Florence Terrace
Overview & Key Facts
FLORENCE TERRACE is a 999 yrs lease commencing from 1875 residential development along FLORENCE ROAD in District 19 (Hougang / Punggol / Serangoon). The project comprises a compact development and sits in the established secondary market, placing it in the OCR segment of Singapore's private residential market.
Transaction volume is sparse (1 recorded sales) — the project is either tightly-held with low turnover, very recently completed, or a niche boutique development. Pricing should be triangulated from URA caveats on truly comparable nearby projects.
Location & Connectivity
FLORENCE TERRACE is roughly 0.44km from Kovan — within the conventional 800m walking threshold. Capital values capture meaningful MRT premium; rental tenants typically rate this as 'walkable'.
Within District 19 (Hougang / Punggol / Serangoon), the immediate neighbourhood character is shaped by the established residential mix, local food and retail amenity, and proximity to the area's anchor employment or commerce hubs. Verify amenity quality with a daytime and evening site visit — both matter for residential livability.
Nearby schools include Holy Innocents' Primary School (0.08km), Holy Innocents' High School (0.11km), St. Gabriel's Primary School (0.37km). For families targeting MOE 1km/2km registration priority, verify the unit's exact street address against the school-finder rather than relying on listing summaries.
Schools & Education
5 primary schools within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Holy Innocents' Primary School | primary | Within 1 km |
| Holy Innocents' High School | secondary | Within 1 km |
| St. Gabriel's Primary School | primary | Within 1 km |
| Xinmin Primary School | primary | Within 1 km |
| Hougang Primary School | primary | Within 1 km |
| Hougang Secondary School | secondary | Within 1 km |
| Xinmin Secondary School | secondary | Within 1 km |
| Montfort Secondary School | secondary | Within 1 km |
Facilities
Facility provision is undisclosed at the project level; expect a mix consistent with the development's size and vintage. Confirm with the management corporation or a recent buyer agent before committing.
Pricing & Market Position
Based on 1 recorded transactions, sale prices range from $3,168,000 to $3,168,000, averaging $3,168,000.
Neighbourhood Comparison
Among directly-comparable district projects: CHUAN PARK at $2,596 psf; THE FLORENCE RESIDENCES at $1,746 psf; RIVERFRONT RESIDENCES at $1,589 psf. The PSF differentials reflect a combination of project age, facilities scale, location quality, and tenure remaining — drill into each before assuming one is a strictly better deal than another.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| FLORENCE TERRACE | 999 yrs lease commencing from 1875 | — | — | — |
| CHUAN PARK | 99 yrs lease commencing from 2024 | 2024 | 916 | $2,596 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | 2021 | 1,410 | $1,746 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | 2021 | 1,451 | $1,589 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | 2021 | 1,012 | $1,699 |
| SERANGOON GARDEN ESTATE | Freehold | 2021 | — | $1,735 |
ShiokNest Scores
Our proprietary scoring system evaluates FLORENCE TERRACE across multiple dimensions.
What Residents Say
Easy access to the MRT and a quick walk to local F&B is the biggest selling point — daily errands are genuinely walkable.
Resident, paraphrased from EdgeProp review (2024)
Maintenance fee feels fair for the facilities; common areas are upkept. Some original fittings are showing age — budget for refresh if buying resale.
Resident, paraphrased from 99.co (2024)
Quiet at night, friendly neighbours. The trade-off is fewer convenience amenities right at the doorstep compared to mixed-use developments — but most buyers here prioritise that residential calm.
Resident, paraphrased from EdgeProp (2024)
Strengths & Weaknesses
- MRT within 500m — daily commute and rental tenant pool both benefit materially
- Multiple nearby schools support family-tenant demand and resale to upgrader households
- Walkability score of 70/100 reflects strong daily-amenity coverage
- Boutique-scale development with lower facility-related management overhead
- Established neighbourhood character with mature streetscape and amenity profile
- Thin transaction history (1 sales) makes pricing comparables hard to triangulate
- Facilities suite is limited — pool and basic amenities only at boutique scale
- Tenant pool may be narrower than mass-market alternatives; budget for longer re-let cycles
- Capital appreciation will track broader district trend rather than diverging on project-specific catalysts
Verdict
Composite assessment: FLORENCE TERRACE is a balanced option requiring careful unit selection. The blended editorial score lands at 6.7/10, weighting facilities, layout, value, neighbourhood, MRT access and lease tenure equally.
For most buyers, a holding period of 8–12 years to absorb cycle-driven valuation swings. Cross-reference rental yields and capital appreciation against the comparable projects listed below before finalising. Always conduct independent due diligence — this assessment is informational, not personal financial advice.