FLORENCE GARDENS Review

Condo Review 4 min read Last reviewed
District 19 · 947 yrs lease commencing from 1934
~$1,948Avg PSF (12-month)
Total units
Category Ratings
Walkability
6.8
Investment
3.1
En-Bloc Potential
3.9
ShiokNest Score
2.7

Overview & Key Facts

FLORENCE GARDENS is a 947 yrs lease commencing from 1934 condominium at FLORENCE ROAD in District 19 (OCR), developed by .

Developer
Tenure
947 yrs lease commencing from 1934
Total units
TOP year
District
19 — OCR
Street
FLORENCE ROAD

Location & Connectivity

FLORENCE GARDENS is approximately 650m from Kovan MRT station, with 2 stations within 1.5 km.

MRT stations near FLORENCE GARDENS
StationLineDistance
KovanNorth-East Line650m
HougangNorth-East Line940m

Schools & Education

19 schools within 2 km (9 within 1 km priority zone).

Schools near FLORENCE GARDENS
SchoolTypeDistance
Holy Innocents' Primary SchoolPrimary270m
Holy Innocents' High SchoolSecondary320m
Xinmin Primary SchoolPrimary520m
St. Gabriel's Primary SchoolPrimary560m
Hougang Primary SchoolPrimary580m
Hougang Secondary SchoolSecondary620m
Xinmin Secondary SchoolSecondary670m
Rosyth SchoolPrimary940m

Unit Mix & Pricing

Unit mix for FLORENCE GARDENS
TypeSalesAvg PSFAvg Price
4 BR3$1,798 psf$3,023,333
5+ BR1$1,524 psf$4,970,000

Market Position

FLORENCE GARDENS has recorded 4 sales at an average price of $3,510,000.

FLORENCE GARDENS sits at the 80th percentile of District 19 condo PSF.
$1,948 psf
Avg PSF (12mo)
$3,510,000
Avg Price
2.1%
Gross Yield
4
Total Sales

Price Appreciation

PSF trend for FLORENCE GARDENS
YearSalesAvg PSFYoY
20211$1,422 psf
20221$1,602 psf↑ 12.7%
20252$1,948 psf↑ 21.6%

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The latest reading marks the highest point in this series — FLORENCE GARDENS prices have climbed 37.0% since 2021.

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

District 19 competitors
CondoTenureAvg PSFSales
CHUAN PARK99 yrs lease commencing from 2024$2,596 psf883
THE FLORENCE RESIDENCES99 yrs lease commencing from 2018$1,751 psf869
RIVERFRONT RESIDENCES99 yrs lease commencing from 2018$1,595 psf642
AFFINITY AT SERANGOON99 yrs lease commencing from 2018$1,699 psf602
SERANGOON GARDEN ESTATEFreehold$1,757 psf487

What Could Work Against You

  • With just 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.

Who This Actually Suits

This is a strong match for families with young children, long-term hold (10+ yr) and freehold / generational hold. Editorial fit: 'School-priority families (Holy Innocents' Pri + High at doorstep)'. Family-suitable layout and OCR (Outside Central Region) location with established school catchments nearby.

For car-owning households, it can work — but weigh the trade-offs before committing.

yield-focused investors and resort facilities should probably look elsewhere. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.


Verdict

FLORENCE GARDENS is a 947 yrs lease commencing from 1934 development in District 19 (OCR), offering a gross yield of 2.1%.

At ~$1,948 psf, it represents a competitive entry point in the OCR segment.

Explore the full FLORENCE GARDENS dashboard for interactive analytics.

HDB Alternatives Nearby

Weighing FLORENCE GARDENS against staying public? These HDB towns sit within walking or short-drive distance:

  • Hougang — 4-room average $630,510 (170m away), an upgrader gap of about $2,900,000
  • Serangoon — 4-room average $685,706 (1.2 km away), an upgrader gap of about $2,800,000
  • Sengkang — 4-room average $658,294 (1.8 km away), an upgrader gap of about $2,850,000

FAQ

What is the average PSF for FLORENCE GARDENS?
The 12-month average is approximately $1,948 psf.
Is FLORENCE GARDENS freehold?
FLORENCE GARDENS has a 947 yrs lease commencing from 1934 tenure.
What is the rental yield for FLORENCE GARDENS?
The estimated gross yield is 2.1%.
Which MRT is nearest to FLORENCE GARDENS?
The nearest is Kovan MRT at 650m.

Sources & Next Steps

Methodology & Sources

This analysis covers All available years and refreshes as new data becomes available.

Transaction data sourced from URA REALIS.

  • Sales data: 4 transactions
  • Rental data: 1 leases
  • Source: URA REALIS

Median values used to minimise outlier impact. PSF = price per square foot.

Data as of March 2025

Latest recorded data point: Mar 2025 · 4 records analysed · Source: URA private-sale caveats

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