THE FLORENCE RESIDENCES
HOUGANG AVENUE 2 · District 19 · 99 yrs lease commencing from 2018
Median Price
S$1.3M
Price Range
S$720K - S$3.3M
Tenure
Leasehold
Avg Rent
S$5.37 psf
What is the price of THE FLORENCE RESIDENCES?
The median transaction price at THE FLORENCE RESIDENCES is S$1,258,000, based on 796 URA-recorded transactions. Prices range from S$720K to S$3.3M. THE FLORENCE RESIDENCES is a leasehold development on HOUGANG AVENUE 2 in District 19 (Serangoon/Hougang). High-floor units cost 8% more than low-floor units. Average rent is S$5.37 per square foot per month.
THE FLORENCE RESIDENCES Price Analysis
THE FLORENCE RESIDENCES is a leasehold development on HOUGANG AVENUE 2 in District 19 (Serangoon/Hougang). According to URA transaction records, 796 private residential transactions have been recorded at this development, with a median price of S$1,258,000. Prices range from S$720K for the smallest units to S$3.3M for premium configurations.
The development offers units across 6 size categories. The most traded segment is studio (<50 sqm) at a median of S$850,000. Larger units (5+ bed (170+ sqm)) trade at S$2,681,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at THE FLORENCE RESIDENCES. High-floor units (16-20) command a median of S$1,307,944, while low-floor units (11-15) sell for S$1,216,444. That is a 8% premium for higher floors, worth S$92K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, THE FLORENCE RESIDENCES commands an average of S$5.37 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 4.4%.
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 |
|---|---|---|---|
| Studio (<50 sqm) | S$850K | 46 sqm | 122 |
| 1-Bed (50-70 sqm) | S$1.2M | 61 sqm | 330 |
| 2-Bed (70-100 sqm) | S$1.6M | 86 sqm | 211 |
| 3-Bed (100-130 sqm) | S$2.1M | 115 sqm | 79 |
| 4-Bed (130-170 sqm) | S$2.6M | 154 sqm | 51 |
| 5+ Bed (170+ sqm) | S$2.7M | 178 sqm | 3 |
Current Listings
2-Bed sale
Joey Chua · PROPNEX REALTY PTE. LTD.
5-Bed sale
Dexter Tan · PROPNEX REALTY PTE. LTD.
2-Bed sale
Andrew Wong · PROPNEX REALTY PTE. LTD.
3-Bed sale
Algin Ng · PROPNEX REALTY PTE. LTD.
2-Bed sale
Ice Tham · SRI PTE. LTD.
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What is the average price of THE FLORENCE RESIDENCES?
The median transaction price at THE FLORENCE RESIDENCES is S$1,258,000, based on 796 URA-recorded transactions. Prices range from S$720K to S$3.3M.
Does floor level affect prices at THE FLORENCE RESIDENCES?
Yes. High-floor units (16-20) sell for a median of S$1,307,944, while low-floor units (11-15) sell for S$1,216,444. That is a 8% premium for higher floors.
What is the rental rate at THE FLORENCE RESIDENCES?
The average rental rate at THE FLORENCE RESIDENCES is approximately S$5.37 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.