Singapore is known as one of the world’s most expensive cities and its property market is no exception. In recent years after the covid period, Singapore’s property market shot up to exorbitant prices, both HDB and condos. However, while the cost of living in Singapore is now more expensive than ever, there are still options for those looking for affordable housing. Condos are a popular housing option in Singapore because they provide the ideal blend of comfort, convenience, and affordability.
Singapore’s cheap condos are intended to fulfil the demands of a diverse spectrum of people, from young professionals and students to seniors and retirees. They range in size from studio apartments to multi-bedroom apartments and have modern amenities including gyms, swimming pools and 24-hour security. Furthermore, many of these condominiums are situated in prime locations, offering homeowners convenient access to public transportation, shopping malls and other amenities.
There are numerous options for affordable condos in Singapore for individuals on a tight budget. Whether you want a modest and plain living environment or a more lavish setting with more conveniences, here are the 15 cheapest condos in Singapore.
Read: How Much Salary To Buy Condo In Singapore
#15 Cheapest Condo in Singapore: The Cotz
For those looking for a freehold condo in the coveted enclave on District 15 (East Coast, Marine Parade), look no further than The Cotz. The Cotz was built in 2012 at 171 Telok Kurau, which is a 20-minute walk from Kembangan MRT station. While it may be slightly further from the MRT station than ideal, The Cotz is served by a number of major bus services that will connect residents easily to key locations in Singapore.
This small development with only 48 luxurious units offers studios from S$628,000 (from S$1,535 psf). Residents also have access to condo facilities such as BBQ pits, a playground, swimming pool, and fitness corner.
#14 Cheapest Condo in Singapore: Riverbay
District 12 (Balestier, Toa Payoh) is a popular choice of residence among Singaporeans due to its mature neighbourhood that is complete with a wide variety of F&B options and other key amenities. Located at 23 Mar Thoma Road, Riverbay condo is a rare find for its 999-year leasehold status and its prime location in the heart of District 12 and within a 15-minute walk to Potong Pasir and Boon Keng MRT stations.
Riverbay condo was built in 2015 with 147 units, most of which have unblocked views of the surrounding neighbourhood. The condo is complemented by a playground, jacuzzi, bbq, sky terrace, wading pool and swimming pool.
It comes to the delight of condo buyers looking for a home in this popular area that a unit at Riverbay condo costs 26% less than the average 1-bedroom unit for sale in District 12. While a 1-bedroom unit at Riverbay condo starts at only S$625,000 (S$1,501 – S$1,701 psf), its rental prices for the same unit starts from $3,800 per month, making it a worthy property investment.
#13 Cheapest Condo in Singapore: The Inflora
Next on the list of cheapest condos in Singapore is the 99-year leasehold condo, The Inflora. Located at 57 Flora Drive in District 17, this full-facilities condo development consists of 396 units as well as a tennis court, BBQ pits, lap pool, lounge, spa pool, cluehouse, jogging track and hammocks.
The Inflora costs 30% less than the average 1-bedrooms for sale in the same area, at just S$625,000 for a 1-bedroom condo and S$950,000 for a 2-bedroom condo ($1,222 – $1,468 psf).
#12 Cheapest Condo in Singapore: Oceanfront Suites
For condo buyers looking for a development that is close to the beach and airport, Oceanfront Suites is an affordable option that fits both requirements. Located at 173 Jalan Loyang Besar, Oceanfront Suites is nestled in the serene District 17 (Changi Airport, Changi Village).
Oceanfront Suites is also a rare 946-year leasehold condo that was built in 2016 with facilities such as BBQ pits, lap pool, swimming pool, fitness corner, pool deck and playground. The 58 units in the development come with either 1, 2 and 3-bedrooms, starting from just S$620,000 (S$1,357 – S$1,794 psf).
#11 Cheapest Condo in Singapore: Pavilion Square
For those who prioritise convenience, Pavilion Square in District 14 is the perfect choice. This freehold mixed-development condo at 345 Geylang Road not only has retail shops located at the ground floor, it is also only a 11-min walk from Aljunied MRT Station on the East-West Line.
Pavilion Square has a total of 42 units, and the ones on the higher floors boast city views, which is a rare find for a condo that is so affordable. Residents can also enjoy the facilities including a swimming pool, gym, pavilion, jacuzzi, pool deck and BBQ pit.
A 1-bedroom unit at Pavilion Square starts from just S$620,000 (S$1,331 – S$1,633 psf).
#10 Cheapest Condo in Singapore: People’s Park Complex
People’s Park Complex is ranked 10th on the list of cheapest condos in Singapore. This comes as a pleasant surprise as the development is in the prime and central District 1 (Boat Quay, Raffles Place, Marina Bay). What’s more, People’s Park Complex is also located right next to Chinatown MRT Station, which is connected to both the North East Line (NEL) and the Downtown Line (DTL).
A downside of buying this development is perhaps its old age, being built in 1970 while being a 99-years leasehold development. That said, it is a great option for those looking for an affordable condo in the heart of the city and cultural enclave.
The unit mix of People’s Park Complex includes studio, 1, 3 and 4-bedders among a total of 291 units. A studio starts from S$618,000, 1-bedroom from S$620,000 and 3-bedroom from S$1,290,000 (S$1,084 – S$1,555 psf). This costs 47% less than the average studio for sale in the same district.
