The Areca
The Areca is a 99-year leasehold condominium in District 19 (Punggol, Hougang, Serangoon Gardens), within Singapore's Rest of Central Region (RCR). Completed in 2003, the development comprises 21 units, on a lease that commenced in 2000. Sale and rental figures on this page are compiled from URA transaction records.
THE ARECA
Over the 12 months to Jan 2026, The Areca recorded 1 resale transaction at a median $1,008 psf (median price $2,539,999). Source: URA caveat data, as of Jan 2026.
The Areca's median of $1,008 psf over the trailing 12 months places its pricing below roughly 89% of District 19 condos; resale liquidity has been limited with 1 caveat lodged. 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 |
|---|---|---|---|---|---|
| Jan-26 | $2,539,999 | $1,008 psf | 2,519 sqft | - | 5BR |
| May-25 | $2,520,000 | $1,001 psf | 2,519 sqft | - | 5BR |
| Mar-25 | $2,570,000 | $1,047 psf | 2,454 sqft | - | 5BR |
| Jan-25 | $2,450,000 | $994 psf | 2,465 sqft | - | 5BR |
| Dec-24 | $2,520,000 | $1,031 psf | 2,443 sqft | - | 5BR |
| Aug-24 | $2,510,000 | $997 psf | 2,519 sqft | - | 5BR |
| Jun-24 | $2,480,000 | $1,011 psf | 2,454 sqft | - | 5BR |
| Apr-23 | $2,128,888 | $867 psf | 2,454 sqft | - | 5BR |
Can I afford The Areca?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $2,539,999.
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.