Property Market in Serangoon Garden

Serangoon Garden offers more accessible private property compared to the city-wide average. According to URA transaction records from 2022 to 2025,D19 has recorded 15,865 private residential transactions, making it one of the most actively traded districts in Singapore. The median condominium and apartment price stands at S$1.4M, which is 19% below the Singapore-wide median of S$1.7M.

Serangoon Garden Estate is a residential estate in the Serangoon district of the North-East Region of Singapore.

The private residential market in Serangoon Garden spans 9 property categories. Apartments dominate with 5,182 transactions at a median of S$1.3M, while condominiums trade at S$1.5M. The distinction between condominiums and apartments in Singapore is largely regulatory (condominiums must meet a minimum land area of 4,000 sqm and include recreational facilities), but prices also reflect differences in unit size and development scale.

Serangoon Garden also has an active landed property segment. Terrace houses trade at a median of S$3.8M, semi-detached homes at S$5.2M, and detached houses at S$7.1M. Landed properties in Serangoon Garden offer an alternative to high-rise living at prices that vary significantly with plot size and condition.

Tenure is a defining factor in Serangoon Garden's property pricing. Freehold properties trade at a median of S$2.1M, while 99-year leasehold units trade at S$1.4M. That is a 48% premium for freehold, or approximately S$665K more in absolute terms.

On a per-square-metre basis, the gap narrows somewhat: freehold at S$17,558/sqm versus leasehold at S$16,170/sqm. For buyers weighing freehold versus leasehold in Serangoon Garden, the key question is time horizon. Freehold properties hold value over decades and face no lease decay, but new 99-year leasehold developments often offer modern facilities and layouts at a lower entry price. New leasehold launches have been active in Serangoon Garden, with 12,615 transactions versus 2,216 freehold.

For condominiums and apartments in Serangoon Garden, floor level creates a measurable price gradient. Units on floors 21-25 sell for a median of S$2.4M, while units on floors 11-15 sell for S$1.4M. That is a 80% premium for higher floors, worth approximately S$1.1M per unit.

In Serangoon Garden, the high-floor premium reflects better ventilation, natural light, reduced noise, and improved views. Buyers targeting a specific development can use this gradient to estimate how much they save by choosing a mid-floor unit instead of a top-floor one.

Rental rates in Serangoon Garden average S$6.03 psf per square foot per month, placing the district above-average rental rates, indicating solid demand from both local and expatriate tenants. The highest rents are commanded by PARK RESIDENCES KOVAN at S$7.60 psf.

The rental spread within Serangoon Garden runs from S$5.49 psf at AFFINITY AT SERANGOON to S$7.60 psf at PARK RESIDENCES KOVAN. This range reflects differences in development age, finish quality, proximity to MRT, and whether the unit is furnished. Investors evaluating gross rental yield in Serangoon Garden should compare these rates against the purchase price per square foot to assess returns.

The most actively traded development in Serangoon Garden is THE FLORENCE RESIDENCES on HOUGANG AVENUE 2, with 796 URA-recorded transactions at a median of S$1,258,000. CHUAN PARK follows with 763 transactions at S$2,357,744.

High transaction volumes typically indicate active secondary markets with good liquidity. Buyers who may need to sell within a few years should consider developments with proven resale activity, as these tend to attract a broader pool of buyers when the time comes.

In pricing terms, Serangoon Garden sits closest to Hillview (S$1.4M), Geylang (S$1.3M), Tampines (S$1.3M). Buyers looking for a lower entry point could consider Kranji at S$1.1M, which is 27% cheaper. Those with a larger budget might look at Telok Blangah at S$2.6M.