Cherry Gardens
Cherry Gardens is a 99-year leasehold condominium located in District 19 (Punggol, Hougang, Serangoon Gardens), part of the Outside Central Region (OCR). Completed in 2004, the development comprises 48 units, on a lease that commenced in 1996. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
CHERRY GARDENS
Over the 12 months to Aug 2025, Cherry Gardens recorded 2 resale transactions at a median $825 psf (median price $1,815,000), and 2 rental contracts at a median $4,800/mo, a gross rental yield of 3.2%. Source: URA caveat data, as of Aug 2025.
Cherry Gardens's median of $825 psf over the trailing 12 months places its pricing below roughly 87% of District 19 condos; resale liquidity has been limited with 2 caveats lodged; the 3.2% gross rental yield sits above the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Aug-25 | $1,750,000 | $782 psf | 2,239 sqft | 01 to 05 | 5BR |
| Aug-25 | $1,880,000 | $869 psf | 2,164 sqft | 01 to 05 | 5BR |
| Jun-24 | $1,425,000 | $1,298 psf | 1,098 sqft | 01 to 05 | 3BR |
| May-23 | $1,815,000 | $815 psf | 2,228 sqft | 01 to 05 | 5BR |
| Oct-22 | $1,350,000 | $1,140 psf | 1,184 sqft | 01 to 05 | 3BR |
| Aug-22 | $1,250,000 | $1,161 psf | 1,076 sqft | 01 to 05 | 3BR |
| Jun-22 | $850,000 | $975 psf | 872 sqft | 01 to 05 | 2BR |
| Dec-21 | $1,060,000 | $985 psf | 1,076 sqft | 01 to 05 | 3BR |
Can I afford Cherry Gardens?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $1,815,000.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.