Seletar Springs Condominium

Seletar Springs Condominium is a leasehold (99 yrs from 1997) condominium completed in 2000. The development occupies a land area of 34,214 sqm and a Gross Floor Area of 47,899 sqm. It consists of 364 units. According to records, buyers of this development are Singaporean 89.8%, PR 7.6%, Foreigner 1.0%, Company 0.2%.

SELETAR SPRINGS CONDOMINIUM is located along Gerald Drive in Hougang, in District 28. It is accessible through the nearest MRTs including Buangkok NE15 and Sengkang STC, NE16. The nearest schools are PEI HWA SECONDARY SCHOOL and FERNVALE PRIMARY SCHOOL.

Based on transaction data in the last 12 months, sale prices range from S$ 741 psf to S$ 900 psf at an average of S$ 836 psf. Its highest recorded transaction was S$ 905 psf in Jun 2013 for a 1,270-sqft unit. Its lowest recorded transaction was S$ 287 psf in May 2006 for a 2,088-sqft unit. Its current rental yield is at 3.3%.

Other nearby amenities include: 3 Childcare Centre(s): PCF SPARKLETOTS PRESCHOOL@SENGKANG WEST BLK 415A (CC), CAMBRIDGE@FERNVALE PTE. LTD., ICHIBAN MONTESSORI CHILDCARE CENTRE (FERNVALE) PTE. LTD., and 3 Grocerie(s): SHENG SIONG SUPERMARKET PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Kindergarten(s): PCF SPARKLETOTS PRESCHOOL @ SENGKANG WEST Blk 416A (KN), PCF SPARKLETOTS PRESCHOOL @ SENGKANG WEST Blk 436D (KN), PCF SPARKLETOTS PRESCHOOL @ SENGKANG SOUTH Blk 443 (KN), and 1 Shopping Mall: FERNVALE POINT.

Buyers and tenants are attracted to District 28, which comprises of Seletar and a part of Yio Chu Kang. This district is served by the Yio Chu Kang MRT station of the North-South Line and bus service originating from Yishun Bus Interchange. A notable landmark in this district is the Seletar Aerospace Park. The 320ha development is an industrial park in Singapore to cater to the industrial and business aviation industries.

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.