Miramar Gardens Price Trends: Key Insights for 2026 Buyers
Miramar Gardens terrace units on Jalan Naung in District 19 have shown stable resale prices averaging $1,839 PSF, with recent transactions at $3.14M to $3.33M for 1,759 sqft homes. Rental yields hover around $2.95 PSF/month, making it attractive for investors in Serangoon-Hougang. This analysis draws from verified transaction data to help you assess Miramar Gardens price trends and market analysis.
As part of Homejourney's commitment to transparency, we verify all data for user safety, linking back to our main Miramar Gardens project overview for comprehensive details on this 999-year leasehold landed enclave.
Project Overview: 999-Year Leasehold Terrace Homes
Miramar Gardens is a rare 999-year leasehold development along Jalan Naung, District 19 (Serangoon, Hougang), comprising 42 blocks of terrace units in Singapore's Outside Central Region (OCR). Built in 1883 with lease starting then, these 2-storey homes offer land areas around 1,759 sqft (163.4 sqm), ideal for families seeking landed privacy without freehold premiums[1].
Recent resales include a Aug 2023 transaction at $3,140,000 ($1,785 PSF) and Jan 2023 at $3,330,000 ($1,893 PSF), indicating steady demand despite low volume of just 2 sales in three years[1]. For full transaction history, view Homejourney's detailed analysis.
Historical Price Trends and Current Market Snapshot
Miramar Gardens price trends reflect resilience in D19's landed market. Over the last three years, average resale PSF held at $1,839, ranging from $1,785 to $1,893, outperforming nearby 99-year leasehold options like Parkwood Collection at $889 PSF[1]. Sale ranges span $770,000 to $3.33M ($388-$1,893 PSF), with premium corner terraces listed up to $5.7M[2][3].
In 2024-2026, low supply (no current sales listed) keeps prices firm amid OCR growth. Compare to our pillar on Miramar Gardens D19: Units, Prices, Amenities & Investment Guide | Homejourney ">Miramar Gardens D19 units and investment guide for broader context. Homejourney verifies these trends from official URA-sourced data, ensuring trustworthy insights.
- 2023 Resale Low: $3.14M ($1,785 PSF), 1,759 sqft terrace[1]
- 2023 Resale High: $3.33M ($1,893 PSF), same size[1]
- Avg. PSF (3Y): $1,839, stable amid cooling measures[1]
- Comparison: Vs. Naung Residence (0.04km away) at $1,454 PSF avg[1]
Disclaimer: Prices fluctuate; consult Homejourney's mortgage calculator for affordability.
Rental Market Analysis: Strong Yields in Hougang
Rentals for Miramar Gardens terraces (1,500-2,000 sqft) averaged $5,800-$6,000/month in 2024, equating to $2.90-$3.00 PSF/month and ~3% gross yields[1]. A recent 1,759 sqft, 3-bedroom unit listed at $6,500/month, 430m (5-min walk) from Hougang MRT[6]. Demand stems from families near schools and amenities.
Compared to Silver Hill (0.06km, $2.68 PSF/month avg), Miramar offers competitive rents[1]. Investors: Factor in URA regulations on minimum stay and ABSD. Track yields via Homejourney's projects directory.
Price Comparison Table with Nearby Developments
| Project | Tenure | Dist. (km) | Avg. PSF | Avg. Rent PSF/m |
|---|---|---|---|---|
| Miramar Gardens | 999 yrs | - | $1,839 | $2.95 |
| Naung Residence | 999 yrs | 0.04 | $1,454 | $4.17 |
| Silver Hill | 945 yrs | 0.06 | $2,049 | $2.68 |
| People's Garden | 999 yrs | 0.25 | $1,828 | $2.83 |
Data: Recent URA transactions[1]. Miramar provides value over newer, shorter-lease peers.
Investment Potential and Future Outlook
D19's landed market benefits from Hougang MRT (NE14, 2-min walk), Kovan (NE13), and upcoming Cross Island Line (CIL) by 2030, boosting connectivity[5]. New mixed-use hubs and GLP sites enhance capital appreciation, with terrace rebuilds asking $4.7M-$4.88M[5].
Property investment pros: 999-year tenure (near-freehold), low density (42 blocks), proximity to Hougang Mall (5-min walk). Yields ~3%, liquidity moderate due to rarity. Cons: Low transaction volume signals slower resale; older build (1883) may need renos. Best for long-term family holders. See Bena Park Price Trends & