Parkwood Residences
Parkwood Residences is a 99-year lease (91 yrs left) apartment development in District 19 (Serangoon Gardens / Hougang / Punggol). It has 17 recorded private transactions. Latest sale: $1,782,000 (May 2023, 89 sqm, floors 01-05). Median $1,549/sqft. Prices up 2.2% over the period. 91 years lease remaining.
Where Parkwood Residences ranks in District 19
All 148 projects ›Median psf over time
Estimate a unit at Parkwood Residences
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 0.16% a year.
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| May 2023 | 01-05 | New Sale | 89 sqm | $1,782,000 | $1,860 |
| Oct 2022 | 01-05 | New Sale | 87 sqm | $1,474,338 | $1,574 |
| Sep 2022 | 01-05 | New Sale | 87 sqm | $1,431,875 | $1,529 |
| Sep 2022 | 01-05 | New Sale | 100 sqm | $1,618,513 | $1,504 |
| Aug 2022 | 01-05 | New Sale | 80 sqm | $1,508,000 | $1,751 |
| Aug 2022 | 01-05 | New Sale | 92 sqm | $1,604,000 | $1,620 |
| Jul 2022 | 01-05 | New Sale | 95 sqm | $1,613,000 | $1,577 |
| Jul 2022 | 01-05 | New Sale | 87 sqm | $1,451,000 | $1,549 |
| Jul 2022 | 01-05 | New Sale | 97 sqm | $1,580,593 | $1,514 |
| Jun 2022 | 01-05 | New Sale | 96 sqm | $1,636,000 | $1,583 |
| May 2022 | 01-05 | New Sale | 92 sqm | $1,620,000 | $1,636 |
| May 2022 | 01-05 | New Sale | 95 sqm | $1,630,000 | $1,594 |
| Apr 2022 | 01-05 | New Sale | 177 sqm | $2,742,288 | $1,439 |
| Mar 2022 | 01-05 | New Sale | 100 sqm | $1,609,625 | $1,495 |
| Dec 2021 | 01-05 | New Sale | 87 sqm | $1,447,300 | $1,546 |
| Oct 2021 | 01-05 | New Sale | 100 sqm | $1,604,800 | $1,491 |
| Aug 2021 | 01-05 | New Sale | 144 sqm | $2,000,000 | $1,290 |
About Parkwood Residences
Parkwood Residences is a 99-year leasehold development with its lease commencing in 2018 and about 91 years remaining in District 19 (Serangoon Gardens / Hougang / Punggol), within the Outside Central Region of Singapore. It has a thinner transaction history, with 17 recorded apartment transactions between 2021-08 and 2023-05, ranging from $1,431,875 to $2,742,288. The most recent transaction was a 89 sqm unit (floors 01-05) sold for $1,782,000 in 2023-05, and the median price is $1,549 per square foot. Prices here have stayed broadly flat (+2.2%) over the period. Under Bala's Table (the Singapore Land Authority leasehold valuation model), the leasehold relativity ratio at 91 years remaining is 0.9563, an annual lease decay of about 0.16%. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Parkwood Residences cost?
The most recent transaction at Parkwood Residences was $1,782,000 for a 89 sqm unit in 2023-05. The median price is $1,549 per square foot across 17 transactions, ranging from $1,431,875 to $2,742,288. Data sourced from URA.
Is Parkwood Residences freehold or leasehold?
Parkwood Residences is on a 99-year lease commencing in 2018, with approximately 91 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.16%.
What is the price per square foot (psf) at Parkwood Residences?
The median price at Parkwood Residences is $1,549 psf, with transactions ranging from $1,290 to $1,860 psf. This is based on 17 URA-recorded transactions in District 19.
Have prices at Parkwood Residences gone up or down?
Prices at Parkwood Residences have increased by approximately 2.2% over the data period (around 1.3% a year). The median price is currently $1,549 psf, with the most recent sale at $1,782,000 in 2023-05.