Parkwood Residences
Parkwood Residences is a 99-year leasehold condominium located in District 19 (Punggol, Hougang, Serangoon Gardens), part of the Outside Central Region (OCR). The development was completed in 2021 and comprises 18 units, on a lease that commenced in 2018. Sale and rental figures on this page are compiled from URA transaction records.
PARKWOOD RESIDENCES
Over the 12 months to May 2023, Parkwood Residences recorded 4 rental contracts at a median $3,950/mo. Source: URA caveat data, as of May 2023.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| May-23 | $1,782,000 | $1,860 psf | 958 sqft | 01 to 05 | 3BR |
| Oct-22 | $1,474,338 | $1,574 psf | 936 sqft | 01 to 05 | 2BR |
| Sep-22 | $1,618,513 | $1,504 psf | 1,076 sqft | 01 to 05 | 3BR |
| Sep-22 | $1,431,875 | $1,529 psf | 936 sqft | 01 to 05 | 2BR |
| Aug-22 | $1,604,000 | $1,620 psf | 990 sqft | 01 to 05 | 3BR |
| Aug-22 | $1,508,000 | $1,751 psf | 861 sqft | 01 to 05 | 2BR |
| Jul-22 | $1,580,593 | $1,514 psf | 1,044 sqft | 01 to 05 | 3BR |
| Jul-22 | $1,451,000 | $1,549 psf | 936 sqft | 01 to 05 | 2BR |
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.