CHARLTON RESIDENCES is a freehold development along CHARLTON ROAD in District 19 (Hougang / Punggol / Serangoon), part of the OCR segment of Singapore's private residential market. The project comprises 21 units and is TOP 2014.
This profile draws on 8 recorded transactions from URA REALIS to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
At roughly 12 years from TOP, CHARLTON RESIDENCES is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 19 (Hougang / Punggol / Serangoon), the immediate context for CHARLTON RESIDENCES is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 8 sales and 22 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the CHARLTON RESIDENCES dashboard.
- Average sale price: $3,421,486 across 8 transactions
- Estimated gross rental yield: 2.9%
- District 19 PSF ranking: Value tier (top 100%)
- Freehold tenure · OCR · D19 · 21 units
About CHARLTON RESIDENCES
CHARLTON RESIDENCES is a freehold condominium, located at CHARLTON ROAD in District 19 (Punggol, Hougang, Serangoon Gardens) (Outside Central Region), developed by CHARLTON RESIDENCES PTE. LTD, comprising 21 residential units, completed in 2014.
As a freehold property, CHARLTON RESIDENCES does not face lease decay concerns.
Sales Market Overview
CHARLTON RESIDENCES has recorded 8 sale transactions with an average transaction price of $3,421,486, ranging from $3,050,000 to $4,360,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $535 psf | $3,272,600 | — |
| 2022 | 2 | $621 psf | $3,324,444 | ↑ 16.1% |
| 2025 | 1 | $815 psf | $4,360,000 | ↑ 31.2% |
CHARLTON RESIDENCES ranks in the top 100% of condos in District 19 by average PSF.
Compared to the OCR average of $1,550 psf, CHARLTON RESIDENCES trades 61.8% below the segment benchmark.
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Rental Market Overview
CHARLTON RESIDENCES has recorded 22 rental transactions with monthly rents averaging $8,139/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 22 | $8,139/mo | $5,000/mo | $12,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 6 | $5,950/mo |
| 2022 | 2 | $6,400/mo |
| 2023 | 3 | $9,233/mo |
| 2024 | 6 | $9,517/mo |
| 2025 | 5 | $9,150/mo |
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Investment Analysis
Based on average rents and sale prices, CHARLTON RESIDENCES delivers an estimated gross rental yield of 2.9%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 19
Side-by-side comparison against the most actively traded condos in District 19 (Punggol, Hougang, Serangoon Gardens):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| CHUAN PARK | 99 yrs lease commencing from 2024 | 916 | $2,596 psf | 860 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | 1410 | $1,746 psf | 844 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | 1451 | $1,589 psf | 622 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | 1012 | $1,699 psf | 596 |
| SERANGOON GARDEN ESTATE | Freehold | — | $1,735 psf | 462 |
Location Map
Map shows CHARLTON RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- CHARLTON RESIDENCES
- Kovan MRT
- Serangoon MRT
- Serangoon MRT
- Zhonghua Primary School
- Zhonghua Secondary School
- Montfort Junior School
Nearby MRT Stations
CHARLTON RESIDENCES is 630m from Kovan MRT (North-East Line), with 3 stations within 1.5 km.
Nearby Schools
There are 20 schools within 2 km of CHARLTON RESIDENCES, including 11 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Zhonghua Primary School | Primary | 220m |
| Zhonghua Secondary School | Secondary | 220m |
| Montfort Junior School | Primary | 510m |
| Montfort Secondary School | Secondary | 560m |
| Cedar Girls' Secondary School | Secondary | 620m |
| Cedar Primary School | Primary | 630m |
| Xinmin Secondary School | Secondary | 690m |
| Xinmin Primary School | Primary | 800m |
| St. Gabriel's Primary School | Primary | 870m |
| Holy Innocents' High School | Secondary | 920m |
| Serangoon Secondary School | Secondary | 970m |
| Holy Innocents' Primary School | Primary | 1.0 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Walking-distance MRT. Kovan is about 0.63km — within the conventional 10-minute walk threshold most tenants accept. The project benefits from the public-transport premium without the price compression that <500m flagship stations command.
Boutique character. With 21 units, CHARLTON RESIDENCES keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. Zhonghua Primary School sits about 0.22km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 8 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
[
{
"persona": "Young couple, first home",
"fit_color": "green",
"reason": "Long balance lease + likely sub-CCR pricing"
},
{
"persona": "Family with school-age kids",
"fit_color": "green",
"reason": "Nearby schools support MOE registration priority"
},
{
"persona": "CBD commuter",
"fit_color": "green",
"reason": "Walking-distance MRT supports daily commute"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "MRT plus mid-size facility suite typically meets expat-tenant criteria"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: CHARLTON RESIDENCES combines walking-distance MRT with long-tenure leasehold (or freehold) — a solid structural foundation. The district position dictates whether capital appreciation outpaces or tracks the broader market. 8 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 6-10 years to ride out one full macro cycle. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
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Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 8 transactions analysed
- Rental data: 22 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for CHARLTON RESIDENCES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.