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Best 3-Bedroom Condos Under $2M in Singapore

Family-sized 3-bedroom condos under $2M with unit size, PSF, and neighbourhood analysis.

Last updated: 2 October 2026

Overview

The Singapore private residential market offers several 3-bedroom options within a $2,000,000 budget, primarily located in the Outside Central Region (OCR) and Rest of Central Region (RCR). Data from recent transactions shows that projects like Treasure at Tampines in D18 and Normanton Park in D5 have recorded high volumes, with 1,963 and 1,882 transactions respectively. These developments are predominantly 99-year leasehold properties with lease terms commencing between 2017 and 2019.

Market Analysis

Price points for family-sized units vary by district, with Treasure at Tampines (D18) offering the lowest average at $1,435.08 psf among the top 10 transacted projects. In contrast, RCR developments such as Avenue South Residence (D3) and Stirling Residences (D3) command higher averages of $2,208.561 and $2,140.122 psf respectively. A $2,000,000 budget allows for larger floor areas in District 19, where projects like Riverfront Residences average $1,529.915 psf. Collectively, the three featured District 19 projects—The Florence Residences, Affinity at Serangoon, and Riverfront Residences—account for 2,876 total transactions.

Top Projects by Transaction Volume

ProjectDistrictMedian PSFTransactionsTenure
TREASURE AT TAMPINESD18 Tampines, Pasir Ris$1,435.081,96399 yrs lease commencing from 2018
NORMANTON PARKD05 Pasir Panjang, Clementi$1,816.4731,88299 yrs lease commencing from 2019
PARC CLEMATISD05 Pasir Panjang, Clementi$1,681.7261,32499 yrs lease commencing from 2019
THE FLORENCE RESIDENCESD19 Serangoon, Hougang$1,663.7461,23899 yrs lease commencing from 2018
JADESCAPED20 Bishan, Ang Mo Kio$1,779.55396399 yrs lease commencing from 2018
PARC ESTAD14 Geylang, Paya Lebar$1,889.0389099 yrs lease commencing from 2018
TENGAH GARDEN RESIDENCESD24 Lim Chu Kang, Tengah$2,11386399 yrs from 21/04/2025
AFFINITY AT SERANGOOND19 Serangoon, Hougang$1,625.80584699 yrs lease commencing from 2018
AVENUE SOUTH RESIDENCED03 Queenstown, Tiong Bahru$2,208.56179699 yrs lease commencing from 2018
RIVERFRONT RESIDENCESD19 Serangoon, Hougang$1,529.91579299 yrs lease commencing from 2018

Buyer Advice

Buyers should calculate the maximum floor area achievable by dividing the $2,000,000 budget by the specific project's average PSF. For example, at the $1,889.03 psf rate seen at Parc Esta, a unit must be smaller than 1,058 square feet to remain under the $2,000,000 threshold. It is also necessary to note that all top 10 high-volume projects in this price bracket are 99-year leasehold developments with recent lease commencement dates ranging from 2017 to 2019.

Frequently Asked Questions

What is the average PSF for a 3-bedroom condo in Tampines under $2M?
Based on 1,963 transactions, Treasure at Tampines (D18) shows an average price of $1,435.08 psf. This represents the lowest PSF among the most transacted projects in this budget category.
Are there 3-bedroom condos under $2M near the city fringe?
Yes, projects like Normanton Park in D5 and Parc Esta in D14 fall within this category. Normanton Park averages $1,816.473 psf, while Parc Esta averages $1,889.03 psf.
Which district has the highest volume of 3-bedroom transactions under $2M?
District 19 shows significant activity with 2,876 transactions across three projects: The Florence Residences, Affinity at Serangoon, and Riverfront Residences. These projects have average PSF values ranging from $1,529.915 to $1,663.746.
Can I find a 3-bedroom condo in D3 for under $2M?
Stirling Residences and Avenue South Residence in D3 are options, but their average PSF values are higher, at $2,140.122 and $2,208.561 respectively. At these rates, a $2,000,000 budget typically limits unit sizes to approximately 900 to 930 square feet.
What is the typical lease tenure for these $2M 3-bedroom condos?
The top 10 most transacted projects in this price range are all 99-year leasehold developments. The lease commencement dates for these specific projects are recent, typically falling between 2017 and 2019.
How does PSF affect the size of 3-bedroom units under $2M?
Higher PSF projects like Jadescape ($1,779.553) result in smaller units for the same budget compared to lower PSF projects. Riverfront Residences, at $1,529.915 psf, allows for a larger floor plate within the $2,000,000 price cap.

This guide was generated with AI assistance using real transaction data. Verify all figures independently before making decisions.

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