We track 48 sales and 283 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE PROMENADE@PELIKAT dashboard.
- Average sale price: $894,073 across 48 transactions
- Estimated gross rental yield: 3.5%
- District 19 PSF ranking: Mid-range (top 56%)
- Freehold tenure · OCR · D19 · 164 units
About THE PROMENADE@PELIKAT
THE PROMENADE@PELIKAT is a freehold condominium, located at JALAN PELIKAT in District 19 (Punggol, Hougang, Serangoon Gardens) (Outside Central Region), developed by OXLEY VIBES PTE LTD, comprising 164 residential units, completed in 2016.
As a freehold property, THE PROMENADE@PELIKAT does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE PROMENADE@PELIKAT:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 24 | $1,460 psf | $684,450 |
| 1 BR | 1 | $1,532 psf | $791,688 |
| 2 BR | 15 | $1,185 psf | $1,060,133 |
| 3 BR | 5 | $1,160 psf | $1,148,200 |
| 4 BR | 3 | $978 psf | $1,351,333 |
Sales Market Overview
THE PROMENADE@PELIKAT has recorded 48 sale transactions with an average transaction price of $894,073, ranging from $620,000 to $1,400,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 11 | $1,109 psf | $949,727 | — |
| 2022 | 11 | $1,316 psf | $826,818 | ↑ 18.7% |
| 2023 | 14 | $1,395 psf | $908,414 | ↑ 6.0% |
| 2024 | 7 | $1,462 psf | $829,429 | ↑ 4.8% |
| 2025 | 3 | $1,316 psf | $1,026,563 | ↓ 10.0% |
| 2026 | 2 | $1,359 psf | $885,000 | ↑ 3.3% |
THE PROMENADE@PELIKAT ranks in the top 56% of condos in District 19 by average PSF.
Compared to the OCR average of $1,550 psf, THE PROMENADE@PELIKAT trades 15.2% below the segment benchmark.
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Rental Market Overview
THE PROMENADE@PELIKAT has recorded 283 rental transactions with monthly rents averaging $2,611/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 178 | $2,320/mo | $700/mo | $3,350/mo |
| 2 BR | 90 | $3,036/mo | $1,600/mo | $3,850/mo |
| 3 BR | 12 | $3,213/mo | $2,350/mo | $4,000/mo |
| 4 BR | 3 | $4,733/mo | $3,800/mo | $5,200/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 46 | $1,952/mo |
| 2022 | 58 | $2,456/mo |
| 2023 | 54 | $2,890/mo |
| 2024 | 50 | $2,912/mo |
| 2025 | 58 | $2,741/mo |
| 2026 | 17 | $2,718/mo |
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Investment Analysis
Based on average rents and sale prices, THE PROMENADE@PELIKAT delivers an estimated gross rental yield of 3.5%. 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 | 868 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | 1410 | $1,746 psf | 849 |
| 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 |
Location Map
Map shows THE PROMENADE@PELIKAT (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE PROMENADE@PELIKAT
- Kovan MRT
- Montfort Junior School
- Montfort Secondary School
- Zhonghua Primary School
Nearby MRT Stations
THE PROMENADE@PELIKAT is 620m from Kovan MRT (North-East Line).
| Station | Code | Line | Distance |
|---|---|---|---|
| Kovan | NE13 | North-East Line | 620m |
Nearby Schools
There are 17 schools within 2 km of THE PROMENADE@PELIKAT, including 9 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Montfort Junior School | Primary | 260m |
| Montfort Secondary School | Secondary | 310m |
| Zhonghua Primary School | Primary | 570m |
| St. Gabriel's Primary School | Primary | 640m |
| Zhonghua Secondary School | Secondary | 640m |
| Hougang Secondary School | Secondary | 690m |
| Hougang Primary School | Primary | 780m |
| Holy Innocents' High School | Secondary | 890m |
| Holy Innocents' Primary School | Primary | 930m |
| Xinmin Primary School | Primary | 1.1 km |
| Xinmin Secondary School | Secondary | 1.1 km |
| Cedar Girls' Secondary School | Secondary | 1.4 km |
FAQ
What is the average price for THE PROMENADE@PELIKAT?
What is the rental yield for THE PROMENADE@PELIKAT?
Is THE PROMENADE@PELIKAT 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: 48 transactions analysed
- Rental data: 283 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 PROMENADE@PELIKAT
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