We track 849 sales and 769 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE FLORENCE RESIDENCES dashboard.
- Average sale price: $1,422,857 across 849 transactions
- Estimated gross rental yield: 2.8%
- District 19 PSF ranking: Premium tier (top 18%)
- 99 yrs lease commencing from 2018 · OCR · D19 · 1410 units
About THE FLORENCE RESIDENCES
THE FLORENCE RESIDENCES is a 99 yrs lease commencing from 2018 condominium, located at HOUGANG AVENUE 2 in District 19 (Punggol, Hougang, Serangoon Gardens) (Outside Central Region), comprising 1410 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 THE FLORENCE RESIDENCES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 103 | $1,751 psf | $844,946 |
| 1 BR | 351 | $1,788 psf | $1,140,383 |
| 2 BR | 173 | $1,735 psf | $1,473,074 |
| 3 BR | 161 | $1,718 psf | $1,899,609 |
| 4 BR | 58 | $1,609 psf | $2,617,948 |
| 5+ BR | 3 | $1,426 psf | $2,727,333 |
Sales Market Overview
THE FLORENCE RESIDENCES has recorded 849 sale transactions with an average transaction price of $1,422,857, ranging from $720,000 to $3,400,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 275 | $1,683 psf | $1,414,417 | — |
| 2022 | 191 | $1,747 psf | $1,609,089 | ↑ 3.8% |
| 2023 | 105 | $1,773 psf | $1,356,617 | ↑ 1.5% |
| 2024 | 160 | $1,773 psf | $1,264,111 | ↑ 0.0% |
| 2025 | 80 | $1,816 psf | $1,371,322 | ↑ 2.5% |
| 2026 | 38 | $1,869 psf | $1,507,805 | ↑ 2.9% |
THE FLORENCE RESIDENCES ranks in the top 18% of condos in District 19 by average PSF.
Compared to the OCR average of $1,550 psf, THE FLORENCE RESIDENCES trades 12.6% above the segment benchmark.
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Rental Market Overview
THE FLORENCE RESIDENCES has recorded 769 rental transactions with monthly rents averaging $3,347/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 275 | $3,421/mo | $2,500/mo | $7,000/mo |
| 1 BR | 184 | $2,846/mo | $2,500/mo | $3,500/mo |
| 2 BR | 272 | $3,431/mo | $3,000/mo | $4,500/mo |
| 3 BR | 34 | $4,385/mo | $3,900/mo | $5,100/mo |
| 4 BR | 4 | $6,750/mo | $6,600/mo | $6,900/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2023 | 130 | $3,389/mo |
| 2024 | 315 | $3,354/mo |
| 2025 | 216 | $3,307/mo |
| 2026 | 108 | $3,353/mo |
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Investment Analysis
Based on average rents and sale prices, THE FLORENCE RESIDENCES delivers an estimated gross rental yield of 2.8%. 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 | 868 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | 1451 | $1,590 psf | 629 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | 1012 | $1,699 psf | 597 |
| SERANGOON GARDEN ESTATE | Freehold | — | $1,742 psf | 467 |
| SENGKANG GRAND RESIDENCES | 99 yrs lease commencing from 2018 | 680 | $1,817 psf | 454 |
Location Map
Map shows THE FLORENCE RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE FLORENCE RESIDENCES
- Kovan MRT
- Hougang MRT
- Holy Innocents'
- Holy Innocents'
- Xinmin Primary School
Nearby MRT Stations
THE FLORENCE RESIDENCES is 830m from Kovan MRT (North-East Line), with 2 stations within 1.5 km.
Nearby Schools
There are 19 schools within 2 km of THE FLORENCE RESIDENCES, including 9 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Holy Innocents' Primary School | Primary | 450m |
| Holy Innocents' High School | Secondary | 500m |
| Xinmin Primary School | Primary | 640m |
| Hougang Primary School | Primary | 720m |
| St. Gabriel's Primary School | Primary | 740m |
| Hougang Secondary School | Secondary | 770m |
| Xinmin Secondary School | Secondary | 800m |
| Rosyth School | Primary | 890m |
| Townsville Primary School | Primary | 920m |
| Montfort Secondary School | Secondary | 1.1 km |
| Presbyterian High School | Secondary | 1.2 km |
| Yangzheng Primary School | Primary | 1.2 km |
FAQ
What is the average price for THE FLORENCE RESIDENCES?
What is the rental yield for THE FLORENCE RESIDENCES?
Is THE FLORENCE RESIDENCES 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: 849 transactions analysed
- Rental data: 769 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 THE FLORENCE RESIDENCES
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