Singapore is often regarded as one of the most expensive places in the world to live in. As of 2019, it is tied for the number one spot together with Paris and Hong Kong. Property prices here are also the second-highest in the world, only losing out to Hong Kong.
When it comes to buying a condo in Singapore, you don’t always have to put a dent in your finances. Despite the high cost of living, there are still a few condo options that are surprisingly affordable.
In this article, we will cover a list of some of the cheapest condos in Singapore, all of which go at $500,000 and below.
The units featured are small condo units. They’re not ideal for raising a family, but for working adults who are comfortable with a smaller space, the following properties might be worth considering.
Where are the cheapest condo units in Singapore?
1. The Hillford
This apartment at The Hillford, located on 180 Jalan Jurong Kechil, is selling for $470,000. Jalan Jurong Kechil is located close to Clementi, with the closest MRT station being Beauty World MRT.
Residents at The Hillford are just a 12-minute walk away from Beauty World MRT station, which grants them quick access to the Downtown Line.
Access to the Downtown Line means that residents can easily reach CBD areas such as Downtown and Telok Ayer. The condo is also located close to places that are popular among Singaporeans, such as Bugis, Chinatown, and Little India.
Although Tampines Road is the address for the development, Kovan Grandeur is actually located in Kovan, next to the Serangoon River. It just so happens that Tampines Road runs all the way through Serangoon.
Kovan Grandeur is a 12-minute walk away from Kovan MRT station. This makes it ideal for people who have to commute to work via train, and even more so if their workplace is located along the North-east line.
The condo also has access to plenty of amenities that would make its price tag worth it.
Apart from the plethora of food outlets along Upper Serangoon Road, Kovan also has Heartland Mall, a great place to visit if you want to do some light shopping. There are also many restaurants featuring various cuisines, and a Cold Storage on the first floor.
As a bonus, many vendors hold pop-up stores in Heartland Mall, ensuring that there is always something new to see.
Outside Heartland Mall is a massive hawker centre known as 209 Food Centre, where you can find a wide variety of local food. Some of the more popular stores here are Fatt Soon Kueh, Yi Shi Jia Wanton Mee, and Xiang Rui Porridge. The drawback is that most stores here close by 9pm, so a late dinner might be out of the question.
This unit at Treasures @ G20 is located in Lor 20 Geylang, and priced at exactly $500,000.
Aside from Geylang’s hordes of durian sellers, there are plenty of eateries to be found. Many popular stalls have resided here for years, such as 126 Dim Sum Wen Dao Shi and Geylang Lor 9 Fresh Frog Porridge.
The 3 supermarkets in Geylang will also take care of any grocery needs that pop up. Since the supermarkets are Sheng Shiong, Giant, and NTUC Fairprice, you’ll always have a decent mix of unique options to pick from.
Living in Treasures @ G20 also means that residents only need to take a 9-minute walk before reaching Aljunied MRT. The MRT station gives them quick access to City Hall, and from there, the rest of the CBD.
Located at 344 Hougang Avenue 7, Riverfront Residences is a short 15-minute bus ride away from Hougang MRT station.
Going at $498,000, this unit at Riverfront Residences is among one of the cheapest condos in Singapore.
Located at 344 Hougang Avenue 7, Riverfront Residences is a 15-minute bus ride away from Hougang MRT station. Hougang Mall is a 14-minute walk away from Riverfront Residents, and 2 minutes away from Hougang MRT station. This makes it ideal for people who frequently commute via the North-east line.
You can also gain quick access to places such as Clarke Quay and Chinatown, which are both popular haunts for the nights where you want to unwind after work.
If you’re looking at buying a newly launched condo, but are unsure of how to do so, you can check out this link to find out more.
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