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    Top 7 Luxury Condos in Singapore You Can Actually Afford: Budget-Friendly Options for Upscale Living

    Luxury condos in Singapore offer a unique blend of prestige, comfort, and accessibility that has become increasingly sought-after by property hunters. Despite Singapore’s reputation for high real estate prices, you can still afford some luxurious condominiums. This article aims to make your search for the perfect luxury living space a little easier by presenting the top 10 luxury condos in Singapore that showcase elegance and style and are comparatively more budget-friendly than others in the market.

    To help you find an ideal luxury condo that meets your needs and affordability, we have considered essential factors such as condo connectivity, prevailing market trends, financing and eligibility, and the range of amenities and facilities each development offers. We will also answer common questions that potential condo buyers may have so that you can make an informed decision in your property search.

    Key Takeaways:

    • Top 10 luxury condos in Singapore that are relatively more affordable
    • Consider connectivity, amenities, and market trends when choosing a condo
    • Get answers to common questions to make an informed property decision

    Affordable Luxury Condos

    Wallich Residence

    In the heart of the Central Business District, Wallich Residence offers a prestigious address and easy access to Singapore’s financial hub. Completed in 2017, 181 units are available, ranging from one to four-bedroom apartments. With top-notch facilities and stunning views, you can enjoy the high life without breaking the bank.

    The Nassim

    Situated in the exclusive District 10, The Nassim offers a serene environment away from the hustle and bustle of the city. Completed in 2015, this luxury condo features 55 units with different layouts to suit your preferences. With its prime location and exceptional facilities, you can experience the epitome of luxury living at a fraction of the cost.

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    Le Nouvel Ardmore

    Le Nouvel Ardmore, located in the prestigious Ardmore Park, raises the bar for luxury condo living. Completed in 2014, it features 43 units with high-end facilities, ensuring a comfortable yet opulent lifestyle. Despite its limited number of units, you can still secure one of these exquisite homes at a competitive price.

    The Sail @ Marina Bay

    Live at the heart of Singapore’s Marina Bay district at The Sail @ Marina Bay. Completed in 2007, this iconic development offers 1,111 units with various layouts, catering to different budgets. With stunning waterfront views and excellent facilities, The Sail offers an affordable luxury experience in a prime location.

    Amber Skye

    Amber Skye showcases 109 units completed in 2017 in the charming East Coast district. Its unique architecture, luxury fittings, and close proximity to various amenities make it a sought-after development for those looking for an affordable yet sophisticated lifestyle.

    The Interlace

    Acclaimed as an architectural masterpiece, The Interlace redefines luxury living. Completed in 2013 and strategically situated in Alexandra, it boasts 1,040 units amidst lush landscapes and comprehensive facilities. With a wide array of options, you can find your dream home at a reasonable price.

    Ardmore Park

    Ardmore Park, located in the prestigious District 10, offers a luxury experience in a serene environment. Completed in 2001, are 330 units available with various layouts and sizes. Known for its lush greenery and exceptional facilities, Ardmore Park is an excellent choice for those seeking affordable luxury condos in Singapore.

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    Essential Factors in Choosing a Luxury Condo

    Price PSF

    When looking for a luxury condo that you can afford, it’s essential to consider the property’s price per square foot (PSF). This metric helps you compare different condos and assess their value for money. Some luxury condominiums in Singapore may have a lower price PSF but offer similar amenities and location advantages as others with a higher PSF, making them more affordable.

    Tenure

    Another crucial factor is the property’s tenure, either freehold or leasehold. Freehold properties give you ownership indefinitely, while leasehold properties have a fixed term of 99 or 999 years. As a buyer, you should weigh your options depending on your investment goals and financial capacity. Freehold properties typically have a higher premium but offer long-term security, while leasehold properties may be more affordable with a lower entry cost.

    District

    The district in which the luxury condominium is located significantly affects its affordability. In Singapore, areas within the Core Central Region (CCR), such as Districts 1, 2, and 9, are home to many luxurious properties, but the cost might be higher due to their prime location. If you wish to find a more affordable option, consider looking in other districts that offer excellent amenities, connectivity, and potential for capital appreciation.

    HDB Flat Conversion

    For those considering alternative options, converting a Housing and Development Board (HDB) flat into an executive condominium (EC) could be a more budget-friendly choice. While ECs may not provide the same level of luxury or exclusivity as private condos, they offer similar amenities, and their prices are generally more attractive. Additionally, ECs are subject to government subsidies and lower interest rates, making them an attractive option for buyers seeking more affordable luxury housing.

    When searching for a luxury condo in Singapore that you can afford, it’s essential to consider factors such as price PSF, tenure, district, and alternatives such as HDB flat conversions. By considering these factors, you can make informed decisions and find a property that suits your budget and preferences.

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    Amenities and Facilities

    Fitness and Sports

    As a resident of a luxury condo in Singapore, you can expect top-notch fitness and sports amenities. Most of these condos provide a well-equipped gym, swimming pool, jacuzzi, fitness corner, and sauna to help you maintain a healthy lifestyle. For sports enthusiasts, tennis courts and playgrounds are often available, catering to the needs of both adults and kids. The BBQ area is also perfect for social gatherings with friends and family or to enjoy a weekend cookout.

