With private property prices in Singapore on the rise, finding a high-quality condo under $2 million near an MRT station feels like discovering a rare gem. First-time homebuyers, upgraders, and savvy investors are all on the hunt for that perfect balance between price, location, and long-term value.
Among the newest contenders, Springleaf Residence and Promenade Peak are making headlines. Both developments are priced within the coveted sub-$2M range, each offering distinct advantages depending on your lifestyle and goals.
But the big question is: which condo gives you the best value under $2 million?
Let’s take a closer look at both and help you decide where your money will go further.
What Does “Value” Really Mean in Property?
Before we compare the two condos, let’s define what “value” means in this context. It’s not just about the cheapest price. A truly valuable condo provides:
- Location near transport hubs (like MRT stations)
- Good layout and unit efficiency
- Long-term appreciation potential
- Desirable surroundings and amenities
- Ownership type—freehold vs. leasehold
Now let’s see how Springleaf Residence stacks up.
What You Get for Under $2M at Springleaf Residence
Located along the Thomson-East Coast Line and just a few minutes’ walk from Springleaf MRT, Springleaf Residence offers a peaceful and exclusive living environment, perfect for homeowners seeking long-term stability.
1. Freehold for Under $2M
In today’s market, finding a freehold property under $2M near an MRT station is almost unheard of. Yet, Springleaf Residence delivers exactly that. For many buyers, this alone puts it ahead of the competition. You’re not just buying a home—you’re buying permanent ownership with long-term security.
2. Quiet, Green Environment
Located in a low-density residential enclave, this condo offers tranquility that’s hard to find in more urban developments. For nature lovers or families looking for a more relaxed pace of life, this setting is a huge advantage. You’ll also be near parks like Springleaf Nature Park and Upper Seletar Reservoir.
3. Spacious Layouts
Units here are thoughtfully designed with functionality in mind. You’re getting usable space, not just flashy showflat features. The boutique nature of the development also means fewer residents, more privacy, and a true sense of exclusivity.
4. MRT Connectivity
Springleaf MRT links easily to Orchard, Marina Bay, and Shenton Way, making commuting to the city a breeze. You get peace without losing access to the urban core.
What Under $2M Buys You at Promenade Peak
If vibrant, city-fringe living is more your style, Promenade Peak offers excellent value in one of the most well-connected parts of Singapore. This 99-year leasehold development is located near Aljunied MRT on the East-West Line—one of the busiest and most direct routes across the island.
1. City-Fringe Location
Living near Aljunied gives you fast access to the CBD, Paya Lebar, Bugis, and even Changi Airport. Whether you’re commuting to work, meeting friends for dinner, or catching a flight, everything is nearby. For those who prioritise convenience and accessibility, this is a major plus.
2. Attractive Entry Price
As a leasehold condo, Promenade Peak offers units under $2M with slightly lower price points than freehold developments. That makes it a smart choice for first-time buyers or investors with a limited budget who still want central access and modern living.
3. High Rental Demand
Thanks to its central location, the rental market around Aljunied is always active. Investors can enjoy strong yield potential, especially when targeting working professionals or international students.
4. Urban Living with Facilities
From rooftop lounges and co-working spaces to swimming pools and BBQ pits, Promenade Peak offers everything you’d expect from a stylish modern condo—ideal for singles, young couples, or digital nomads.
Comparing the Value
Let’s compare both side by side in terms of what you get for under $2M:
| Feature | Springleaf Residence | Promenade Peak |
| Tenure | Freehold | 99-year leasehold |
| MRT Proximity | 5 mins to Springleaf (TEL) | 5 mins to Aljunied (EWL) |
| Location | Suburban, quiet, green | Central, vibrant, urban |
| Entry Price | From ~$1.6M+ | From ~$1.4M+ |
| Rental Potential | Moderate | High |
| Appreciation | Long-term strength | Strong in first 10–15 years |
| Lifestyle | Nature, peace, privacy | Convenience, energy, access |
So, Which Offers Better Value?
Choose Springleaf Residence if you:
- Want a freehold home under $2M
- Prefer quiet, suburban surroundings near nature
- Plan to live in the property long-term
- Value space, privacy, and ownership security
Choose Promenade Peak if you:
- Prefer city-fringe living close to everything
- Want a lower entry price with strong rental yield
- Are looking for short- to mid-term investment value
- Enjoy vibrant, modern condo facilities
Final Thoughts
In a market where condos under $2 million are becoming increasingly rare, both Springleaf Residence and Promenade Peak represent excellent value in their own unique ways.
Springleaf Residence gives you long-term freehold ownership in a tranquil neighborhood with great MRT access.
Promenade Peak offers unbeatable convenience, strong rental potential, and a more affordable entry point into city-fringe living.
Whether you’re a homeowner looking for stability or an investor seeking returns, you can’t go wrong with either—just choose the one that best fits your lifestyle and future plans.
