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Commercial Directory · Office · Retail · District 19

Upper Serangoon Shopping Centre

10 sales from Nov 2022 to Jul 2024, at a median $1,968 psf (Nov 2022 to Jul 2024).

District 19 At a glance

Median psf, all sales
$1,968
Sales since Nov 2022
10
Latest sale, Jul 2024
$2,343 psf
Tenure
Freehold

5 of 5 sellers with a known purchase price sold for more than they paid; the median made 13.5% a year.

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Median psf by year Price trend

YearUnit salesMedian psf
20221$1,907
20235$1,897
20244$2,202

A median moves with which units sold that year (floor, size, ground-floor shops), so a small year can swing.

10 sales Every sale

DateTypeLevelSq ftPricePsfSaleSeller boughtProfitA year
18 Jul 2024Retail3248$580,000$2,343ResaleMay 2024, $510k$70k85.5%
10 May 2024Office4205$550,000$2,689ResaleNov 2022, $390k$160k26.8%
3 May 2024Retail3248$510,000$2,060ResaleDec 2014, $490k$20k0.4%
13 Feb 2024Retail2183$350,000$1,913Resale–––
24 Oct 2023Retail2570$1,080,000$1,893Resale–––
29 Aug 2023Retail4205$388,000$1,897Resale–––
17 Aug 2023Office4205$428,000$2,093ResaleAug 2014, $428k––
25 Apr 2023Retail3258$485,000$1,877ResaleApr 1997, $325k$160k1.6%
6 Apr 2023Office1183$370,000$2,022Resale–––
29 Nov 2022Retail4205$390,000$1,907ResaleAug 2021, $330k$60k13.5%

URA Realis caveats via Huttons, to 13 Oct 2026. Sq ft is the strata area. Profit is the sale price less the seller's purchase price, before stamp duty, GST and fees; “a year” is that gain as a yearly rate over the time held. Unit numbers are left out.

Upper Serangoon Shopping Centre Questions

How much does a unit at Upper Serangoon Shopping Centre cost?

10 unit sales at Upper Serangoon Shopping Centre from Nov 2022 to Jul 2024 went for $1,877 to $2,689 psf, a median $1,968 psf on units of 183 to 570 sq ft. The latest, in Jul 2024, was $580,000 for 248 sq ft ($2,343 psf).

Did sellers at Upper Serangoon Shopping Centre make money?

5 of 5 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller made $70k, 13.5% a year, before stamp duty, GST, fees and the rent collected while they held it.

What kind of property is Upper Serangoon Shopping Centre?

The sales here are office and retail units in District 19 (Outside Central Region), most on a freehold title. Commercial units carry no Additional Buyer’s Stamp Duty and cannot be bought with CPF.

Thinking of buying here to rent out? Check the yield and break-even in the Commercial Deal Check.