PARKWOOD RESIDENCES is a 91-year balance leasehold development along YIO CHU KANG ROAD in District 19 (Hougang / Punggol / Serangoon), part of the OCR segment of Singapore's private residential market. The project comprises 18 units and is TOP 2021.
This profile draws on 17 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 5 years from TOP, PARKWOOD RESIDENCES is in the early-mature phase: facilities are well-broken-in, strata operations are stable, and pricing has been through one or two market cycles — making comparable-sales analysis meaningful.
Within District 19 (Hougang / Punggol / Serangoon), the immediate context for PARKWOOD 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 17 sales and 10 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PARKWOOD RESIDENCES dashboard.
- Average sale price: $1,667,843 across 17 transactions
- Estimated gross rental yield: 3.0%
- District 19 PSF ranking: Above average (top 29%)
- 99 yrs lease commencing from 2018 · OCR · D19 · 18 units
About PARKWOOD RESIDENCES
PARKWOOD RESIDENCES is a 99 yrs lease commencing from 2018 condominium, located at YIO CHU KANG ROAD in District 19 (Punggol, Hougang, Serangoon Gardens) (Outside Central Region), comprising 18 residential units, completed in 2021.
With approximately 91 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at PARKWOOD RESIDENCES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 5 | $1,590 psf | $1,462,503 |
| 3 BR | 10 | $1,587 psf | $1,629,853 |
| 4 BR | 1 | $1,290 psf | $2,000,000 |
| 5+ BR | 1 | $1,439 psf | $2,742,288 |
Sales Market Overview
PARKWOOD RESIDENCES has recorded 17 sale transactions with an average transaction price of $1,667,843, ranging from $1,431,875 to $2,742,288.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 3 | $1,442 psf | $1,684,033 | — |
| 2022 | 13 | $1,567 psf | $1,655,326 | ↑ 8.6% |
| 2023 | 1 | $1,860 psf | $1,782,000 | ↑ 18.7% |
PARKWOOD RESIDENCES ranks in the top 29% of condos in District 19 by average PSF.
Compared to the OCR average of $1,550 psf, PARKWOOD RESIDENCES trades 0.8% above the segment benchmark.
Loading chart data...
Rental Market Overview
PARKWOOD RESIDENCES has recorded 10 rental transactions with monthly rents averaging $4,215/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 5 | $4,450/mo | $3,750/mo | $5,200/mo |
| 3 BR | 5 | $3,980/mo | $3,700/mo | $4,300/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2023 | 4 | $4,625/mo |
| 2024 | 3 | $4,017/mo |
| 2025 | 2 | $3,800/mo |
| 2026 | 1 | $4,000/mo |
Loading chart data...
Investment Analysis
Based on average rents and sale prices, PARKWOOD RESIDENCES delivers an estimated gross rental yield of 3.0%. This is above the Singapore-wide benchmark of approximately 3%.
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 PARKWOOD RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PARKWOOD RESIDENCES
- Kovan MRT
- Yangzheng Primary School
- Rosyth School
- Xinghua Primary School
Nearby MRT Stations
PARKWOOD RESIDENCES is 1.3 km from Kovan MRT (North-East Line).
| Station | Code | Line | Distance |
|---|---|---|---|
| Kovan | NE13 | North-East Line | 1.3 km |
Nearby Schools
There are 21 schools within 2 km of PARKWOOD RESIDENCES, including 8 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Yangzheng Primary School | Primary | 200m |
| Rosyth School | Primary | 370m |
| Xinghua Primary School | Primary | 370m |
| Xinmin Secondary School | Secondary | 760m |
| Xinmin Primary School | Primary | 810m |
| Townsville Primary School | Primary | 840m |
| Serangoon Secondary School | Secondary | 900m |
| Serangoon Garden Secondary School | Secondary | 970m |
| Presbyterian High School | Secondary | 1.1 km |
| Holy Innocents' High School | Secondary | 1.2 km |
| Cedar Primary School | Primary | 1.2 km |
| Holy Innocents' Primary School | Primary | 1.2 km |
Long balance lease. With 91+ years of lease remaining, PARKWOOD RESIDENCES sits comfortably in the freehold-equivalent zone for practical purposes — CPF usage is full, max loan tenure is unconstrained, and resale liquidity to younger SC/PR buyers stays broad.
Boutique character. With 18 units, PARKWOOD 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. Yangzheng Primary School sits about 0.20km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
MRT is a commute, not a walk. The nearest station is 1.26km away — beyond the 10-minute walking threshold for most tenants. Capital appreciation will track the broader district trend without the MRT-proximity premium. Bus / own-vehicle commuters dominate the catchment.
Thin transaction history. With only 17 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": "amber",
"reason": "Bus or own-vehicle commute likely required"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "Verify tenant-pool depth in immediate catchment"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: PARKWOOD RESIDENCES sits in an off-MRT-spine pocket where own-vehicle commuting and a narrower tenant pool define the economics. Suits owner-occupiers who prioritise the specific neighbourhood and lifestyle fit over capital-market efficiency. 17 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 7-12 years with realistic vacancy and re-let cost assumptions. 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
What is the average price for PARKWOOD RESIDENCES?
What is the rental yield for PARKWOOD RESIDENCES?
Is PARKWOOD RESIDENCES freehold or leasehold?
How far is the nearest MRT from PARKWOOD RESIDENCES?
What is the tenure of PARKWOOD RESIDENCES?
How does PARKWOOD RESIDENCES compare to other projects in the district?
What stamp duty applies for a foreign buyer of PARKWOOD RESIDENCES?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 17 transactions analysed
- Rental data: 10 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 PARKWOOD RESIDENCES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.