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.
Overview & Key Facts
THE ARECA is a 99 yrs lease commencing from 2000 condominium at BUNGA RAMPAI PLACE in District 19 (RCR), developed by TACWEALTH DEVELOPMENT PTE LTD, comprising 21 units, completed in 2003.
Location & Connectivity
THE ARECA is approximately 480m from Tai Seng MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Tai Seng | Circle Line | 480m |
| Bartley | Circle Line | 650m |
| Mattar | Downtown Line | 1.3 km |
| MacPherson | Circle Line | 1.5 km |
| MacPherson | Downtown Line | 1.5 km |
Schools & Education
8 schools within 2 km (2 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Red Swastika School | Primary | 540m |
| Bartley Secondary School | Secondary | 880m |
| Paya Lebar Methodist Girls' School | Secondary | 1.2 km |
| Macpherson Primary School | Primary | 1.4 km |
| DPS International School | International | 1.7 km |
| Zhonghua Secondary School | Secondary | 1.8 km |
| Zhonghua Primary School | Primary | 1.8 km |
| Montfort Junior School | Primary | 2 km |
Market Position
THE ARECA has recorded 10 sales at an average price of $2,362,666.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2022 | 2 | $805 psf | — |
| 2023 | 1 | $867 psf | ↑ 7.8% |
| 2024 | 3 | $1,013 psf | ↑ 16.8% |
| 2025 | 3 | $1,014 psf | ↑ 0.1% |
| 2026 | 1 | $1,008 psf | ↓ 0.5% |
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THE ARECA prices are holding within 0.5% of the 2025 peak, 25.3% above the 2022 starting level.
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 |
Lease Analysis
With 73 years remaining on its 99-year lease, THE ARECA still qualifies for full bank financing and CPF usage.
What Could Work Against You
- About 73 years remain on the lease. Decay is not yet a financing problem, but buyers holding beyond 10-15 years should model the value drag as the 60-year threshold approaches.
- Only 1 transaction 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 21 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
The profile fits families with young children, multi-generational families, empty nesters / downsizers and mrt-walkable commuters best. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
It is a weaker fit for yield-focused investors and short-term flippers (<5 yr) — other options likely serve them better. RCR (Rest of Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
THE ARECA is a 99 yrs lease commencing from 2000 development in District 19 (RCR), with 21 units, offering a gross yield of 2.6%.
At ~$1,013 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full THE ARECA dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing THE ARECA against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for THE ARECA?
Is THE ARECA freehold?
What is the rental yield for THE ARECA?
Which MRT is nearest to THE ARECA?
Sources & Next Steps
- THE ARECA 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: 10 transactions
- Rental data: 2 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jan 2026 · 10 records analysed · Source: URA private-sale caveats