17 Cheapest Freehold Condos in Singapore Under $1 Million (2023)

17 Cheapest Freehold Condos in Singapore Under $1 Million (2023)
17 Cheapest Freehold Condos in Singapore Under $1 Million (2023)

Ever dream of think of owning a freehold condo or leasehold condo? With private property prices at an all-time high, if you mention the words “freehold condo”, you might suddenly see heads turn in your direction, followed by a muted “wah, condos are getting so pricey.”

According to ​​the Urban Redevelopment Authority (URA) flash estimate for Q4 2022, private residential property prices are still on an upward trend, albeit at a slower pace. While the recent estimated quarter-on-quarter increase was just 0.2%, prices are predicted to have increased by 8.4% year-on-year (YoY); comparatively, for 2021, prices grew 10.6% YoY.

Whether you’re an HDB upgrader on the lookout for a good deal, or someone who is on the hunt for an investment property, we’ve put a list of freehold condos in Singapore under $1 million to help you

Freehold vs Leasehold Condos in Singapore

There are three types of condos in Singapore: freehold, 99-year leasehold and 999-year leasehold. For the last option, it’s usually taken to be as good as freehold because well, 999 years is a really long time. For this article, we’ll just focus on the broad categories of freehold (including 999-year) and leasehold.

1. Leasehold Duration

The most obvious difference between freehold and leasehold condos is that freehold condos can be held in perpetuity while leasehold condos can only be held for as long as the lease is in effect. In short, there’s a countdown timer that’s slowly ticking down for leasehold condos. This countdown timer could greatly affect the property’s market value.

Freehold properties in Singapore are commonly thought of as being yours forever to pass down to generations to come. Consequently, they are perceived to and usually carry a higher market value/rental yield than their leasehold counterparts.

2. Cost of Property

But it’s not all roses for those who own freehold properties. For instance, a freehold condo is likely more expensive than its leasehold counterpart. For a property in a similar location, of a similar size and so on, a freehold condo might be 15% more expensive.

Increasing interest rates and borrowing costs means owning a freehold condo can translate to a substantial financial commitment.

3. Maintenance and Available Facilities

Your freehold condo could also fall victim to age, which means you may need to spend more on maintenance and repairs.

In addition, with more leasehold condos popping up near malls or MRT stations, your ‘ulu’ (remotely located) freehold property’s value might drop thanks to its less-than-stellar location.

4. Rental Yield

Plus, if you’re renting out your property, do your tenants even care about your condo’s freehold status? When searching for a home to live in, it’s likely all they’re looking at is price, location and comfort.

Imagine you paid 15% higher for a freehold condo; that higher price could affect your rental yield.

Freehold Status May Not Be Forever

Additionally, just because the condo is freehold now, doesn’t mean it will remain freehold forever. As we know, Singapore is small and our only constant is change.

Now, with the rapid redevelopment of the island with projects such as the North-South Corridor, new MRT lines like the Thomson-East Coast line and even building more high-rise residential projects for our growing population, your freehold condo might just need to make room for whatever’s coming up.

It might also be subject to en-bloc sales. Sure, you could be compensated for your home, but you’ll need to go through the hassle of finding a new forever home.

Freehold condos, though fewer than leasehold condos, are less of a rare Pokémon than you may think. You just need to know where to look.

Freehold Condos in Singapore for Sale Under $1,000,000

Freehold condo in Singapore under $1 million Location and district
Suites @ Shrewsbury 84 Shrewsbury Road in District 11
Central Imperial 3 Lorong 14 Geylang in District 14
Suites @ Paya Lebar 418 Upper Paya Lebar Road in District 19
Laurel Tree Hillview Terrace in District 23
Park Residences Kovan 831 Upper Serangoon Road in District 19
Eastwood Regency 42 Eastwood Road in District 16
Parc Elegance 17 Telok Kurau Road in District 15
The Interweave 21 Kim Keat Road in District 12
Viva Vista 3 South Buona Vista Road in District 5
The Promenade @ Pelikat 183 Jalan Pelikat in District 19
Guillemard Edge 38 Lorong 30 Geylang in District 14
Loft @ Rangoon 113 Rangoon Road in District 8
The Cristallo 70 Lorong K Telok Kurau in District 15
Airstream St Michael’s Road in District 12
Estella Gardens 29 Flora Road in District 17
Parc Imperial 253C Pasir Panjang Road in District 5
Natura @ Hillview Hillview Terrace in District 23

*The listed information is taken from listings on PropertyGuru and is accurate at the time of writing (9 January 2023). However, due to the nature of property listings, they may be taken down at any time. Do note that this list is by no means exhaustive and listings were chosen at the writer’s discretion.

