The Areca

The Areca is a leasehold (99 yrs from 2000) terrace house. It is developed by TACWEALTH DEVELOPMENT PTE LTD. The development occupies a land area of 3,087 sqm. It consists of 21 units. According to records, buyers of this development are Singaporean 100.0%, PR 0.0%, Foreigner 0.0%, Company 0.0%.

THE ARECA is located along Bunga Rampai Place in Toa Payoh, in District 19. It is accessible through the nearest MRTs including Tai Seng CC11 and Bartley CC12.

Based on transaction data in the last 12 months, sale prices range from S$ 867 psf to S$ 867 psf at an average of S$ 867 psf. Its highest recorded transaction was S$ 867 psf in Apr 2023 for a 2,454-sqft unit. Its lowest recorded transaction was S$ 315 psf in Jul 2004 for a 2,443-sqft unit. Its current rental yield is at 3.4%. Other nearby amenities include: 3 Grocerie(s): SIVAMANI MINIMART PTE LTD, SARATHI STORES PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 2 Shopping Mall(s): TAI KENG SHOPPING CENTRE, UPPER PAYA LEBAR ROAD.

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.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.