Singapore, 15 Dec 2021 New Build-to-Order (BTO) flats are being planned for development at Alexandra, near Redhill MRT station.
The site is bounded by Alexandra Road, Prince Charles Crescent and Alexandra Canal and sits along the Alexandra Park Connector.
Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, noted that some may find these flats attractive as they have the “potential to yield good investment or rental returns”.
New condominium units in the area are transacting at a median price of $2,280 per square foot (psf), which comes up to around $2 million for a 900 sq ft unit, which is roughly the size of a four-room BTO unit, she said.