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 7 recorded private transactions. Latest sale: $1,792,000 (Jun 2026, 187 sqm). Median $904/sqft. 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 |
|---|---|---|---|---|---|
| Jun 2026 | — | Resale | 187 sqm | $1,792,000 | $890 |
| 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 |
Nicon Gardens is inside the 1 km Primary 1 priority zone for 2 primary schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.
- This home
- School within 1 km
- School 1–2 km
- 1km ring, top priority
- 2km ring, next tier
Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.
Private condos and apartments closest to Nicon Gardens, with their median resale psf. Useful for comparing what Nicon Gardens costs per square foot against nearby developments.
About Nicon Gardens
Nicon Gardens in District 23 (Bukit Batok / Bukit Panjang / Choa Chu Kang) is a 99-year leasehold condominium development with roughly 54 years of lease left, which makes remaining lease a meaningful price driver here. Its $904 psf median sits about 35% below the District 23 median, cheaper than about 96% of projects there. It has a relatively light transaction record, with 7 sales between 2021-10 and 2026-06, ranging from $1,200,000 to $1,850,000. The most recent transaction was a 187 sqm unit (floors n/a) at $1,792,000 in Jun 2026, and the median is $904 psf. 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 $1,792,000 for a 187 sqm unit in 2026-06. The median price is $904 per square foot across 7 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 $904 psf, with transactions ranging from $596 to $929 psf. This is based on 7 URA-recorded transactions in District 23.