Horizon Residences
Horizon Residences is a freehold condominium located in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town), part of the Rest of Central Region (RCR). Completed in 2014, the development comprises 72 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
HORIZON RESIDENCES is a freehold condominium at PASIR PANJANG HILL in District 5 (RCR), developed by BISHAN PROPERTIES PTE LTD, comprising 72 units, completed in 2014.
Location & Connectivity
HORIZON RESIDENCES is approximately 220m from Haw Par Villa MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Haw Par Villa | Circle Line | 220m |
| Pasir Panjang | Circle Line | 1 km |
| Kent Ridge | Circle Line | 1.3 km |
Schools & Education
2 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Dulwich College (Singapore) | International | 1.2 km |
| National University of Singapore | Tertiary | 1.8 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 8 | $1,883 psf | $2,025,722 |
| 4 BR | 3 | $1,725 psf | $2,476,667 |
Market Position
HORIZON RESIDENCES has recorded 11 sales at an average price of $2,148,707.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at HORIZON RESIDENCES typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 3 BR | $6,138/mo | $2,025,722 | 3.64% | $303/mo |
| 4 BR | $8,411/mo | $2,476,667 | 4.08% | $340/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2023 | 2 | $1,733 psf | — |
| 2024 | 3 | $1,794 psf | ↑ 3.5% |
| 2025 | 4 | $1,933 psf | ↑ 7.8% |
| 2026 | 2 | $1,830 psf | ↓ 5.3% |
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From the 2025 high, HORIZON RESIDENCES prices have given back 5.3% — still 5.6% above the 2023 baseline.
Price Index Check
The ShiokNest Price Index for District 5 reads 134.8 as of June 2026 — down 5.5% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | Freehold | $1,858 psf | 6241 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | $1,868 psf | 1433 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | $1,896 psf | 1428 |
| ELTA | 99 yrs lease commencing from 2024 | $2,557 psf | 413 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | $2,159 psf | 384 |
What Could Work Against You
- With just 4 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 72-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: mrt-walkable commuters, car-owning households, tertiary student housing and freehold / generational hold. Located ~216m from Haw Par Villa MRT, this property is a comfortable daily walk for transit commuters.
young couples (no kids) and long-term hold (10+ yr) should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for resort facilities — other options likely serve them better. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
HORIZON RESIDENCES is a freehold development in District 5 (RCR), with 72 units, offering a gross yield of 3.1%.
At ~$1,899 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full HORIZON RESIDENCES dashboard for interactive analytics.
FAQ
What is the average PSF for HORIZON RESIDENCES?
Is HORIZON RESIDENCES freehold?
What is the rental yield for HORIZON RESIDENCES?
Which MRT is nearest to HORIZON RESIDENCES?
Sources & Next Steps
- HORIZON RESIDENCES Dashboard — Live charts and analytics
- URA — Official transaction data
- District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) — District 5 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 11 transactions
- Rental data: 119 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Mar 2026 · 11 records analysed · Source: URA private-sale caveats