Nicon Gardens

D23 (OCR) 99 yrs lease commencing from 1981

Located in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang), Nicon Gardens is a 99-year leasehold condominium in the Outside Central Region (OCR). Completed in 1999, the development comprises 47 units, on a lease that commenced in 1981. This page tracks recorded sale prices, rental contracts and yield trends from URA data.

Private SPI 122.4 -3.51% MoM · +0.72% YoY June 2026
7.0
ShiokNest Score
Excellent
Total Units47
TOP Year1999

NICON GARDENS

Total Units47
TOP Year1999
DeveloperCHOA CHU KANG LAND LTD (PIDEMCO LAND LTD)
Tenure99 yrs lease commencing from 1981
DistrictD23 · OCR
Median PSF · 12m$890 psf
Median price · 12m$1,792,000
Median Rent · 12m$5,900/mo
Gross Yield4.0%

Over the 12 months to Jun 2026, Nicon Gardens recorded 1 resale transaction at a median $890 psf (median price $1,792,000), and 2 rental contracts at a median $5,900/mo, a gross rental yield of 4.0%. Source: URA caveat data, as of Jun 2026.

Nicon Gardens's median of $890 psf over the trailing 12 months places its pricing below roughly 97% of District 23 condos; resale liquidity has been limited with 1 caveat lodged; the 4.0% 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.

Recent transactions
Date Price PSF Size (sqft) Floor Type
Jun-26 $1,792,000 $890 psf 2,013 sqft - 5BR
Dec-24 $1,850,000 $929 psf 1,991 sqft - 5BR
Nov-24 $1,850,000 $929 psf 1,991 sqft - 5BR
Oct-24 $1,848,800 $919 psf 2,013 sqft - 5BR
Jun-24 $1,800,000 $904 psf 1,991 sqft - 5BR
Nov-21 $1,200,000 $596 psf 2,013 sqft - 5BR
Oct-21 $1,455,000 $723 psf 2,013 sqft - 5BR

Can I afford Nicon Gardens?

Get the monthly repayment, total interest and cash flow based on this project’s median price of $1,792,000.

7.0
ShiokNest Score

En-Bloc Potential

67/100

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.

Neighbourhood Score

95/100

Investment Score

60/100

PSF Trend

Rental Trend

Gross Yield Trend

Detailed charts

Sales - Floor Level

Sales - Unit Size

Sales - Bedroom Type

Rental - Floor Level

Rental - Unit Size

Rental - Bedroom Type

Cumulative Sales Volume

Cumulative Rental Volume

Lease Decay Valuation Curve

Sales Volume Heatmap

Lease Volume Seasonality Heatmap

Recent Sales

Recent Rentals