PARRY PARK is a 64-year balance leasehold development along PARRY TERRACE in District 19 (Hougang / Punggol / Serangoon), part of the OCR segment of Singapore's private residential market. The project comprises 99 units and is TOP 1991.
This profile draws on 20 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.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 19 (Hougang / Punggol / Serangoon), the immediate context for PARRY PARK 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 20 sales and 15 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PARRY PARK dashboard.
- Average sale price: $3,727,589 across 20 transactions
- Estimated gross rental yield: 1.9%
- District 19 PSF ranking: Premium tier (top 8%)
- 999 yrs lease commencing from 1877 · OCR · D19 · 99 units
About PARRY PARK
PARRY PARK is a 999 yrs lease commencing from 1877 condominium, located at PARRY TERRACE in District 19 (Punggol, Hougang, Serangoon Gardens) (Outside Central Region), developed by PARRY PARK DEVELOPMENT PTE LTD, comprising 99 residential units, completed in 1991.
With approximately 64 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 PARRY PARK:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 17 | $2,123 psf | $3,538,457 |
| 5+ BR | 3 | $1,421 psf | $4,799,333 |
Sales Market Overview
PARRY PARK has recorded 20 sale transactions with an average transaction price of $3,727,589, ranging from $2,800,000 to $5,000,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 6 | $1,678 psf | $3,261,333 | — |
| 2022 | 3 | $2,010 psf | $3,326,667 | ↑ 19.8% |
| 2023 | 2 | $2,431 psf | $4,090,000 | ↑ 20.9% |
| 2024 | 4 | $2,264 psf | $3,792,000 | ↓ 6.9% |
| 2025 | 4 | $1,953 psf | $4,351,444 | ↓ 13.7% |
| 2026 | 1 | $2,529 psf | $4,250,000 | ↑ 29.5% |
PARRY PARK ranks in the top 8% of condos in District 19 by average PSF.
Compared to the OCR average of $1,550 psf, PARRY PARK trades 30.2% above the segment benchmark.
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Rental Market Overview
PARRY PARK has recorded 15 rental transactions with monthly rents averaging $5,927/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 15 | $5,927/mo | $2,800/mo | $8,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 3 | $3,933/mo |
| 2022 | 3 | $5,133/mo |
| 2023 | 3 | $7,467/mo |
| 2024 | 5 | $6,460/mo |
| 2025 | 1 | $7,000/mo |
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Investment Analysis
Based on average rents and sale prices, PARRY PARK delivers an estimated gross rental yield of 1.9%. 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 PARRY PARK (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PARRY PARK
- Kovan MRT
- Yangzheng Primary School
- Rosyth School
- Xinghua Primary School
Nearby MRT Stations
PARRY PARK is 1.1 km from Kovan MRT (North-East Line).
| Station | Code | Line | Distance |
|---|---|---|---|
| Kovan | NE13 | North-East Line | 1.1 km |
Nearby Schools
There are 21 schools within 2 km of PARRY PARK, including 7 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Yangzheng Primary School | Primary | 270m |
| Rosyth School | Primary | 290m |
| Xinghua Primary School | Primary | 520m |
| Xinmin Secondary School | Secondary | 650m |
| Xinmin Primary School | Primary | 670m |
| Townsville Primary School | Primary | 770m |
| Serangoon Secondary School | Secondary | 970m |
| Holy Innocents' High School | Secondary | 1.0 km |
| Presbyterian High School | Secondary | 1.0 km |
| Holy Innocents' Primary School | Primary | 1.1 km |
| Serangoon Garden Secondary School | Secondary | 1.1 km |
| Cedar Primary School | Primary | 1.2 km |
Boutique character. With 99 units, PARRY PARK 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 0.27km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Mature streetscape and amenity coverage. The immediate neighbourhood has the daily-living amenity profile of an established residential precinct — hawker centres, supermarkets, clinics, parks within a short walk or drive. The convenience compounds over a hold, even if no single amenity is a headline feature.
Moderate MRT walk. At 1.13km from the nearest station, the project sits just outside the 800m comfort threshold. Rental tenants notice — yield typically trails truly walkable comparables by 30-50bps in similar segments.
Lease tenor below 75 years. With roughly 64 years remaining, CPF usage starts to be capped (the 95-year rule reduces utilisation as lease decays), and bank loan tenor compresses correspondingly. The resale buyer pool narrows toward older buyers with shorter horizons.
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": "amber",
"reason": "Lease horizon constrains long-hold optionality"
},
{
"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": "amber",
"reason": "Plan exit timing around lease-decay thresholds"
}
]
Composite assessment: PARRY PARK 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. 20 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
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How does PARRY PARK compare to other projects in the district?
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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: 20 transactions analysed
- Rental data: 15 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 PARRY PARK
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.