Nicon Gardens
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.
NICON GARDENS
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.
| 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.
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.