CommercialFreeholdDistrict 19 · Serangoon

Serangoon Garden Estate

Reviewed by Nathan TangUpdated 10 August 2026Data through Nov 2003
Quick Summary

Serangoon Garden Estate is a commercial building in District 19 · Serangoon. It is freehold. 1 transaction is on record since 1995, most recently in Nov 2003. ACRA records 0 live company registrations at this address.

1

What are the key facts about Serangoon Garden Estate?

Key takeawaySerangoon Garden Estate is a commercial building in District 19 · Serangoon, held freehold.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
Tenure
Freehold
District / Area
District 19 · Serangoon
Address
23,23a Serangoon Garden Way
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About Serangoon Garden Estate

Serangoon Garden Estate is a mixed-use estate in Serangoon (District 19). It is located along Serangoon Garden Way.

The site is freehold.

1 transaction has been recorded here, at a median of S$497 psf. The most recent was in November 2003.

3

What has Serangoon Garden Estate sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 2003 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2003Shop HouseS$990k1,991 sqft$497

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.

4

What do commercial rents run near Serangoon Garden Estate?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 19 retail

Gross yield (area)
10.3%
9.3% net of property tax
Rent side (median of bands)
$203.46 psm/mo
2026Q2
Price side (strata, 5y)
$2,200 psf
71 sales

An INDICATIVE AREA yield for District 19 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 19 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
B1 & Below · 30 & Below$63.18$70.59$323.45
Level 2 & 3 · 30 & Below$44.44$66.00$73.08
Level 1 · 30 & Below$65.69$92.24$377.30
Level 2 & 3 · >30 - 100$147.73$234.51$281.12
Level 1 · >30 - 100$107.69$250.70$306.57
B1 & Below · >30 - 100$257.47$297.67$372.67
Level 2 & 3 · >100 - 300$109.91$140.32$169.42
Level 1 · >100 - 300$183.40$220.71$251.55

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

5

How many companies are registered at Serangoon Garden Estate?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

6

Frequently asked questions about Serangoon Garden Estate

Where is Serangoon Garden Estate?

Serangoon Garden Estate is at 23,23A Serangoon Garden Way, in the Serangoon planning area.

What is the tenure of Serangoon Garden Estate?

Serangoon Garden Estate is freehold.

What have units at Serangoon Garden Estate sold for?

Across 1 recorded transaction, the median price is S$497 psf. The latest was in November 2003.

For agents · in the PropKaki app

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