    Security and Privacy

    Luxury condos in Singapore prioritise your security and privacy. These private properties typically have 24/7 security services and controlled access systems, ensuring a safe and protected environment for you and your loved ones. Moreover, the spacious living areas and the thoughtful design of each unit allow for greater privacy, giving you the peace of mind to experience comfortable living.

    Urban Living Elements

    Singapore’s luxury condos are conveniently located near urban living amenities. Many are just minutes away from Orchard MRT, making it easy for you to access shopping malls, dining options, and entertainment venues. Furthermore, these condos often feature beautiful landscaping, creating a serene atmosphere amidst the city’s bustle.

    Regarding education, top schools like United World College of South East Asia (UWCSEA), the National University of Singapore, Fairfield Methodist Primary and Secondary School, and Tanglin Trust School are situated nearby, providing excellent education options for your children.

    Here’s a quick look at some of the key amenities you can expect in a luxury condo:

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    • Fitness and sports: Gym, swimming pool, jacuzzi, fitness corner, tennis court, playground, BBQ area, sauna
    • Security and privacy: 24/7 security, controlled access, private property, spacious living spaces
    • Urban living elements: Proximity to Orchard MRT, beautiful landscaping, easy access to shopping and dining options, top schools nearby

    Choosing a luxury condo in Singapore allows you to enjoy a comfortable and convenient lifestyle that caters to all your needs.

    Condo Connectivity and Accessibility

    When looking for a luxury condominium that fits your budget in Singapore, focusing on those within the Core Central Region (CCR) is an excellent strategy. Condos located in this area typically offer excellent connectivity and accessibility, significantly enhancing your quality of life.

    Urban living in Singapore is about convenience. Many luxury condos within reach are situated close to key MRT stations, making your daily commutes hassle-free. Orchard Road is a prime location with malls, dining, and entertainment options. Luxury condos near this shopping belt, like 8 St Thomas, offer easy access to Somerset MRT, Orchard MRT, and the upcoming Great World City MRT station.

    Marina Bay is another upscale area with top-notch condos at affordable prices. The proximity to Marina Bay MRT and Downtown MRT stations ensures seamless connectivity to other parts of Singapore. At the same time, the iconic Marina Bay Sands, Gardens by the Bay, and The Esplanade add a touch of glamour to your surroundings.

    For those seeking waterfront living, look for luxury condos near VivoCity. This shopping mall offers a variety of retail, dining, and entertainment options. Furthermore, the HarbourFront MRT station near the mall connects you to the North-East and Circle MRT Lines, providing easy access to various parts of Singapore.

    To sum up, regardless of the specific luxury condo you choose, focus on these key aspects:

    • Proximity to MRT stations for seamless connectivity
    • Access to amenities, shopping, dining, and entertainment options in prime areas like Orchard Road and Marina Bay
    • Affordability without compromising on style, comfort, and convenience

    Considering these factors, you can find and enjoy the perfect luxury condo in Singapore that fits your budget and lifestyle.

    Financing and Eligibility

    Ownership Restrictions

    Before diving into financing options for luxury condos in Singapore, it’s essential to understand the ownership restrictions. Most luxury properties are found in the Core Central Region (CCR), primarily targeting local and Singaporean Permanent Residents (PRs). Foreigners interested in purchasing luxury condos should consider those in the Outside Central Region (OCR).

    Financing Options

    Financing a luxury condo in Singapore can be approached through bank loans, CPF savings, and down payments. Assessing your financial eligibility and understanding the relevant financing options that cater to your needs is crucial.

    Bank Loan: The amount you can borrow from a bank is subject to the Total Debt Servicing Ratio (TDSR), which limits the loan amount to 60% of your monthly salary. With a good credit score, you may secure a competitive interest rate. However, be prepared for variations in interest rates throughout the loan tenure, depending on market fluctuations.

    CPF Savings: You can use your CPF Ordinary Account (OA) to finance up to 20% of the property value. The CPF savings can be used for the down payment and monthly instalments, potentially reducing the loan amount needed from the bank. However, be aware that your CPF account may decrease in cash flow as your savings are utilised for the property purchase.

    Down Payment: A down payment is essential when purchasing a property, usually ranging from 20% to 30% of the property value. The remaining amount can be financed through a bank loan. Remember that at least 5% of the down payment must be in cash.

    When purchasing a luxury condo in Singapore, consider the financing options and eligibility requirements carefully. By understanding the ownership restrictions and evaluating your financial standing, you can confidently invest in a property that adds value to your wealth and lifestyle.

    Luxury Condo Market Trends

    In today’s competitive property market, you may notice the vibrant growth of luxury condominiums in Singapore as a preferred choice for urban living. Luxury condo prices have steadily increased, driven primarily by demand from high-income residents and foreign investors. Despite rising prices, it’s still possible to find affordably-priced luxury condos that cater to various income brackets.

