Most young couples in Singapore will think of HDB BTO flats as their first home. But is that the only option?
We look at 5 new condos that could be your first dream home without straining your finances. The factors used for consideration were affordability, location, amenities and investment opportunity.
Riverfront Residences (D19)
This 99-years leasehold new development is the site of the former Rio Casa. Located along Sungei Serangoon, you will enjoy unobstructed view of the river and lush greenery.
Comprising 1,472 units of 1 to 5 bedroom (1,451 Residential Units, 21 Strata Terrace House, and 6 Shops) over a sprawling 396,087sqft of land, there is plenty of space for amazing facilities and communal space for the family to enjoy.
It is close to the Hougang MRT Station and Bus-Interchange, and easily accessible via major expressways KPE, PIE and CTE. Food and amenities are also readily available, with Hougang Mall and The Midtown Mall within a few minutes’ walk.
For owners looking at outdoor activities, the Serangoon Park Connector is a popular recreational corridor amongst residents living in the vicinity. An established route to Punggol Park, it joins directly to Sungei Serangoon Park Connector via a footbridge across Sg Pinang.
As at September 2020, 1347 units were sold at an average psf of $1338. It is scheduled to TOP in 2024.
Stirling Residences (D3)
One of the top selling projects of 2019, Stirling Residences is a 99-year leasehold development located in the Alexandra / Commonwealth area.
This new development consists of two 40-storey towers and a 38-storey tower with 1 to 4-bedroom types and 4-bedroom penthouses.
Launched in 2018, it will receive the Temporary Occupation Permit (TOP) in April 2022.
As the development is in the heart of Queenstown which is a mature estate, amenities are easily available. Within walking distance are shopping malls like Anchor Point, Alexandra Central, Queensway Shopping Centre, and Ikea. For hawker food lovers, the well-known Mei Chin Road Market is just across the road.
For families with shool going kids, there are many schools nearby, including Alexandra Primary, Gan Eng Seng Primary, New Town Primary, Queenstown Primary and Queensway Secondary School.
According to URA data, this development is more than 90% sold at an average of $1,995 psf with about 113 units still available.
Parc Clemantis (D5)
Launched in August 2019 by developer Sing Haiyi Group, Parc Clematis is the former Park West condominium. This new development condominium has 1,468 units comprising of 1 to 5 bedrooms plus penthouses.
Within walking distance to the Clementi MRT station, it is also easily aceesible via the Ayer-Rajah Expressway (AYE) and the Pan-Island expressway (PIE). Surrounded by condominiums and the landed houses of Faber Hills Estate, Parc Clematis lies in a private residential area and enjoys seamless connectivity to Clementi MRT Station.
Amenities nearby include Clementi Mall, National University Hospital (NUH) and important educational institutions like the National University of Singapore, Singapore Polytechnic and Ngee Ann Polytechnic. Going into town is easy as The Orchard Road shopping belt is only 8 MRT stations away. The attraction of this area is that the future second Business District of Singapore in Jurong is only one MRT station away.
According to URA data, as at September 2020, there are about 521 units still available, with 947 units sold at an average of $1,641 psf.
OLA Executive Condominium (D18)
Developed by Evia Real Estate and Gamuda (S) Pte Ltd, OLA has a total of 548 residential units, ranging from 2- to 5-bedroom. It was launched in Q1 2020 and has sold 196 units at an average psf of $1192 as at September, according to URA data. The scheduled TOP is in 2023.
Located in Sengkang, this executive condominium is situated along Anchorvale Crescent, within walking distance to Cheng Lim LRT Station and Sengkang MRT Station.
Nearby amenities include shopping malls Waterway Point, Compass One Mall and Rivervale Plaza. It is also within walking distance to the Sengkang Hospital. If you planning to start a family in the near future, prestigious schools such as Nan Chiau Primary School, Compassvale Secondary School and Punggol Secondary School are located nearby.
With about 352 units still available, this is one development worth considering.
As this is an EC by HDB, certain requirements must be met before you can purchase one. For eligibility requirements, please visit : https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/eligibility/executive-condominiums
Parc Esta (D14)
Launched in November 2018 by developer MCL Land, the former Eunosville will be developed into a new development of 1399 units comprising of 1 to 5 bedders.
Located in the Paya Lebar area, Parc Esta is located along Sims Avenue, right across the Eunos MRT station. For residents who drive, the Pan-Island Expressway (PIE), Central Expressway (CTE) and East Coast Parway (ECP) are easily accessible.
At a little more than 200m away, the well-known Geylang Serai Market is a short walk away. Other nearby shopping malls include Katong Mall, OneKM, Joo Chiat Complex and Kembangan Plaza. Schools located nearby are Eunos Primary School and Telok Kurau Secondary School.
So far, this hot-selling project has sold more than 90% at an average of $1,712 psf. With about only 20 units unsold, this is definitely a development worth looking into.
Find more properties of your preference using MOGUL.sg's smart search function. Start searching today.