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Condo prices · D19

The Garden Residences

Serangoon North View · D19 · Outside central region · Apartment

The median sale at The Garden Residences was $1,260,000 — $1,822 psf — across 221 transactions between Dec 2021 and Oct 2026. 99-year lease from 2017.

Median price
$1,260,000
221 sales in the window.
Median per sq ft
$1,822 psf
Median unit 689 sq ft.
Lease remaining
90 years
99-year lease from 2017

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$1,167
$1,260,000 over 90 years remaining.
Per sq ft per year
$20.32
What a square foot of this development costs for one year of lease.
Lease expires
2116
9 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

New sales, sub-sales and resales

A new sale is bought from the developer at a list price; a resale is negotiated. The gap between them is the clearest read on how much of a launch price is the launch.

Kind of saleMedian pricePer sq ftSales
Sub-sale$1,105,000$1,794 psf2
Resale$1,260,000$1,822 psf219

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021one sale$1825
  • 202213 sales$1763
  • 202332 sales$1770
  • 202475 sales$1815
  • 202573 sales$1836
  • 202627 sales$1887
Show the figures
YearMedian pricePer sq ftSales
2021$825,000$1,825 psf1
2022$1,210,000$1,763 psf13
2023$997,500$1,770 psf32
2024$1,375,000$1,815 psf75
2025$1,380,000$1,836 psf73
2026$1,290,000$1,887 psf27

What it rents for

URA’s median of rental contracts lodged at The Garden Residences in 2026Q3, per square foot per month.

Median rent per sq ft
$5.81
A month. Middle half of contracts ran $5.37 to $6.19.
Gross yield
3.83%
A year of median rent against the median sale price.
Median sale per sq ft
$1,822 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D19

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.