Rent vs D19 -29.7%
Rents below district median
The Promenade@pelikat's latest 12-month median rent is $2,600 compared with the D19 median of $3,700 for the same period. Use this district check before narrowing by bedroom and area band.
The Promenade@pelikat rent and sale price
D19 / Serangoon Garden, Hougang, Punggol
Address 183 Jalan Pelikat the Promenade@pelikat Singapore 537643
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Quick summary about The Promenade@pelikat
The Promenade@pelikat is a freehold apartment in D19 / Serangoon Garden, Hougang, Punggol. The page currently tracks 283 rentals and 51 sales.
- Latest 12M median rent is $2,600 per month from 54 rentals. The bedroom and floor-area tables below show the full loaded history.
- Latest 12M median sale price is $1,149,000, with median sale PSF at $1,251 psf from 6 sales.
- Rent is flat over the last 3 months. Sale PSF is up 11.7% over the last 3 months.
The Promenade@pelikat Market Brief
Compare the project with D19 across rent, sale PSF, tenure and transaction activity.
Compared with D19
Sale PSF vs D19 -25.1%
Sale PSF below district median
The Promenade@pelikat's latest 12-month median sale PSF is $1,251 psf versus the D19 median of $1,670 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 2.72%
Rent support near district screen
Gross yield is roughly 2.72% versus a D19 screen of 2.57%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 49.1% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity +14.3%
Activity is steady
Recent transaction volume is close to the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare The Promenade@pelikat against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Before you decide
Latest 12M median rent $2,600
Is the asking rent fair?
$2,450 to $2,750 is the first fair-rent band to check. Above $2,750 should have a visible reason.
Latest 12M median sale PSF $1,251 psf
Is the purchase price fair?
$1,110,000 to $1,180,000 and $1,210 to $1,290 psf are the first sale checks before adjusting for floor, size, view and condition.
1 bed rent $2,425
Are similar units renting for more?
1 bed and 400 to 500 sqft give the closest unit-size checks.
Rent stability 49.1% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume +14.3%
Is activity rising?
Activity is steady. Recent transaction volume is close to the prior 6-month view.
The Promenade@pelikat Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 51 resale transactions
Total sold value $46.6M
The Promenade@pelikat Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 283 Jun 2021 to Jun 2026
Sale transactions 51 Jun 2021 to Jun 2026
Rent trend 0.0% Last 3 months
Sale PSF trend 11.7% Last 3 months
The Promenade@pelikat 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
KOVAN MRT STATION (NE13) 0.62 km away
KOVAN MRT STATION 0.63 km away
DEFU MRT STATION (CR07) 1.4 km away
Schools nearby
YUYING SECONDARY SCHOOL 0.33 km away
XINGHUA PRIMARY SCHOOL 0.41 km away
DPS INTERNATIONAL SCHOOL, SINGAPORE 0.5 km away
PAYA LEBAR METHODIST GIRLS' SCHOOL (SECONDARY) 0.57 km away
Amenities
SHENG SIONG HOUGANG RIVERCOURT Daily needs · 1.21 km away
JALAN PELIKAT PARK CONNECTOR Park / green link · 0.27 km away
The Promenade@pelikat Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $3,100 84 rentals in view
Latest median sale PSF $1,327 psf 9 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Jun 2026 3 $3,100 3 $1,327 psf $1,228,000
May 2026 5 $2,500 1 $1,142 psf $1,388,800
Apr 2026 5 $2,600 1 $1,548 psf $700,000
Mar 2026 4 $3,025 0 - -
Feb 2026 7 $2,600 1 $1,169 psf $1,070,000
Jan 2026 2 $2,300 0 - -
Dec 2025 4 $2,800 0 - -
Nov 2025 1 $2,900 0 - -
Oct 2025 2 $3,625 0 - -
Sept 2025 7 $2,500 0 - -
Aug 2025 5 $2,350 0 - -
Jul 2025 9 $2,900 0 - -
Projects Similar to The Promenade@pelikat
Same district, ranked by similar rent, sale PSF and transaction depth.
999-year leasehold from 1878 Isuites @ Palm 1.2 km away 110 transactions
- Median rent
- $2,575
- Median sale PSF
- $1,366 psf
- Median rent
- $2,600
- Median sale PSF
- $1,477 psf
- Median rent
- $2,400
- Median sale PSF
- $1,421 psf
- Median rent
- $2,800
- Median sale PSF
- $1,154 psf
- Median rent
- $3,000
- Median sale PSF
- $1,388 psf
- Median rent
- $3,000
- Median sale PSF
- $1,277 psf
The Promenade@pelikat Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
1 bed $2,425 $2,342 178
2 bed $3,200 $3,072 91
3 bed $3,500 $3,277 11
4 bed $5,200 $4,733 3
The Promenade@pelikat Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
400 to 500 sqft $2,425 $2,327 164
500 to 600 sqft $2,450 $2,518 14
600 to 700 sqft $3,000 $3,043 7
800 to 900 sqft $3,050 $3,084 23
900 to 1,000 sqft $3,200 $3,040 57
1,000 to 1,100 sqft $3,450 $3,267 6
1,200 to 1,300 sqft $3,550 $3,791 11
1,300 to 1,400 sqft $3,000 $3,000 1
The Promenade@pelikat Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $950,000 $1,339 psf 51
The Promenade@pelikat 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
The Promenade@pelikat shows a latest 12-month median monthly rent of $2,600 across 54 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $2,600
Rentals in period 54
Rent signal Strong
- 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
Latest 12M sales at The Promenade@pelikat show a median price of $1,149,000 and $1,251 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Latest 12M median sale $1,149,000
Latest 12M median PSF $1,251 psf
Sale signal Strong
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- Freehold 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. The Promenade@pelikat has 51 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Strong
Total sold value $46.6M
Latest record Jun 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.
Run The Promenade@pelikat numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $2,600/mo Test gross and net yield against typical rent. Buy vs rent $1.1M Compare ownership cost against renting. Mortgage $1.1M Estimate monthly payment from the sale price. Stamp duty $1,251 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
District context
Use D19 to compare The Promenade@pelikat 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.
The Promenade@pelikat FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at The Promenade@pelikat?
The Promenade@pelikat has a latest 12-month median monthly rent of $2,600 across 54 rentals in that period.
What is the typical sale price at The Promenade@pelikat?
The latest 12-month median sale price for The Promenade@pelikat is $1,149,000, based on 6 sales in that period.
What is the median sale PSF at The Promenade@pelikat?
The latest 12-month median sale price per square foot for The Promenade@pelikat is $1,251 psf. The average for the same period is $1,283 psf.
Is The Promenade@pelikat freehold or leasehold?
The Promenade@pelikat is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is The Promenade@pelikat located?
The Promenade@pelikat is located at 183 Jalan Pelikat the Promenade@pelikat Singapore 537643 in D19 / Serangoon Garden, Hougang, Punggol.
How current is the The Promenade@pelikat 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.