Compact units are a “love it or hate it” affair for many property investors; but they’ve seen a more favourable turn of late. For new property investors, these offer a great stepping stone toward bigger assets.
The fact is, these small-sized apartments are affordable and low-maintenance. If you’re a landlord, compact units are also easier to rent out to a solo expat than, say, a five room apartment or a landed property.
Thinking of purchasing a compact unit to stay in or to rent out? Read on for our top picks, all of which are affordable to new investors:
#1 Affinity At Serangoon
Nearest MRT: Serangoon
Sale price: $682,000
Average PSF sale price: $1,501
This new leasehold development is located in District 19, and is our top pick at the moment. The development features 80 facilities, including an island pool deck, thematic gardens, and cabanas.
Besides unique features such as a flourescent plankton caves(!), it’s also just eight minutes away from Nex megamall. For residents who drive, the CTE is just 15 minutes away.
Check out this great option for new investors or home owners alike on 99.co.
#2: Suites @ East Coast
Nearest MRT: Bedok
Sale price: $588,000
Average PSF sale price: $1,606.5
Fancy staying near the beach? For just $588,000, you can purchase this shoebox unit at Suites @ East Coast along East Coast Road.
The condominium is situated in a serene neighbourhood, with restaurants, cafes, and yoga studios located in the vicinity. Suites @ East Coast is also a 15 minute stroll (or two minute drive!) away from East Coast Lagoon Food Village.
#3: Centra Residence
Nearest MRT: Kallang
Sale price: $660,000
Average PSF sale price: $1,460.1
Want to stay somewhere relatively central, so you can travel to town with ease? Check out this shoebox apartment at Centra Residence, which is a freehold condominium situated in Geylang.
For those working in the CBD, staying at Centra Residences will make your daily commute a breeze. From the condominium, you can get to Raffles Place within 18 minutes (via public transport) or 10 minutes (via car). Pretty sweet, huh?
#4: Suites @ Kovan
Nearest MRT: Kovan
Sale price: $560,000
Average PSF sale price: $1,530.1
Looking for a shoebox unit in a family-friendly neighbourhood? We recommend this studio apartment at Suites @ Kovan, which is going at a wallet-friendly $560,000.
The main draw of this property lies in the fact that it’s a mere four minute walk away from the nearest MRT station (Kovan MRT). The condominium is also nearby Heartland Mall and the famous Punggol Nasi Lemak, and it’s located on a quiet street that doesn’t get too much traffic.
Nearest MRT: Kovan
Sale price: $700,000
Average PSF sale price: $1,446.2
D’zire is a 999 year leasehold condominium that’s located at Robey Crescent; the condominium offers plenty of facilities including an infinity pool, hydrotherapy pool, yoga corner, mini golf range, and hammocks.
Can’t you picture yourself living here (and lounging in the infinity pool with a cocktail in hand) already? Check out this shoebox unit which is North-South facing, and doesn’t get any afternoon sun.
Purchase the home of your dreams today at 99.co!
If you found this article helpful, 99.co recommends 4 things to consider before buying a shoebox unit for your own stay and Shoebox condo units in Singapore: What buyers must look out for.
Image credits for featured image: SpoonfulOfHomeDesign.Wordpress.Com.