PARC VERA
HOUGANG STREET 32 · District 19 · 99 yrs lease commencing from 2010
Median Price
S$1.2M
Price Range
S$790K - S$3.2M
Tenure
Leasehold
Avg Rent
S$4.11 psf
What is the price of PARC VERA?
The median transaction price at PARC VERA is S$1,225,000, based on 85 URA-recorded transactions. Prices range from S$790K to S$3.2M. PARC VERA is a leasehold development on HOUGANG STREET 32 in District 19 (Serangoon/Hougang). High-floor units cost 128% more than low-floor units. Average rent is S$4.11 per square foot per month.
PARC VERA Price Analysis
PARC VERA is a leasehold development on HOUGANG STREET 32 in District 19 (Serangoon/Hougang). According to URA transaction records, 85 private residential transactions have been recorded at this development, with a median price of S$1,225,000. Prices range from S$790K for the smallest units to S$3.2M for premium configurations.
The development offers units across 5 size categories. The most traded segment is 1-bed (50-70 sqm) at a median of S$905,000. Larger units (5+ bed (170+ sqm)) trade at S$3,100,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at PARC VERA. High-floor units (16-20) command a median of S$2,710,000, while low-floor units (01-05) sell for S$1,187,500. That is a 128% premium for higher floors, worth S$1.5M in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, PARC VERA commands an average of S$4.11 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 3.5%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| 1-Bed (50-70 sqm) | S$905K | 66 sqm | 5 |
| 2-Bed (70-100 sqm) | S$1.0M | 76 sqm | 49 |
| 3-Bed (100-130 sqm) | S$1.5M | 107 sqm | 28 |
| 4-Bed (130-170 sqm) | S$1.9M | 131 sqm | 5 |
| 5+ Bed (170+ sqm) | S$3.1M | 307 sqm | 7 |
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What is the average price of PARC VERA?
The median transaction price at PARC VERA is S$1,225,000, based on 85 URA-recorded transactions. Prices range from S$790K to S$3.2M.
Does floor level affect prices at PARC VERA?
Yes. High-floor units (16-20) sell for a median of S$2,710,000, while low-floor units (01-05) sell for S$1,187,500. That is a 128% premium for higher floors.
What is the rental rate at PARC VERA?
The average rental rate at PARC VERA is approximately S$4.11 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.