Weekend Spotlight: Buying Condos with just $500k - 30 May 2009
Is it even possible to achieve the most coveted of the 5 Singaporean 'C's with just $500k? Once again the H88.com.sg team debunks another urban myth - $500k condos are possible!
In fact, we even uncovered sub $500k condo units that are Freehold while doing our research! Of course with all good or cheap things come strings attached...
Pick 1 or more:
Regardless, we noted that there are some value in such units. Since most of them are smallish, investors with a humble budget should also be able to park their money to fight inflation over the long term. Smaller units are also easier to rent out, and are easier to sell off. Just make sure they are easily accessible!
Anyway, here are the prices of units in the market we found that were under $500k:
1. 450k: Northoaks99yr – 2rm, 880sf @$511psf (District 25)
2. 450k: The Woodgrove 99yr – 2+1rm, 829sf @$543psf (District 25)
3. 478k: Parkview99yrs – 2rm, 936sf @$511psf (District 23)
4. 478k: Guilin View99yrs – 2rm, 816sf @$586psf (District 23)
5. 480k: Sunflower Mansion FH – 2rm, 861sf @$557psf (District 14)
6. 480k: SOHO 188 FH – Studio, 420sf @$1143psf (District 8)
7. 495k: D’Sunrise FH – 2rm, 667sf @$742psf (District 15)
8. 495k: D'Casita FH - Studio, 517sf @$958psf (District 14)
Note to readers: We are not marketing any of these units. We would just like to bring to your attention how far $500k can get you in this property market.
In fact, we even uncovered sub $500k condo units that are Freehold while doing our research! Of course with all good or cheap things come strings attached...
Pick 1 or more:
- Not close to the city
- Expensive if you calculate $ per square foot
- Dodgy neighborhood
- Small floor size
- Too good to be true. i.e.; "Oh it just sold, can I interest you in another unit sir?"
Regardless, we noted that there are some value in such units. Since most of them are smallish, investors with a humble budget should also be able to park their money to fight inflation over the long term. Smaller units are also easier to rent out, and are easier to sell off. Just make sure they are easily accessible!
Anyway, here are the prices of units in the market we found that were under $500k:
1. 450k: Northoaks99yr – 2rm, 880sf @$511psf (District 25)
2. 450k: The Woodgrove 99yr – 2+1rm, 829sf @$543psf (District 25)
3. 478k: Parkview99yrs – 2rm, 936sf @$511psf (District 23)
4. 478k: Guilin View99yrs – 2rm, 816sf @$586psf (District 23)
5. 480k: Sunflower Mansion FH – 2rm, 861sf @$557psf (District 14)
6. 480k: SOHO 188 FH – Studio, 420sf @$1143psf (District 8)
7. 495k: D’Sunrise FH – 2rm, 667sf @$742psf (District 15)
8. 495k: D'Casita FH - Studio, 517sf @$958psf (District 14)
Note to readers: We are not marketing any of these units. We would just like to bring to your attention how far $500k can get you in this property market.
Posted on 30-05-2009 18:42 | By Francis
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