Singapore Property | More often than not, information gathered by observers and analysts only focus on large condominium developments and not much on small-scale apartments. Part of the regulations that must be followed by local property developers, all condominium developments should have at least 0.4 ha so that there would be enough space for landscaping and room for facilities as mandated by Singapore’s URA. Because of the greenery and other amenities provided, condominiums like Sturdee Residence or Principal Garden have the edge compared to what apartments could offer.
If you are looking for an apartment that is far from prime districts, you have to always consider District 15, one of the developments to look at is The Cristallo. This is where most of the freehold apartments in Singapore were built and many who cannot keep up with the expenses of a condominium usually take advantage. Today, you may now check other areas as well including Telok Kurau Road, Joo Chiat Road, and Still Road for new developments. Most of the projects that will be built on the said locations will be single-block and low-rise plans. But there are also amenities that will be provided for its future residents such as clubhouse, gymnasium, a small pool and enough area for children to play. But with the lack of greenery and other facilities catered compared to the other developments, many are wondering if apartments are experiencing huge setbacks in the battle among real estate properties.
Right now, others are underestimating the demand for these freehold apartments because of the booming market for high-rise condominiums. However, this is a great option for those who prefer to live in a more private area like the District 15, where most residential developments are. Today, the measurements of these freehold apartments range from 700 up to 1,100 square feet in the said district. These projects were completed starting from year 2000 to date. Moreover, the average price is currently at SG$1,248 per square foot.