The average size of transacted condos and apartments has shrunk from 1,281 sq ft in 2009 to 1,079 sq ft in 2015. With new four- and five-room HDB flats averaging 969 sq ft and 1,184 sq ft respectively, what are the options available to aspiring upgraders looking for condos of similar size?
The Edge Property has rounded up the most affordable condos and apartments in the 10 largest HDB towns. The units are between 1,000 and 1,200 sq ft in size and completed up to 10 years ago.
Ang Mo Kio
Some buyers may consider The Calrose inaccessible, as it is tucked in a quiet, low-density enclave of Ang Mo Kio. The development is, however, located less than 200m from the upcoming Lentor MRT station of the Thomson-East Coast Line, which is slated to be completed in 2020. It is also a freehold development.
Four units were transacted this year at an average price of $1,100 psf. Of these, only one unit measured between 1,000 and 1,200 sq ft. The rest were larger than 1,200 sq ft. The 1,141 sq ft unit was sold at $1,153 psf, or $1.32 million. The 421-unit project was completed in 2007 and overlooks landed housing in the area.
Condo prices in Bedok averaged $1,271 psf in 2016. At Archipelago, a 99-year leasehold condominium on Bedok Reservoir Road, seven units measuring between 667 and 2,583 sq ft were transacted this year at an average price of $1,135 psf. Only one transaction involved a unit measuring between 1,000 and 1,200 sq ft. The 1,033 sq ft unit changed hands at $958 psf in May. Completed in 2015, Archipelago comprises 553 condos and 24 landed homes. The upcoming Bedok North MRT station, expected to be completed in 2017, will be located about 400m from the project.