Looking to invest in property, but don’t have much cash on hand?
You’ll want to look into getting a compact unit, which contrary to popular belief, aren’t harder to sell than regular properties.
In this blog post, we share five compact units which are near the CBD, and cost less than $1,000,000 apiece. Read on to find out more!
#1: People’s Park Complex
Nearest MRT: Chinatown
Size: 475 sq ft (one bed, one bath)
Sale price: $800,000
PSF sale price: $1,684.21
Sometimes, staying in the CBD can mean that you’re surrounded by restaurants and bars, and you end up spending a ton of money on food. That’s not the case if you’re in Chinatown, though, which offers up a wide array of delicious hawker fare and other cheap eats. Check out this one bedroom apartment at People’s Park Complex, located one minute away from Chinatown MRT.
#2: Spottiswoode 18
Nearest MRT: Outram Park, Cantonment (upcoming)
Size: 387 sq ft (one bed, one bath)
Sale price: $860,000
PSF sale price: $2,222.22
Spottiswoode 18 is located a short stroll away from Outram Park MRT, with many renowned cafes and restaurants in the area (Strangers’ Reunion, Kith Cafe, and more). This one bedroom unit is modern and well-maintained, and located on a high floor. Within the condo, you’ll find all the standard bells and whistles such as pools, jacuzzi, sauna, fitness corner and more.
Nearest MRT: Tanjong Pagar
Size: 366 sq ft (one bed, one bath)
Sale price: $918,000
PSF sale price: $2,508.20
[email protected] is located near the junction of Enggor Street and Anson Road at Tanjong Pagar, and it’s as CBD as it gets. There are plenty of offices within the vicinity of the condominium, which translates into better renting potential. This one bedroom unit at [email protected] comes fully furnished, and offers a great view of the surrounding area.
#4: RV Point
Nearest MRT: Fort Canning
Size: 355 sq ft (one bed, one bath)
Sale price: $850,000
PSF sale price: $2,394.37
RV Point is located along River Valley road, which as we know, is a hotspot for expats in Singapore. For food, there are numerous swanky restaurants and bars located along the Mohammed Sultan stretch, and more options around Robertson Quay. This one bedroom unit is equipped with a full kitchen (inclusive of hood and hob), and provides plenty of privacy for an owner-occupier or tenant.
#5: Oxley Edge
Nearest MRT: Fort Canning, Somerset
Size: 398 sq ft (one bed, one bath)
Sale price: $894,999
PSF sale price: $2,248.74
Like RV Point, Oxley Edge is also located at River Valley road. This freehold condominium is situated nearer to Oxley Road than the Robertson Quay area, though, meaning that those staying here will be roughly equidistant from Fort Canning and Somerset MRT. This one bedroom + study unit comes furnished with a washer, dryer, fridge, and other essentials, and it’s located on a high floor.
Are you thinking of buying a compact unit? Voice your thoughts in our comments section or on our Facebook community page.
Looking for a property? Find the home of your dreams today on Singapore’s largest property portal 99.co! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase.
Image credits for featured image: Erasmusu.com.