Archive for category: Misc

and five-room HDB flats in Bukit Merah thank to the EdgeProp LandLens.

Bukit Merah has gained huge popularity among home buyers and investors due to its central location and incredible range of nearby amenities. The area is expected to attract even more attention after the Remaking our Heartland project, giving buyers hope of owning a property in the district for less than $1 million.

If you’re looking for a place to call home in this popular neighbourhood, EdgeProp Singapore has got you covered. We have checked through various listings for both condo and HDB flats in the area, so you won’t have to search anymore.

The Foresta @ Mount Faber, a freehold development located along Wishart Road in District 4, offers many potential options. The development has reached TOP in 2014 and contains 141 units. Several units are up for grabs with asking prices under $1 million, with the lowest asking price standing at $880,000 for a 430-sq ft unit and the highest one amounting to $990,000 for a 484-sq ft one. Both units are located on the ground floor.

Potential buyers who are working in the CBD will be glad to hear about Spottiswoode 18. This freehold development is situated on Spottiswoode Park Road in District 2 and obtained TOP in 2014. The development consists of 251 units and is close to both Outram Park and Cantonment MRT Stations, providing quick and easy convenience to the East-West, North-East, and Thomson-East Coast Lines. There are several one bedroom units for under $1 million, with the lowest asking price amounting to $930,000 and the highest one achieving $968,000.

The launch of the new Tengah Plantation EC is highly anticipated in Singapore’s property market, offering plenty of amenities and facilities to its future residents. This development is expected to bring growth and development to Tengah Town, providing potential buyers and investors with the opportunity to benefit from the high demand for Singaporean property. Possibilities of capital appreciation and high rental yield are very likely. Interested parties can therefore look forward to investing in this property for good returns in the near future.

The average resale prices for condo units under 500 sq ft in The Foresta @ Mount Faber have dropped 2% since 2016 to $2,021 psf, while the same units in Spottiswoode 18 have risen 20% to $2,426 psf. Freehold condo units under 500 sq ft in Bukit Merah have risen 13% to the current price of $2,322 psf.

For those more budget-minded buyers with families, five-room HDB flats are also available in the area. Around the area of Spottiswoode Park Road there are ten listings of such, with asking prices ranging from $816,000 to $980,000. The units are located close to the future Cantonment MRT Station and the AYE, while the main drawback is their age, as they were completed back in 1979. Close to Telok Blangah Heights, seven similar listings were found with prices between $748,000 and $935,000, with three of them located in 74Telok Blangah Heights. The flats are aged as they were built back in 1978, yet the convenient location compensates for it.

Meanwhile, the average resale prices for five-room HDB flats in Bukit Merah have increased 22% since 2012 to the current average of $724 psf. This is way higher than the average resale price for similar flats in the Central Region and islandwide, which stand at $709 psf and $540 psf, respectively.

Looking for a home in Bukit Merah? Don’t forget to check out the latest listings for The Foresta @ Mount Faber, Spottiswoode 18 properties and five-room HDB flats in the area thanks to the EdgeProp LandLens.