Overview & Key Facts
CASA ESPANIA is a freehold condominium at GAMBIR WALK in District 19 (OCR), developed by CASA ESPANIA PTE LTD, comprising 19 units, completed in 1992.
Location & Connectivity
CASA ESPANIA is approximately 530m from Serangoon MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Serangoon | North-East Line | 530m |
| Serangoon | Circle Line | 530m |
| Bartley | Circle Line | 620m |
| Woodleigh | North-East Line | 830m |
| Lorong Chuan | Circle Line | 1.4 km |
Schools & Education
11 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Bartley Secondary School | Secondary | 420m |
| Red Swastika School | Primary | 1.1 km |
| Cedar Girls' Secondary School | Secondary | 1.1 km |
| Cedar Primary School | Primary | 1.2 km |
| Zhonghua Secondary School | Secondary | 1.3 km |
| Zhonghua Primary School | Primary | 1.4 km |
| Serangoon Secondary School | Secondary | 1.6 km |
| Montfort Junior School | Primary | 1.8 km |
Market Position
CASA ESPANIA has recorded 2 sales at an average price of $2,230,000.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,199 psf | — |
| 2025 | 1 | $1,456 psf | ↑ 21.4% |
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Price Index Check
The ShiokNest Price Index for District 19 reads 137.0 as of June 2026 — up 2.0% 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 | $1,751 psf | 869 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | $1,595 psf | 642 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | $1,699 psf | 602 |
| SERANGOON GARDEN ESTATE | Freehold | $1,757 psf | 487 |
What Could Work Against You
- Only 1 transactions 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 19 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
- Completed in 1992, the development is over 34 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
The profile fits empty nesters / downsizers, mrt-walkable commuters, car-owning households and long-term hold (10+ yr) best. Manageable scale and accessibility profile work for buyers right-sizing from a larger home.
Verdict
CASA ESPANIA is a freehold development in District 19 (OCR), with 19 units, offering a gross yield of 2.5%.
At ~$1,456 psf, it represents a competitive entry point in the OCR segment.
Explore the full CASA ESPANIA dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CASA ESPANIA against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for CASA ESPANIA?
Is CASA ESPANIA freehold?
What is the rental yield for CASA ESPANIA?
Which MRT is nearest to CASA ESPANIA?
Sources & Next Steps
- CASA ESPANIA Dashboard — Live charts and analytics
- URA REALIS — 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: 2 transactions
- Rental data: 4 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Sep 2025 · 2 records analysed · Source: URA private-sale caveats