Square Foot Research Singapore

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THE OLD HOUSE

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Project Information

Project Name

THE OLD HOUSE

Street Name

Upper Serangoon Road

Property Type

Apartment

Tenure

Freehold

District / Planning Area

D19 / Hougang

Completion

2003

Number of units

6 units

Indicative price range / Average*

-

Indicative rental range / Average*

-

Implied rental yield

-

Historical high

S$ 1,469 psf in Mar 2023 for a 1,130-sqft unit

Indicative average price from historical high

-

Historical low

S$ 415 psf in Oct 2005 for a 1,830-sqft unit

Buyer profile by status#

Singaporean 91.7%, PR 8.3%, Foreigner 0.0%, Company 0.0%

Buyer profile by purchaser address#

HDB 33.3%, Private 66.7%

Note: *Based on contracts in the last 6 months. #Based on all available caveats, it does not represent the breakdown of current owners.

Location

Transaction Prices, Rents, Trends and Analysis

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Nearby properties

Price Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Rental Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Price and rental comparisons (Up to 10)

Note: Excludes properties with no transactions in the past 6 months, except for Subject Property. *Prices and rentals are based on data in the past 6 months. If Subject Property does not have transactions during this period, data shown is from the 6-month period from last transaction date.
Source: https://www.squarefoot.com.sg
Marker Project Tenure Completion Distance
(m)
Lowest price*
(S$ psf)
Average price*
(S$ psf)
Highest price*
(S$ psf)
Lowest rental*
(S$ psf pm)
Average rental*
(S$ psf pm)
Highest rental*
(S$ psf pm)
Rental yield
(%)
THE OLD HOUSE Freehold 2003 - 1,469 1,469 1,469 2.91 3.07 3.22 2.5
STARS OF KOVAN 99 yrs FROM 2015 2019 161 1,629 1,768 1,848 4.93 5.57 6.55 3.8
FIORENZA Freehold 2011 191 1,312 1,312 1,312 - - - -
THE TEMBUSU Freehold 2016 282 1,858 1,858 1,858 2.64 5.12 7.11 3.3
KOVAN REGENCY 99 yrs FROM 2012 2015 299 1,078 1,519 1,772 1.89 5.01 7.09 4.0
KOVAN RESIDENCES 99 yrs FROM 2007 2011 303 1,283 1,447 1,561 3.14 4.39 5.29 3.6
THE FLORENCE RESIDENCES 99 yrs FROM 2018 2023 373 1,486 1,769 1,915 - - - -
FORTUNE PARK Freehold 1996 395 1,220 1,220 1,220 3.04 3.33 3.52 3.3
ISUITES @ TANI 999 Yrs FROM 1883 2012 451 1,390 1,390 1,390 3.81 5.34 6.22 4.6
TRILIVE Freehold 2018 459 1,760 1,800 1,839 4.15 5.34 6.67 3.6

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

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Status Name Location Land attributes Estimated Breakeven

on 26 Jan 2012

(Now known as Kovan Regency)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 16,994.1
Site GFA (sqm) 35,688.0
Highest bid ($m) 194.6
Highest bid ($psf) 506.6
Number of bids 11
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Hoi Hup & Investment Focus & Oriential Worldwide

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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