1. Suites @ Shrewsbury

Completed in 2013, Suites @ Shrewsbury in District 11 has just 15 units and five floors. Its facilities include a swimming pool, jacuzzi and pool deck, as well as a poolside barbeque terrace for chill weekends with friends and family.

It’s also a draw that this freehold boutique condo is close to key areas such as the Orchard Road shopping belt, malls (Novena Square), hospitals (Thomson Medical Centre) and choice schools that include Joseph’s Institution (Junior) and Farrer Park Primary School.

Prices start from $620,000 (370 sq ft) for a one-bedder. A one-bedroom + study configuration is also available.

Browse all Suites @ Shrewsbury units for sale on PropertyGuru.

2. Central Imperial

Completed in 2015, Central Imperial is easily recognised by its exterior facade, a unique lattice/basketweave design. This freehold condo has 63 units over eight storeys with a swimming pool and gym.

Residents here have the luxury of choice when it comes to amenities, especially dining options. They’ll enjoy good food from stalls at the Old Airport Road Food Centre, eateries around the Geylang area, and trendy cafes from the nearby Joo Chiat area.

Aljunied MRT station is just a 10-minute walk away. Mountbatten and Kallang MRT stations are also within a 1km radius, connecting residents to the Circle and East West Lines.

A compact two-bedder unit at Central Imperial starts from $630,000 (420 sq ft).

Browse all Central Imperial units for sale on PropertyGuru.

3. Suites @ Paya Lebar

Suites @ Paya Lebar was completed in 2014 with 99 units over five storeys. Residents enjoy the best of two lovely neighbourhoods: Serangoon and Hougang.

This means that amenities such as NEX mall, Kovan Sports Centre, as well as schools (Paya Lebar Methodist Girls’ School and DPS International School) are within easy reach.

Prices start at $638,000 for a one-bedder unit (366 sq ft) and go up to $1,750,000 for a three-bedder (1,398 sq ft) that can comfortably house a bigger family.

Browse all Suites @ Paya Lebar units for sale on PropertyGuru.

4. Laurel Tree

Recently completed in 2021, Laurel Tree is a sparkling new freehold condo gem in District 23, on Hillview Terrace. With 70 residential units over 10 floors, residents enjoy the green surroundings (parks include Bukit Batok Town Park and Bukit Batok Nature Park) in this tranquil enclave, which is primarily landed housing.

Within the property, there’s a barbeque area, gymnasium room, pool deck, and swimming pool complete with cabanas, gazebo, and communal outdoor area. For those with little ones, primary schools in the area include Keming Primary School, Dazhong Primary School, St Anthony’s Primary School, and Bukit Timah Primary School.

A one-bedder unit at Laurel Tree starts from $655,000 (463 sq ft) and upwards to $902,500 for a more spacious one-bedder (807 sq ft).

Browse all Laurel Tree units for sale on PropertyGuru.

5. Park Residences Kovan

Located in District 19, Park Residences Kovan is a freehold condo that was completed in 2013. It’s just a six-minute walk to Kovan MRT station on the North-East Line, which is right beside Heartland Mall and the bustling Kovan town centre.

Facilities here include a lap pool, jacuzzi, children’s pool, poolside trellis, gymnasium, multi-purpose area, children’s play area, water feature, green area, foot reflexology centre, pavilions, courtyard garden, water steps walkway and palm garden, which makes it ideal for those with little tots.

Snag a one-bedder unit at Park Residences Kovan for $660,000 (355 sq ft).

Browse all Park Residences Kovan units for sale on PropertyGuru.

