FoundOnEdgeProp: Living large in the East for under $1,100 psf

on EdgeProp.sg.

For buyers in Singapore, the East Region has been a popular choice. In the first 10 months of this year, 1,607 resale transactions of condo units were recorded in the East Region, which is 19.1% of total transactions. In comparison, last year saw 2,513 transactions in the East Region, making up 20.7% of total resale transactions.

Units above 3,000 sq ft are even more rare. For the first 10 months of the year, there were only 110 such transactions, which account for 1.3% of total resale transactions.

EdgeProp conducted a search and found several units of at least 3,000 sq ft in the East Region with asking prices under $1,100 psf. Thus, for those with large families, these spacious and affordable homes could be considered.

Strata-landed units in District 16

It also strives to impart values of productivity, civility and respect within its student population. With its modern facilities and strong emphasis on extracurricular activities, students are provided with a balanced education in order to enhance their well-being.

Archipelago is located along Bedok Reservoir Road in District 16 and consists of 553 condo units as well as 24 strata landed units. The development has a 99-year leasehold and obtained a temporary occupation permit (TOP) in 2015. Nearby amenities include Bedok North MRT Station, Damai Primary School, Bedok Reservoir Park, as well as the Pan Island Expressway.

At the time of writing, there was a listing for a strata landed unit at Archipelago with an asking price of $3.58 million ($813 psf). The unit is 4,402 sq ft in size and has five bedrooms.

More Choices Along Flora Drive

Freehold Edelweiss Park Condominium is located along Flora Road in District 17 and consists of 517 units. Obtaining its TOP in 2006, Palm Isles is another development located along Flora Drive and within a 500m radius of Edelweiss Park Condominium. The 99-year leasehold development consists of 429 units and have obtained its TOP in 2015.

At the time of writing, there was a listing for a 3,197-sq ft unit in Edelweiss Park Condominium with four bedrooms and an enclosed terrace. The asking price for the unit was $3.05 million ($954 psf).

Palm Isles had a listing for a three-storey unit with an asking price of $3.14 million ($836 psf). The unit is 3,757 sq ft in size and has five bedrooms. There was also another listing in Palm Isles for a smaller five-bedroom unit. This 3,014-sq ft unit was asking for $2.8 million ($929 psf).

Higher asking prices for District 15

At the time of writing, there was a listing for a 3,940-sq ft unit in Sanctuary Green with an asking price of $4.1 million ($1,041 psf). The penthouse unit has four bedrooms and a study.

Sanctuary Green is located along Tanjong Rhu Road in District 15 and consists of 522 units. The 99-year leasehold development obtained its TOP in 2004. The development is located close to the upcoming Tanjong Rhu MRT Station on the Thomson-East Coast Line (TEL), expected to be completed next year. Other nearby amenities include Kallang Wave Mall, Singapore Sports Hub, Nicoll Highway, East Coast Parkway, and Marina Coastal Expressway.

Laguna Park, located beside the upcoming Siglap MRT Station on the TEL, had a listing for a four-bedroom penthouse unit that is 3,370 sq ft in size. The unit was asking for $3.6 million ($1,068 psf). The 99-year leasehold development consists of 516 units and obtained its TOP in 1978.

East Coast Lagoon Food Village, Victoria School, Temasek Junior College, East Coast Park, and East Coast Parkway are located within a short distance from Laguna Park.

Average price for Districts 15, 16 and 17 on the rise

Since 2012, the average resale price for condos in District 15 has consistently exceeded that of its counterparts in Districts 16 and 17. This could be attributed to the stronger price growth of 47% achieved for condos in District 15, compared to price growths of 44% and 39% for Districts 16 and 17, respectively.

The current resale prices for condos in District 15 are $1,687 psf, which is $285 psf and $530 psf higher than their counterparts in Districts 16 and 17. The current average prices for resale condos in Districts 16 and 17 are $1,402 psf and $1,157 psf, respectively. The current average resale prices for all three districts are higher than the asking prices of the listings highlighted.

Check out the latest listings for Archipelago, Edelweiss Park Condominium, Palm Isles, Sanctuary Green, Laguna Park properties on EdgeProp.sg. Those looking for large, spacious and affordable homes can consider these properties in the East Region, as they have an asking price of below $1,100 psf. Average prices for Districts 15, 16 and 17 are on the rise, making it attractive for buyers.