D19 Serangoon/Hougang

THE FLORENCE RESIDENCES

Q: 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.

Q: 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.

Q: 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.

HOUGANG AVENUE 2 · District 19 · 99 yrs lease commencing from 2018

Median Price

S$1.3M

796 transactions

Price Range

S$720K - S$3.3M

Tenure

Leasehold

99 yrs lease commencing from 2

Avg Rent

S$5.37 psf

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

16-20

S$1.3M

198 txns

06-10

S$1.3M

182 txns

01-05

S$1.2M

176 txns

11-15

S$1.2M

240 txns

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.

S$1.2M

5-Bed sale

Dexter Tan · PROPNEX REALTY PTE. LTD.

S$3.5M

2-Bed sale

Andrew Wong · PROPNEX REALTY PTE. LTD.

S$1.6M

3-Bed sale

Algin Ng · PROPNEX REALTY PTE. LTD.

S$2.0M

2-Bed sale

Ice Tham · SRI PTE. LTD.

S$1.5M

FAQ

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.