Fortune Park District 19: Price, Amenities & Investment Guide

Fortune Park District 19: The Complete Homejourney Guide

Fortune Park stands as one of District 19's established residential landmarks, offering a unique blend of suburban tranquility and urban accessibility. Located at 109 Tampines Road in the Serangoon-Hougang area, this freehold condominium has served families and investors since 1996, combining community-focused living with practical convenience. Whether you're a first-time buyer exploring District 19, an investor seeking stable rental returns, or a family looking for a well-established neighbourhood, this comprehensive guide from Homejourney will help you understand everything about Fortune Park and whether it aligns with your property goals.

Table of Contents

• Project Overview & Developer Background
• Unit Types, Sizes & Floor Plans
• Facilities & Amenities
• Location & Accessibility
• Nearby Amenities & Lifestyle
• Pricing Analysis & Value Assessment
• Investment Potential & Rental Market
• Pros, Cons & Who Should Consider It
• Fortune Park in District 19 Context
• Frequently Asked Questions

Project Overview & Developer Background

Fortune Park is a freehold condominium complex developed by Fortune Realty Pte Ltd and completed in 1996. The development comprises 68 residential units, all configured as 3-bedroom apartments with approximately 1,300 square feet of living space per unit. The freehold tenure means residents enjoy perpetual ownership without lease expiration concerns—a significant advantage in Singapore's property market where most condominiums operate on 99-year leasehold terms.

Fortune Realty, the developer, has established a track record in Singapore's residential property sector, having developed approximately 10 projects since Fortune Park's completion. The company's experience spans both landed housing and apartment developments, demonstrating versatility in residential property development. This established developer background provides confidence in the quality of construction and ongoing management standards at Fortune Park.

The property's location on Tampines Road places it in a prime suburban corridor that has experienced steady residential development over the past two decades. District 19, encompassing Serangoon and Hougang, represents one of Singapore's most established residential neighbourhoods with strong community infrastructure and stable property values.

Unit Types, Sizes & Floor Plans

Single Unit Configuration

Fortune Park offers a straightforward unit mix: all 68 units are configured as 3-bedroom apartments measuring approximately 1,300 square feet. This standardized layout reflects the development's original design philosophy focused on family-oriented living rather than diverse unit types.

The 1,300 sqft format provides comfortable space for families, with three bedrooms offering flexibility for children's rooms, home offices, or guest accommodation. This size sits comfortably in the mid-range for Singapore condominiums—larger than typical 2-bedroom units (900-1,100 sqft) but more compact than larger 4-bedroom penthouses that often exceed 2,000 sqft. For families of 3-5 people, this configuration offers practical living without excessive maintenance requirements.

Layout Advantages

The standardized unit design means consistent quality across the development and simplifies comparison when evaluating different units within Fortune Park. Potential buyers viewing units can expect similar spatial configurations, allowing focus on factors like orientation, view quality, and specific unit location within the complex rather than varying floor plans.

Facilities & Amenities

Recreational Facilities

Fortune Park provides a comprehensive range of on-site recreational facilities designed to support active, community-oriented living:

• Swimming Pool – A centrepiece facility for residents, particularly valued during Singapore's warm climate
• Gymnasium – Equipped fitness room for cardio and strength training without needing external gym membership
• Badminton Hall – Dedicated court space for residents' recreational sports
• Squash Court – Additional sports facility for residents with specific sporting interests
• Multi-Purpose Hall – Flexible space for community events, celebrations, and gatherings
• Barbecue Area – Outdoor entertaining space for resident gatherings and family celebrations
• Playground – Dedicated children's play area, essential for families with young children

Security & Practical Amenities

24-hour security with trained personnel provides residents with peace of mind and controlled access to the complex. This continuous security presence is particularly important for families and represents a standard expectation in modern Singapore condominiums. Covered car parking protects vehicles from Singapore's intense sun and frequent rain, extending vehicle lifespan and maintaining interior comfort during hot weather.

These amenities collectively create a self-contained living environment where residents can exercise, socialize, and entertain without regularly leaving the complex—a significant lifestyle advantage in suburban Singapore.

