District 19 · Hougang · OCR
Parkwood Residences
Yio Chu Kang Road · Apartment · 99 yrs lease commencing from 2018
Current PSF
$0
-100.0% vs district median
Gross yield
-
median rent $3,950/mo
3-year gain
0.0%
Transactions · 5y
17
0 in last 12 months
Nearest MRT
Kovan Mrt Station · 1,245.164m
NEL
Future MRT
Serangoon North Mrt Station
CRL · 2030
Vs local HDB
-
HDB median $608 psf
Area income
$8,500/mo median
residential zone
En-bloc potential23 / 100
8 years old · composite of plot use, age, tenure, value gap & size
Lease decay91 years left
worth 94.8%of freehold today (Bala’s Table) · loses ~3.4pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
-
flip ratio, last 24 months
Price spread
-
PSF dispersion within project
The neighbourhood
P1 ring
Rosyth School 710m · Phase 2C 3.1× balloted · Xinmin Primary School 969m · Phase 2C 1.6× balloted · Zhonghua Primary School 971m · Phase 2C 0.1× · Learning Studio By Zenitant (Zhonghua Primary School) 971m - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Bowen Secondary School · 470m
Food
Chomp Chomp Food Centre · 1.1km
Green
Parry Rd Pg · 187m - 5 parks within 1km
Mall
Heartland Mall-Kovan · 1.3km
Health
Hougang Polyclinic (polyclinic) · 1.5km
Who lives in Hougang
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
227,560
Median age
43 yrs
46% under 40 · getting older
Children 0–9
18,560
▲ 1% since 2015 · future P1 demand
Household size
3.3 avg
Homes
75% HDB
13% condo · 10% landed
Degree holders
29%
residents 15+
Commute
59% transit
21% drive
45 min+ to work
30%
Price trend average PSF by year
2021
$1,442
2022
$1,567
+8.7%
2023
$1,860
+18.7%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 3BR | $4,000/mo | $3.81 | - | 6 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| May 2023 | $1,782,000 | 958 | $1,860 | 01-05 |
| Oct 2022 | $1,474,338 | 936 | $1,574 | 01-05 |
| Sept 2022 | $1,618,513 | 1,076 | $1,504 | 01-05 |
| Sept 2022 | $1,431,875 | 936 | $1,529 | 01-05 |
| Aug 2022 | $1,604,000 | 990 | $1,620 | 01-05 |
| Aug 2022 | $1,508,000 | 861 | $1,751 | 01-05 |
| Jul 2022 | $1,613,000 | 1,023 | $1,577 | 01-05 |
| Jul 2022 | $1,580,593 | 1,044 | $1,514 | 01-05 |
| Jul 2022 | $1,451,000 | 936 | $1,549 | 01-05 |
| Jun 2022 | $1,636,000 | 1,033 | $1,583 | 01-05 |
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More in District 19
The HDB blocks next door
The entry point, measured: what the resale flats around Parkwood Residences actually sell for - this project trades at 0.0× the nearest block’s PSF.