We track 6 sales and 8 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the NICON GARDENS dashboard.
- Average sale price: $1,667,300 across 6 transactions
- Estimated gross rental yield: 3.1%
- District 23 PSF ranking: Value tier (top 97%)
- 99 yrs lease commencing from 1981 · OCR · D23 · 47 units
About NICON GARDENS
NICON GARDENS is a 99 yrs lease commencing from 1981 condominium, located at CHOA CHU KANG ROAD in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by CHOA CHU KANG LAND LTD (PIDEMCO LAND LTD), comprising 47 residential units, completed in 1999.
With approximately 54 years remaining on its 99-year lease, CPF usage and maximum loan tenure may be restricted.
Sales Market Overview
NICON GARDENS has recorded 6 sale transactions with an average transaction price of $1,667,300, ranging from $1,200,000 to $1,850,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $660 psf | $1,327,500 | — |
| 2024 | 4 | $920 psf | $1,837,200 | ↑ 39.5% |
NICON GARDENS ranks in the top 97% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, NICON GARDENS trades 46.3% below the segment benchmark.
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Rental Market Overview
NICON GARDENS has recorded 8 rental transactions with monthly rents averaging $4,356/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 8 | $4,356/mo | $2,650/mo | $6,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 1 | $2,900/mo |
| 2022 | 3 | $3,050/mo |
| 2023 | 2 | $5,500/mo |
| 2025 | 1 | $6,000/mo |
| 2026 | 1 | $5,800/mo |
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Investment Analysis
Based on average rents and sale prices, NICON GARDENS delivers an estimated gross rental yield of 3.1%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 23
Side-by-side comparison against the most actively traded condos in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | 1327 | $1,385 psf | 555 |
| MIDWOOD | 99 yrs lease commencing from 2018 | 564 | $1,732 psf | 532 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | 512 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | 460 | $1,659 psf | 452 |
| THE BOTANY AT DAIRY FARM | 99 yrs lease commencing from 2022 | 386 | $2,053 psf | 388 |
Location Map
Map shows NICON GARDENS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- NICON GARDENS
- Phoenix MRT
- Ten Mile Junction MRT
- Teck Whye MRT
- Bukit Panjang MRT
- Bukit Panjang MRT
- Pei Hwa Presbyterian Primary School
- Unity Primary School
- Springdale Primary School
Nearby MRT Stations
NICON GARDENS is 140m from Phoenix MRT (Bukit Panjang LRT), with 12 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Phoenix | BP5 | Bukit Panjang LRT | 140m |
| Ten Mile Junction | BP14 | Bukit Panjang LRT | 400m |
| Teck Whye | BP4 | Bukit Panjang LRT | 470m |
| Bukit Panjang | DT1 | Downtown Line | 570m |
| Bukit Panjang | BP6 | Bukit Panjang LRT | 570m |
| Senja | BP13 | Bukit Panjang LRT | 780m |
| Keat Hong | BP3 | Bukit Panjang LRT | 990m |
| Petir | BP7 | Bukit Panjang LRT | 1.0 km |
Nearby Schools
There are 12 schools within 2 km of NICON GARDENS, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 710m |
| Unity Primary School | Primary | 770m |
| Springdale Primary School | Primary | 1.0 km |
| West Spring Secondary School | Secondary | 1.1 km |
| West Spring Primary School | Primary | 1.2 km |
| Greenridge Secondary School | Secondary | 1.2 km |
| Fajar Secondary School | Secondary | 1.3 km |
| Bukit Panjang Primary School | Primary | 1.3 km |
| Regent Secondary School | Secondary | 1.4 km |
| Xishan Primary School | Primary | 1.6 km |
| Bukit Panjang Government High School | Secondary | 1.6 km |
| Zhenghua Primary School | Primary | 1.9 km |
FAQ
What is the average price for NICON GARDENS?
What is the rental yield for NICON GARDENS?
Is NICON GARDENS freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 6 transactions analysed
- Rental data: 8 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 NICON GARDENS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.