What is the best property to buy for SGD 1 million

For a budget of SGD 1 million, you have several options in the Singapore real estate market:

HDB Resale Flats

In recent years, an increasing number of HDB resale flats have been sold for over SGD 1 million. For example, in 2024, a record-breaking 1,000 HDB resale flats were sold for at least SGD 1 million, with areas like Kallang Whampoa seeing a significant number of such transactions.

Private Condominiums and Apartments

You can find smaller units in private condominiums, particularly in the outer central or fringe areas. For instance, a one-bedroom or two-bedroom unit in a condominium project might be within your budget. Some older or smaller projects in prime districts could also be considered, although the unit size might be limited.

Loft or Studio Units

Properties like Loft@Nathan, which is a freehold development, might offer one-bedroom units within this budget. These units are often smaller but located in more desirable areas.

Executive Condominiums (ECs)

If you are eligible, you might find resale Executive Condominiums (ECs) that fit within your budget. ECs are a hybrid of public and private housing and can offer more space compared to some condominium units.

When making your decision, consider factors such as location, unit size, age of the property, and amenities to ensure you find the best fit for your needs and budget. You can use EdgeProp's property listings and tools to help you find and compare different options.