Dear readers, I am delighted to bring you an update on some noteworthy property transactions in Singapore’s vibrant real estate market. Recently, four freehold apartments located in Districts 2, 8, and 13 have been sold at prices below the $1 million mark, illustrating the ongoing appeal and accessibility of freehold properties in Singapore’s limited land landscape. These sales highlight the opportunities available for homebuyers and investors seeking to own a piece of Singapore’s coveted freehold real estate without exceeding the million-dollar threshold.
In Singapore, freehold properties are highly sought after among homeowners and investors alike. The term “freehold” signifies ownership of the property and the land it sits on for an indefinite period, providing a sense of security and long-term value. Given Singapore’s land scarcity, owning freehold property is often considered a premium investment, as the perception is that such assets tend to appreciate over time and offer stability amidst the fluctuating property market. The recent transactions demonstrate that even in prime districts, it is possible to acquire freehold apartments for less than $1 million, making them attractive options for first-time buyers, young families, and seasoned investors alike.
Let’s take a closer look at the recent transactions:
1. Spottiswoode 18 (District 2)
Located in the heart of the central business district, Spottiswoode 18 offers a compact yet strategic living space. A 387-square-foot freehold apartment was sold on March 28, 2025, at a price of SGD 930,000. This translates to a price of approximately SGD 2,400 per square foot, reflecting the premium nature of freehold units in the city centre. Despite its modest size, the property’s prime location and freehold status make it a valuable asset for those seeking convenience and long-term capital appreciation.
2. Mount Sophia Suites (District 8)
Nestled in the vibrant Orchard area, Mount Sophia Suites is a boutique development that appeals to those who appreciate proximity to cultural landmarks and educational institutions. On April 1, 2025, a 506-square-foot freehold unit was sold at SGD 958,000, which equates to about SGD 1,894 per square foot. This transaction underscores the affordability of freehold properties in District 8, especially when compared to the premium pricing often associated with nearby centrally located developments. Its strategic location near educational hubs and entertainment venues makes it an attractive choice for young professionals and students.
3. Viento (District 13)
Viento, situated in the prominent Geylang neighborhood, continues to attract buyers with its combination of accessibility and affordability. A 527-square-foot freehold apartment was sold on March 28, 2025, at SGD 850,000. The sale price translates to roughly SGD 1,612 per square foot, a competitive rate for a freehold property in this established district. Its proximity to amenities, schools, and public transportation options makes it a desirable choice for those seeking a balanced urban lifestyle.
4. Trilive (District 13)
Also in District 13, Trilive offers modern living spaces with convenient access to public transport and amenities. A 549-square-foot freehold unit was sold on March 27, 2025, at SGD 988,000. This amounts to approximately SGD 1,800 per square foot. Trilive’s appeal lies in its contemporary design and strategic location near Kovan MRT station, making it suitable for professionals and small families wanting a comfortable yet affordable freehold home.
These recent sales highlight a significant trend: despite the premium typically associated with freehold properties, buyers are still able to find options under the $1 million mark in prime districts. The key factors contributing to this affordability include smaller unit sizes, strategic locations, or older developments that offer more competitive pricing. For many, owning a freehold property in Singapore’s core districts is a long-term investment that provides peace of mind and potential for appreciation, especially as land scarcity ensures the value of freehold assets remains resilient over time.
In conclusion, the recent transactions in Districts 2, 8, and 13 demonstrate that owning a freehold apartment in Singapore for less than $1 million is achievable, offering a golden opportunity for homebuyers and investors to secure prime real estate at an accessible price point. As the market continues to evolve, it remains essential for prospective buyers to stay informed about such opportunities. Whether for personal living or investment purposes, these freehold units combine the benefits of prime locations with the security of land ownership, making them compelling choices in Singapore’s competitive property landscape.