Singapore is a bustling city-state with a diverse real estate market that caters to the needs of its population. Among the various housing options, condominiums are popular because of their luxurious amenities, community living and security services.
There are two types of condominiums available in Singapore; leasehold, which typically has 99-year leases and freehold, which offers permanent ownership. The choice between these types depends on long-term investment goals and budget constraints. Freehold condos are usually more desirable due to their perpetual ownership and potential for value appreciation over time.
Here are 8 affordable freehold condominiums in Singapore for you to consider.
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Vibes @ East Coast
A 1-bedroom condo at Vibes @ East Coast is currently for sale at S$800,000. The condo measures 409 sqft with a PSF of S$1,956 and is a freehold property built in 2015. It is situated at 308 Telok Kurau Road in District 15, near Marine Terrace MRT. The unit comes with a gym, swimming pool, and BBQ area, and is marketed as a great opportunity for serious buyers looking to invest or own the property. The condo’s selling points include its proximity to eateries, amenities, Parkway Parade, city access, and the upcoming Marine Terrace MRT station.
Take a look at the price trend chart below:
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Vacanza @ East
This is a listing for a 560 sqft, 1-bedroom condo located at Vacanza @ East. It is available for sale for S$924,000. The mid-floor unit was built in 2014 and offers partial furnishing. It faces north and comes with amenities such as a fun pool, gym, tennis court, and more. The location is convenient as it is within walking distance of Bedok North MRT and close to several schools and parks, making it suitable for investment and personal use. The condo is currently tenanted until 2025, promising a good rental yield.
The price trend chart below might give you a clearer picture:
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8 Bassein
This is a studio condo located at 8 Bassein, currently listed for S$908,000. The property spans 431 sqft and offers a price per square foot of S$2,106.73. It was constructed in 2015 and is a freehold apartment with several amenities such as BBQ areas, a gym, parking, a playground, a pool deck, security, a sky lounge, and a swimming pool. The condo is close to the Novena MRT and the Novena medical hub, making it an attractive option for potential buyers or investors. Additionally, the property features a high ceiling with an upper furniture deck.
Let’s read the price trends for 8 Bassein:
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Jui Residences
The listing is for a freehold, 1-bedroom condo at Jui Residences, spanning 463 sqft and priced at S$850,000. This newly built property, completed in 2022, offers an unblocked view and is located close to the Potong Pasir MRT and within 1km of St. Andrew Junior School. It’s highlighted for its cosy layout, bright and airy space without west sun exposure, and high rental yield potential. Currently, it’s tenanted until January 2024.
Take a look at the chart for the price trends below:
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Cradels
The Cradels condominium has a 1-bedroom apartment available for sale, covering an area of 441 sqft and priced at S$888,000. It boasts a high rental yield of more than 3.5% annually. The apartment is on a high floor, providing an unobstructed view and an east-facing living hall for the morning sun. The property is a freehold development in a culturally rich area, close to Whampoa Park Connector and city centre amenities. The condo has an infinity lap pool, gym, and BBQ area among its facilities. It was built in 2015, offering a blend of convenience and luxury.
Have a look at the Cradels’ price trend chart below:
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Guillemard Edge
The Guillemard Edge condominium unit is a 2-bedroom for sale at S$950,000. The unit measures 549 sqft, priced at S$1,730 per square foot. This freehold property was built in 2015 and has amenities including a swimming pool, Jacuzzi, gym, and BBQ pits. It is conveniently located just a 5 to 8-minute walk away from Dakota or Aljunied MRT stations, providing easy access to Suntec City, the Financial Hub, and the CBD. The unit faces the pool and is ideal for singles or couples looking for space in a vibrant area near Kallang and Geylang.
The Guillemard Edge’s unit’s price trends throughout the year are as follows:
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Oxley Edge
The Oxley Edge condominium, situated at 308 River Valley Road in District 9, is currently available for $S968,000 for a 2-bedroom unit measuring 377 sqft. This freehold property was constructed in 2016 and boasts a tastefully renovated interior, with a high ceiling of 4.2m, a pool view, and a northeast-facing main door. It provides amenities such as a mini gym and a pool, and there are 5 commercial shops located within the building. Its proximity to several MRT stations and amenities makes it an excellent investment opportunity, with a rental yield of approximately 4%.
Take a peek at the price trends of the unit below:
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Trilive
The Trilive condominium listing features a 549 sqft, two-bedroom apartment priced at S$970,000. It is situated at 115 Tampines Road. Additionally, it is a freehold property with a bright and airy atmosphere, an efficient layout, and proximity to amenities such as Heartland Mall and Kovan MRT. The property is highly recommended for its investment potential and suitability for small families. Additionally, it comes with a tenancy that runs until April 2024.
Let’s take a gander at the final price trend chart for the article:
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Conclusion
Our article explores eight affordable freehold condos in Singapore in 2024. These properties offer many options for those interested in investing in permanent property in one of the world’s most dynamic cities. From stylish, modern developments in the heart of the city to serene, spacious options in quieter neighbourhoods, the properties cater to every preference and budget. The value of freehold properties in Singapore is more evident than ever as the city continues to evolve, offering a tangible sense of permanence in an ever-changing landscape.
We understand the importance of keeping up-to-date with the rapidly changing market. Therefore, we commit to updating this list throughout the year to provide our readers with the most accurate and timely information. Whether you’re a first-time homebuyer, a seasoned investor, or somewhere in between, staying informed of the latest developments is vital in making an informed decision. We will continue to navigate the Singapore property market together in 2024 and provide you with updates and insights. Stay tuned!
Disclaimer: This information is intended solely for general informational purposes. 99.co makes no claims or guarantees regarding the accuracy, completeness, or suitability of the information, including, but not limited to, any assertion or assurance regarding its appropriateness for any specific purpose, to the maximum extent allowed by law. Despite all efforts to ensure that the information presented in this article is current, reliable, and comprehensive at the time of publication, it should not be used as the sole basis for making financial, investment, real estate, or legal decisions. Furthermore, this information is not a replacement for professional advice tailored to your unique personal circumstances, and we disclaim any responsibility for decisions made using this information.
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