Location & Accessibility

Public Transport Connectivity

Kovan MRT Station is approximately a 10-minute walk from Fortune Park, providing direct access to the North East Line (NEL). This MRT connection is crucial for commuters, enabling quick travel to Singapore's central business districts. From Kovan, residents can reach:

• City Hall and Raffles Place (CBD) – approximately 20-25 minutes
• Orchard Road shopping district – approximately 18-22 minutes
• Marina Bay area – approximately 25-30 minutes

Beyond the MRT, bus stops are located within a 5-minute walk of the main entrance, providing multiple bus service options for local travel within District 19 and connections to other neighbourhoods. This dual public transport access (MRT + buses) ensures residents aren't dependent on a single transit mode.

Private Transport & Expressway Access

Fortune Park's location directly along Tampines Road provides immediate access to the Kallang-Paya Lebar Expressway (KPE), one of Singapore's major arterial routes. Drivers can reach Singapore's central business hub within 10-15 minutes during off-peak hours, making Fortune Park attractive for professionals working in the CBD who prefer suburban living.

The expressway access also benefits residents commuting to other areas: the East Coast Expressway (ECP) provides direct coastal access, while connections to the Central Expressway (CTE) enable efficient travel across Singapore's north-south corridor.

Proximity to Changi Airport

For frequent travellers, Fortune Park's location offers a significant practical advantage. Changi Airport is approximately 20 minutes away by car, making it convenient for residents with regular business travel or international commitments. This proximity reduces pre-flight stress and makes airport access manageable without requiring early morning departures.

Nearby Amenities & Lifestyle

Shopping & Retail

Fortune Park residents enjoy excellent shopping convenience within short distances:

• Heartland Mall – Walking distance, offering supermarket, dining, and retail options
• Hougang Mall – Nearby shopping centre with diverse retail and F&B outlets
• The Promenade @ Pelikat – Additional shopping option in the immediate vicinity

These shopping centres provide everyday necessities without requiring travel to distant malls, supporting the neighbourhood's self-sufficiency. Residents can manage grocery shopping, dining, and casual retail within their immediate area.

Educational Institutions

The area surrounding Fortune Park includes several established schools, making it attractive for families with children:

• Xinghua Primary School – Neighbourhood primary school option
• Holy Innocents' Primary School – Alternative primary school in the area
• Serangoon Junior College – Post-secondary education option for older students

These schools' proximity means families can manage school commutes efficiently, reducing daily travel time and supporting work-life balance for working parents.

Healthcare Services

Medical facilities near Fortune Park include:

• Joash Family Clinic and Surgery
• Lim Country Clinic
• Hougang OneCare Medical Clinic

These clinics provide accessible healthcare for routine medical needs, reducing reliance on distant hospitals for non-emergency care. This healthcare accessibility is particularly important for families with young children or elderly residents.

Dining & Recreation

The neighbourhood offers diverse dining options reflecting Singapore's multicultural food culture:

• Heng Long Teochew Porridge – Traditional Chinese cuisine
• Ponggol Nasi Lemak Centre – Malaysian specialties
• Nakhon Kitchen – Thai cuisine
• Knuckles Bistro – Western dining option

Beyond dining, residents benefit from proximity to Kovan Sports Centre and Hougang Swimming Complex, both less than a 5-minute drive away. These public recreational facilities complement Fortune Park's on-site amenities, providing additional sports and leisure options. Local parks within walking distance offer green spaces for jogging, cycling, and family outings.

Pricing Analysis & Value Assessment

Current Price Range

Fortune Park units are priced at S$1,509 – S$1,761 per square foot (PSF), translating to absolute prices of approximately S$1.96 million to S$2.29 million for the standard 1,300 sqft units. This pricing reflects the property's freehold status, established location in District 19, and comprehensive amenities.

Note: These price ranges are based on available market data as of January 2026. Actual prices may vary based on specific unit condition, floor level, orientation, and market conditions. For current listings and real-time pricing, browse available units at Fortune Park through Homejourney's property search.

Rental Market & Yield Potential

Fortune Park units typically command rental prices in the range of S$2,000 – S$2,500 per month for unfurnished 3-bedroom units. This rental range reflects strong demand from expatriates, young families, and professionals seeking suburban living with good transport connectivity.

