FoundOnEdgeProp: Live in popular Bukit Merah for under $1 million

, and HDB flats near Spottiswoode 18 and in Telok Blangah on EdgeProp.sg.

Bukit Merah has become a popular residential neighbourhood with its central location and the numerous amenities found nearby. Moreover, with the Remaking Our Heartland initiative in full swing, it is projected that the neighbourhood will become even more popular with buyers.

If you are looking to purchase a home in Bukit Merah at under $1 million, EdgeProp has listed a variety of condos and HDB flats for you to consider.

The Foresta @ Mount Faber is worth a look for those who prefer to buy freehold condos. With its 141 units, it obtained TOP in 2014 and is situated along Wishart Road in District 4. Being close to the Telok Blangah MRT station on the Circle Line, as well as the other nearby amenities, it is easily accessible.

As of October 2023, the asking prices for the one-bedroom units of The Foresta @ Mount Faber listed on EdgeProp are below $1 million. The lowest asking price is $880,000 ($2,047 psf) for a 430-sq ft unit, while the highest asking price is $990,000 ($2,045 psf) for a 484-sq ft unit, both located on the ground floor.

Spottiswoode 18 has 251 units which obtained TOP in 2014, and is located in the prime District 2 along Spottiswoode Park Road. With the Outram Park and Cantonment MRT Stations nearby, this freehold development is perfect for those who work in the CBD. There are also listings for one-bedroom units in Spottiswoode 18 with asking prices below $1 million, from $930,000 to $968,000 ($2,397 psf to $2,495 psf) for 388 sq ft units.

Since 2016, the resale price for condo units under 500 sq ft in The Foresta @ Mount Faber has decreased slightly by 2%, while similar units in Spottiswoode 18 have seen an increase of 20%. Freehold condo units under 500 sq ft in Bukit Merah have only seen an increase of 13% to the current price of $2,322 psf.

Families who are also on the lookout for a home in the vicinity of Spottiswoode 18 yet still within their budget of $1 million can consider the five-room HDB flats on sale. EdgeProp has shortlisted around 10 such listings with prices ranging from $816,000 to $980,000.

The listing with the lowest asking price of $816,000 ($627 psf) is for a 1,302-sq ft flat at 109 Spottiswoode Park Road and the highest asking price of $980,000 ($741 psf) is for a slightly larger 1,323 sq ft flat located at 110 Spottiswoode Park Road. However, both blocks were completed in 1979 and the remaining tenure may play a factor in the buyer’s decision.

Alternatively, buyers can look at the 10 five-room HDB flats in Telok Blangah with prices under $1 million. Among these 10 listings, seven are for flats located along Telok Blangah Heights with prices ranging from $748,000 to $935,000.

For those who are looking for slightly newer yet still affordably-priced units, they can consider the units at 74 Telok Blangah Heights. Completed in 1978, the listings for these flats have asking prices between $748,000 to $799,000.

With the new Bukit Panjang EC, at Senja Residences, future residents will get to live near the upcoming Downtown Line, with stations such as Tengah Park, Cashew and Hillview. This allows residents to enjoy accelerated connectivity to all parts of Singapore and even to the airport. This is made possible by the MRT Downtown Line and the upcoming Thomson-East Coast Line. Residents will love living at Senja Residences, because of its close proximities to important amenities such as Bukit Panjang Plaza, Hillion Mall, and Junction 10. Surrounded by nature, one can take a leisurely stroll at Upper and Lower Peirce Reservoir and Bukit Panjang Park. Families residing at Senja Residences can have the convenience of nature and modern facilities near them, rendering it the perfect home for multigenerational families.

On the other hand, if buyers are looking for newer flats, they can choose between two HDB blocks, 86 Telok Blangah Heights and 85 Telok Blangah Heights which were completed in 2003 and have listings for five-room HDB flats for under $1 million. The lowest asking price is $860,000 ($726 psf) and the highest asking price is $935,000 ($790 psf).

Since 2012, the resale prices for five-room HDB flats in Bukit Merah have grown by 22%, while the price for flats in the Central Region and islandwide have seen an increase of 27% and 22%, respectively.

For more information on The Foresta @ Mount Faber, Spottiswoode 18 properties, HDB flats near Spottiswoode 18, or five-room HDB flats in Telok Blangah, be sure to visit EdgeProp.sg.