Hot Property Alert: 8 Condos in the OCR and RCR with High Demand That Will Fit Your Budget

Since the start of 2024, over 6,800 units have been sold at an average price of $1.8 million, equivalent to $1,769 per square foot (PSF). The sales have predominantly occurred in the Outside Central Region (OCR), followed by the Rest of Central Region (RCR), which tells us that as condo prices in the prime Core Central Region (CCR) rise, savvy buyers are shifting their focus to more affordable options in city-fringe areas.

Jump to each section:

Condo price trends in CCR, RCR, and OCR

Let’s break down the average price per square foot (PSF) trends from January to May 2024:

CCR prices have seen a notable surge, while OCR prices have dipped slightly, making them even more attractive to budget-conscious buyers. RCR prices have remained stable, offering a middle ground between the two.

Highlights

• CCR: Started at $2,349.71 PSF in January and peaked at $2,583.29 PSF in March, showing a significant increase of 5.10%.
  
• OCR: Experienced some fluctuation, beginning at $1,553.63 PSF and dipping to $1,519.20 PSF in May, marking a decrease of 2.22%.
  
• RCR: Remained relatively stable with a slight decrease of 0.57%, starting at $1,927.75 PSF and settling at $1,916.72 PSF.

8 condos below $2,500 PSF in OCR and RCR 

With the average condo price in the OCR and RCR hovering around $1,661 PSF, these regions have become a hotbed of activity, seeing over 4,000 transactions so far this year. Interestingly, 69% of these sales have been resale units, underscoring the enduring appeal of established developments.

Here’s a curated list of 8 condos that have captured buyers’ attention, boasting both affordability (under $2,500 PSF) and high demand (over 100 transactions in 2024):

Which condo is better for you?

Here’s a curated guide to help you find your perfect condo, based on your preferences and lifestyle.

If you crave a vibrant community atmosphere

Treasure at Tampines (D18)

Treasure at Tampines, located in the mature Tampines neighborhood, is near shopping centers like Tampines Mall and educational institutions including Tampines Primary School. This massive development houses over 2,000 units and boasts amenities such as multiple swimming pools, a gym, and BBQ areas, making it a vibrant family-friendly community with substantial growth potential.

Ideal For: Families looking for spacious living options and excellent community facilities. Its proximity to schools and family-oriented amenities makes it suitable for young couples planning to start a family or those with children.

The Florence Residences (D19)

Nestled in Hougang, The Florence Residences is close to Hougang Mall and the Hougang MRT station, offering a serene environment with excellent connectivity. Known for its “club-condo” concept, the development features about 1,400 units with amenities designed to foster a community atmosphere, such as gardens, pools, and sports courts.

Ideal For: Families and individuals who enjoy a blend of modern living with community-centric facilities. It’s also appealing to those who prefer a slightly quieter part of the city but with good connectivity.

If you value tranquility and green spaces

Affinity at Serangoon (D19)

Affinity at Serangoon is located in a quiet and charming area of Serangoon, close to amenities like NEX shopping mall and Serangoon Gardens. The development is also near reputable schools and the Serangoon MRT station, enhancing its appeal. With facilities including several themed gardens, pools, and wellness corners, Affinity at Serangoon offers a tranquil yet connected lifestyle suitable for families and working professionals alike.

Ideal For: Buyers who appreciate being close to nature while still having access to urban conveniences. Its serene setting near Serangoon Gardens makes it attractive to mature families and retirees who prioritize tranquility and accessibility.

The Tre Ver (D13)

The Tre Ver is situated by the Kallang River, offering a waterfront lifestyle minutes away from the bustling Potong Pasir MRT station. Nearby amenities include The Poiz Centre and educational institutes like St. Andrew’s Junior School. Its river-facing units and lush landscaping with extensive water features make it a peaceful urban retreat with high lifestyle and investment value.

Ideal For: Buyers who value waterfront living and natural scenery, including young professionals and families. Its proximity to the city center and schools also makes it appealing for urban dwellers who seek a balance between city life and natural beauty.

If you seek modern luxury and connectivity

Lumina Grand (D09)

Lumina Grand is ideally situated in the bustling central district of Singapore, offering easy access to premier shopping destinations like Orchard Road and top-tier educational institutions such as Anglo-Chinese School. Close to the Somerset MRT station, the development features 300 luxury units within a modern high-rise that caters to upscale urban living. Luxurious facilities including a sky gym, infinity pool, and private dining areas enhance its allure, promising strong potential for price appreciation.

Ideal For: Families looking for spacious living options and excellent community facilities. Its proximity to schools and family-oriented amenities makes it suitable for young couples planning to start a family or those with children.

J’Den (D07)

Located in the upscale district of Bugis, J’Den offers a prime location with immediate access to cultural spots, luxury retail, and dining within the Bugis Junction area. With Bugis MRT station just a stone’s throw away, the development provides stylish urban living with facilities like a sky lounge and private cinemas. Its central location and premium amenities make it highly attractive for young professionals and investors.

Ideal For: Young professionals and couples who thrive in a bustling city environment. The proximity to cultural sites, entertainment, and retail options in Bugis makes it highly desirable for those who enjoy a dynamic lifestyle.

If you want to be at the forefront of urban development

The Reserve Residences (D23)

Situated in the up-and-coming integrated development near Beauty World, The Reserve Residences offers direct access to a transport hub, retail options, and nature parks like Bukit Timah Nature Reserve. This development is poised to provide a seamless blend of residential, commercial, and leisure spaces, with facilities that promote an active and connected lifestyle, making it an excellent choice for those who value convenience and quality of life.

Ideal For: Young professionals, families, and investors, due to its integrated nature and strategic location near commercial hubs and leisure destinations. Its modern amenities and connectivity make it suitable for those looking for convenience and a high-quality urban lifestyle.

If you’re looking for exceptional value

Tembusu Grand (D15)

Tembusu Grand in the Katong area, a neighborhood known for its vibrant mix of heritage and modernity, offers close proximity to Parkway Parade shopping centre and East Coast Park. This new development features luxurious units with modern amenities such as a rooftop terrace, lap pools, and a gym, aimed at providing a high-quality living experience that attracts both families and investors.

Ideal For: Both locals and expats who are drawn to the charm and cultural richness of the Katong area. Suitable for those looking for a vibrant neighborhood with a strong sense of community and a touch of heritage.

6 factors to consider if you are selling HDB and buying condo

1. Ensure you’ve fulfilled the Minimum Occupation Period (MOP) for your HDB flat.
2. Synchronise the sale of your HDB flat with the purchase of your condo to avoid needing temporary housing.
3. Estimate the sale proceeds from your HDB and plan their allocation.
4. Choose a condo location that aligns with your work, educational needs, and social life.
5. Calculate the total cost of purchasing a condo, including taxes, legal fees, and renovations.
6. Check loan eligibility and interest rates.

Let Ohmyhome help you sell your HDB and buy a condo

Drop us a message on WhatsApp or start a conversation on our Live Chat to get in touch with our Relationship Managers and Super Agents.

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