Overview & Key Facts
FORTUNA GARDENS is a 999 yrs lease commencing from 1883 condominium at DA SILVA LANE in District 19 (OCR), developed by .
Location & Connectivity
FORTUNA GARDENS is approximately 500m from Kovan MRT station, with 2 stations within 1.5 km.
Schools & Education
20 schools within 2 km (11 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Xinmin Primary School | Primary | 120m |
| Xinmin Secondary School | Secondary | 280m |
| Holy Innocents' High School | Secondary | 330m |
| Holy Innocents' Primary School | Primary | 390m |
| St. Gabriel's Primary School | Primary | 590m |
| Rosyth School | Primary | 770m |
| Hougang Primary School | Primary | 770m |
| Hougang Secondary School | Secondary | 770m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 3 | $2,224 psf | $3,893,333 |
| 5+ BR | 3 | $1,618 psf | $4,885,629 |
Market Position
FORTUNA GARDENS has recorded 6 sales at an average price of $4,389,481.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,396 psf | — |
| 2023 | 2 | $2,519 psf | ↑ 80.4% |
| 2024 | 2 | $1,495 psf | ↓ 40.7% |
| 2025 | 1 | $2,101 psf | ↑ 40.5% |
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From the 2023 high, FORTUNA GARDENS prices have given back 16.6% — still 50.5% above the 2021 baseline. The most recent period recovered 40.5%, so the pullback may be finding a floor.
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
- With just 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
Best suited for
Who This Actually Suits
This is a strong match for families with young children, p1 school balloting families, long-term hold (10+ yr) and freehold / generational hold. Family-suitable layout and OCR (Outside Central Region) location with established school catchments nearby.
For car-owning households and foreign / absd-aware buyers, it can work — but weigh the trade-offs before committing.
It is a weaker fit for yield-focused investors, short-term flippers (<5 yr) and resort facilities — 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
FORTUNA GARDENS is a 999 yrs lease commencing from 1883 development in District 19 (OCR), offering a gross yield of 1.6%.
At ~$2,101 psf, it represents a competitive entry point in the OCR segment.
Explore the full FORTUNA GARDENS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing FORTUNA GARDENS against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for FORTUNA GARDENS?
Is FORTUNA GARDENS freehold?
What is the rental yield for FORTUNA GARDENS?
Which MRT is nearest to FORTUNA GARDENS?
Sources & Next Steps
- FORTUNA GARDENS 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: 4 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jun 2025 · 6 records analysed · Source: URA private-sale caveats