Daisy Terrace
Overview & Key Facts
Daisy Terrace is a rare find in Singapore’s private residential landscape: a 16-unit freehold strata terrace cluster tucked along Daisy Road in District 13, completed by Bansen Development Pte Ltd in 1991. In a market where most nearby condominiums sit on 99-year leasehold land, Daisy Terrace offers permanent freehold tenure in one of the island’s most consistently in-demand OCR districts — the Woodleigh–Serangoon corridor, now supercharged by three MRT stations on two lines within a single kilometre of its front door.
The development sits in a quiet residential pocket bounded by Daisy Road and the Potong Pasir housing estate. With only 16 units — a mix of strata terrace houses and semi-detached homes — Daisy Terrace delivers the low-density, house-living experience that larger condominiums simply cannot replicate. Each unit holds its own strata title over an individual landed house, with a private car porch, front garden, and the kind of horizontal living space that families consistently pay a premium for. The ShiokNest investment score of 40/100 reflects the limited transaction depth and compressed gross yield — not the quality or rarity of the asset itself.
The development’s strongest headline is its MRT access: Woodleigh NEL at 0.66 km, Serangoon CCL/NEL interchange at 0.84 km, and Lorong Chuan CCL at 0.92 km — three stations across two separate MRT lines, all within a comfortable 15-minute walk. For a strata terrace development — a property type that typically trades connectivity for space — this degree of rail access is exceptional and contributes meaningfully to both rental demand and capital value resilience.
Location & Connectivity
Daisy Road occupies a residential pocket in the northern fringe of District 13 — the neighbourhood bounded by Upper Serangoon Road, Potong Pasir Avenue, and Woodleigh Park. The area sits in the overlap zone between the historic Potong Pasir housing estate and the newer Woodleigh precinct that has emerged around Woodleigh NEL station since its 2003 opening. What was once a quiet backwater of ageing HDB blocks and low-rise private housing has been steadily transformed by The Woodleigh Residences, The Woodleigh Mall, and the surrounding residential development activity — all of which have lifted land values in the surrounding catchment.
The triple-MRT story is the single most compelling location feature of Daisy Terrace and deserves detailed examination. Woodleigh NEL (NE11) at 0.66 km provides direct North East Line access south to Little India (8 minutes), Dhoby Ghaut interchange (9 minutes), and Outram Park (12 minutes), while the northern arm reaches Punggol terminus. Serangoon CCL/NEL interchange (CC13/NE12) at 0.84 km adds the Circle Line, connecting to Bishan, Buona Vista, and the Marina Bay Sands precinct without requiring a CBD transfer. Lorong Chuan CCL (CC14) at 0.92 km provides a second Circle Line access node one stop further east. For households that commute in different directions, the practical flexibility of being within 15 minutes’ walk of three separate stations is a material daily-life advantage that most Singapore residential addresses cannot claim.
For everyday amenities, the immediate neighbourhood offers a mix of options. The Woodleigh Mall (attached to Woodleigh MRT) provides supermarket, F&B, and healthcare services within walking distance. Nex Shopping Mall at Serangoon — one of Singapore’s largest suburban malls — is accessible by a short train or bus ride. The Potong Pasir Town Centre and the heartland clusters along Upper Serangoon Road contribute a practical mix of hawker centres, wet markets, and neighbourhood shops that residents characterise as a genuine “walk-and-done” daily errand environment.
The school ecosystem in a 1.5 km radius provides solid secondary and primary options. Bartley Secondary School (1.09 km), Assumption Pathway School (1.18 km), Stamford Primary School (1.19 km), Cedar Girls’ Secondary School (1.48 km), and Cedar Primary School (1.53 km) represent the core feeder cluster for families in the Daisy Road catchment. Cedar Girls’ in particular is an established SAP school with a strong academic tradition that draws families to this corridor. For international school families, Stamford American at Woodlands and Singapore American School at Woodlands are accessible by NEL.
Schools & Education
| School | Type | Distance |
|---|---|---|
| Bartley Secondary School | secondary | ~1.1 km |
| Assumption Pathway School | secondary | ~1.2 km |
| Stamford Primary School | primary | ~1.2 km |
| Cedar Girls' Secondary School | secondary | ~1.5 km |
| Cedar Primary School | primary | ~1.5 km |
| De La Salle School | primary | ~1.5 km |
| Red Swastika School | primary | ~1.6 km |
| Maris Stella High School (Primary) | primary | ~1.7 km |
Facilities
Daisy Terrace was completed in 1991 under the development conventions of early-1990s Singapore, when strata terrace clusters prioritised private landed living space over shared communal facilities. Buyers and tenants should approach this development with the mindset of a private landed home, not a modern condominium: the value proposition is private space, individual outdoor area, and freehold permanence — not a lap pool and gymnasium. Each unit benefits from its own private car porch, a front garden or patio area, and direct ground-level access that apartment-based residents do not enjoy.
