Looking for an affordable property? In this article, based on analysis done at PropertyMarketInsights.com, we share with you the five cheapest non-landed new sale properties sold by developers in Singapore in the month of December 2012 on a per square foot basis, based on URA data.
This list is a quick way for you to identify where the cheapest new projects are. By looking at the location, number of units sold and prices, you can and potentially spot interesting opportunities in projects that are nearby that could be selling at a significant discount, or identify new projects that are priced at a bargain. Don’t forget to do your own due diligence before committing to any purchase!
5. Heron Bay, $738 PSF
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(All map screenshots are taken from OneMap.sg)
Heron Bay is at fifth place with $738 PSF, with 11 units sold in December. The 99 year leasehold condominium is expected to be completed by 2016 with 394 units. Some of Heron Bay’s feature highlights include a discovery trail, water edge viewing deck, aquatic adventure corner, eco trellis, rainforest skylight, hydro spa pool and sensory trail. Heron Bay is located at Upper Serangoon View near Hougang MRT and Khatib MRT. Nearby schools include Serangoon Secondary School and Rivervale Primary School. Residents can visit nearby Sheng Siong, Cold Storage, NTUC Fairprice supermarkets or Hougang Plaza, Hougang Mall and Compass Point for daily amenities.
4. The Topiary, $737 PSF
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The Topiary takes fourth place with $737 PSF and a total of 288 units sold in December. The 99 year leasehold executive condominium is expected to be completed by 2016 with 700 units. The Topiary offers facilities such as swimming pool, BBQ pavilion, tennis court, piano room, games room and hot spring. The Topiary is located at Fernvale Lane, near Fernvale LRT and Buangkok MRT. Nearby schools include Pei Hwa Secondary School and Fernvale Primary School. Residents can go to Fernvale Point and Greenewich Point for daily amenities.
3. Waterbay, $736 PSF
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With a median price of $736 PSF, Waterbay is in third place with 31 units sold this month. The 99 year leasehold condominium is expected to be completed by 2016 with 383 units. Waterbay offers interesting array of facilities like gym, cascading waterfall, reading pavilion, children’s lounge, tea pavilion, sun lounge and the rain shower. Waterbay is located at 45, Edgefield plains, near Cove LRT and Punggol MRT. Nearby schools include Punggol Secondary School and Edgefield Primary School. Residents can go to Compass Point for daily amenities.
2. 1 Canberra, $717 PSF
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In second place is 1 Canberra with a median sales price of $717 PSF, with 19 units sold in the month. The 665-unit Executive Condominium is expected to be completed in 2016. 1 Canberra is located at Canberra Drive. It comes with a variety of pools and facilities like a beach splash pool, wading pool, outdoor aqua gym, reflection pool, water lounges, hydrospa and free form pool. 1 Canberra is just opposite Ahmad Ibrahim Secondary School and Yishun Primary School. 1 Canberra is also close to Yishun MRT and Northpoint Shopping Centre.
1. The Canopy, $709 PSF
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Located at Yishun Avenue 11, The Canopy is the cheapest in December with a median price of $709 PSF and only 1 unit sold in the month. With 406 units the Executive Condominium is expected to be completed in 2014. The Canopy offer facilities like clubhouse, fitness corner, badminton hall, gymnasium room, lap pool and playground. It is a few minutes ride away from Sengkang MRT. Nearby schools include Northb Brook Secondary School and Huamin Primary School. Residents can visit the NTUC Fairprice at Yishun Ring Road for daily amenities.
Looking at the top five cheapest properties sold in December, we can see that most are Executive Condominiums and not in central locations. Till next month!
Want a longer list of cheap new sale projects with more non-EC names? 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.