HORIZON GARDENS Review

Condo Review 4 min read Last reviewed
District 20 · 99 yrs lease commencing from 1995 · Completed 2002
~$954Avg PSF (12-month)
270Total units
Category Ratings
Walkability
5.0
Investment
6.6
En-Bloc Potential
4.8
ShiokNest Score
5.1

Overview & Key Facts

HORIZON GARDENS is a 99 yrs lease commencing from 1995 condominium at ANG MO KIO AVENUE 2 in District 20 (OCR), developed by ALLGREEN PROPERTIES PTE LTD, comprising 270 units, completed in 2002.

Developer
ALLGREEN PROPERTIES PTE LTD
Tenure
99 yrs lease commencing from 1995
Total units
270
TOP year
2002
District
20 — OCR
Street
ANG MO KIO AVENUE 2
Lease remaining
~68 years (of 99)

Location & Connectivity

HORIZON GARDENS is approximately 700m from Mayflower MRT station, with 3 stations within 1.5 km.

MRT stations near HORIZON GARDENS
StationLineDistance
MayflowerThomson-East Coast Line700m
LentorThomson-East Coast Line750m
Yio Chu KangNorth-South Line1.1 km

Schools & Education

13 schools within 2 km (7 within 1 km priority zone).

Schools near HORIZON GARDENS
SchoolTypeDistance
Mayflower Primary SchoolPrimary450m
Ang Mo Kio Secondary SchoolSecondary710m
Ang Mo Kio Primary SchoolPrimary750m
Jing Shan Primary SchoolPrimary760m
Peirce Secondary SchoolSecondary820m
Yio Chu Kang Primary SchoolPrimary870m
Yio Chu Kang Secondary SchoolSecondary930m
Singapore American SchoolInternational1.2 km

Market Position

HORIZON GARDENS has recorded 29 sales at an average price of $2,516,544.

HORIZON GARDENS sits at the 4th percentile of District 20 condo PSF.
$954 psf
Avg PSF (12mo)
$2,516,544
Avg Price
3.0%
Gross Yield
29
Total Sales

Price Appreciation

PSF trend for HORIZON GARDENS
YearSalesAvg PSFYoY
20215$691 psf
20223$761 psf↑ 10.2%
20235$852 psf↑ 11.9%
20249$881 psf↑ 3.4%
20256$950 psf↑ 7.9%
20261$976 psf↑ 2.7%

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The latest reading marks the highest point in this series — HORIZON GARDENS prices have climbed 41.3% since 2021.

Price Index Check

The ShiokNest Price Index for District 20 reads 143.5 as of June 2026 — up 4.6% 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 20 competitors
CondoTenureAvg PSFSales
AMO RESIDENCE99 yrs lease commencing from 2021$2,152 psf409
JADESCAPE99 yrs lease commencing from 2018$2,107 psf386
THE PANORAMA99 yrs lease commencing from 2013$1,845 psf222
SEMBAWANG HILLS ESTATEFreehold$1,951 psf176
SKY VUE99-year leasehold$1,973 psf171

Lease Analysis

With 68 years remaining on its 99-year lease, HORIZON GARDENS still qualifies for full bank financing and CPF usage.

What Could Work Against You

  • The remaining lease of roughly 68 years is comfortable today, though long-horizon owners will sell into a progressively lease-sensitive market.
  • With just 5 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.

Who This Actually Suits

The profile fits car-owning households, international school families and yield-focused investors best. At ~700m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.

For long-term hold (10+ yr), it can work — but weigh the trade-offs before committing.

mrt-walkable commuters and cpf-only buyers should probably look elsewhere. MRT proximity is the standout commute feature for daily transit users.


Verdict

HORIZON GARDENS is a 99 yrs lease commencing from 1995 development in District 20 (OCR), with 270 units, offering a gross yield of 3.0%.

At ~$954 psf, it represents a competitive entry point in the OCR segment.

Explore the full HORIZON GARDENS dashboard for interactive analytics.

HDB Alternatives Nearby

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

  • Ang Mo Kio — 4-room average $724,816 (100m away), an upgrader gap of about $1,800,000
  • Bishan — 4-room average $791,445 (1.6 km away), an upgrader gap of about $1,750,000

FAQ

What is the average PSF for HORIZON GARDENS?
The 12-month average is approximately $954 psf.
Is HORIZON GARDENS freehold?
HORIZON GARDENS has a 99 yrs lease commencing from 1995 tenure with ~68 years remaining.
What is the rental yield for HORIZON GARDENS?
The estimated gross yield is 3.0%.
Which MRT is nearest to HORIZON GARDENS?
The nearest is Mayflower MRT at 700m.

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: 29 transactions
  • Rental data: 60 leases
  • Source: URA REALIS

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

Data as of March 2026

Latest recorded data point: Mar 2026 · 29 records analysed · Source: URA private-sale caveats

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