Fortune Park

Overview

Unit Info

Sales

Rental

Surrounding

More

Overview

Unit Info

Sales

Rental

Surrounding

More

  See All 1 Photos

Sale Price *

Average
S$ 1,191 psf
Range
S$ 1,137 - 1,263 psf

Rental Price **

Average
S$ 2.7 psf pm
Range
S$ 1.8 - 3.7 psf pm

Rental Yield **

2.7%

Rental income expressed as a percentage of the property's value.

Amenities

3.3
3.3

Convenience

3.7
3.7

Connectivity

Details

No Data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
9 Facilities Available
Badminton hall
Badminton hall
Barbeque Area
Barbeque Area
Covered car park
Covered car park
Gymnasium room
Gymnasium room
Multi-purpose hall
Multi-purpose hall
Playground
Playground
24 hours security
24 hours security
Squash court
Squash court
Swimming pool
Swimming pool
Description
Fortune Park is a freehold condominium completed in 1996. The development occupies a land area of 4,169 sqm and a Gross Floor Area of 8,753 sqm. It consists of 68 units. According to records, buyers of this development are Singaporean 89.2%, PR 4.3%, Foreigner 4.3%, Company 0.0%.

FORTUNE PARK is located along Tampines Road in Hougang, in District 19. It is accessible through the nearest MRTs including Kovan NE13 and Hougang NE14. The nearest schools are XINGHUA PRIMARY SCHOOL and YUYING SECONDARY SCHOOL.

Based on transaction data in the last 12 months, sale prices range from S$ 1,137 psf to S$ 1,263 psf at an average of S$ 1,191 psf. Its highest recorded transaction was S$ 1,263 psf in May 2022 for a 958-sqft unit. Its lowest recorded transaction was S$ 431 psf in Jul 2007 for a 1,292-sqft unit. Its current rental yield is at 2.7%.

Other nearby amenities include: 3 Childcare Centre(s): MY WORLD PRESCHOOL LTD., SCHOOL HOUSE BYTHEGARDEN @ HOUGANG PTE. LTD., PRESCHOOL @ 17J PTE. LTD., and 3 Grocerie(s): LIM KING CHEW, COLD STORAGE SINGAPORE (1983) PTE LTD, TAN CHUAN BOON, and 3 Kindergarten(s): En-Naeem Mosque Kindergarten, Brainy Bunch International Montessori, PCF SPARKLETOTS PRESCHOOL @ PAYA LEBAR Blk 23 (KN), and 1 Shopping Mall: HEARTLAND MALL.

Buyers and tenants are attracted to District 19, which is comprised of Hougang, Punggol, Sengkang and Serangoon Gardens. These four areas are mostly residential with recreational and commercial amenities. Hougang is the largest HDB town in Singapore based on land area. Private houses can be found in the Lorong Ah Soo and Rosyth areas. Originally comprised of forests and pig-rearing farms, Hougang has evolved into a vibrant residential area with a wide array of amenities. These include a number of shopping malls, Hougang Sports Hall, and a bus interchange with a range of bus services to other parts of Singapore. Punggol is a relatively new residential estate in Singapore's North-East Region. Historically a fishing village resided by Malay settlers, Punggol is now a vibrant mix of residential developments and nature. Residents can leisurely cycle along the 4.2km-long Punggol Waterway or head to Coney Island, a 133ha island popular for jet skiing and camping. Sengkang has experienced rapid development since its early days as a fishing village. It is now a satellite residential town with a well-developed LRT system offering access to different parts of Sengkang. Sengkang also offers a wide array of work and play amenities, with the main shopping mall Compass One being Singapore's first thematic shopping centre based on the theme of learning.

The North-East Region is the second largest and most densely populated of the five regions in Singapore, with Sengkang being its most populous town. Spanning 13,810ha, the North-East Region is mainly a residential region and housing estate largely comprised of HDB flats. In addition to a myriad of amenities including hospitals, parks, schools and transport options, the region is also home to a few tourist attractions such as Pulau Ubin and Coney Island. Seletar Aerospace Park, which comprises of several aviation manufacturing and research facilities by companies such Rolls-Royce and Singapore Technologies Aerospace, provide employment opportunities to residents both within and beyond the region. Sengkang General Hospital, a 1000-bed hospital, is the largest in the region and is built to further the government's efforts to provide quality and accessible healthcare to all Singaporeans.
show more
What they say
Live Here? Tell us more
Write a review
5
"hehehahahh"
N*** W*********
Google Review     |   02 Jun 2022
3
"Old condo"
P***** M***
Google Review     |   04 Dec 2017
5
"Good location and great for family with kids."
B* Y***
Google Review     |   15 Aug 2017
5
"This is where i stayed while i was in Singapore for 6 months, its a condo with a swimming pool and a gym"
M****** B****
Google Review     |   17 Jul 2016
Live Here? Tell us more
Write a review
Loading...
Floor Plans
No Data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
No Data
Unit Mix
Bedroom Type
2BR
Area
1302 - 1302 sqft
No. of Units
1
Bedroom Type
3BR
Area
958 - 1292 sqft
No. of Units
46
Bedroom Type
N.A
Area
N.A - N.A sqft
No. of Units
21

Sales Transaction of FORTUNE PARK (Limited to 10)

Unit Search
#
There are 81 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Date
Area(sqft)
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No Data
Rental Transactions of FORTUNE PARK
There are 171 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
900 to 1000
3,150
2
1,208,667
3
3.1
1100 to 1200
3,000
1
-
-
-
1200 to 1300
3,180
5
1,434,000
5
2.7
Historical Quarterly Rental
Note: 25% of the tenant population paid below Rental 25th, 50% paid below the Median Rental and 75% paid below Rental 75th. Data are only available if there are more than 10 contracts signed in any quarter.

Graph Data

Table Data

PeriodRental 25th (S$ psf pm)Median Rental (S$ psf pm)Rental 75th (S$ psf pm)Contacts Signed
Loading...

Nearby Land Sales

Status
Street NameLocationLand AttributesEstimated Breakeven
Sold On SEP 2021
Fortune Park (Enbloc)
Site Use
Residential
Tenure
fh
Plot Ratio
2.1
Site Area (sqm)
4,169
Site GFA (sqm)
8,756
Highest Bid ($M)
115.0
Highest Bid ($PSF)
1140
Number of BIDS
-
Land ($M)
115
Construction ($M)
31.1
Land Financing ($M)
10.1
Profesional / Legal / Taxes ($M)
17.5
Marketing / Others ($M)
10.4
Estimated Total Cost ($M)
184.12
Estimated Breakeven ($psf ppr)
1,954

Listings

View More

No Data

View More
Property News

Fortune Park relaunched for collective sale at unchanged guide price of $115 mil

Property News

Fortune Park up for collective sale from $115 mil

FAQs about FORTUNE PARK