THE OLD HOUSE
UrbanLens Analysis
THE OLD HOUSE is a 6-minute walk from Kovan MRT on Upper Serangoon Road in D19 (Hougang/Punggol/Sengkang). This boutique 6-unit OCR project. The D19 neighbourhood ranges from RIVERFRONT RESIDENCES ($1,706) to CHUAN PARK ($2,596) — the competitive set to watch.
The -100.0% decline over 24 months (0 transactions) is a warning sign in a market where most condos have appreciated. Contrast that with RIVERFRONT RESIDENCES at +6.8%. Freehold tenure eliminates lease decay risk and keeps CPF/financing fully accessible indefinitely — a structural edge over 99-year neighbours.
No rental data available for THE OLD HOUSE, but D19 averages 3.4% gross yield for reference. Nearby THE GARDEN RESIDENCES achieves 3.94% yield as a reference point. The compact 6-unit format means limited resale activity — buyers should expect longer holding periods and fewer price discovery points.
Bottom line: THE OLD HOUSE is in a correction. The discount may be opportunity, but validate the cause before buying into weakness — falling prices in a rising market deserve scrutiny. Watch for: just 6 units means thin resale liquidity; negative price momentum.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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