Nicon Gardens
Nicon Gardens is a 99-year lease (54 yrs left) condominium development in District 23 (Bukit Batok / Bukit Panjang / Choa Chu Kang). It has 6 recorded private transactions. Latest sale: $1,850,000 (Dec 2024, 185 sqm). Median $911/sqft. Prices up 40% over the period. 54 years lease remaining.
Where Nicon Gardens ranks in District 23
All 73 projects ›Median psf over time
Estimate a unit at Nicon Gardens
Based on URA transactions for this development. Pick a floor band and unit size.
Projection blends market growth with Bala's Table lease decay. Past growth does not guarantee future performance. Not financial advice.
Lease decay
99-year leasehold. Under Bala's Table (SLA's leasehold relativity model), value decays faster as the lease shortens — currently about 0.65% a year.
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Dec 2024 | — | Resale | 185 sqm | $1,850,000 | $929 |
| Nov 2024 | — | Resale | 185 sqm | $1,850,000 | $929 |
| Oct 2024 | — | Resale | 187 sqm | $1,848,800 | $918 |
| Jun 2024 | — | Resale | 185 sqm | $1,800,000 | $904 |
| Nov 2021 | — | Resale | 187 sqm | $1,200,000 | $596 |
| Oct 2021 | — | Resale | 187 sqm | $1,455,000 | $723 |
About Nicon Gardens
Nicon Gardens is a 99-year leasehold development with its lease commencing in 1981 and about 54 years remaining in District 23 (Bukit Batok / Bukit Panjang / Choa Chu Kang), within the Outside Central Region of Singapore. It has a thinner transaction history, with 6 recorded condominium transactions between 2021-10 and 2024-12, ranging from $1,200,000 to $1,850,000. The most recent transaction was a 185 sqm unit (floors n/a) sold for $1,850,000 in 2024-12, and the median price is $911 per square foot. Prices here have risen sharply, by about 40% over the period (around 11.2% a year). Under Bala's Table (the Singapore Land Authority leasehold valuation model), the leasehold relativity ratio at 54 years remaining is 0.8440, an annual lease decay of about 0.65%. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Nicon Gardens cost?
The most recent transaction at Nicon Gardens was $1,850,000 for a 185 sqm unit in 2024-12. The median price is $911 per square foot across 6 transactions, ranging from $1,200,000 to $1,850,000. Data sourced from URA.
Is Nicon Gardens freehold or leasehold?
Nicon Gardens is on a 99-year lease commencing in 1981, with approximately 54 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.65%.
What is the price per square foot (psf) at Nicon Gardens?
The median price at Nicon Gardens is $911 psf, with transactions ranging from $596 to $929 psf. This is based on 6 URA-recorded transactions in District 23.
Have prices at Nicon Gardens gone up or down?
Prices at Nicon Gardens have increased by approximately 40% over the data period (around 11.2% a year). The median price is currently $911 psf, with the most recent sale at $1,850,000 in 2024-12.