Serenity Park En Bloc Sale 2026 – Freehold OCR
Rare Tamarind Road Freehold Site Near Yio Chu Kang Launched for En Bloc at $505 million
Serenity Park, a freehold condominium located off Yio Chu Kang Road, has been launched for collective sale with an asking price of $505 million, presenting a rare redevelopment opportunity in Singapore’s Outside Central Region (OCR).
The 179-unit development sits within a quiet landed enclave along Tamarind Road and is expected to attract strong interest from developers seeking to replenish their landbank’s amid improving market sentiment and limited supply of freehold sites.
According to the marketing agent, the public tender for Serenity Park will close on March 26.
Serenity Park is located within a tranquil residential neighbourhood dominated by landed homes, including the nearby Saraca, Begonia and Mimosa estates. The low-density environment is considered highly attractive to families and long-term homeowners.
The development’s proximity to Yio Chu Kang enhances its appeal, offering connectivity to major employment hubs while maintaining a serene suburban lifestyle.
Such rare freehold sites in landed enclaves are increasingly sought after by developers targeting affluent owner-occupiers and upgraders who prefer exclusivity and privacy.
💰 Pricing and Developer Interest
The asking price translates to about $1,453 psf per plot ratio (psf ppr), which analysts consider competitive for a freehold site of this scale in the OCR.
With limited new freehold land supply in Singapore, developers are increasingly exploring older developments for collective sale opportunities.
The price also reflects:
👉 Strong land scarcity
👉 Rising construction costs
👉 Continued demand for suburban private housing
👉 Long-term capital appreciation potential
Industry observers expect multiple developers to evaluate the site given its size and unique positioning.
🏢 Development Details and Background
The low-rise development has remained popular among families due to its spacious layouts and peaceful surroundings.
However, its age and redevelopment potential have made it a strong candidate for collective sale amid Singapore’s ongoing urban renewal cycle.
Under the URA Master Plan 2025, the site is zoned for residential use with a gross plot ratio of 1.4 and a height control of up to five storeys, supporting a future low-rise luxury project.
📊 Redevelopment Potential: Estimated 380 New Homes
Based on current planning parameters, the site could be redeveloped into a new low-density condominium with approximately 380 units, assuming an average size of about 85 sq m (915 sq ft) per unit.
This aligns with recent trends where developers are focusing on:
👉 Resort-style low-rise developments
👉 Larger, family-oriented layouts
👉 Green and wellness-focused design
👉 Premium freehold positioning
The future project is expected to appeal to buyers seeking lifestyle-oriented homes outside the city centre.
📈 Market Benchmark and Nearby Transactions
Recent property transactions in the vicinity provide strong pricing benchmarks.
The latest resale transaction at Serenity Park occurred in January 2025, when a 1,313 sq ft three-bedroom unit was sold for $1.77 million, or $1,348 psf.
Nearby landed home sales also indicate resilient demand:
👉 A freehold semi-detached home at Saraca View sold for $5.82 million
👉 A leasehold semi-detached property along Begonia Walk transacted at $3.3 million
👉 A freehold property along Tamarind Road also achieved over $5.8 million
These transactions highlight the strong appeal of the district among affluent homeowners.
📊 Singapore Collective Sale Market Gaining Momentum
The Serenity Park launch reflects a broader revival in Singapore’s collective sale market.
Key supporting factors include:
👉 Stabilising interest rates
👉 Strong private housing demand
👉 Limited unsold developer inventory
👉 Long-term population growth
👉 Infrastructure upgrades
Developers are also actively seeking land to prepare for future project launches from 2027 onwards.
Industry experts expect more collective sale sites to enter the market in 2026, especially freehold developments in suburban and city fringe areas.
🚇 Connectivity and Lifestyle Appeal
Residents in the future development will benefit from access to:
👉 Yio Chu Kang MRT station
👉 Schools and educational institutions
👉 Retail and dining amenities
👉 Parks and recreational spaces
👉 Major expressways
This combination of connectivity and lifestyle convenience enhances the site’s investment and owner-occupier appeal.
⏳ Tender Timeline and Outlook
The public tender for Serenity Park will close on March 26, 2026.
Market watchers will be monitoring the level of developer participation and potential bidding strategies, as this could signal the strength of the collective sale market in the year ahead.
A successful sale could also set a new benchmark for low-rise freehold redevelopment in the OCR.
🔎 Why Serenity Park Stands Out
With its freehold status, large land size, and prime suburban location, Serenity Park represents a rare opportunity for developers and investors alike.
As Singapore’s property market continues to evolve, such large-scale redevelopment sites are expected to play a key role in shaping future residential landscapes.