6. Eastwood Regency

Relax in the idyllic East Coast area (District 16) at Eastwood Regency. Completed in 2013, this freehold condo spans 75 units over five floors. Enjoy a blend of living in nature and city conveniences; Eastwood Regency is also close to key work/study districts such as Changi Business Park and the Singapore University of Technology and Design (good rental yield is a possibility as well).

The condo is also close to Temasek Primary School and Temasek Secondary School. It also faces the verdant Laguna National Golf and Country Club, and residents get to enjoy the picturesque views of the East Coast seaside.

Prices start from $680,000 for a studio (398 sq ft), going up to $777 for a one-bedder (473 sq ft) and upwards to $1,480,000 for a two-bedder (1,173 sq ft).

Browse all Eastwood Regency units for sale on PropertyGuru.

7. Parc Elegance

Completed just a decade ago, Parc Elegance is a 161-unit freehold condo at Telok Kurau Road in District 15 that has a barbecue area, function room, playground, swimming pool and gym all within the compound.

Kembangan MRT station on the East West Line is just eight minutes’ walk away, and the many bus services nearby will take residents to the vibrant Katong enclave, East Coast Park, the airport, and Downtown area.

A studio unit in Parc Elegance starts at $680,000 (398 sq ft), and one-bedders are priced from $800,000 (506 sq ft). There’s even a two-bedroom unit currently listed at $978,000 (549 sq ft).

Browse all Parc Elegance units for sale on PropertyGuru.

8. The Interweave

Make yourself at home at The Interweave, a conveniently located freehold condo at Kim Keat Road, in District 12. Completed in 2015, this 21-storey project has a total of 169 units. From here, it’s easy to access various amenities that include the St Michael’s Terminal bus station, Curtin Singapore, Shaw Plaza and Chung Hwa Free Clinic.

The Orchard Road shopping belt is also a quick drive away. For parents, schools in the area include Hong Wen School, Northlight School, Bendemeer Secondary School, Balestier Hill Primary School and the Global Indian International School.

Prices start at $688,888 for a studio unit (388 sq ft) and go slightly above $1 million for a two-bedroom unit.

Browse all The Interweave units for sale on PropertyGuru.

9. Viva Vista

Viva Vista is exactly where you’d expect it to be, in Buona Vista. It was completed in 2014 with 144 total units over a wide, five-storey block. Residents living here can enjoy the best of what Singapore’s West Coast has to offer, such as nature found at Kent Ridge Park, hiking trails and more.

The National University of Singapore and other international schools are also close by, plus for those who simply don’t wanna go too far, Viva Vista is even connected to a shopping centre and is just a 5-minute stroll from Haw Par Villa MRT station.

A unit at Viva Vista costs $699,999 for a one-bedroom apartment (344 sq ft) and slightly above $1 million for a two-bedder (732 sq ft).

Browse all Viva Vista units for sale on PropertyGuru.

10. The Promenade @ Pelikat

The Promenade @ Pelikat is a pretty outstanding mixed development in the Hougang area (District 19). Since its completion in 2016, the commercial side has been filled with interesting businesses, from wellness studios to dining options.

Meanwhile, on the residential side, there are 164 units over three storeys. It’s a win-win situation, as residents need not travel too far (especially if it’s raining heavily or too hot outside) to get their necessities or even for a spot of shopping or wellness hour; while businesses within the building have regulars that are literally neighbours.

To enjoy the convenience the development offers, buy a one-bedroom unit at The Promenade @ Pelikat, starting from $700,000 (452 sq ft).

Browse all The Promenade @ Pelikat units for sale on PropertyGuru.

11. Guillemard Edge

Nestled in Lorong 30 Geylang in District 14, Guillemard Edge is just a stone’s throw away from Aljunied and Dakota MRT stations. It was just completed not too long ago in 2015 and comprises 275 total units over eight storeys.

This freehold condo is well-suited for working singles or couples, as it boasts a SOHO concept (small office/home office), which is great for those with their own businesses or working from the comfort of home.

To relax, unwind at the sky lounge that overlooks the pools, soak your stress away in the jacuzzi, or practice mindfulness when you do some yoga in the yoga room.

Live in this stylish SOHO from $700,000 for a one-bedder (441 sq ft), or $900,000 for a two-bedder (549 sq ft) with your business partner.

Browse all Guillemard Edge units for sale on PropertyGuru.

