Budget Guides

Best Condos Under $1.5M in Singapore (2026)

Top condos priced below $1.5M ranked by transaction volume, PSF, and location.

Last updated: 27 July 2026

Overview

This guide identifies Singapore condominium projects where units are available under a $1.5 million price ceiling, based on recent transaction data. The market shows significant activity in this segment, led by Treasure at Tampines with 1,963 transactions at an average of $1,435.08 psf. Buyers in this budget range typically encounter average prices between $1,435.08 psf and $2,140.122 psf across various districts.

Market Analysis

Data indicates that District 18 offers the lowest entry price among high-volume projects, with Treasure at Tampines averaging $1,435.08 psf. In contrast, Stirling Residences in District 3 commands the highest average at $2,140.122 psf, reflecting a 49% premium over the Tampines project. While 90% of the high-volume projects in this price category are 99-year leasehold developments with leases commencing between 2017 and 2019, Forett@Bukit Timah provides a freehold alternative at $1,999.076 psf. Transaction volumes remain high in District 5, where Normanton Park and Parc Clematis recorded a combined total of 3,206 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
AFFINITY AT SERANGOOND19 Serangoon, Hougang$1,625.80584699 yrs lease commencing from 2018
RIVERFRONT RESIDENCESD19 Serangoon, Hougang$1,529.91579299 yrs lease commencing from 2018
STIRLING RESIDENCESD03 Queenstown, Tiong Bahru$2,140.12274899 yrs lease commencing from 2017
FORETT@BUKIT TIMAHD21 Clementi, Upper Bukit Timah$1,999.076679Freehold

Buyer Advice

Buyers limited to a $1.5 million budget should evaluate the trade-off between location and unit size, as the $705.04 psf difference between Treasure at Tampines and Stirling Residences significantly impacts total floor area. Those seeking freehold tenure within this budget may look toward Forett@Bukit Timah, though it carries a higher price of $1,999.076 psf compared to leasehold options in the same district. It is also necessary to consider that most available inventory in this price range comes from projects with lease starts around 2018, such as The Florence Residences and Jadescape.

Frequently Asked Questions

Which condo under $1.5M has the highest transaction volume in Singapore?
Treasure at Tampines in District 18 has the highest volume with 1,963 transactions. It features an average price of $1,435.08 psf and a 99-year lease commencing from 2018.
Can I find a freehold condo for less than $1.5 million?
Yes, Forett@Bukit Timah in District 21 is a freehold option that has recorded 679 transactions. The average price for this development is $1,999.076 psf.
What is the average PSF for a condo in District 5 under $1.5M?
In District 5, Normanton Park averages $1,816.473 psf with 1,882 transactions, while Parc Clematis averages $1,681.726 psf with 1,324 transactions. Both are 99-year leasehold properties with leases starting in 2019.
Which district offers the most affordable PSF for budget buyers?
District 18 offers the most affordable PSF among the high-volume projects, with Treasure at Tampines averaging $1,435.08 psf. District 19 also provides lower PSF options like Riverfront Residences at $1,529.915 psf.
Are there any condos near Queenstown for under $1.5 million?
Stirling Residences in District 3 is a high-volume project in the Queenstown area with 748 transactions. However, it has a higher average price of $2,140.122 psf, which may limit the unit sizes available under $1.5 million.
What are the price trends for condos in District 19 under $1.5M?
District 19 has several high-volume projects including The Florence Residences at $1,663.746 psf, Affinity at Serangoon at $1,625.805 psf, and Riverfront Residences at $1,529.915 psf. These three projects combined account for 2,876 transactions.

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

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