Best value property in East Coast areas

When looking for the best value property in the East Coast area of Singapore, several factors such as location, amenities, and market trends should be considered.

District 15 Overview

The East Coast area, primarily District 15, includes neighborhoods like Marine Parade, Katong, and Amber Road. This district is known for its vibrant lifestyle, proximity to the beach, and a mix of old and new developments.

Property Types and Prices

• Condominiums: Properties like The Shore Residences, The Red House, and VIBES @ East Coast offer a range of prices. For example, units at The Shore Residences can be found around $2,167 per square foot, while The Red House and VIBES @ East Coast are priced around $1,369 to $1,830 per square foot.
• HDB Flats: HDB flats in Marine Parade and nearby areas are also available, with prices varying based on the age and condition of the property. For instance, a 3-room HDB flat in Marine Parade Central could be priced around $2,947 per square foot.

Amenities and Location

Properties near MRT stations, schools, and amenities are generally more valuable. For example, properties close to Marine Parade MRT station or those near popular schools like Tao Nan School or CHIJ Katong Primary are often in high demand.

Market Trends

Using tools like the EdgeProp Fair Value tool and the market trends tracker on EdgeProp, you can determine if a property is undervalued or overvalued based on historical data and current market conditions. This can help you make a more informed decision.

Specific Listings

• The Shore Residences: A condominium with units priced around $2,167 per square foot, offering a leasehold tenure and located on Amber Road.
• The Red House: An apartment located on East Coast Road, priced around $1,369 to $1,403 per square foot, and completed in 2016.
• VIBES @ East Coast: A freehold apartment on Telok Kurau Road, priced around $1,830 per square foot, with a rental yield of 4.22%.

To find the best value property, you can use the advanced filter options on EdgeProp, such as the Edge Fair Value tool and the ability to search for properties near specific amenities or MRT stations. This will help you identify properties that are below market value and meet your specific needs.