$1.89m For A New Luxury Condo In District 7: A Pricing Review Of Aurea

13 min read

One of Aurea’s heavily marketed selling points is that units start from below $2 million. That’s interesting for a centrally located condo for sure; but those competitive numbers refer to two-bedders or smaller. For family buyers, we think a more comprehensive review of pricing is in order, especially for three-bedder or larger units. 

In this article, we will compare prices between Aurea and similar projects, to see if it’s as competitively priced as advertised. Let’s compare it to equivalent developments in District 7, to see if it’s a value buy:

Indicative prices

Unit type	No. of units	% of unit mix	Approx. unit size (sqft)	Starting prices
2 Bedroom	84	44.70%	635	$1,898,000
			646	$1,898,815
			710	$1,932,390
3 Bedroom	28	14.90%	1,001	$2,831,010
4 Bedroom	56	29.80%	1,442	$4,080,510
			1,798	$5,186,105
5 Bedroom	18	9.60%	2,863	–
			3,251	–
Penthouse	2	1%	5,608	–
			8,816	–

Based on the indicative prices above, the starting $PSF ranges from around $2,722 to $2,989, with the average being approximately $2,856. 

Average $PSF of recent launches (99-year leasehold)

Project	District	No. of units	Lowest $PSF	Highest $PSF	Average $PSF
Chuan Park	19	916	$2,269	$2,765	$2,588
Elta	5	501	$2,200	$2,881	$2,541
Emerald Of Katong	15	846	$2,387	$2,973	$2,638
Norwood Grand	25	348	$1,895	$2,252	$2,080
Parktown Residences	18	1193	$2,146	$2,585	$2,366
The Collective @ One Sophia	9	367	$2,561	$2,917	$2,743
The Orie	12	777	$2,399	$3,064	$2,735
Union Square Residences	1	366	$2,856	$3,752	$3,175

Aurea’s average starting $PSF of $2,856 is notably higher than the average $PSF of other RCR projects like Emerald Of Katong and The Orie. It is also higher than the average $PSF of The Collective @ One Sophia, which is located in the CCR.

However, without the full pricing range for Aurea, it remains to be seen whether its prices will be considered competitive.

Recent project launches have shown $PSF variations ranging from 13.9 to 31.4% between the lowest and highest price points. Using this as a benchmark, we can estimate Aurea’s potential average price at different percentage points based on its average starting $PSF of $2,856. Here’s the potential price matrix.

Unit type	Approx. unit size (sqft)	10%	20%	30%
2 Bedroom	635	$1,994,916	$2,176,272	$2,357,628
	646	$2,029,474	$2,213,971	$2,398,469
	710	$2,230,536	$2,433,312	$2,636,088
3 Bedroom	1,001	$3,144,742	$3,430,627	$3,716,513
4 Bedroom	1,442	$4,530,187	$4,942,022	$5,353,858
	1,798	$5,648,597	$6,162,106	$6,675,614
5 Bedroom	2,863	$8,994,401	$9,812,074	$10,629,746
	3,251	$10,213,342	$11,141,827	$12,070,313
Penthouse	5,608	$17,618,093	$19,219,738	$20,821,382
	8,816	$27,696,346	$30,214,195	$32,732,045

Now, let’s examine some of Aurea’s resale competitors.

Resale Competitors for Aurea

In its immediate vicinity, there are three notable resale projects: City Gate, Concourse Skyline, and Southbank. Below is an overview of these developments.

Project	TOP year	Tenure	No. of units	Average $PSF in 2024	% difference compared to Aurea’s average starting $PSF of $2,856
City Gate	2018	99 years from 2014	311	$2,089	36.72%
Concourse Skyline	2014	99 years from 2008	360	$1,987	43.73%
Southbank	2010	99 years from 2006	197	$1,893	50.87%

Average price by bedroom (includes all sales in 2024)

Project	2-bedroom	3-bedroom
City Gate	$1,898,143	$2,390,000
Concourse Skyline	$2,960,000	–
Southbank	$1,794,114	$2,650,000

Among them, City Gate, being the newest, is likely to be Aurea’s closest competitor. City Gate’s average $PSF is nearly 37% lower than Aurea’s average starting $PSF, a rather sizable difference despite being just 11 years older than Aurea. However, in terms of overall quantum, the starting price of 2-bedders in Aurea is similar to those in City Gate. 

