Serangoon Gardens is one of Singapore’s oldest residential estates, dating back to the 1950s. It was established to accommodate British military officers based at the former Royal Air Force camp at Chia Keng.
Today, one can still see this laid-back neighbourhood’s ties to its British past. Many of the streets in Serangoon Gardens have names relating to Britain such as Kensington Park Road, Farleigh Avenue and Brockhampton Drive.
Another landmark in the estate is the Serangoon Gardens Country Club (SGCC). Originally known as the Serangoon Gardens Sports Club, it opened its doors in 1956 and was patronised by British officers and their families. 65 years later, SGCC still operates as a family-friendly recreational club where members can swim, bowl, exercise and relax.
Just behind SGCC, tucked along Hythe Road, is a brand new 2½-storey corner terraced house that is up for sale. Sitting on a land plot of 2,700 sq ft, the property is built by developer WBL Development who had purchased the previous 2,702 sq ft home situated on the 999-year leasehold site in 2019 for $2.78 million, based on the caveat lodged with URA Realis.
WBL tore down the previous house and started from scratch, constructing the new property with an enlarged built-up area of 4,600 sq ft. With an asking price of $5.68 million, this translates to a psf price of $2,103. The property has a total of six bedrooms, along with an additional helper’s room.
The first floor features an open-plan living and dining room that provides a spacious area to entertain guests. “The living room can easily fit an eight-to-ten-seater sofa,” says Rosabelle Chua, associate branch director at PropNex, who is marketing the property. She also points out that the dining area can similarly fit a dining table for up to 10 comfortably.
The space has full marble flooring, with a dry kitchen separating the dining area from the wet kitchen. Both kitchens come with built-in cabinetry along with an induction cooktop for the dry kitchen and a gas hob and hood for the wet kitchen. Just off the dining area is a home lift that travels to all floors in the house. Chua points out that the lift, along with the first-floor bedroom that’s suitable for an elderly parent, makes the house a good candidate for multi-generational living.
A wide timber staircase leads to the second floor of the house, where the master and junior master suites are located. Both feature designated areas for owners to construct builtin wardrobes as well as en-suite bathrooms.
For Chua, the sheer size of the rooms is a key feature, pointing out that each room can accommodate not one but two king-sized beds. The master bedroom also comes with a large balcony area that overlooks the quiet Hythe Road. In between the master and junior suites is a common area that can be used as an informal family space.
The attic floor of the property houses the remaining three bedrooms, including two that can each fit a king-sized bed and comes with respective balcony space. The smaller third bedroom is a flexible space that can be used as an entertainment room, office space, or a study area.
Fixtures including air conditioning units, sanitary ware, and lighting have been fitted throughout the house. The property is anticipated to receive its temporary occupation permit in 4Q2021.
‘Like a Holland Village’
Chua says Serangoon Gardens is a highly sought-after residential estate, thanks to the amenities and eateries that have shaped this once sleepy estate into a popular hangout area. “It feels like a Holland Village,” she remarks.
One of the estate’s most popular attractions is Chomp Chomp Food Centre, where diners can tuck into local food such as barbecued stingray, carrot cake and freshly squeezed sugarcane juice. Other food offerings include Serangoon Garden Market as well as several cafes and other eateries that have opened up at the shophouses clustered near the estate’s iconic central roundabout, Serangoon Gardens Circus.
Interestingly, Serangoon Gardens is also home to a small but established French community, due to the International French School located in the vicinity. The presence of French expatriates has earned Serangoon Gardens the nickname of “Little France of Singapore”, and visitors can find hard-to-find French cheeses and wines in the area at stores such as LPB Market.
Pricing still attractive
Over the past year, terrace houses in Serangoon Gardens have sold at an average psf price of $1,434, based on URA data. But in recent months, houses at the estate have started transacting at more than $2,000 psf, which Chua attributes to the robust property market as well as supply constraints for landed properties in general. In February, a terrace house on Cowdray Avenue sold for $3.35 million or $2,072 psf, while another terrace home sold for $3.8 mil or $2,066 psf in July. More recently, a terrace house on Chiselhurst Grove sold for $5.29 mil or $2,003 psf in September.
For Chua, the asking price for the property on Hythe Road at $2,103 psf remains attractive not just because of its brand new condition and location within the “catchment area” surrounding Chomp Chomp but also because of future developments. The house is located less than a 10-minute walk away from the site of the Tavistock MRT station that sits on the upcoming Cross Island line.
According to Chua, potential buyers interested in the property run the gamut from those upgrading from condos or HDBs to those already living in landed property. In addition, the demographic of the buyers also vary, ranging from couples to families and single buyers. Chua believes the wide pool of interest stems from its size. “The house also attracts those who may be looking for a semi-detached house, given that it’s a corner unit [offering] PropNex’s Chua: [Serangoon Gardens] feels like a Holland Village similar land size,” she explains.