#9 Cheapest Condo in Singapore: Cavan Suites
Cavan Suites is a small freehold condo development in District 8 (Farrer Park, Serangoon), a popular residential neighbourhood that is close to the city centre. Built in 2013, there are only an exclusive 36 units in this development that is just a short 7-minute walk from Lavender MRT Station on the East-West Line.
The price of a studio apartment at Cavan Suites starts from S$611,300, which is 16% less than the average studio for sale in the same neighbourhood. The price of a 1-bedder starts at S$620,000. The psf range at Cavan Suites is S$1,662 – S$1,832.
#8 Cheapest Condo in Singapore: Stratum
Built in 2016 and just 605 metres (or an 8-minute walk) from Elias MRT Station on Cross Island Line (CRL) Punggol Extension, is the 99-year leasehold condo, Stratum. This full-facilities condo development in District 18 (Pasir Ris, Tampines) has a total of 380 residential units, a jogging track, mini golf range, tennis court, steam room, fitness corner, lap pool and yoga corner.
A studio apartment at Stratum starts at S$610,000, while a 2-bedder starts at S$930,000. The psf range of S$1,200 – $1,485 is among the cheapest for condos in Singapore.
#7 Cheapest Condo in Singapore: Edenz Suites
Located at 21 Lorong 28 Geylang in District 14, Edenz Suites is a small freehold condo development that is right smack in the middle of two major MRT Stations. It is an 8-minute walk from Aljunied MRT Station on the East-West Line and a 10-min walk from Dakota MRT station on the Circle Line.
A 1-bedroom apartment at Edenz Suites starts at S$600,000 (S$1,327 – $1,474 psf).
#6 Cheapest Condo in Singapore: Prime Residence
Prime Residence at 41 Lorong 22 Geylang is a freehold condo that was built in 2014. Located in the prime District 14 that is close to the Singapore’s CBD area, consisting of 39 condo apartments, as well as a gym, swimming pool and jacuzzi.
A 1-bedroom unit at Prime Residence goes for sale from S$600,000 (S$1,507 – S$1,955 psf)
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#5 Cheapest Condo in Singapore: Grandview Suites
Coming fifth on the list is Grandview Suites, the freehold condo with 75 units that was built in 2015. Located at 1 Lorong 22 Geylang, Grandview Suites is a quick 6-minutes walk from Aljunied MRT, making it one of the best options for those looking for a freehold condo near MRT.
A 1-bedroom unit at Grandview Suites start from an affordable $600,000 ($989 – $2,498 psf).
Read: Freehold VS Leasehold Condo: Which Is Better?
#4 Cheapest Condo in Singapore: Treasures @ G20
Just a short 13-minute walk from Aljunied MRT station, Treasures @ G20 is a small, freehold condo development located at 35 Lorong 20 Geylang with just 38 units in 1 block. Treasures @ G20 was built in 2015, complete with a swimming pool, pool deck, BBQ pit and gym.
A 1-bedroom unit of 420 sq ft starts from just $600,000 (S$1,429 – S$1,471 psf), making it an ideal choice for condo buyers looking for a cheap freehold condo in Singapore.
#3 Cheapest Condo in Singapore: Royce Residences
Royce Residences at Lorong 6 Geylang is another freehold condo in District 14 that is among the cheapest condos in Singapore. With just an exclusive 40 units in the development, its facilities include a BBQ pit, swimming pool and gym.
Built in 2013, a 1-bedroom apartment at Royce Residences starts from S$598,000 and its psf ranges from S$1,336 – S$1,702, which is 31% cheaper than the average 1-bedroom for sale in the same neighbourhood.
#2 Cheapest Condo in Singapore: Le Regal
Second on the list of cheapest condos in Singapore is Le Regal, located at 340 Geylang Road. Built in 2015, Le Regal is a small freehold development with a total of 88 units. 1-bedroom units start from just S$560,000, while its 2-bedroom units start from S$1,250,000 (S$1,005 – S$1,859 psf). Le Regal costs 35% less than the average 1-bedroom for sale in District 14, which is a steal considering its coveted freehold status.
Le Regal offers residents a good variety of facilities, including BBQ pits, clubhouse, fitness corner, gym, parking, playground, swimming pool and wading pool.
#1 Cheapest Condo in Singapore: The Hillford
The Hillford is currently the cheapest condo in Singapore. The 60-year leasehold condo development was built in 2017 and is located at Jalan Jurong Kechil in District 21 (Bukit Timah, Jurong). The Hillford also has full-fledged condo amenities, such as a tennis court, steam room, swimming pool, gym and clubhouse.
With over 281 units, The Hillford offers a good mix of studio apartments, as well as 1 and 2-bedroom units. 1-bedroom units at The Hillford starts from S$548,000, while a 2-bedroom unit starts from just $700,000, making the price range per square foot (psf) ranging from S$1,377 – S$1,633.
Its 1-bedroom units cost 43% less than the 1-bedroom units for sale in the same area. Its affordable price tag is generally attributed to its 60-year leasehold status, which is 39 years shorter than the usual 99-year leasehold.
All information on prices were taken from 99.co property portal, accurate as of February 2023.