Further down in the Bugis area, several newer resale developments could also serve as key reference points for buyers comparing options. These projects—Midtown Bay, Midtown Modern, The M, and DUO Residences—are also in District 07.

Project	TOP year	Tenure	No. of units	Average $PSF in 2024	% difference compared to Aurea’s average starting $PSF of $2,856
Midtown Modern	2025	99 years from 2019	558	$2,956 (Sub sale tnx done in 2024)	-3.50%
Midtown Bay	2024	99 years from 2018	219	$3,668 (Avg $PSF for current unsold units)	-28.43%
The M	2023	99 years from 2019	522	$2,702 (Resale and sub sale tnx done in 2024)	5.39%
DUO Residences	2017	99 years from 2011	660	$2,175	23.84%

*Blue highlight indicates that Aurea’s pricing is higher, and red indicates that it’s lower than the project it’s being compared against

Average price by bedroom (includes all sales in 2024)

Project	2-bedroom	3-bedroom	4-bedroom
Midtown Modern	$2,400,000	$3,000,000	$5,792,091
Midtown Bay	$2,533,216	–	–
The M	$2,142,578	–	–
DUO Residences	$2,007,143	–	–

Midtown Bay, which still has around 35% of unsold units, has an average asking $PSF of $3,668—about 28% higher than Aurea’s starting price. This pricing gap may potentially encourage Aurea’s developer to test the upper range of its launch prices.

Looking at the overall quantum, based on Aurea’s starting prices, it is comparatively lower than the 4 developments listed above. 

Given the availability of unsold units at Midtown Bay, buyers will likely use it as a benchmark when evaluating Aurea. Additionally, with Midtown Modern being the newest project in the area, resale units from this development could also be a key point of comparison. For this reason, we will conduct a more in-depth pricing analysis between Aurea, City Gate, Midtown Modern, and Midtown Bay below.

But first, let’s examine the performance of other condos that launched at around the same time as these developments. 

Projects that were launched around the same time as City Gate:

	Gains			Losses
Project	Average gains	Average annualised gains (%)	No. of tnx	Average gains	Average % gains	No. of tnx
City Gate	$135,929	1.5	60	-$26,063	-0.35	4
Commonwealth Towers	$206,813	2.65	261	-$14,580	-0.38	5
Highline Residences	$302,273	2.91	87	-$61,633	-1.1	3
LakeVille	$252,387	2.57	144	-$24,191	-0.55	4
Marina One Residences	$132,535	1.65	23	-$193,891	-1.97	27
The Crest	$207,391	1.71	45	-$114,220	-2.9	27

Projects that were launched around the same time as Midtown Modern:

	Gains			Losses
Project	Average gains	Average annualised gains (%)	No. of tnx	Average gains	Average % gains	No. of tnx
Canninghill Piers	$186,583	2.08	12	–
Irwell Hill Residences	$170,800	2.68	5	–
Midwood	$211,814	5.11	26	–
Midtown Modern	$264,928	4.33	6	–
Normanton Park	$270,025	5.46	71	–
Pasir Ris 8	$201,500	5.1	2	–
The Reef at King’s Dock	$211,777	2.94	12	–
Treasure at Tampines	$261,278	5.54	503	-$238,000	-8.6	1

Projects that were launched around the same time as Midtown Bay:

	Gains			Losses
Project	Average gains	Average annualised gains (%)	No. of tnx	Average gains	Average % gains	No. of tnx
Avenue South Residences	$218,814	3.18	75	–
Fourth Avenue Residences	$185,684	2.68	19	-$48,500	-1.7	2
Midtown Bay	$56,000	0.9	1	-$70,000	-2.1	1
One Pearl Bank	$163,361	2.36	18	-$110,000	-2.6	1
Parc Clematis	$360,091	6.29	225	–
The M	$205,698	3.34	14	–

From the above tables, it is evident that the City Gate, Midtown Modern, and Midtown Bay have not performed as well as other developments launched around the same time. 

However, a clear pattern emerges—projects in the OCR (Outside Central Region) and RCR (Rest of Central Region) have generally outperformed those in the CCR (Core Central Region). This trend aligns with the broader market growth rates observed over the past decade.

