Home buyers looking for cheaper yet well-located condominium units are drawn to districts 13 and 14, which offer a central location and relatively lower prices.
In District 13, one of the most popular projects is the 868-unit Bartley Ridge . Launched in March, the 99-year leasehold condominium offers units at an average price of S$1,241 psf. Aside from the affordable price; the development is located near Bartley MRT station.
According to data from the Urban Redevelopment Authority (URA), average transacted prices at the development between December 2012 and last month stood at S$1,291 psf.
The four other projects within the district are smaller. Of these, 8@Woodleigh has the highest average asking price of S$1,627 psf.
Meanwhile, District 14’s top five popular condos comprise a mix of freehold and 99-year leasehold projects. Topping the list is Waterbank at Dakota which has an average asking price of S$1,615 psf. Offered on a 99-year lease, the 616-unit project comprises one- to three- or more bedders and is located near Dakota MRT station and the Circle Line. It also recorded the highest average transacted price of S$1,516 psf for the period from December to last month, noted the URA data.
Over at the freehold Vacanza@East, units at the 473-unit project comprise one- to three- or more bedders, with an average asking price of S$1,335 psf.
Rounding up the top five on the list are the 522-unit Simsville, the 348-unit Dakota Residences and Le Crescendo – a 228-unit condo.
Source – PropertyGuru – 4 Jul 2014