    The COVID-19 pandemic briefly impacted the condominium market in Singapore, but as the situation stabilised, sales of million-dollar units continued to increase. This resilience has positioned Singapore’s luxury condo market as an attractive investment channel, reinforcing the Singaporean dream of upscale urban living.

    The stability of Singapore’s mortgage rates, coupled with government support of the housing market during the pandemic, has made buying luxury condos in 2023 more accessible. In this thriving environment, you can make well-informed decisions to secure your dream luxury condominium within your budget. Several upcoming luxury condominiums in prime locations offer various price points and facilities.

    Here are some actionable tips for finding an affordable luxury condo in Singapore:

    • Study the condominium market trends and compare private property prices of various luxury condos. Use online resources such as top condo rankings by price per square foot (psqft) to find a condo that suits your budget.
    • Conduct thorough research on investment potentials and returns, keeping in mind factors like location, amenities, and the reputation of developers.
    • In pursuing your Singaporean dream, avoid common scams such as overly exaggerated or false claims by unscrupulous property agents. Cross-verify information from multiple sources and seek professional advice if needed.
    • Be prepared to explore less conventional areas of Singapore, such as emerging luxury districts or mixed-use developments. This may offer you unique opportunities to purchase luxury condos at more affordable rates.

    With diligence and astute market knowledge, you can navigate Singapore’s luxury condominium market and secure your perfect urban sanctuary.

    Luxury Condos in Singapore You Can Actually Afford: Final Thoughts

    Imagine waking up in a prestigious address, surrounded by top-notch amenities, and enjoying a serene environment—all without stretching your budget. With our selection of Singapore’s top 10 affordable luxury condos, you can turn this dream into a reality. Discover the perfect blend of elegance, style, and convenience while experiencing high life at a fraction of the cost.

    Each of these carefully curated condos offers a range of benefits that will enhance your quality of life. Every detail has been designed to provide comfort, security, and privacy, from well-equipped fitness centres and swimming pools to lush landscapes and controlled access systems. Proximity to vibrant shopping districts, dining options, and renowned schools ensures you have everything you need.

    Make an informed decision by exploring essential factors like price per square foot, tenure options, and alternative HDB flat conversions. We’ve researched for you, so you can confidently choose a luxury condo that fits your budget and meets your preferences.

    Live the lifestyle you deserve without compromise. Experience affordable luxury living in Singapore with these exceptional condos. Don’t wait—start your journey towards upscale urban living today.

    Before you go…

    If you’re looking to move to Singapore to buy a luxury condo, make sure you check out our Ultimate Guide to Moving to Singapore for everything you need to know before you leap!

    Luxury Condos in Singapore You Can Actually Afford: Frequently Asked Questions

    What are the key features of affordable luxury condominiums in Singapore?

    Affordable luxury condominiums in Singapore offer a blend of upscale amenities and prime locations while still within your budget. These properties often include high-quality fixtures and fittings, modern designs, and well-managed facilities. They may also provide access to communal spaces such as swimming pools, gyms, and function rooms. By carefully considering your priorities and preferences, you can find a luxury condo that meets your needs without breaking the bank.

    How do the facilities in these condos compare to other high-end properties?

    Although affordable luxury condos may not have the extensive range of facilities as their more expensive counterparts, they still provide you with a well-rounded living experience. These condominiums generally feature essential amenities like swimming pools, gyms, and landscaped gardens, while some may also provide additional facilities like tennis courts or barbecue pits. Comparatively, they may lack ultra-luxe features like private lifts or signature concierge services in top-tier properties.

    Are there any significant differences in location and accessibility?

    Affordable luxury condos in Singapore can be found in various locations, from prime districts to residential suburbs. While they may not always be in the most prestigious areas, they usually offer good accessibility to public transport, shopping centres, and other essential amenities. When choosing a property, you should consider factors such as commute time, proximity to schools, and overall neighbourhood atmosphere based on your preferences and priorities.

    What kind of price range can be expected from these luxury condos in Singapore?

    The price range for affordable luxury condos in Singapore can vary depending on location, size, and facilities. Typically, these properties start from around S$1 million and can go up to several million dollars, depending on your budget and preferences. Researching the market and consulting with property agents to find options that best suit your financial needs while offering the desired level of luxury is essential.

    Which of these condos offers the best rental potential in Singapore?

    Some affordable luxury condos may offer excellent rental potential, attracting tenants looking for high-quality properties within their budgets. To maximise your rental returns, consider factors like location, nearby amenities, and the reputation of the condominium’s developer. You may also want to look for properties with unique selling points or desirable features like proximity to international schools or key business districts.

    Do any of these properties have notable freehold status?

    While not all affordable luxury condos in Singapore come with freehold status, some offer this appealing feature. Freehold properties can often be more attractive to buyers and tenants due to their long-term ownership and potential for capital appreciation. When searching for a luxury condo you can afford, consider whether freehold status is a priority and be prepared to weigh this against other features like location and facilities.

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    Annie Goh

    Annie Goh was born and raised in Singapore, and grew up on a steady diet of hawker food, fine dining, and everything in between thanks to her parent's passion for food and adventure. After spending the early part of her career travelling the world, Annie has now come home to share her love of Singapore with the world.

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