Year	CCR	YoY	RCR	YoY	OCR	YoY
2014	131.9	–	146.6	–	165.6	–
2015	128.6	-2.50%	140.3	-4.30%	159.4	-3.74%
2016	127	-1.24%	136.4	-2.78%	154	-3.39%
2017	127.8	0.63%	138.9	1.83%	156.1	1.36%
2018	136.4	6.73%	149.2	7.42%	170.7	9.35%
2019	134.1	-1.69%	153.4	2.82%	177.9	4.22%
2020	133.6	-0.37%	160.6	4.69%	183.6	3.20%
2021	138.7	3.82%	186.7	16.25%	199.7	8.77%
2022	145.4	4.83%	204.9	9.75%	218.2	9.26%
2023	148.1	1.86%	211.3	3.12%	248.1	13.70%
2024	154.8	4.52%	223.5	5.77%	257.3	3.71%
Average growth rate	–	1.66%	–	4.46%	–	4.65%

One key reason for this trend is the strong demand from HDB upgraders and owner-occupiers, who form a significant portion of the buyer base in the OCR and RCR. With rising HDB resale prices in recent years, many homeowners have gained stronger purchasing power, allowing them to upgrade to private condominiums. These buyers may be more price-sensitive and prefer developments in the city fringe or suburban areas, where they can get larger units at a lower price per square foot compared to the CCR.

Rental yield is another consideration that has worked in favour of the OCR and RCR developments. These properties typically offer better rental yields than those in the CCR, mainly due to their lower entry prices. Investors looking to generate rental income may be more inclined to purchase properties in the RCR or OCR, where they can achieve higher yields compared to the CCR, where rental returns tend to be compressed due to high purchase prices.

Lastly, market cycles and economic uncertainty have also played a role in shaping these trends. Over the past decade, government cooling measures have had a more significant impact on the CCR, where investment demand is higher. For example, the ABSD rate on foreign buyers has doubled to 60%, and affluent foreign investors make up a significant buyer demographic in the CCR. 

During periods of economic uncertainty, such as the current volatile global economy, buyers also tend to become more cautious, prioritising affordability and practicality over luxury and prestige. This has further fueled demand for RCR and OCR projects, reinforcing their stronger price performance compared to CCR developments.

The key question is whether Aurea will follow the broader trend of RCR properties outperforming CCR properties.

Sub sale and resale price comparison (2024)

Next, we will examine the sub sale and resale prices of these developments in 2024 and compare them against Aurea. We will focus only on similar unit types across the different projects. Given that unit sizes vary, we will use the smallest available unit size for each type, unless there are comparable sizes across developments.

City Gate (Only resale)				% difference in price compared to Aurea at varying percentile range
Unit type	Size (sqft)	Average $PSF	Average price	Starting $PSF of $2,856	10%	20%	30%
2-bedroom
2-bedroom 1-bathroom	560	$2,144	$1,199,781	51.16%	66.27%	81.39%	96.50%
2-bedroom 2-bathroom (Dual key)	710	$2,111	$1,499,697	35.21%	48.73%	62.25%	75.77%
3-bedroom
3-bedroom (Dual key)	904	$1,969	$1,780,330	60.58%	76.64%	92.70%	108.75%

Midtown Modern (Only sub sale)				% difference in price compared to Aurea at varying percentile range
Unit type	Size (sqft)	Average $PSF	Average price	Starting $PSF of $2,856	10%	20%	30%
2-bedroom
2-bedroom 2-bathroom	721	$3,328	$2,400,120	-15.51%	-7.07%	1.38%	9.83%
3-bedroom
3-bedroom	1066	$2,815	$2,999,777	-4.70%	4.83%	14.36%	23.89%

As there has only been one sub sale transaction done for Midtown Bay so far, we have included the new sale transactions from launch till date. 

Midtown Bay (Sub sale and new sale from launch till date)				% difference in price compared to Aurea at varying percentile range
Unit type	Size (sqft)	Average $PSF	Average price	Starting $PSF of $2,856	10%	20%	30%
2-bedroom
2-bedroom 2-bathroom	732	$3,168	$2,319,084	-12.56%	-3.82%	4.93%	13.67%
3-bedroom
3-bedroom	1324	$2,672	$3,538,089	-19.20%	-11.12%	-3.04%	5.04%

While City Gate is the closest project to Aurea in terms of location, it is a decade older, which may impact its price performance. 

Midtown Bay still has unsold units though, making it a more relevant benchmark for comparison; so buyers considering Aurea are likely to assess it against Midtown Bay. 