Based on these figures, estimated gross rental yield ranges from approximately 10-15% annually, calculated as follows:

• Lower estimate: (S$2,000 × 12) ÷ S$1,960,000 = 12.2% gross yield
• Upper estimate: (S$2,500 × 12) ÷ S$2,290,000 = 13.1% gross yield

These yields are attractive compared to many Singapore condominiums, particularly considering the freehold tenure and established rental market in the Serangoon-Hougang area. However, investors should account for property tax, maintenance fees, and management costs when calculating net yield.

Value for Money Assessment

Fortune Park offers compelling value when considering several factors:

• Freehold tenure – Eliminates lease decay concerns affecting leasehold properties
• Established location – 30 years of proven residential stability in District 19
• Comprehensive amenities – On-site facilities reduce need for external memberships
• Strong transport access – Both MRT and expressway connectivity support commuting
• Stable rental demand – Consistent tenant interest supports investment returns
• Family-friendly environment – Schools, parks, and recreational facilities nearby

The pricing reflects these advantages while remaining accessible compared to newer developments in prime districts. For buyers prioritizing stability, amenities, and proven investment fundamentals over cutting-edge architecture, Fortune Park represents solid value in District 19's market.

Investment Potential & Rental Market

Capital Appreciation Outlook

Fortune Park's investment potential rests on several supportive factors:

• Freehold advantage – Unlike leasehold properties that decline in value as leases shorten, freehold properties maintain value indefinitely. This structural advantage supports long-term capital preservation.
• District 19 maturity – Serangoon and Hougang represent fully developed, established residential areas with stable demographics. While growth may be more modest than emerging areas, stability attracts conservative investors.
• MRT proximity – Kovan MRT Station's presence ensures continued transport relevance as Singapore's public transit network expands.
• Rental demand – The consistent rental market indicates sustained tenant interest, supporting property values through demonstrated utility.

Rental Market Characteristics

Fortune Park's rental market reflects several positive characteristics:

Target tenant profile: Expatriate professionals, young families, and established households seeking suburban living with urban connectivity. This diverse tenant base reduces dependency on any single demographic segment.

Lease terms: Typical rental leases range from 1-2 years, providing flexibility for both landlords and tenants. The established rental market means landlords can expect reasonable vacancy periods between tenants.

Tenant retention: The combination of amenities, location, and family-friendly environment encourages longer tenancies, reducing turnover costs and vacancy periods.

Future Development Considerations

Investors should monitor several neighbourhood developments that could influence Fortune Park's long-term value:

• District 19 infrastructure upgrades – Any planned improvements to transport, retail, or recreational facilities could enhance property values
• Neighbouring developments – New residential or commercial projects in the area could increase demand for established properties like Fortune Park
• Expressway improvements – Enhancements to the Kallang-Paya Lebar Expressway would further strengthen transport connectivity

While Fortune Park is unlikely to experience explosive growth typical of emerging areas, its freehold status, established location, and consistent rental demand position it as a stable, income-generating investment suitable for conservative investors prioritizing capital preservation over aggressive appreciation.

Pros, Cons & Who Should Consider Fortune Park

Key Advantages

Considerations & Potential Drawbacks

Limited unit diversity: All 68 units are identical 3-bedroom configurations. Buyers seeking 2-bedroom or 4-bedroom units must look elsewhere, and those wanting different layouts have no options within Fortune Park.

Suburban location: While Serangoon-Hougang's established character is an advantage, the area lacks the vibrant energy of central Singapore. Residents prioritizing nightlife, cutting-edge dining, or urban buzz may find the neighbourhood too quiet.

Modest growth potential: As a mature, established area, District 19 is unlikely to experience the rapid appreciation seen in emerging neighbourhoods. Conservative investors accept this trade-off for stability; growth-focused investors might prefer newer developments in developing areas.

Older development: Completed in 1996, Fortune Park is now 30 years old. While well-maintained, the building infrastructure and finishes reflect its age. Buyers expecting contemporary design or smart home features may find the property dated.

