Parkwood Collection
Overview & Key Facts
Parkwood Collection is a strata landed cluster housing development of 53 houses at Lorong 1 Realty Park in District 19, developed by Fantasia Investment Pte Ltd — a subsidiary of Fantasia Holdings Group, a Hong Kong-listed property developer with extensive operations in China. The project was designed by RSP Architects Planners & Engineers, one of Singapore’s most established architectural firms with over 60 years of practice. Sitting on a generous 144,223-square-foot site with a 99-year lease from 2017, Parkwood Collection obtained its Temporary Occupation Permit in 2023 and comprises 50 semi-detached houses and 3 terrace houses across three storeys each, with basements and private lifts.
At an average price of $3.96 million per unit and approximately $854 psf, Parkwood Collection offers a rare proposition in Singapore’s landed housing market: strata landed living with condominium-style facilities and security, at a fraction of the per-square-foot cost of high-rise condominiums. The low PSF reflects the large built-up areas (4,423–6,469 sq ft per house) rather than discounted pricing, and the gross rental yield of approximately 4.1% is notably strong compared to typical condo yields in the same district. With 22 distinct floor plan types across the 53 houses, each residence is designed as a generously proportioned family home with private outdoor space, basement car parking, and direct pool access for selected units.
Location & Connectivity
Parkwood Collection occupies a mature residential pocket along Lorong 1 Realty Park in the Hougang planning area, approximately 580 metres from Hougang MRT interchange (North-East Line) — roughly a 7-minute walk. Hougang MRT is an interchange station connecting the North-East Line (NEL) to the Cross Island Line (CRL) when the latter is completed, which will dramatically expand connectivity. The NEL provides direct access to Serangoon interchange (Circle Line transfer), Dhoby Ghaut interchange (North-South and Circle Lines), and Clarke Quay/Chinatown in the CBD. Kovan MRT station is also within reach at approximately 940 metres, offering an alternative NEL boarding point. For drivers, the Kallang-Paya Lebar Expressway (KPE) and Central Expressway (CTE) provide arterial highway access to the CBD and airport.
The Hougang–Kovan neighbourhood is one of Singapore’s most well-served suburban food and lifestyle precincts. Kovan’s late-night supper scene along Upper Serangoon Road is legendary among Singaporean foodies, while Hougang Mall, The Midtown, Heartland Mall Kovan, and Hougang 1 provide everyday retail, supermarkets, and dining options within a short drive or bus ride. For families, Hougang Primary School is 500 metres away, Holy Innocents’ High School is approximately 590 metres, and the Serangoon precinct offers additional options including Montfort Secondary School and Nanyang Junior College.
Nature access is solid, with Punggol Park and the Serangoon Park Connector linking to the wider North-Eastern Riverine Loop. The Lorong 1 Realty Park address itself sits within a quiet, predominantly landed residential enclave that insulates the development from the bustle of the main Hougang commercial strip, while keeping it within comfortable walking distance of all essential amenities.
Schools & Education
3 primary schools within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Hougang Primary School | primary | Within 1 km |
| Hougang Secondary School | secondary | Within 1 km |
| 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 | ~1.0 km |
| Montfort Secondary School | secondary | ~1.1 km |
| Xinmin Secondary School | secondary | ~1.2 km |
Facilities
One of Parkwood Collection’s strongest differentiators is its condominium-grade facilities within a landed housing context. The communal swimming pool is the centrepiece, with a number of houses enjoying direct poolside access from their ground-floor terraces — a rare luxury that blurs the line between private garden and shared amenity. A separate Jacuzzi provides a more intimate hydrotherapy option, and the workout gym is equipped for residents who prefer not to commute to an external fitness centre. These facilities are uncommon in landed housing, where owners typically rely on nearby public pools or private gym memberships.
Socialising and entertaining are supported by BBQ grilling pits, a function room, a visitor’s lounge, and an alfresco dining area set within the landscaped grounds. The garden patio offers a tranquil outdoor sitting space, while the overall landscaping across the 144,223-square-foot site is generous — providing green buffers between the semi-detached pairs and creating a sense of openness that standalone landed estates on tight plots cannot match. The development benefits from 24-hour security with guardhouse and CCTV, providing the peace-of-mind surveillance that is standard in condominiums but rare in traditional landed estates.
Pricing & Market Position
Based on 46 recorded transactions, sale prices range from $3,020,000 to $5,500,000, averaging $3,955,326 (~$856 psf).
Rents range from $9,200 to $13,500 per month across 2 rental transactions. Current rental yield sits at approximately 4.1%.
Price Appreciation
From 2021 to 2025, the average PSF has appreciated by 11.8% (from $764 to $854 psf).
Neighbourhood Comparison
Parkwood Collection’s most direct comparisons are with other strata landed developments in the north-eastern corridor, though these are few in number. Chuan Park (~$2,596 psf for condo units) is a large-format condominium on Lorong Chuan, not a strata landed project — the PSF comparison highlights the structural difference between condo and landed pricing. At $854 psf, Parkwood Collection’s per-square-foot cost is a fraction of Chuan Park’s, but the absolute quantum ($3.96M vs. typical condo $1.5–2.5M) reflects the much larger floor area per house.