The wider neighbourhood compensates for limited on-site facilities. The Woodleigh Mall (opened 2021, integrated with Woodleigh NEL station) provides a full-service retail and F&B podium within walking distance, including a Cold Storage supermarket, fitness centre options, food hall, and healthcare clinics. For larger sporting and recreational facilities, the Serangoon Sports Hall and Serangoon Stadium complex (accessible from Serangoon NEL/CCL) provide a comprehensive community sports hub. Bidadari Park — a new 10-hectare heritage park integrated into the Bidadari Estate masterplan immediately north of Woodleigh — offers landscaped walking trails, a heritage lake, and green spaces that serve as the effective “backyard” for the entire Woodleigh–Daisy Road precinct.
Unit Sizes & Layout
Daisy Terrace comprises 16 strata-titled landed houses — a mix of terrace houses and semi-detached units — each on its own strata lot within the shared development footprint on Daisy Road. Based on URA records and the address range (5–29 Daisy Road), the development is configured as a low-density row of 2-storey terrace houses with semi-detached corner units at each end. Typical built-up areas for comparable early-1990s strata terrace clusters in D13 range from approximately 2,000 to 3,000 sqft, with 4-bedroom configurations being standard. Each unit includes a private car porch (1–2 vehicles), a front garden or utility yard, and a rear kitchen area — the hallmarks of Singapore’s landed terrace typology.
The PSF trajectory at Daisy Terrace is striking. ShiokNest transaction data records a move from S$1,217 psf to S$2,514 psf — a 107% appreciation — across the two recorded sales. This wide spread is likely attributable to different unit types (a smaller terrace transacting first versus a larger semi-detached or end-terrace transacting more recently), renovation premiums, and the structural re-rating of D13 freehold landed values driven by the Woodleigh NEL catalyst and the Bidadari precinct transformation. At a median price of S$4,950,000 and a freehold strata title, Daisy Terrace competes at the premium end of the OCR landed market, but remains meaningfully below the S$6–8M range that characterises freehold semi-detached houses in D10 or D15.
The rental market shows 9 recorded transactions at an average of S$6,589/month and a median of S$5,700/month. This rental profile reflects genuine demand from families seeking house-style living with strong MRT connectivity in the mid-range budget tier — a target segment that prefers the space and privacy of a terrace over a 4-bedroom condominium at comparable rent but lower psf. The gross yield of 1.38% is characteristically low for freehold landed property in Singapore, reflecting the capital appreciation premium baked into the asset price rather than any rental weakness. Sellers and investors should frame this as a long-term capital hold, not a yield instrument.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 1 | $2,514 | $4,400,000 |
| 5 BR | 1 | $1,217 | $4,950,000 |
Pricing & Market Position
Based on 2 recorded transactions, sale prices range from $4,400,000 to $4,950,000, averaging $4,675,000.
Rents range from $4,200 to $10,500 per month across 9 rental transactions. Current rental yield sits at approximately 1.4%.
Price Appreciation
From 2023 to 2024, the average PSF has appreciated by 106.6% (from $1,217 to $2,514 psf).
Neighbourhood Comparison
Buyers shortlisting Daisy Terrace are typically choosing between freehold strata terrace living and the large 99-year leasehold condominiums that define the Woodleigh–Serangoon precinct. The comparison is instructive.
The Woodleigh Residences (99-year leasehold, 667 units, Bidadari Park Drive, ~S$2,229 psf, TOP 2022) is the closest large-scale benchmark. Completed just four years ago, The Woodleigh Residences offers full condominium facilities (50-metre pool, gym, clubhouse), is integrated with Woodleigh MRT station itself, and sits at the heart of the Bidadari masterplan. For foreign buyers, it is unrestricted. However, at S$2,229 psf on leasehold land, a comparable 4-bedroom unit costs S$3.5M+ for a property whose land lease runs out in 2118. Daisy Terrace at S$4.95M median delivers freehold perpetuity — the premium is the permanent title, the private landing, and the house-scale living experience. For buyers with a 20–30 year horizon, the “lease decay” dynamic at The Woodleigh Residences is a genuine counterargument.
Park Colonial (99-year, 805 units, Woodleigh Lane, ~S$2,142 psf, TOP 2022) and The Tre Ver (99-year, 729 units, Potong Pasir Avenue 1, ~S$1,919 psf, TOP 2021) reinforce the same comparison. Both offer superior shared facilities and open-market foreign buyer access. Neither offers freehold land or private terrace living. For the family that has decided house living is non-negotiable, these condominiums — however well-located — are a different product category entirely. The appropriate comparison for Daisy Terrace is not “which condo?” but “is landed, freehold, and private the right lifestyle choice?” If the answer is yes, Daisy Terrace’s MRT connectivity removes the single biggest objection that typically disqualifies landed housing from shortlists.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| DAISY TERRACE | Freehold | 1991 | 16 | — |
| THE WOODLEIGH RESIDENCES | 99 yrs lease commencing from 2017 | 2021 | 667 | $2,229 |
| THE TRE VER | 99 yrs lease commencing from 2018 | 2021 | 729 | $1,919 |
| BARTLEY RIDGE | 99 yrs lease commencing from 2012 | 2018 | 868 | $1,703 |
| PARK COLONIAL | 99 yrs lease commencing from 2017 | 2021 | 805 | $2,142 |
| THE POIZ RESIDENCES | 99 yrs lease commencing from 2014 | 2019 | 731 | $1,867 |
ShiokNest Scores
Our proprietary scoring system evaluates DAISY TERRACE across multiple dimensions.
