Price trend of Serangoon condo with 3 bedrooms

In the Serangoon area, the price trend for 3-bedroom condominiums has shown a mix of stability and variation, largely dependent on the age, location, and amenities of the properties.

Recent Prices

• For newer developments, such as Affinity at Serangoon, prices are around $1,874 to $1,881 per square foot, with unit prices ranging from approximately $2 million to $2.5 million for a 3-bedroom unit.
• In established condos like Chuan Park, which was built in 1984, prices can range from $2,295 to $2,369 per square foot, reflecting the property's age and potential for renovation.
• Other condos like The Scala @ Lorong Chuan, built in 2013, have prices around $1,864 per square foot, indicating a balance between age and modern amenities.

General Trend

• The overall condo resale market in Singapore has seen steady price gains, although the volume of transactions has been declining slightly. This trend suggests that while prices are generally increasing, the market is experiencing some slowing in sales volume.
• The prices in the Rest of Central Region (RCR), where Serangoon is located, have been driving steady gains, contributing to the overall stability and growth in the condo market.

Factors Influencing Prices

• Proximity to amenities, such as MRT stations and schools, significantly impacts prices. Properties closer to these amenities tend to command higher prices.
• The age and condition of the property also play a crucial role, with newer properties generally commanding higher prices per square foot compared to older ones.
• The availability of modern amenities and the overall condition of the condo can also influence the pricing.

In summary, the price trend for 3-bedroom condos in Serangoon reflects a stable to slightly increasing market, influenced by factors such as the property's age, location, and available amenities.