Ever wondered how much your property is worth? Or what about the value of the property of that rich aunty you visit every Chinese New Year? In the past, the closest you can get to a valuation would be to scour listing sites like 99.co and SRX to see recent transactions in your neighbourhood as...
Based on the recent MND survey, these are 11 policies the Government is considering to manage the soaring HDB flat prices in prime areas. The number of million-dollar HDB flat transactions was 87 in the first five months of 2021.
The Land Transport Authority (LTA) revealed that the Electric Vehicle Common Charger Grant will help fund the installation cost of 2,000 EV chargers at such homes as an early adoption incentive.
The new CRL station will allow commuters to save 70 minutes of travel time between Ang Mo Kio and Aviation Park, bringing it to just 35 minutes. Travel time from Ang Mo Kio to Pasir Ris will also be reduced to 25 minutes from one hour.
The feedback will be used by URA and other relevant agencies to develop long-term land use plans and strategies to cater to various future possibilities.
HDB Single Scheme or the HDB Single Singapore Citizen Scheme is a way for singles 35 and older to buy their own HDB flat. Read this to decide whether a BTO or resale flat is better for you and learn what grants you can get.
CPF housing grant eligibility will affect which and how much HDB grants you can get for BTO, resale flat and EC buyers. Here is an overview on the 3 types of CPF grants available and their eligibility criteria.
Certain BTO eligibility and resale flat criteria have to be fulfilled to buy an HDB flat in Singapore. For a 4-room, your household income cannot exceed $14,000 (or $21,000 if purchasing with extended or multi-generation family).
Bank loan vs HDB loans, which should you pick? Here are the 5 key differences to consider before making a decision on financing your HDB flat in Singapore. For example, the HDB loan interest rate is 2.6% and unchanged since 1999.
Where to Find the Biggest Resale Condo Units Under 1.5 Million
The COVID-19 pandemic and work-from-home norm have changed our space requirement needs, and the trend of buying larger homes has been apparent across all property segments after the Circuit Breaker.
So if you’re an HDB upgrader looking to buy a spacious, affordable and completed resale condo, this article is for you. Here is a list of the largest resale condo units you can find for $1.5 million and below.
1. Northoaks
Price
$1,400,000
Size
2,271 sq ft
Type
Penthouse
District
25
Tenure
99-year leasehold
Completion year
2001
This penthouse unit at Northoaks spans 2,271 sq ft and is available for only $1,400,000! It features three bedrooms and four bathrooms, including two en-suite bedrooms.
Located in Woodlands, Northoaks is a former executive condo (EC) that has been privatised to a condo. Located at the junction of Woodlands Avenue 7 and Gambas Avenue, the 99-year leasehold development is about 1.1km away from Admiralty MRT station and about a 14-minute drive to Woodlands Checkpoint.
In addition, 688 Eating House is just right across the road, and there are also several supermarkets within close proximity, such as U Stars Supermarket @691 and Sheng Siong Supermarket at Woodlands Rise.
Spanning 2,088 sq ft, this spacious penthouse unit in Euphony Gardens features four bedrooms and three bathrooms. The unit is also located on the top floor and promises privacy and good ventilation.
Euphony Gardens is a low-density condo nestled in a landed enclave in Yishun. It’s within walking distance to several places to eat, including Shani Banana Leaf Delights and Chong Pang Nasi Lemak. Moreover, Chong Pang Food Market is only 1km away.
Aside from that, Sembawang Hot Springs Park is just a 3-minute drive away while Northpoint City is just six minutes away, and so is Yishun MRT station, which is connected to the shopping mall.
This penthouse unit in Summerdale comes with three bedrooms, a yard area, and features unblocked pool views. The condo is within close proximity to several schools in the area, in particular, Boon Lay Garden Primary School and River Valley High School which are within 400m. Jurong Point Mall is 1km away while the condo is also about 1.6km from Boon Lay MRT station and 1.7km from Jurong Lake Gardens.
Additionally, you don’t have to venture very far for food and basic necessities as Boon Lay Hawker Centre, supermarkets, and many provision shops are just minutes away by foot.