Competitive rental market: The area's popularity means numerous similar properties compete for tenants. While demand is strong, landlords should expect competitive rental rates and active tenant selection.

Who Should Consider Fortune Park

Ideal for families: The combination of schools, playgrounds, family-friendly amenities, and suburban tranquility makes Fortune Park excellent for families with children seeking stable, established neighbourhoods.

Conservative investors: The freehold tenure, proven rental market, and stable location appeal to investors prioritizing income generation and capital preservation over aggressive appreciation.

Commuters to CBD: Professionals working in Singapore's central business districts benefit from the 10-15 minute expressway commute and MRT connectivity, enabling suburban living with urban workplace access.

Frequent travellers: The 20-minute proximity to Changi Airport makes Fortune Park attractive for business professionals with regular international travel.

Expatriates seeking stability: Established neighbourhoods with proven amenities and strong community infrastructure appeal to expatriates unfamiliar with Singapore seeking reliable, comfortable living environments.

Less suitable for: Buyers seeking cutting-edge architecture, maximum growth potential, or diverse unit types should explore newer developments in emerging districts or prime locations.

Fortune Park in District 19 Context

District 19 Overview

District 19, encompassing Serangoon and Hougang, represents one of Singapore's most established and mature residential areas. The district has evolved over several decades into a fully developed, self-sufficient neighbourhood with comprehensive infrastructure, strong community identity, and stable property values.

Neighbourhood Character

Serangoon-Hougang characteristics:

• Established residential community: Decades of residential development have created stable, mature neighbourhoods with strong community bonds
• Diverse housing options: Mix of public housing (HDB), private condominiums, and landed properties serving various income levels
• Comprehensive amenities: Shopping centres, hawker centres, schools, medical facilities, and recreational areas throughout the district
• Strong transport connectivity: Multiple MRT lines (North East Line, Circle Line) and extensive bus networks serve the area
• Community-focused lifestyle: Emphasis on family living, local dining, and neighbourhood activities rather than trendy nightlife

Fortune Park's Position in District 19

Fortune Park occupies a distinctive position within District 19's property landscape. As an established freehold condominium with comprehensive amenities and strong transport connectivity, it appeals to buyers seeking the stability and self-sufficiency of District 19 combined with private residential comforts. The property's location along Tampines Road—a major arterial route—provides excellent expressway access while remaining insulated from traffic noise by its residential setting.

Compared to newer developments in emerging districts, Fortune Park prioritizes proven fundamentals: established location, freehold tenure, consistent rental demand, and family-friendly infrastructure. This positioning makes it particularly attractive to conservative investors and families valuing stability over cutting-edge amenities.

Frequently Asked Questions About Fortune Park

Purchasing & Ownership

Q: What does freehold tenure mean for Fortune Park?
A: Freehold ownership means you own the property indefinitely without lease expiration. Unlike leasehold properties (typically 99 years), freehold properties don't depreciate due to lease decay. This is a significant advantage in Singapore's property market and supports long-term value retention.

Q: What are the typical monthly costs for Fortune Park owners?
A: Beyond mortgage payments, owners should budget for: property tax (approximately 4-6% of annual rent value), maintenance fees (typically S$300-500 monthly for condominiums), utilities (electricity, water, gas), and optional services like housekeeping or security. Homejourney's financial planning resources can help calculate total ownership costs.

Q: Can I get a mortgage for Fortune Park?
A: Yes, most Singapore banks offer mortgages for freehold condominiums like Fortune Park. Loan-to-value ratios typically range from 75-80%, meaning you'll need 20-25% down payment. Use Homejourney's mortgage calculator to estimate monthly payments based on current bank rates and your down payment amount.

Q: What's the resale market like for Fortune Park?
A: The established location and freehold tenure support steady resale demand. Properties typically take 2-4 months to sell depending on pricing and market conditions. The consistent rental demand indicates strong underlying value, supporting resale liquidity for investors.

Rental & Investment

Q: What rental income can I expect from Fortune Park?
A: Based on current market rates (S$2,000-S$2,500 monthly for 3-bedroom units), gross rental yields range from 12-13% annually. However, net yield after taxes, maintenance, and management fees typically ranges from 8-10%. Actual returns depend on specific unit condition, tenant quality, and management efficiency.

