Overview & Key Facts
CLASSICAL TERRACE is a 99 yrs lease commencing from 1993 condominium at JALAN RINDU in District 19 (OCR), developed by SINO-INDO LAND PTE LTD, comprising 23 units, completed in 1995.
Location & Connectivity
CLASSICAL TERRACE is approximately 410m from Bartley MRT station, with 4 stations within 1.5 km.
Schools & Education
10 schools within 2 km (2 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Bartley Secondary School | Secondary | 320m |
| Red Swastika School | Primary | 930m |
| Cedar Girls' Secondary School | Secondary | 1.2 km |
| Zhonghua Secondary School | Secondary | 1.2 km |
| Cedar Primary School | Primary | 1.2 km |
| Zhonghua Primary School | Primary | 1.3 km |
| Montfort Junior School | Primary | 1.6 km |
| Serangoon Secondary School | Secondary | 1.6 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 2 | $1,405 psf | $2,400,000 |
| 5+ BR | 4 | $1,220 psf | $2,898,250 |
Market Position
CLASSICAL TERRACE has recorded 6 sales at an average price of $2,732,167.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2022 | 1 | $1,160 psf | — |
| 2023 | 4 | $1,301 psf | ↑ 12.1% |
| 2024 | 1 | $1,327 psf | ↑ 2.0% |
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CLASSICAL TERRACE prices sit at a fresh series high after a 2.0% gain on the prior period, now 14.4% above the 2022 starting level.
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 |
Lease Analysis
With 66 years remaining on its 99-year lease, CLASSICAL TERRACE still qualifies for full bank financing and CPF usage.
What Could Work Against You
- About 66 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 0 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 23 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
- Completed in 1995, the development is over 31 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
Buyers most likely to be happy here: multi-generational families, mrt-walkable commuters, car-owning households and long-term hold (10+ yr). Larger unit configurations or dual-key layouts make this viable for 3-generation households.
For en-bloc speculators, it can work — but weigh the trade-offs before committing.
It is a weaker fit for yield-focused investors and short-term flippers (<5 yr) — other options likely serve them better. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
CLASSICAL TERRACE is a 99 yrs lease commencing from 1993 development in District 19 (OCR), with 23 units, offering a gross yield of 3.7%.
Explore the full CLASSICAL TERRACE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CLASSICAL TERRACE against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for CLASSICAL TERRACE?
Is CLASSICAL TERRACE freehold?
What is the rental yield for CLASSICAL TERRACE?
Which MRT is nearest to CLASSICAL TERRACE?
Sources & Next Steps
- CLASSICAL TERRACE 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: 6 transactions
- Rental data: 1 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Nov 2024 · 6 records analysed · Source: URA private-sale caveats