Picardy Gardens
Picardy Gardens is a freehold condominium located in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive), part of the Outside Central Region (OCR). The development comprises 17 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
PICARDY GARDENS is a freehold condominium at JALAN PARI BURONG in District 16 (OCR), developed by , comprising 17 units.
Location & Connectivity
PICARDY GARDENS is approximately 780m from Tanah Merah MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Tanah Merah | East-West Line | 780m |
| Simei | East-West Line | 1.3 km |
| Sungei Bedok | Thomson-East Coast Line | 1.4 km |
Schools & Education
15 schools within 2 km (5 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Casuarina Primary School | Primary | 450m |
| Ping Yi Secondary School | Secondary | 750m |
| Fengshan Primary School | Primary | 840m |
| Bedok North Secondary School | Secondary | 850m |
| Bedok Green Primary School | Primary | 1 km |
| Park View Primary School | Primary | 1 km |
| Bedok View Secondary School | Secondary | 1.2 km |
| Yu Neng Primary School | Primary | 1.4 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 1 | $1,344 psf | $1,750,000 |
| 4 BR | 2 | $1,155 psf | $1,774,000 |
| 5+ BR | 8 | $1,546 psf | $4,919,861 |
Market Position
PICARDY GARDENS has recorded 11 sales at an average price of $4,059,717.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $1,029 psf | — |
| 2022 | 1 | $1,011 psf | ↓ 1.7% |
| 2023 | 2 | $1,525 psf | ↑ 50.9% |
| 2024 | 3 | $1,742 psf | ↑ 14.2% |
| 2025 | 2 | $1,669 psf | ↓ 4.1% |
| 2026 | 1 | $1,344 psf | ↓ 19.5% |
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PICARDY GARDENS prices have cooled 22.9% from the 2024 peak, yet remain 30.6% above where the series began in 2021.
Price Index Check
The ShiokNest Price Index for District 16 reads 140.4 as of June 2026 — up 8.4% 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 |
|---|---|---|---|
| PINERY RESIDENCES | 99 years leasehold | $2,551 psf | 551 |
| VELA BAY | 99 years leasehold | $2,869 psf | 372 |
| SCENECA RESIDENCE | 99 yrs lease commencing from 2021 | $2,085 psf | 270 |
| THE BAYSHORE | 99-year leasehold | $1,237 psf | 252 |
| THE GLADES | 99 yrs lease commencing from 2013 | $1,614 psf | 231 |
What Could Work Against You
- Only 3 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 17 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: multi-generational families, car-owning households, long-term hold (10+ yr) and freehold / generational hold. Larger unit configurations or dual-key layouts make this viable for 3-generation households.
foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for yield-focused investors — other options likely serve them better. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
PICARDY GARDENS is a freehold development in District 16 (OCR), with 17 units, offering a gross yield of 1.5%.
At ~$1,561 psf, it represents a competitive entry point in the OCR segment.
Explore the full PICARDY GARDENS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PICARDY GARDENS against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for PICARDY GARDENS?
Is PICARDY GARDENS freehold?
What is the rental yield for PICARDY GARDENS?
Which MRT is nearest to PICARDY GARDENS?
Sources & Next Steps
- PICARDY GARDENS Dashboard — Live charts and analytics
- URA — Official transaction data
- District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive) — District 16 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: 28 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jan 2026 · 11 records analysed · Source: URA private-sale caveats