Serangoon is one of the hardest neighbourhoods in Singapore to generalise. Depending which part of the town you find yourself in, the amenities, accessibility, and overall vibe can change dramatically.
In some areas, like the neighbourhood around NEX shopping mall, it’s often crowded and noisy, but convenient to the proximity of Serangoon MRT interchange and retail options. But in locales like Serangoon Garden, the relatively secluded landed enclaves give off quieter suburban vibes.
But this diversity is what makes Serangoon interesting. On the face of it, it may seem like one of several towns that make up the North East region. But unlike newer towns in the region, like Punggol, the housing market in Serangoon is mature enough to support a strong private housing presence alongside HDB estates.
Most property agents today will share that the profile of buyers here also skews increasingly toward private homeowners than HDB upgraders recently, and we’ll examine that later in this article.
Let’s break down how the Serangoon condo market works amidst so much variability, and what sorts of advantages and trade-offs buyers and sellers can expect.
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Why Serangoon is prominent in the North-East region
In Singapore’s North-East Region, the private residential market is largely defined by prominent residential towns like Ang Mo Kio, Hougang, Punggol, Sengkang, and Serangoon.
Due to its mature and established profile, Serangoon is probably one of the most familiar towns. Chances are, even if you don’t live in the North East, you’ve been to Serangoon several times more compared to Sengkang or Punggol.
In terms of the housing market, Serangoon was the second most active town in the North East based on resale transactions in 2024 and 2025. The top spot was clinched by Hougang in both years. This makes Serangoon a major and consistent point of interest in the property market.
Part of the reason is that the area comprises several well-known schools, such as Rosyth School, Pei Chun Public School, Kuo Chuan Presbyterian Primary School, St. Gabriel’s Primary School, and Nanyang Junior College. This makes it one of the most sought-after family-led residential markets in Singapore, not just the North East.
How does the housing market in the North East region perform in general?
Before we focus on Serangoon itself, let’s look at the performance of the housing market in the North East region. This will help to frame our overall expectations for Serangoon later.
We looked at sub-sale and resale transactions for condos across all five northeastern regions, between 2015 and 2025.
| Year | Central Region | East Region | North East Region | North Region | West Region |
| 2015 | $1,448 | $969 | $976 | $839 | $927 |
| 2016 | $1,518 | $946 | $961 | $831 | $904 |
| 2017 | $1,561 | $957 | $998 | $832 | $949 |
| 2018 | $1,646 | $1,028 | $1,069 | $843 | $1,017 |
| 2019 | $1,688 | $1,032 | $1,087 | $858 | $1,021 |
| 2020 | $1,617 | $1,023 | $1,085 | $850 | $1,029 |
| 2021 | $1,681 | $1,108 | $1,149 | $968 | $1,147 |
| 2022 | $1,807 | $1,227 | $1,294 | $1,083 | $1,267 |
| 2023 | $1,899 | $1,367 | $1,444 | $1,209 | $1,400 |
| 2024 | $1,982 | $1,437 | $1,527 | $1,241 | $1,510 |
| 2025 | $2,051 | $1,478 | $1,597 | $1,310 | $1,580 |
| Annualised | 3.54% | 4.31% | 5.05% | 4.56% | 5.47% |
The North East region has seen strong price growth over the past decade, coming out ahead of the Central, East, and North Regions. It was second only to the West, and even then by less than a single percentage point.
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