Serenity Park Returns to En Bloc Market PTE Sept 30

The freehold condominium in District 28 offers potential for approximately 380 new homes, with its private treaty exercise closing on 30 September 2026.

Serenity Park is back in the collective sale spotlight with a substantially lower price.

Owners are now seeking S$440 million, a reduction of S$65 million from the previous S$505 million asking price.

The 12.9% price adjustment gives developers a fresh opportunity to assess this sizeable freehold property off Yio Chu Kang Road.

Its appeal combines an established residential setting with the possibility of creating a new low-rise condominium.

🏢 Serenity Park Collective Sale Details

Completed in 1995, Serenity Park comprises 179 homes across 10 five storey blocks. The development occupies a freehold site on Tamarind Road within District 28.

Its revised reserve price translates to approximately S$1,266 per square foot per plot ratio.

📍 Location: Tamarind Road, District 28
🔑 Tenure: Freehold
📐 Land area: 248,173 sq ft
🏘️ Existing units: 179
💰 Reserve price: S$440 million
📊 Land rate: S$1,266 psf per plot ratio
🤝 Marketing agent: Mount Everest Properties

These figures provide a starting point for evaluating the site. A prospective buyer would also need to assess the permitted development, construction costs and overall project feasibility.

Serenity Park was previously launched for collective sale in February 2026, with the tender closing in March.

The current offering brings a lower entry price and proceeds through a private treaty exercise.

URA’s Master Plan 2025 designates the land for housing. A gross plot ratio of 1.4 sets its development intensity, while buildings are limited to five storeys.

Based on an assumed average home size of 85 sq m, the property could potentially accommodate approximately 380 units.

This is an indicative estimate, rather than an approved development plan.

The eventual number of homes and their configuration would depend on the proposed design and relevant approvals.

For a future project, the planning parameters point towards a low-rise residential development.

Serenity Park sits within a landed housing enclave, with semi-detached homes forming much of its surroundings.

Nearby amenities include Greenwich V, The Seletar Mall and AMK Hub, providing shopping and dining options in the wider area.

Location is another part of the redevelopment assessment. Alongside the site’s physical characteristics, prospective buyers would need to consider how a future project could fit the neighbourhood and appeal to homebuyers.

📅 Private Treaty Exercise Closes on 30 September

The private treaty exercise for Serenity Park ends at 11am on 30 September 2026, with Mount Everest Properties handling the marketing.

The deadline is the next milestone for those tracking the collective sale.

Any subsequent agreement or confirmed outcome would require a further announcement.