Serenity Park condo in Yio Chu Kang put on the market at S$505 million

[SINGAPORE] Serenity Park, a 179-unit freehold condominium in Yio Chu Kang, is up for sale en bloc at an asking price of S$505 million.

The price tag on the site translates to a land rate of S$1,453 per square foot per plot ratio (psf ppr), said Dillon Loi, director at marketing agency Mount Everest Properties. 

Located along Tamarind Road, the five-storey development comprises 179 units across 10 blocks. The 23,056 square metre (sq m) site, zoned residential with a five-storey height limit in a largely landed estate, has a gross plot ratio of 1.4. Current gross floor area totals 32,278 sq m.

Units at Serenity Park range from 1,098 square feet (sq ft) to 1,722 sq ft. Owners stand to earn a premium of more than 40 per cent over their unit’s current market value, between S$2.4 million and nearly S$3 million, said Loi.

Serenity Park is the first freehold residential development collective sale launched in the year thus far.

“As the majority of residential en bloc sites in recent times tend to be leasehold, they are in direct competition to government land sale sites, which tend to be competitively priced,” said Loi.

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“In Serenity Park’s case, it is a larger freehold residential site in an upcoming region... Family offices or real estate funds should take this rare opportunity to co-invest or co-develop this site with real estate developers as part of their long-term capital deployment strategy.”

Caveats data showed just one transaction at Serenity Park since 2025 – a 1,313 sq ft unit on the second floor that changed hands at S$1.8 million or S$1,348 psf in January that year. 

The tender for Serenity Park will close on Mar 26 at 12 pm.