To provide deeper insights, we will analyse pricing trends and floor plans across various unit types. This will help us assess their relative value and appeal, offering a clearer picture of how Aurea stacks up against its competitors.

2-bedroom

All 2-bedroom units in Aurea come with 2 bedrooms and 2 bathrooms.

Aurea – 646/710 sqft

Midtown Bay – 732 sqft

Aurea offers three different 2-bedroom layouts, two of which are dumbbell layouts (635 and 646 sqft), with the largest being a 710 sqft unit. In contrast, Midtown Bay’s smallest 2-bedroom, 2-bathroom unit is 732 sqft. For this comparison, we’ll focus on the 710 sqft unit at Aurea and the 732 sqft unit at Midtown Bay.

One significant difference is that all of Aurea’s 2-bedroom units lack a balcony. For buyers who prioritise outdoor space, this could be a drawback. However, the absence of a balcony allows for more interior space. At Aurea, the living and dining areas are distinctly separated, which offers a more defined layout. In Midtown Bay, however, the living and dining areas are combined in a more open-plan space. The sizable balcony at Midtown Bay could also serve as an alfresco dining area, effectively freeing up more room inside for the living area, giving it a more spacious feel overall.

Another key difference lies in the kitchens. The layout of Aurea’s kitchen allows it to be enclosed if preferred, though this might make the space feel slightly cramped. However, it benefits from a small window, improving ventilation. On the other hand, while the kitchen at Midtown Bay can also be enclosed, it lacks a window, meaning there is no natural ventilation to alleviate cooking fumes.

Aurea also offers a small foyer area, which provides additional privacy, especially for those who prefer to leave their doors open. However, the small walkway from the foyer to the living/dining area might feel like a wasted space. Midtown Bay, in contrast, has a more efficient layout.

When comparing prices, based on the average starting $PSF of $2,856 for Aurea, its 710 sqft unit would cost almost 13% less than the average price of a 732 sqft unit in Midtown Bay. This price difference translates to a savings of approximately $291,324, which is quite significant. Even if Aurea’s prices were to increase by 10%, it would still be nearly 4% cheaper than the Midtown Bay unit.

3-bedroom

Aurea – 1,001 sqft

Midtown Bay – 1,324 sqft

Both Aurea and Midtown Bay offer a single 3-bedroom layout, but three key differences stand out:

1. The Midtown Bay unit is a duplex, while Aurea’s unit is a single-level apartment.
2. Aurea’s 3-bedroom units do not come with balconies, unlike Midtown Bay, which offers two balconies—one on the lower floor and another on the upper floor.
3. Aurea has two bathrooms, while Midtown Bay offers three—one for each bedroom, adding extra convenience and luxury.

While Midtown Bay’s units are larger, the inclusion of multiple balconies, air-con ledges, and stairs, means that the actual livable space may not be considerably bigger than Aurea. In contrast, Aurea offers a highly efficient layout with minimal wasted space, ensuring that most areas of the unit are well-sized and functional. While the kitchen is slightly compact, it is enclosed, which might be more desirable for those who prefer to separate cooking from the living areas.

Midtown Bay on the other hand features an open-concept kitchen, which faces the dining area, and is quite compact. However, this may not be ideal for homeowners who do a lot of heavy cooking, unless they are comfortable with frequent cleaning. The kitchen area can be enclosed by relocating the dining area to the balcony. One of the major advantages of Midtown Bay, however, is that it has three ensuite bedrooms, offering added convenience, particularly for larger families.

In terms of pricing, based on the average starting $PSF of $2,856 for Aurea, the 3-bedroom unit at Aurea will cost 19% less than the average price of a 3-bedroom unit at Midtown Bay. This price difference amounts to approximately $679,233, which is significant.

Given that Aurea and Midtown Bay are less than a 15-minute walk apart, both are close to MRT stations, and both are surrounded by a wide range of amenities, buyers may find that Aurea offers more value for money.

4-bedroom

As there are no 4-bedders in Midtown Bay, for this unit type, we will compare it against the Midtown Modern 4-bedroom unit.

Aurea – 1,442 sqft

Midtown Modern – 1,442 sqft

These two 4-bedroom units are identical in size at 1,442 sqft and share several similarities:

• Both come with a private lift for enhanced privacy.
• Each has two ensuite bedrooms, two common bedrooms, and one common bathroom.
• Both kitchens include a yard and WC.