Florence Residences (1,410 units, 99-year lease, ~$1,743 psf) on Hougang Avenue 2 is a high-rise condominium alternative at a lower quantum but significantly higher PSF. Buyers choosing between the two are fundamentally comparing condo living (800–1,200 sq ft, high-rise, lower quantum) against strata landed living (4,400–6,500 sq ft, low-rise, higher quantum but lower PSF). Florence Residences offers better liquidity and more unit diversity, while Parkwood Collection provides unmatched space and a landed lifestyle.
Against traditional freehold landed houses in the Serangoon Gardens or Lorong Chuan belt, Parkwood Collection trades freehold tenure for managed facilities, communal pool, gym, and 24-hour security. A freehold semi-detached in Serangoon Gardens typically starts above $5 million and comes without shared amenities or professional management. For families who prioritise the lifestyle and convenience of a gated community over freehold permanence, Parkwood Collection represents a strong value proposition in the District 19 landed market.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| PARKWOOD COLLECTION | 99 yrs lease commencing from 2017 | 2021 | — | $856 |
| 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 |
Lease Decay Analysis
The 99-year lease runs from 2017, meaning approximately 9 years have already been consumed. Roughly 90 years remain — still comfortably within the range where most banks will offer full financing without restrictions.
| Year | Lease remaining | Implication |
|---|---|---|
| 2026 (now) | ~90 years | Full bank financing available |
| 2047 | ~69 years | CPF usage still unrestricted for most buyers |
| 2056 | ~59 years | Approaching 60-year threshold — CPF limits begin for some |
| 2076 | ~39 years | Significant financing restrictions for next buyer |
| 2116 | Expiry | Lease reverts to state |
For a buyer purchasing today with a 10-year horizon (exit around 2036), the lease situation is essentially a non-issue — you’d be selling a property with ~80 years remaining, which is still very bankable. The risk profile changes for longer holds.
ShiokNest Scores
Our proprietary scoring system evaluates PARKWOOD COLLECTION across multiple dimensions.
What Residents Say
Parkwood Collection attracts a predominantly family-oriented resident profile, skewing towards Singaporean households upgrading from HDB flats or condominiums into their first landed property. The development’s 4,400–6,500 sq ft houses are sized for multi-generational families or those with two or more children, and the private lift in every unit accommodates elderly family members comfortably. The secured compound with 24-hour security is a particular draw for families who want the space of landed living without the safety concerns of an ungated property.
The Hougang–Kovan neighbourhood resonates with families who grew up in the north-eastern heartland and want to remain in familiar surroundings while upgrading their living environment. The proximity to Hougang Primary School (500 m) and Holy Innocents’ High School (590 m) supports families with school-age children, while the Kovan supper scene and Hougang Mall’s everyday convenience appeal to residents who value suburban accessibility over central-area prestige. Weekend routines typically involve the nearby Punggol Park, Serangoon Stadium, and the growing Serangoon North F&B cluster.
Some houses within Parkwood Collection are also leased to expatriate families on corporate relocation packages who specifically seek landed-style housing with swimming pool and security. The $6,400 average monthly rental positions the development at the upper end of the District 19 rental market but remains competitive against landed rental options in Districts 10–11 that command significantly higher rents.
Strengths & Weaknesses
- Strata landed living with 4,423–6,469 sq ft of multi-storey space per house
- Private passenger lift in every unit — practical for multi-generational families
- Condominium-grade facilities: pool, jacuzzi, gym, BBQ, function room
- 24-hour security with guardhouse — rare for landed properties
- RSP Architects design — one of Singapore’s most established firms
- Hougang MRT interchange within 580m walking distance
- Strong 4.1% gross rental yield
- Low $854 PSF reflects generous built-up area, not discounted quality
- Direct pool access from selected ground-floor houses
- Professional strata management handles exterior maintenance and landscaping
- 99-year leasehold — freehold landed alternatives exist in Serangoon Gardens
- High absolute quantum ($3.96M average) limits buyer pool
- Strata landed resale market is thinner than condo resale market
- Monthly maintenance fees higher than standalone landed properties
- Semi-detached configuration means shared party walls with neighbours
- Hougang address lacks the prestige cachet of central districts
- Limited to 53 houses — very few resale transactions for price discovery
- Basement car porch may feel confined compared to open driveways
Verdict
Parkwood Collection occupies a unique niche in Singapore’s property market as one of the few strata landed cluster housing developments in the Hougang–Serangoon corridor. At $854 psf and an average quantum of $3.96 million, it delivers 4,400–6,500 sq ft of multi-storey living space with private lifts, gardens, and condo-grade facilities — a combination that no high-rise condominium in District 19 can match on a per-square-foot basis. The 4.1% gross yield is strong, reflecting the rental appeal of landed-scale housing in a well-connected suburban location.
The 99-year lease (approximately 90 years remaining from 2027) is the primary consideration for buyers comparing Parkwood Collection to freehold landed alternatives in the area. Traditional landed houses on Lorong Chuan or Simon Lane offer freehold tenure but lack the communal pool, gym, 24-hour security, and professional management that strata title provides. Families who value a secured compound with shared facilities over freehold permanence will find Parkwood Collection to be a compelling proposition at its price point.