Nicon Gardens rent and sale price
D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang
Address 61c Choa Chu Kang Road Nicon Gardens Singapore 689391
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Condominium, Non-Landed Properties, Terrace House 14 transactions 99-year leasehold from 1981 Latest records Jun 2026
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Project read
Quick summary about Nicon Gardens
Nicon Gardens is a 99-year leasehold condominium in D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang. The page currently tracks 8 rentals and 6 sales.
- Typical rent is $4,350 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $1,824,400, with median sale PSF at $911 psf and total recorded sale value of $10.0M.
- Rent is up 65.7% over the last 3 months. Sale PSF is up 28.5% over the last 3 months.
Nicon Gardens Market Position
How this project compares with the wider D23 market before you read the detailed tables.
Rent vs D23 +24.3%
Rents above district median
Nicon Gardens's median rent is $4,350 compared with the D23 median of $3,500. Use this as the district-level check before narrowing by bedroom and area band.
Sale PSF vs D23 -38.7%
Sale PSF below district median
Nicon Gardens's median sale PSF is $911 psf versus the D23 median of $1,486 psf. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 2.86%
Rent support near district screen
Gross yield is roughly 2.86% versus a D23 screen of 2.92%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 77.0% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity +0.0%
Activity is steady
Recent transaction volume is close to the prior 6-month view.
Tenure lens 99-year leasehold
Leasehold comparison needed
99-year leasehold from 1981 matters most on sale price. Compare Nicon Gardens against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Nicon Gardens Decision Snapshot
Fast checks for rent fairness, purchase pricing, stable rent and transaction activity before you dig into the tables.
Median rent $4,350
Is the asking rent fair?
$4,150 to $4,550 is the first fair-rent band to check. Above $4,550 should have a visible reason.
Median sale PSF $911 psf
Is the purchase price fair?
$1,770,000 to $1,880,000 and $880 to $940 psf are the first sale checks before adjusting for floor, size, view and condition.
Unknown bedroom rent $4,350
Are similar units renting for more?
Unknown bedroom and 1,900 to 2,000 sqft give the closest unit-size checks.
Rent stability 77.0% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume +0.0%
Is activity rising?
Activity is steady. Recent transaction volume is close to the prior 6-month view.
Run Nicon Gardens numbers
Use the typical rent and sale price from this project page as a starting point, then adjust the calculator assumptions.
Rental yield $4,350/mo Test gross and net yield against typical rent. Buy vs rent $1.8M Compare ownership cost against renting. Mortgage $1.8M Estimate monthly payment from the sale price. Stamp duty $911 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
Nicon Gardens Project Facts
Project-level details from URA records and local enrichment.
Tenure 99-year leasehold from 1981
Property type Condominium, Non-Landed Properties, Terrace House
Sales 6 resale transactions
Total sold value $10.0M
Nicon Gardens Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 8 Sept 2021 to Feb 2026
Sale transactions 6 Oct 2021 to Dec 2024
Rent trend 65.7% Last 3 months
Sale PSF trend 28.5% Last 3 months
Nicon Gardens Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
BUKIT PANJANG MRT STATION 0.39 km away
BUKIT PANJANG MRT STATION (DT1) 0.4 km away
CASHEW MRT STATION 1.13 km away
Schools nearby
CHUA CHU KANG SECONDARY SCHOOL 0.69 km away
WEST VIEW PRIMARY SCHOOL 0.69 km away
BIG HEART STUDENT CARE (WEST VIEW PRIMARY SCHOOL) 0.7 km away
GREENRIDGE SECONDARY SCHOOL 0.7 km away
Amenities
BISHAN NORTH SHOPPING MALL Mall / retail · 9.88 km away
FAIRPRICE HUB Daily needs · 10.6 km away
PANG SUA PARK CONNECTOR Park / green link · 1.01 km away
SENJA HAWKER CENTRE Food centre · 1.09 km away
Nicon Gardens Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $5,800 8 rentals in view
Latest median sale PSF $929 psf 6 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Feb 2026 1 $5,800 0 - -
Sept 2025 1 $6,000 0 - -
Dec 2024 0 - 1 $929 psf $1,850,000
Nov 2024 0 - 1 $929 psf $1,850,000
Oct 2024 0 - 1 $918 psf $1,848,800
Jun 2024 0 - 1 $904 psf $1,800,000
Oct 2023 1 $5,200 0 - -
Jun 2023 1 $5,800 0 - -
Dec 2022 1 $3,500 0 - -
Sept 2022 1 $3,000 0 - -
Feb 2022 1 $2,650 0 - -
Nov 2021 0 - 1 $596 psf $1,200,000
Projects Similar to Nicon Gardens
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 1997 Yew Mei Green 2.0 km away 333 transactions
- Median rent
- $4,000
- Median sale PSF
- $914 psf
- Median rent
- $4,100
- Median sale PSF
- $967 psf
- Median rent
- $3,700
- Median sale PSF
- $938 psf
- Median rent
- $3,925
- Median sale PSF
- $890 psf
- Median rent
- $3,800
- Median sale PSF
- $889 psf
- Median rent
- $3,600
- Median sale PSF
- $988 psf
Nicon Gardens Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
Unknown $4,350 $4,356 8
Nicon Gardens Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
1,500 to 1,600 sqft $5,800 $5,800 1
1,500 to 2,000 sqft $6,000 $6,000 1
1,600 to 1,700 sqft $5,500 $5,500 2
1,900 to 2,000 sqft $2,950 $3,013 4
Nicon Gardens Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
- $1,824,400 $911 psf 6
Nicon Gardens Latest Transactions
Most recent URA rentals and sales for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
Nicon Gardens shows a typical monthly rent of $4,350 across 8 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $4,350
Rentals 8
Rent signal Thin
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
Recent sales at Nicon Gardens point to a typical sale price of $1,824,400 and $911 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $1,824,400
Median PSF $911 psf
Sale signal Thin
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- 99-year leasehold from 1981 should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. Nicon Gardens has 6 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Thin
Total sold value $10.0M
Latest record Feb 2026
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
District context
Use D23 to compare Nicon Gardens against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
Nicon Gardens FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Nicon Gardens?
Nicon Gardens has a median monthly rent of $4,350 across 8 rentals.
What is the typical sale price at Nicon Gardens?
The median sale price for Nicon Gardens is $1,824,400, based on 6 sales on this page.
What is the median sale PSF at Nicon Gardens?
The median sale price per square foot for Nicon Gardens is $911 psf. The average sale PSF is $833 psf.
Is Nicon Gardens freehold or leasehold?
Nicon Gardens is listed as 99-year leasehold from 1981. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Nicon Gardens located?
Nicon Gardens is located at 61c Choa Chu Kang Road Nicon Gardens Singapore 689391 in D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang.
How current is the Nicon Gardens transaction data?
The project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.