12. Loft @ Rangoon

Loft @ Rangoon is just a five-minute walk to Farrer Park MRT station, a very convenient boutique property that was completed in 2014 with 27 units spread across five floors.

Despite its proximity to the station, this low-density freehold condo still has a tranquil environment with a rooftop swimming pool, gym and barbecue area.

Residents here will be spoilt for choice as the amenities run the gamut of famous eateries (Ng Ah Sio Bak Kut Teh, Lotus Vegetarian, Swee Choon Tim Sum), shopping (City Square Mall) and schools (Farrer Park Primary School, Northlight School, Hong Wen School, Joseph’s Institution Junior).

A one-bedroom unit costs about $710,000 (409 sq ft) in this District 8 project.

Browse all Loft @ Rangoon units for sale on PropertyGuru.

13. The Cristallo

You may notice that the facade of The Cristallo has ample floor-to-ceiling windows, and the blocks take on a crystalline structure. Well, it’s no coincidence, because “cristallo” is a type of glass that is crystal-clear.

Located at Lorong K Telok Kurau in District 15, this freehold condo has just 74 units across five storeys. Relax in the pristine waters of the condo pool (there’s a swimming pool, reflective pool, as well as pool deck area, indoor/outdoor gym, children’s play area, leisure sitting lawn, pavilion and leisure path). You can also head to East Coast Park for a full day out at the beach, just a 10-minute drive away.

A studio unit at The Cristallo is priced from $730,000 (431 sq ft), while a one-bedder starts from $900,000 (517 sq ft).

Browse all The Cristallo units for sale on PropertyGuru.

14. Airstream

The Airstream, completed in 2014, has a very unique angular layout instead of a boxy square or rectangle. 11 storeys high, this freehold condo has a total of 70 units and is located at St. Michael’s Road, in District 12, just 10 minutes’ walk from Potong Pasir MRT station.

Residents can get their shopping fix at Novena, while their children attend school at institutions such as St. Andrew’s Junior School, Bendemeer Primary School and St. Joseph’s Institution Junior (all within a 1km radius).

Prices start at $799,999 for a one-bedder (506 sq ft) and up to $950,000 for a two-bedroom unit (624 sq ft).

Browse all Airstream units for sale on PropertyGuru.

15. Estella Gardens

Completed in 1999, Estella Gardens at Flora Road (District 17) comprises 350 units over eight storeys. The freehold development boasts a swimming pool, a wading pool and gym.

While it’s a 19-minute walk from the nearest MRT station (Tampines East on the Downtown Line), there are plenty of bus services nearby. Close by are also schools that include East Spring Secondary School, White Sands School and Kinderland Preschool, as well as a plethora of supermarkets and eateries.

Get a one-bedroom unit from $735,000 (a spacious 657 sq ft).

Browse all Estella Gardens units for sale on PropertyGuru.

16. Parc Imperial

Parc Imperial is located along Pasir Panjang Road, in District 5, on the west side of Singapore. The freehold condo was completed in 2010 and houses 138 units over five floors. Residents go home to a relaxing swimming pool and jacuzzi on the gorgeous grounds; there’s also a playground to keep the kids occupied.

For those who want to build muscles, there’s a well-maintained gym and barbecue area for those protein-laden feasts. Walking to keep fit is also easy, as the nearest MRT station is Haw Par Villa, just four minutes away by foot.

Prices for Parc Imperial start at $750,000 for a one-bedroom unit (398 sq ft).

Browse all Parc Imperial units for sale on PropertyGuru.

17. Natura @ Hillview

Some of the one-bedroom units at Natura @ Hillview are penthouses, with a spiral staircase and outdoor roof area that’s perfect for stargazing or an outdoor barbecue.

The project was completed in 2016 with 10 storeys and a total of 193 units. Natura @ Hillview is located at Hillview Terrace in District 23 on the west side of Singapore. Nearby schools include Keming Primary School, Lianhua Primary School and Hillgrove Secondary School.

Units here are an affordable $699,000 for a one-bedroom unit (452 sq ft), and there’s even a one-bedroom penthouse (904 sq ft) going at $990,000.

Browse all Natura @ Hillview units for sale on PropertyGuru.

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