Primo Residences
Primo Residences is a freehold condominium in District 19 (Punggol, Hougang, Serangoon Gardens), within Singapore's Outside Central Region (OCR). The development was completed in 2013 and comprises 64 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
PRIMO RESIDENCES is a freehold condominium at JALAN PELIKAT in District 19 (OCR), developed by TAIPAN INTERNATIONAL ASSOCIATES PTE LTD, comprising 64 units, completed in 2013.
Location & Connectivity
PRIMO RESIDENCES is approximately 660m from Kovan MRT station.
| Station | Line | Distance |
|---|---|---|
| Kovan | North-East Line | 660m |
Schools & Education
19 schools within 2 km (10 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Montfort Junior School | Primary | 250m |
| DPS International School | International | 320m |
| Montfort Secondary School | Secondary | 350m |
| Zhonghua Primary School | Primary | 450m |
| Zhonghua Secondary School | Secondary | 510m |
| St. Gabriel's Primary School | Primary | 740m |
| Hougang Secondary School | Secondary | 820m |
| Hougang Primary School | Primary | 910m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 2 | $1,324 psf | $619,000 |
| 1 BR | 3 | $1,340 psf | $770,000 |
| 2 BR | 3 | $1,367 psf | $1,159,333 |
| 3 BR | 2 | $1,290 psf | $1,389,000 |
| 4 BR | 3 | $1,191 psf | $1,856,333 |
Market Position
PRIMO RESIDENCES has recorded 13 sales at an average price of $1,182,538.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at PRIMO RESIDENCES typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 1 BR | $2,565/mo | $770,000 | 4.00% | $333/mo |
| 2 BR | $3,314/mo | $1,159,333 | 3.43% | $286/mo |
| 3 BR | $3,879/mo | $1,389,000 | 3.35% | $279/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 3 | $1,224 psf | — |
| 2022 | 3 | $1,268 psf | ↑ 3.6% |
| 2023 | 1 | $1,478 psf | ↑ 16.6% |
| 2024 | 3 | $1,302 psf | ↓ 11.9% |
| 2025 | 1 | $1,308 psf | ↑ 0.5% |
| 2026 | 2 | $1,378 psf | ↑ 5.3% |
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PRIMO RESIDENCES prices have cooled 6.8% from the 2023 peak, yet remain 12.6% above where the series began in 2021. The most recent period recovered 5.3%, so the pullback may be finding a floor.
Price Index Check
The ShiokNest Price Index for District 19 reads 131.3 as of June 2026 — up 2.8% 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 |
|---|---|---|---|
| CHUAN PARK | 99 yrs lease commencing from 2024 | $2,596 psf | 883 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | $1,752 psf | 873 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | $1,596 psf | 648 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | $1,699 psf | 604 |
| SERANGOON GARDEN ESTATE | Freehold | $1,759 psf | 491 |
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 64 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
This is a strong match for car-owning households, quiet sanctuary seekers, long-term hold (10+ yr) and freehold / generational hold. Parking and arterial road access matter more here than walking-distance MRT.
For yield-focused investors, it can work — but weigh the trade-offs before committing.
resort facilities should probably look elsewhere. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
PRIMO RESIDENCES is a freehold development in District 19 (OCR), with 64 units, offering a gross yield of 3.0%.
At ~$1,354 psf, it represents a competitive entry point in the OCR segment.
Explore the full PRIMO RESIDENCES dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PRIMO RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for PRIMO RESIDENCES?
Is PRIMO RESIDENCES freehold?
What is the rental yield for PRIMO RESIDENCES?
Which MRT is nearest to PRIMO RESIDENCES?
Sources & Next Steps
- PRIMO RESIDENCES Dashboard — Live charts and analytics
- URA — Official transaction data
- District 19 (Punggol, Hougang, Serangoon Gardens) — District 19 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: 13 transactions
- Rental data: 77 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2026 · 13 records analysed · Source: URA private-sale caveats