99-yearOCRDistrict 19 (Hougang)

Heron Bay

Reviewed by Nathan TangUpdated 24 September 2026Data through Jul 2026 (URA)
Quick Summary

Heron Bay is a 99-year executive condominium in District 19 (Hougang) that obtained TOP in 2015, with 394 units across 7 blocks. Across 629 transactions on record, units have recently transacted around S$1.50M (S$1,413 psf, ~1,033 sqft). There are 68 units for sale from S$1.38M to S$3.30M. The lease has approximately 85 years remaining.

Key facts about Heron Bay
Tenure99-year leasehold from 2012 (≈85 years left)
TOP year2015
DeveloperSERANGOON EC PTE LTD
Units394 in 7 blocks
District and areaDistrict 19 · Hougang · OCR
Nearest MRTKangkar LRT, 865 m (~14 min walk)
Latest median psfS$1,413 psf, last 12 URA caveats to Jul 2026
1

What's for sale and for rent at Heron Bay?

Key Takeaway

Heron Bay has 68 units listed for sale, asking S$1.38M to S$3.30M (median S$1,468 psf), and 22 units for rent at a median of S$2,300 a month.

For sale

68 listings

S$1.38M – S$3.30M

For rent

22 listings

S$1,300 – S$5,499 a month

BedroomsFor saleAsking priceMedian PSF
3-bedroom16S$1.38M–S$3.00MS$1,450 psf
4-bedroom52S$1.80M–S$3.30MS$1,468 psf

Asking prices of units currently listed on property portals, not transacted prices.

2

What are the floor plans and unit sizes at Heron Bay?

Key Takeaway

Floor plans for Heron Bay aren't in PropKaki's library yet. Across 629 URA caveats, units range from 775 sqft to 2,842 sqft, and the middle half are 1,033 sqft to 1,389 sqft.

Unit typeSizes listed for saleAsking from
3-bedroom1,033 sqft to 2,002 sqftS$1.38M · S$1,450 psf
4-bedroom1,281 sqft to 2,583 sqftS$1.80M · S$1,468 psf

Check the Floor Plan Finder for Heron Bay →

Unit sizes from URA caveats. Listed sizes from current property listings.

3

What is the price and PSF at Heron Bay?

Key Takeaway

Units have recently transacted around S$1.50M (S$1,413 psf), at a gross rental yield of about 2.5% (URA caveat data).

Recent median price

S$1.50M

recent · 629 sales on record

Median PSF

S$1,413 psf

recent transactions

Median rent (monthly)

S$3,164

117 rentals on record

Gross rental yield

2.5%

indicative, gross

Units currently for sale are asking a median of S$1,468 psf — about 4% above the most recent transacted PSF.

Source: URA caveat data, through Jul 2026.

4

What has recently sold at Heron Bay?

Key Takeaway

Heron Bay has 629 recorded sales; the most recent transacted at S$2,088,888 in Jul 2026 (URA caveat data).

DatePriceSize (sqft)PSF
Jul 2026S$2,088,8881,389S$1,504 psf
Jul 2026S$1,460,0001,033S$1,413 psf
Jun 2026S$2,380,0001,507S$1,579 psf
Jun 2026S$1,500,0001,023S$1,467 psf
May 2026S$1,415,0001,033S$1,369 psf
May 2026S$1,150,000775S$1,484 psf
Apr 2026S$1,450,0001,033S$1,403 psf
Apr 2026S$1,385,0001,033S$1,340 psf
Mar 2026S$1,696,0001,281S$1,324 psf
Feb 2026S$1,538,8881,259S$1,222 psf
Jan 2026S$1,838,0001,281S$1,435 psf
Dec 2025S$1,850,0001,281S$1,444 psf

629 sales and 117 rentals on record since Oct 2012. Source: URA.

5

Are prices at Heron Bay rising?

Key Takeaway

The median transacted PSF at Heron Bay has risen 82% over the past 12 years (20142026), from S$778 psf to S$1,413 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2026S$1,413 psfS$1.50M11+3.4%
2025S$1,366 psfS$1.60M32+4.8%
2024S$1,304 psfS$1.62M42+4.1%
2023S$1,253 psfS$1.52M22+16.3%
2022S$1,077 psfS$1.30M31+14.6%
2021S$940 psfS$1.21M82+0.3%
2020S$937 psfS$1.11M30+4.1%
2019S$900 psfS$920k2+6.8%
2018S$843 psfS$862k2+8.4%
2014S$778 psfS$927k6

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

6

Is Heron Bay a good investment?

Key Takeaway

Of 246 units at Heron Bay that were bought and later resold (bought from 2012, resold up to 2026), 100% sold for more than they were bought for, with a median gain of 39% over a median 8.5-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.5%. Units listed now ask about 4% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Sold for more than bought

100%

of 246 resales here

Median gain

39%

gross, before costs

Median hold

8.5 years

bought to resold

Every unit at Heron Bay with a purchase and a later resale on record, matched from URA caveats. Check the odds for your unit size and holding period →

7

Where is Heron Bay and what's nearby?

Key Takeaway

Heron Bay is located in Hougang, in the North-East Region of Singapore.

Heron Bay is a 99-year executive condominium completed in 2015. It was developed by SERANGOON EC PTE LTD. The development has 394 residential units. It sits on a land area of 12,399 sqm and has a gross floor area of 43,397 sqm. The plot ratio is 3.5.