Q: How long does it take to find a tenant for Fortune Park?
A: The established location and strong rental demand typically result in tenant placement within 2-4 weeks. The area's popularity with expatriates and young families ensures consistent tenant interest. Homejourney's agent network can connect you with property management professionals specializing in the area.

Q: Is Fortune Park a good investment for first-time investors?
A: Yes, Fortune Park offers several advantages for first-time investors: freehold tenure eliminates lease decay concerns, established location provides stability, consistent rental demand reduces vacancy risk, and the 12-13% gross yield is attractive. However, first-time investors should understand all costs (taxes, maintenance, management) to accurately calculate net returns.

Location & Lifestyle

Q: How far is Fortune Park from Singapore's CBD?
A: By expressway (Kallang-Paya Lebar), Fortune Park is approximately 10-15 minutes from the CBD during off-peak hours. By MRT (via Kovan Station on the North East Line), the CBD is approximately 20-25 minutes away. Actual travel times depend on specific destination and traffic conditions.

Q: What's the commute time to Changi Airport from Fortune Park?
A: Approximately 20 minutes by car under normal traffic conditions. This convenient proximity makes Fortune Park attractive for frequent travellers and business professionals with regular international commitments.

Q: Is Fortune Park suitable for families with young children?
A: Absolutely. The development includes a playground, nearby schools (Xinghua Primary, Holy Innocents' Primary), family-friendly amenities, and parks within walking distance. The established, safe neighbourhood with strong community infrastructure makes it ideal for families.

Q: What dining and shopping options are near Fortune Park?
A: Heartland Mall and Hougang Mall are within walking distance, offering supermarkets, restaurants, and retail shops. The area features diverse dining from hawker centres to restaurants serving Chinese, Malay, Thai, and Western cuisines. This self-sufficiency means residents can meet most daily needs without travelling far.

Building & Facilities

Q: How well-maintained is Fortune Park given its age?
A: Completed in 1996, Fortune Park is now 30 years old. Regular maintenance by the management corporation and ongoing upgrades keep the building functional and safe. However, some infrastructure and finishes reflect its age. Buyers should inspect units carefully and budget for potential renovations.

Q: What facilities does Fortune Park offer residents?
A: On-site facilities include swimming pool, gymnasium, badminton hall, squash court, multi-purpose hall, barbecue area, playground, and 24-hour security. These comprehensive amenities support active, community-oriented living without requiring external memberships.

Q: Is parking available at Fortune Park?
A: Yes, covered car parking is provided. The covered parking protects vehicles from Singapore's intense sun and frequent rain, extending vehicle lifespan and maintaining interior comfort.

Market & Pricing

Q: How does Fortune Park's pricing compare to other District 19 properties?
A: At S$1,509-S$1,761 PSF, Fortune Park offers competitive pricing for an established freehold condominium with comprehensive amenities. Prices vary based on specific unit condition, floor level, and orientation. For current market comparisons, browse available properties in District 19 through Homejourney's property search.

Q: Will Fortune Park appreciate significantly in value?
A: As a mature, established property in a fully developed district, Fortune Park is unlikely to experience explosive appreciation. However, the freehold tenure and consistent rental demand support stable value retention. Conservative investors prioritize income generation and capital preservation over aggressive growth.

Q: What factors influence Fortune Park unit prices?
A: Key factors include: floor level (higher floors typically command premiums), unit orientation (east/west vs. north/south), view quality, condition and renovation status, proximity to amenities within the complex, and current market conditions. Individual unit inspection is essential for accurate valuation.

Next Steps: Your Fortune Park Journey with Homejourney

Fortune Park represents a compelling option for Singapore property buyers and investors seeking established, stable residential living with strong fundamentals. Whether you're a first-time buyer exploring District 19, an investor seeking consistent rental returns, or a family prioritizing community-focused living, this comprehensive guide has provided the essential information for informed decision-making.

Homejourney is committed to supporting your property journey with trustworthy information, transparent guidance, and access to qualified professionals. As a platform prioritizing user safety and security, we verify information to ensure you can make confident decisions about significant property investments.

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