District 19 · Hougang · OCR
The Promenade@Pelikat
Jalan Pelikat · Apartment · Freehold
Current PSF
$1,283
-17.1% vs district median
Gross yield
5.1%
median rent $2,600/mo
3-year gain
-8.0%
Transactions · 5y
48
6 in last 12 months
Nearest MRT
Kovan Mrt Station · 621.711m
NEL
Future MRT
Defu Mrt Station
CRL · 2030
Vs local HDB
+111% premium
HDB median $608 psf
Area income
$8,500/mo median
commercial zone
En-bloc potential39 / 100
· composite of plot use, age, tenure, value gap & size
Tenanted
100%
units with active leases
Rent momentum
+17.8%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
13%
PSF dispersion within project
The neighbourhood
P1 ring
Xinghua Primary School 397m · Phase 2C 0.3× · Paya Lebar Methodist Girls' School (Primary) 652m · Phase 2C 1.2× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Yuying Secondary School · 329m
Food
Hougang Ave 1 Blk 105 (Hougang 105 Hainanese Village Centre) · 287m - 2 hawker centres within 1km
Green
Aroozoo Ave Pg · 219m - 5 parks within 1km
Mall
Heartland Mall-Kovan · 556m
Health
Serangoon Polyclinic (polyclinic) · 1.6km
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%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
Price trend average PSF by year
2021
$1,109
2022
$1,316
+18.7%
2023
$1,395
+6%
2024
$1,462
+4.8%
2025
$1,315
-10.1%
2026
$1,283
-2.4%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $2,450/mo | $5.44 | 5.1% | 154 |
| 2BR | $3,200/mo | $3.37 | 3.2% | 85 |
| 3BR | $3,500/mo | $3.68 | 3.4% | 11 |
| 4BR | $5,200/mo | $4.16 | 3.9% | 3 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jun 2026 | $1,268,000 | 947 | $1,339 | 01-05 |
| Jun 2026 | $1,228,000 | 926 | $1,327 | 01-05 |
| Jun 2026 | $1,050,000 | 893 | $1,175 | 01-05 |
| May 2026 | $1,388,800 | 1,216 | $1,142 | 01-05 |
| Apr 2026 | $700,000 | 452 | $1,548 | 01-05 |
| Feb 2026 | $1,070,000 | 915 | $1,169 | 01-05 |
| Jun 2025 | $1,188,000 | 969 | $1,226 | 01-05 |
| Apr 2025 | $1,100,000 | 926 | $1,188 | 01-05 |
| Mar 2025 | $791,688 | 517 | $1,532 | 01-05 |
| Nov 2024 | $768,000 | 484 | $1,586 | 01-05 |
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More in District 19
The HDB blocks next door
The entry point, measured: what the resale flats around The Promenade@Pelikat actually sell for - this project trades at 2.2× the nearest block’s PSF.