unit sold was just under $500k at $495,000 at 366 square feet.
3. Prestige Heights
Prestige Heights is the next freehold condominium on this list. It is located in Balestier in District 12 and it has quite a lot of units, coming in at 154. The Balestier area is also close to lots of food, similar to Le Regal. But unfortunately, it is not really walking distance to any MRT station, with the closest being Novena or Toa Payoh MRT station. The last unit sold was an exact $500,000 with a size of 344 square feet, which is the smallest on this list!
4. High Park Residences
High Park Residences is a leasehold condominium located at Sengkang New Town in District 28. It is a massive development with a total of 1,390 units. There is quite a range of units to choose from, starting from the smallest studio up to bungalows and semi-detached units. Another unique thing about this development is that there are 9 commercial units that will include restaurants and even a childcare centre. The last unit sold was at $500,000 at 388 square feet of space.
5. Peoples Park Complex
This development has the distinction of being the third place to appear in our cheapest condos in Singapore list for the second year running! Most people would have probably seen it as it is a very old but distinct building in Chinatown in District 1. Being in Chinatown lends the place to lots of conveniences as it is right next to the MRT and there is lots of food in the area as well. The cheapest unit here was sold at $510,000 at a size of 463 square feet, which is exactly the same as the year before!
6. Parc Rosewood
Parc Rosewood is a leasehold condominium situated at Woodlands in District 25. It has a total of 689 units and is close to Woodlands MRT and the upcoming Woodlands South MRT station on the Thomson East Coast Line. The last unit sold at $510,000 and is one of the bigger units on this list coming in at 431 square feet.
7. Palm Isles
Palm Isles is a leasehold condominium located at Changi in District 17. It has a total of 429 units with the closest MRT station being Tampines East on the Downtown Line. Palm Isles is part of an enclave of condominiums all located at Flora Road and is one of those places that you probably would need to own a car to get around. The last unit sold at $510,000 with the unit having the biggest space on our list with 5076 square feet of space.
8. Eastwood Regency
Eastwood Regency is a freehold condominium located at Bedok in District 16 with a total of 75 units. It is also the development that is closest to an MRT station with the Sungei Bedok MRT station being literally right outside the place. In addition, it is also an interchange with the Thomson East Coast Line and the Downtown Line. The last unit sold at $520,000 with an area of 409 square feet.
9. The Inflora
The Inflora is a leasehold condominium located at Changi in District 17 and has a total of 396 units. It is actually just directly opposite Palm Isles and only separated by Flora Drive. The last unit sold was at $522,000 with an area of 463 square feet.
10. La Fleur
La Fleur is a freehold condominium located at Geylang in District 14 with a total of only 58 units. Being in Geylang, it is in close proximity to lots of food and is also close to both Aljunied and Dakota MRT which means you can access both the East West Line and the Circle Line. The last unit was sold at $530,000 and has an area of 409 square feet.