HERON BAY is located at 63 Upper Serangoon View, Singapore 534014. It is part of District 19, Serangoon Garden / Hougang / Punggol, Hougang. The project falls within the North-East Region and the OCR market segment.

The nearest rail connection is Kangkar LRT, approximately 865m away, around 14 minutes on foot. Nearby amenities include Hougang Mall for shopping, NTUC Fairprice Co-operative Ltd for groceries, and Punggol Pk for greenery and recreation.

8

How far is Heron Bay from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Heron Bay is Kangkar LRT, about 865 m away (~14 min walk). 5 schools are within 1 km, including 2 primary schools.

Getting around

Schools nearby

Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

  • Serangoon Secondary SchoolSecondary schoolwithin 1 km211 m
  • North Vista Secondary SchoolSecondary schoolwithin 1 km702 m
  • Chij Our Lady Of The NativityPrimary schoolwithin 1 km · P1 priority703 m
  • Holy Innocents' High SchoolSecondary schoolwithin 1 km917 m
  • Punggol Primary SchoolPrimary schoolwithin 1 km · P1 priority979 m
  • North Vista Primary SchoolPrimary school1.1 km
  • North Spring Primary SchoolPrimary school1.2 km
  • Seng Kang Secondary SchoolSecondary school1.3 km

Shops, food & parks

Mall: Hougang Mall · 1.1 kmSupermarket: NTUC Fairprice Co-operative Ltd · 145 mPark: Punggol Pk · 510 m

Straight-line distances from the development. Source: PropKaki amenities data.

9

Who built Heron Bay and how big is the development?

Key Takeaway

Heron Bay was developed by SERANGOON EC PTE LTD, designed by SURBANA INTERNATIONAL CONSULTANTS PTE LTD, with 394 units over up to 17 storeys.

Developer
SERANGOON EC PTE LTD
Architect
SURBANA INTERNATIONAL CONSULTANTS PTE LTD
Main contractor
WEE POH CONSTRUCTION CO (PTE) LTD
Floors
17 storeys
Blocks
7
Land area
12,399 sqm (133,462 sqft)
Gross floor area
43,397 sqm (467,121 sqft)
Plot ratio
3.50
10

What does it cost to own a unit at Heron Bay?

Key Takeaway

Buying a unit at Heron Bay (~S$1.50M) needs about S$10,980/mo in income and S$5,052/mo in repayments, after S$44,600 stamp duty and a S$375k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.50M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$44,600

BSD, tiered

Downpayment (25%)

S$375k

cash + CPF

Monthly instalment

S$5,052/mo

30y @ 3.5%

Income required

S$10,980/mo

TDSR @ stress rate

Read how to tell if a condo is profitable →

11

How many property agents are active around Heron Bay?

Key Takeaway

11,112 CEA-registered agents closed at least one recorded deal in District 19 — where Heron Bay sits — in the last 12 months, across all property types.

Active agents · 12mo

11,112

District 19 · closed ≥1 deal

Deals on record

72,395

all-time · all property types

Source: CEA public transaction records, attributed to District 19 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

Keep going in the PropKaki app

Thinking about Heron Bay? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from Heron Bay's own transactions.

PropKaki
Is Heron Bay a good buy, and what are units selling for?

Recent units at Heron Bay sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
12

Frequently asked questions about Heron Bay

Is Heron Bay freehold?

No. Heron Bay is on a 99-year lease that started in 2012, with about 85 years left.

How old is Heron Bay?

Heron Bay was completed (obtained TOP) in 2015, so it is about 11 years old.

Is Heron Bay a good investment?

Of 246 units at Heron Bay that were bought and later resold (bought from 2012, resold up to 2026), 100% sold for more than they were bought for, with a median gain of 39% over a median 8.5-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.5%. Units listed now ask about 4% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Is Heron Bay an EC?

Yes. Heron Bay is an executive condominium (EC).

Who is the developer of Heron Bay?

Heron Bay was developed by SERANGOON EC PTE LTD.

What is the price of a condo at Heron Bay?

Units at Heron Bay have recently sold for around S$1.50M (S$1,413 psf), the median of the last 12 URA caveats to Jul 2026. The price depends on size, floor and facing. 68 units are listed for sale from S$1.38M to S$3.30M.

Where is Heron Bay located?

Heron Bay is at 63 Upper Serangoon View, Singapore 534014, in Hougang (District 19). The nearest MRT station is Kangkar LRT, about 865 m away.

How many units are there in Heron Bay?

Heron Bay has 394 units in 7 blocks, up to 17 storeys high.

How much do I need to earn to buy at Heron Bay?

For a unit around S$1.50M as a first home, you'd need roughly S$10,980/mo in income (assessed at the stress-test rate), with repayments near S$5,052/mo after a S$375k (25%) downpayment and S$44,600 Buyer's Stamp Duty.

Are prices at Heron Bay going up?

The median price per square foot at Heron Bay has risen about 82% between 2014 and 2026, based on URA caveats. The year-by-year figures are in the price-trend table above.

Which primary schools are within 1 km of Heron Bay?

Chij Our Lady Of The Nativity, Punggol Primary School are within 1 km of Heron Bay. Homes within 1 km of a primary school get priority in Primary 1 (P1) registration.