#hackyourhousehunt
Finding Hidden Gems In Singapore’s Private Housing Market:
Serangoon
When “Serangoon” is mentioned, images of the hokkien mee and fried carrot cake at Chomp Chomp Food Centre pop up alongside NEX, a suburban mall located at the nexus of two Mass Rapid Transit (MRT) lines, the North-East Line and the Circle Line.
The Serangoon Planning Area is made up of 42,997 public and private homes. Landed homes comprise about 24.9% of the total housing stock in Serangoon Planning Area, with non-landed private homes and public Housing Development Board (HDB) flats comprising around 24.8% and 50.3% respectively.
Diners at Chomp Chomp Food Centre, Serangoon Garden Market or any of the hipster cafes and restaurants found at Serangoon Gardens cannot miss the rows of landed homes in the area.
More landed areas in the Serangoon Planning Area can be found along Yio Chu Kang Road and Ang Mo Kio Avenue 5. These homes date back to the late 1970s to the 1990s, with most built on freehold or 999-year leasehold land. Prominent landed developments in these areas include Camelia Park, Hock Swee Hill, Mimosa Vale, Mimosa Villas and Seletar Hills Estate. Despite the lack of an MRT station in the immediate vicinity, these areas offer serenity in a low-density living environment far from the madding crowd – almost an exclusive landed housing haven in high-rise Singapore.
Although all eyes are on the newly-launched Chuan Park’s popularity, perhaps one can take a step back to appreciate the variety of landed homes in Serangoon Planning Area, where prices are more affordable in comparison to islandwide averages.
Read more on Knight Frank’s latest research report of our #hackyourhousehunt series. Download the report below.