Source: Straits Times
In due of rising land costs and inflation coupled with land scarcity in Singapore, property prices has been on the uptrend (overall) ever since a decade ago. As such, it is now near impossible to find a condominium purchase under $1000 psf.
In the past, one can purchase a 1,000 sqft 3 bedroom condo unit at 1 million dollars. However, new 3 bedroom condominium units has generally been shrunk to about 800 sqft at the same price. This makes purchasing a condominium less comfortable in due of reduced space in the house.
The aspiring condominium owner who wish to purchase a unit under $1000 psf can however look into a purchase of an EC should he meet the eligibility criteria. If so, he/she can consider a purchase at Sol Acres EC.
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