What Residents Say
“We’ve been here since 2009. Three MRT stations within walking distance is something people don’t believe when we tell them — they expect landed to mean ‘car-dependent,’ but Daisy Road genuinely isn’t. My kids walk to Woodleigh MRT for school, and I take the NEL to the CBD daily. The house itself is showing its age — but that’s renovatable. The location isn’t.”
— Long-term resident, via PropertyGuru community
“Quiet estate feel, only 16 houses so it’s very private. The Woodleigh Mall opening made a huge difference — now we have Cold Storage and a food hall literally within a 10-minute walk. Bidadari Park nearby is a bonus for morning runs. The freehold tenure was the key deciding factor for us when we bought — we wanted to pass this down, not watch the lease decay.”
— Owner feedback via EdgeProp
Strengths & Weaknesses
- Triple MRT access within 1 km: Woodleigh NEL 0.66 km + Serangoon CCL/NEL 0.84 km + Lorong Chuan CCL 0.92 km
- Freehold tenure — permanent land title vs 99-year leasehold peers at $1,700–2,200 PSF
- Strata terrace / cluster format: private car porch, front garden, house-scale living
- Only 16 units — exceptionally private, low-density estate with minimal shared-wall noise
- D13 OCR location with strong capital appreciation (PSF $1,217 → $2,514; 107%)
- Woodleigh NEL directly accesses CBD (Dhoby Ghaut in 9 min) and Serangoon interchange in 0.84 km
- Bidadari Park and Woodleigh Mall within walking distance — rare combo for landed housing
- En-bloc score 56/100 — freehold D13 near NEL station has genuine redevelopment appeal
- Cedar Girls' Secondary and Cedar Primary within 1.5 km — established SAP school feeder
- 35-year-old building age means renovation potential to reset to contemporary standard
- Strata landed: foreigners generally CANNOT purchase without Ministry of Law prior approval
- Gross yield 1.38% — minimal rental return, unsuitable for yield-driven investors
- Only 2 recorded sale transactions — thin price discovery, next sale sets a new benchmark
- No shared pool, gym, or condominium facilities — basic 1991 cluster common areas only
- 35-year-old construction: expect full renovation budget to bring to contemporary standard
- ShiokNest score 32/100 reflects combined yield drag and thin transaction data
- Walkability 52/100 — adequate but not exceptional for day-to-day errands on foot
- Investment score 40/100 — limited short-term capital catalyst vs nearby 99yr peers
- Small cluster of 16: disagreement among owners can block en-bloc or MCST decisions
Verdict
Daisy Terrace occupies a genuinely uncommon position in the Singapore residential market: a 35-year-old freehold strata terrace cluster with exceptional MRT connectivity, sitting in a district undergoing material capital value re-rating. For the right buyer, it represents the intersection of permanence, space, and rail access that very few properties in the OCR can claim simultaneously. The challenge is that “the right buyer” is narrowly defined — and the foreign ownership restriction narrows the buyer pool further.
For Singaporean citizens and qualifying PRs seeking house-scale living in a D13 location with full MRT access, Daisy Terrace is a compelling proposition. The freehold tenure anchors long-term value; the triple-MRT access (Woodleigh NEL 0.66 km, Serangoon CCL/NEL 0.84 km, Lorong Chuan CCL 0.92 km) positions the development well above every competing 99-year leasehold condominium on accessibility metrics; and the low unit count (16 houses) ensures the intimate, private estate character is preserved. The 107% PSF appreciation already recorded in transaction data signals that the market has begun pricing in the Woodleigh NEL uplift — but freehold D13 at S$4.95M median still sits at a meaningful discount to equivalent tenure and location in D9/D10/D15.
For investors, the story is mixed. The 1.38% gross yield does not support a yield-driven thesis, and the thin transaction volume (2 sales on record) creates real pricing uncertainty — the next buyer to exit may be setting a new market benchmark rather than confirming an established range. The en-bloc score of 56/100 introduces a wildcard: if owners achieve collective consensus, the redevelopment value uplift on a freehold D13 site near Woodleigh NEL could be material. However, en-bloc is not guaranteed, and the 16-unit structure means a single dissenting owner can block a tender indefinitely. The ShiokNest Investment Score of 40/100 appropriately reflects this uncertainty.
For foreign buyers, the bottom line is clear: Daisy Terrace is off-limits without Ministry of Law approval. Do not proceed to valuation or option without first confirming eligibility via a licensed Singapore conveyancer.