Relocating - Is my estimation on housing prices correct?

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HKChan
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Relocating - Is my estimation on housing prices correct?

Post by HKChan » Sun, 15 Jan 2012 6:27 pm

Hello there,

I am moving to Singapore very soon in a few months and have been looking online for rental apartments (on ., here as well as craigslist).

Craigslist prices are horrendous yet the prices on this website seem to be rather fair... but I am not sure if they are recent.

I could see a suitable and decent 1BR apartment in a new development will cost around SGD3.5-4k.

In light of this, will it be possible to get a unit with similar furnishing/quality (such as those one north and icon units) at around SGD2.5k, if the development is 30min - 1hr away but close to the MRT? I don't mind whether it is a studio unit or 1BR at all.

I'm trying to work out a budget and your input is appreciated.

Singapore Property Search

 

HKChan
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Post by HKChan » Sun, 15 Jan 2012 6:28 pm

Also, most likely I will be working at Raffles Place.

Thanks for your help.

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Post by beppi » Sun, 15 Jan 2012 8:21 pm

Studio and 1-BR units are rare and cost more than bigger (2-BR) flats.
If you are prepared to live like the locals and commute more than 30min (one way) to work, you can find simple 2-BR HDB flats starting at S$2000/month.
A similarly sized, but much more luxurious place within walking distance to Raffles Place would cost you at least S$5000/month.

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nutnut
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Post by nutnut » Mon, 16 Jan 2012 8:21 am

I think the question you wanted answered is "Can I get a $4K condo in the city of similar size and quality 30 mins out for half the price?

The answer is no.

1BR and Studio apartments seem to be a thing of the CBD, there are very few in the developments out of the city, and 2BR apartments in new condos will likely range from $3.5K upwards.

Also, there is not much that is an hour from the CBD.
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Post by Sir » Fri, 27 Jan 2012 11:26 pm

yup, just been looking at houses myself.

Craigslist (and gumtree) basically only list condos, HDB listings tend to stick to ..

Most listings mention the MRT station they're closest to, print of the MRT map, use google or gothere.sg to figure out travel times, then set yourself a limit on areas.

the further you are, the cheaper it gets. duh.

north island (marsiling, Woodlands, Sembawang, Yishun, Ang Mo Kio) are the cheapest.


OH also MRT is not always the quickest way to work, Buses are excellent and often much quicker when you factor in walking time to / from mrt.

gothere.sg is good with buses too.
Googlemaps has sometimes got the address of random BLK## lorong ## complealty wrong!!

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