However, there are a few key differences:

• While both have a dumbbell layout, Aurea’s design is more efficient, with fewer walkways compared to Midtown Modern.
• Both feature spacious balconies, but Aurea’s extends from the living room to Bedroom 2 and is accessible from both areas. In contrast, Midtown Modern’s balcony is only connected to the living room.
• Aurea’s kitchen is more squarish, potentially making it feel more spacious than Midtown Modern’s, which is long and narrow. Additionally, Midtown Modern has a home shelter in the kitchen, whereas Aurea does not.
• Aurea’s living and dining areas are clearly separated, whereas Midtown Modern combines them into a shared space.

So far, no 4-bedroom units in Midtown Modern have been sold on the resale market. For comparison, we will use the project’s average price of $2,956 PSF, which translates to $4,262,552 for a 1,442 sqft unit. Based on Aurea’s starting price of $2,856 PSF, it will be approximately 3.5% more affordable than Midtown Modern. 

Given Aurea’s more efficient layout and lower price point, it does present a compelling alternative.

Potential buyers

The Bugis/Beach Road area has a relatively old stock of flats with limited supply. As a result, it’s unlikely that HDB upgraders will form a large pool of potential buyers in this area.

To better understand the buyer profiles in District 7, we analysed transactions over the past five years, excluding developments with fewer than five transactions.

Project	Previous Address Before Purchase			Total Transactions	% Of Private Buyers	% Of HDB Upgraders
	Private	HDB	Unknown
Burlington Square	20	9		29	69%	31%
City Gate	42	22		64	66%	34%
Concourse Skyline	73	21		94	78%	22%
Duo Residences	55	18		73	75%	25%
Midtown Bay	61	24	18	103	59%	23%
Midtown Modern	363	89	111	563	64%	16%
South Beach Residences	15	2		17	88%	12%
Southbank	24	19		43	56%	44%
Sunshine Plaza	18	6		24	75%	25%
Textile Centre	19	10		29	66%	34%
The Bencoolen	39	34	1	74	53%	46%
The M	298	144	93	535	56%	27%
The Plaza	23	6		29	79%	21%
Total	1050	404	223	1677	63%	24%

While there are still HDB upgraders in the area, the majority of buyers already own private properties prior to their District 7 purchase.

Next, let’s examine the supply of private properties in District 7. Given that the projects listed above have shown decent turnover rates, we will focus on developments with at least five transactions over the last five years, excluding those with lower turnover.

Project	Tenure	Completion year	Total number of units
Burlington Square	99-years	1998	179
City Gate	99-years	2018	311
Concourse Skyline	99-years	2014	360
Duo Residences	99-years	2017	660
Midtown Bay	99-years	2024	219
Midtown Modern	99-years	2025	558
South Beach Residences	99-years	2016	190
Southbank	99-years	2010	197
Sunshine Plaza	99-years	2001	160
Textile Centre	99-years	1977	132
The Bencoolen	99-years	1998	94
The M	99-years	2023	522
The Plaza	99-years	1979	234
Total	–	–	3816

Project	No. of 1-bedroom units	No. of 2-bedroom units	No. of 3-bedroom units	No. of 4-bedroom units	No. of 5-bedroom units	% of 1 and 2 bedders
Aurea		84	28	56	20	44.68%
Burlington Square	32	110	34	3		79.33%
City Gate	44	216	48	3		83.60%
Concourse Skyline	242	69	16	30	3	86.39%
Duo Residences	367	194	59	34	6	85.00%
Midtown Bay	107	104	8			96.35%
Midtown Modern	168	139	139	111	1	55.02%
South Beach Residences		87	66	37		45.79%
Sunshine Plaza	18	64	78			51.25%
The M	233	272	17			96.74%
Total	1211	1339	493	274	30

*Southbank, Textile Centre, The Bencoolen and The Plaza were not included due to the lack of data on their unit mixes

Number of sub sale and resale transactions over the last 5 years

Project	2020	2021	2022	2023	2024	% of project sold in 2024
Burlington Square	6	6	4	5	8	4.47%
City Gate	4	15	17	9	19	6.11%
Concourse Skyline	10	25	17	19	23	6.39%
Duo Residences	5	16	11	19	22	3.33%
Midtown Bay			1	1		0.00%
Midtown Modern				2	3	0.54%
South Beach Residences	7	6	1	1	2	1.05%
Southbank	6	15	4	6	12	6.09%
Sunshine Plaza	6	7	4	4	3	1.88%
Textile Centre	3	9	6	6	5	3.79%
The Bencoolen	5	5	4	58	2	1.10%
The M				3	10	1.92%
The Plaza	3	10	5	4	7	2.99%
Total	55	114	74	137	116	2.97%

From the tables above, we can observe that despite a decent supply of units in the area, the secondary market transaction volume remains relatively low, at just under 3% last year.