Spanning 2,077 sq ft, this 3-bedroom unit at Regentville is for sale for $1.5 million. The 580-unit condo development located right next to Hundred Palms Residences EC. Completed in 2000, the condo is about 21 years old at the time of writing. However, like many older condos, the development and units are spacious.
Furthermore, the development is also a full-facilities condo and comes with facilities such as a swimming pool, tennis courts, basketball court, BBQ pits, sauna, and playground, among others. In addition, Hougang 1 Shopping Mall is right opposite the development.
You can get your hands on this 7-year-old duplex penthouse unit at Seletar Park Residences for $1.5 million, which is roughly the price of a modest condo these days. At 1,992 sq ft, this spacious unit comes fully furnished and has been renovated with a stylish modern contemporary design and features two bathrooms, two bathrooms, as well as a dry and wet kitchen.
Seletar Park Residences is located in a tranquil neighbourhood surrounded by landed properties and is just 77m away from Greenwich V. Seletar Mall is also about a 5-minute drive away.
This 3-bedroom unit in Lakeside Tower comes with gorgeous interiors and it’s one of the rare units that has an unblocked view of Jurong Lake Gardens as well as being away from the MRT track noise.
Aside from having Jurong Lake Gardens right outside your doorstep, the development is also near to shopping malls such as IMM, JEM, Westgate, Taman Jurong Shopping Centre, and Boon Lay Shopping Centre. Being close to town, it’s also within walking distance to amenities, as well as schools like Yuan Ching Secondary School, Lakeside Primary School, and Yuvabharathi International School.
This spacious 3-bedroom penthouse in Eastvale is located on the top floor and spans 1,959 sq ft, which is more than enough room for most families.
Eastvale in Pasir Ris is a privatised EC and one of the rare ex-ECs that is near to an MRT station, being just about 850m away from Pasir Ris MRT. Not only that, but it’s also within walking distance to other amenities; Downtown East Shopping Mall is right across the development, while White Sands Mall, Pasir Ris Hawker Centre, Pasir Ris Sports Centre, and Pasir Ris Bus Interchange are all within 550m. Furthermore, Pasir Ris Beach Park is less than 10 minutes by foot.
Changi Airport is about eight minutes by car and Changi Business Park is about a 12-minute drive.
This Penthouse unit in Parc Rosewood has three bedrooms, a private roof, and jacuzzi. Located along Rosewood Drive, the condo has a resort-like feel partly because it boasts 10 swimming pools and a large number of palm trees. Although the area is quiet and you can expect some privacy, the lack of public transport access may be a concern if you don’t own a vehicle (Woodlands MRT is about 1.5km away).
However, there are a good number of schools in the area, including Singapore Sports School, which is right across the road, Innova Primary School, and Singapore American School. There’s also a FairPrice Finest and several eateries at The Woodgrove, which is about 700m away.
For multi-generational families or those looking for investment opportunities, this dual-key unit in Heron Bay may pique your interest.
The condo itself is close to amenities that are within walking distance, including eateries, shops, and Hougang 1 Mall. There’s also a park connector running along the nearby Serangoon River, and Punggol Park is within walking distance. Schools nearby include Serangoon Secondary School, Holy Innocents’ High School, CHIJ Our Lady of the Nativity, and Punggol Primary School.
It depends. The biggest penthouse unit in Wallich Residence is 21,108 sq ft while the smallest shoebox unit ever sold in Singapore is 258 sq ft. Located in Suites @ Guillemard, the unit is roughly the size of 2.5 car parking lots.
Is It Better to Buy an HDB Flat or a Condo?
Condos have fewer restrictions and come with facilities but are much more expensive. However, in general, condos also appreciate faster. HDB flats, on the other hand, have more buying restrictions, but are much more affordable and larger in size overall.
What Should I Look For in a Resale Condo?
You should ensure that the condo price is well within your means. Aside from that, you should also consider the location, tenure, and whether the surrounding amenities suit your lifestyle needs.
This article was written by Victor Kang, Digital Content Specialist at PropertyGuru. When he's not busy churning out engaging property content* or newsletter copies, he's busy being a lover of all geeky things. Say hi at: victorkang@propertyguru.com.sg