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

, five-room HDB flats in Telok Blangah and Bukit Merah below:Bukit Merah is a popular residential neighbourhood, located centrally and surrounded by numerous amenities, making it a sought-after neighbourhood. With the expected surge in demand as a result of the Remaking Our Heartland initiative, buyers can now purchase a dream home for under $1 million.

The Foresta @ Mount Faber and Spottiswoode 18 are two freehold developments in this popular neighbourhood that offer units below $1 million. The Foresta @ Mount Faber has 141 units that obtained TOP in 2014, located along Wishart Road in District 4 and within walking distance of Telok Blangah MRT Station on the Circle Line (CCL). This development offers one-bedroom units with prices ranging from $880,000 ($2,047 psf) to $990,000 ($2,045 psf).

On the other hand, Spottiswoode 18 is located along Spottiswoode Park Road in District 2 and within walking distance of Outram Park and Cantonment MRT Stations. The development, which obtained TOP in 2014, has 251 units, including one-bedroom units with prices ranging from $930,000 ($2,397 psf) to $968,000 ($2,495 psf).

Since 2016, the average resale price for condo units under 500 sq ft in The Foresta @ Mount Faber has slipped by 2% to the current price of $2,021 psf. Alternatively, the average resale price for similar units in Spottiswoode 18 has risen by 20% to the current price of $2,426 psf. Freehold condo units under 500 sq ft in Bukit Merah have increased at a slower pace of 13% to the current price of $2,322 psf.

Living at Lumina Grand EC offers residents easy access to 3 prime shopping attractions; West Mall, Big Box, and IMM. A mere 5 minutes’ drive away, West Mall and Big Box offer a plethora of dining and retail options that meet the everyday needs of residents. Whether it’s home improvement, fashion, groceries, lifestyle, services, leisure, or even western food options, a quick trip to these shopping centres has you covered. IMM is another excellent shopping option at close proximity to Lumina Grand EC. A larger mall, IMM provides a comprehensive range of international brands and services that make it an ideal choice for those special retail indulgences.

Families who are looking to find properties to purchase in the vicinity may want to consider five-room HDB flats along Spottiswoode Park Road. There are about 10 listings with asking prices ranging from $816,000 to $980,000, with the lowest asking price of $816,000 ($627 psf) being for a 1,302-sq ft flat at 109 Spottiswoode Park Road. Despite the flats being completed in 1979, they are conveniently located beside the future Cantonment MRT Station and the AYE.

For buyers looking in Telok Blangah, there are approximately 10 listings under $1 million for five-room HDB flats. Seven listings are specifically for 74 Telok Blangah Heights, with asking prices ranging from $748,000 ($598 psf) to $799,000 ($635 psf). Alternatively, there are three listings under $1 million for 86 Telok Blangah Heights and one listing for 85 Telok Blangah Heights. Both blocks were completed in 2003.

Since 2012, the average resale price for five-room HDB flats in Bukit Merah has grown by 22% to the current average price of $724 psf. In contrast, the average price for similar flats in both the Central Region and islandwide have increased by 27% and $540 psf respectively.

To wrap up, Bukit Merah is a popular residential neighbourhood due to its location and amenities, and buyers can purchase their dream home for under $1 million. Check out the latest listings for The Foresta @ Mount Faber, Spottiswoode 18, five-room HDB flats in Telok Blangah, and Bukit Merah at EdgeProp.