Additionally, there is a higher supply of smaller unit types such as 1- and 2-bedroom units, while larger unit types are notably less common. This low resale transaction volume could suggest a couple of possibilities: either investors are holding on to their units for rental income or in anticipation of a price increase, or homeowners purchasing in the area are opting for smaller units and choosing to live in them rather than reselling.

Could the conservation status of the development affect its pricing?

The conservation status of Aurea could have an impact on its pricing, though its effects may vary depending on several factors. 

The Golden Mile Complex, completed in 1973, was a pioneering modernist building and was conserved in 2021 as part of Singapore’s broader effort to preserve post-independence architecture. Its conservation status sets it apart from many other conserved buildings, which are typically from the colonial era. As the first large-scale strata-titled building to be conserved, Golden Mile Complex holds unique historical and architectural significance, which could positively influence the market’s perception of the development. 

However, this conservation status can be a double-edged sword. On one hand, it can attract buyers who appreciate the building’s heritage and desire to live in a culturally significant project. On the other hand, conservation status means certain restrictions are imposed, such as limitations on redevelopment or modifications to the exterior of the building, which we have seen with its layouts where the 2 and 3-bedroom units do not come with a balcony.

Conservation often enhances the exclusivity of a property, and as more post-independence buildings like Golden Mile Complex are conserved, there may be a growing sense of nostalgia or appreciation for modernist architecture, leading to increased demand down the road, but this is hard to predict. 

While the conservation status of Aurea may in some ways influence its pricing, the ultimate impact will depend on buyer preferences which are very subjective. 

We have previously written a piece discussing whether it is worth paying the price premium for a conservation house, which you can read here. 

Conclusion

Aurea offers a well-balanced unit mix compared to many other developments in the area, which often feature a higher proportion of smaller units like 1- and 2-bedroom apartments. Notably, Aurea does not offer any 1-bedroom units, and its 2-bedroom units account for about 45% of the project, with the remaining units consisting of 3- and 4-bedroom configurations. This mix suggests that the developer aims to target a diverse pool of buyers, including both investors and homeowners.

In general, projects with a higher percentage of investor-owned units tend to experience more price volatility and may not perform as well in terms of long-term value. Investors are often more focused on short-term gains and may be more inclined to sell or flip their properties if better opportunities arise. In contrast, homeowners typically develop a stronger emotional attachment to their properties and are less likely to sell at a loss unless necessary. As a result, developments with a higher proportion of owner-occupiers tend to see more stable price growth. Therefore, Aurea’s relatively balanced unit mix could contribute to its price stability, which could be a positive factor for mid to long-term investment.

Aurea’s average starting $PSF of $2,856 places it above the price point of recent RCR launches, but below the prices of nearby projects like Midtown Modern and Midtown Bay. This competitive pricing could position Aurea as an attractive option for buyers seeking value in a well-located development. Furthermore, according to the Master Plan, the land plots next to and across from Aurea are currently reserved, which means that their intended use has not yet been determined.

Whether these plots are developed into residential or commercial properties, they could have a positive impact on Aurea’s value.

If the sites are developed into residential properties, particularly new condominiums, this could lead to higher prices in the area, supporting Aurea’s pricing. On the other hand, if they are designated for commercial use, it could further enhance the liveability of the surrounding area, which could, in turn, benefit the residential market. While the timeline for these developments remains uncertain, it is important to consider the potential long-term benefits they could bring to Aurea.

Another factor to consider is Aurea’s layout. The absence of balconies in its 2- and 3-bedroom units may deter some buyers, as balconies have increasingly become a desired feature in modern condominium living. While the inclusion of a balcony is a subjective preference, it remains an important consideration for many buyers who view it as essential to their lifestyle.

Ultimately, whether Aurea proves to be a good value buy will depend on how much its $PSF increases above the starting price. 

For more deep dives into new and resale projects in Singapore, follow us on Stacked. If you’d like to get in touch for a more in-depth consultation, you can do so here.