The Florence Residences
Located in District 19 (Punggol, Hougang, Serangoon Gardens), The Florence Residences is a 99-year leasehold condominium in the Outside Central Region (OCR). The development was completed in 2021 and comprises 1410 units, on a lease that commenced in 2018. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
THE FLORENCE RESIDENCES
Over the 12 months to Jul 2026, The Florence Residences recorded 100 resale transactions at a median $1,873 psf (median price $1,278,000), and 282 rental contracts at a median $3,300/mo, a gross rental yield of 3.1%. Source: URA caveat data, as of Jul 2026.
The Florence Residences's median of $1,873 psf over the trailing 12 months places its pricing above roughly 80% of District 19 condos; resale liquidity has been active with 100 caveats lodged; the 3.1% gross rental yield sits above the ~3% private-market benchmark. 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 |
|---|---|---|---|---|---|
| Jul-26 | $3,420,000 | $2,037 psf | 1,679 sqft | 06 to 10 | 4BR |
| Jul-26 | $1,228,000 | $1,840 psf | 667 sqft | 01 to 05 | 1BR |
| Jul-26 | $1,870,000 | $2,044 psf | 915 sqft | 11 to 15 | 2BR |
| Jul-26 | $1,280,000 | $1,918 psf | 667 sqft | 16 to 20 | 1BR |
| Jun-26 | $1,870,000 | $2,020 psf | 926 sqft | 06 to 10 | 2BR |
| Jun-26 | $1,787,000 | $1,930 psf | 926 sqft | 01 to 05 | 2BR |
| Jun-26 | $855,000 | $1,765 psf | 484 sqft | 11 to 15 | Studio |
| Jun-26 | $1,938,000 | $1,979 psf | 980 sqft | 11 to 15 | 3BR |
Can I afford The Florence Residences?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $1,278,000.
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.