{"id":65936,"date":"2023-06-06T18:33:41","date_gmt":"2023-06-06T10:33:41","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=65936"},"modified":"2023-06-08T19:58:02","modified_gmt":"2023-06-08T11:58:02","slug":"condo-below-1-million-2023","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/condo-below-1-million-2023\/","title":{"rendered":"Which types of condos were bought below S$1 million since the start of 2023?"},"content":{"rendered":"
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With the increase in <\/span>new launch condo<\/span><\/a> prices, homebuyers have much to consider before purchasing a new property. After all, an attractive price is not everything in the current economic climate. Buyers want to make sure that their monthly mortgage payments are within reach.\u00a0<\/span><\/p>\n

If you\u2019re searching for a new condo and have a budget to stick to, you might be interested in condos below S$1 million<\/a>.\u00a0<\/span><\/p>\n

We\u2019ve compiled some statistics from <\/span>99.co\u2019s Researcher data<\/span><\/a> to find out which condos were transacted below S$1 million since the start of 2023.\u00a0<\/span><\/p>\n

Since the start of the year, there have been 934 condo transactions below S$1 million. Of these, 843 were resale transactions, 83 were sub-sales and 8 were new sale transactions (accurate as of 6 June 2023).\u00a0<\/span><\/p>\n

Here\u2019s a breakdown of the unit types, locations, tenure and sizes of condo units transacted below S$1 million since the start of 2023.\u00a0\u00a0<\/span><\/p>\n

Resale condos below S$1 million<\/strong><\/h2>\n

Unsurprisingly, the bulk of condos below S$1 million were resale transactions. Based on unit sizes, it also makes sense that 1 and 2-bedroom units make up most of these transactions.\u00a0<\/span><\/p>\n

But we want to find out how many 3 or 4-bedroom condos were transacted below S$1 million.\u00a0\u00a0<\/span><\/p>\n

4-bedroom<\/strong><\/h3>\n

There were no 4-bedroom condo transactions below S$1 million.\u00a0<\/b><\/p>\n

However, when we increased the price slightly to S$1.3 million, there were six resale condo transactions.\u00a0<\/span><\/p>\n

Four of these were from <\/span>Symphony Suites<\/span><\/a>, a condo in Yishun which TOP-ed in 2019. With a size of 1,023 sqft, they were sold from S$1.25 to S$1.28 million (S$1,222 psf to S$1,252 psf). The other two transactions were from <\/span>Regent Grove<\/span><\/a> (TOP: 2000) and <\/span>Rosewood<\/span><\/a> (TOP: 2003).\u00a0<\/span><\/p>\n

\"Symphony<\/a>
Symphony Suites condominium<\/figcaption><\/figure>\n

It\u2019s interesting that Symphony Suites just TOP-ed four years ago but prices are still comparable to the other two condos which TOP-ed more than 20 years ago. This is due to the smaller sizes of units at Symphony Suites. In terms of psf price, Regent Grove sold its 4-bedroom unit for S$916.67 while Rosewood sold for S$907.82.\u00a0<\/span><\/p>\n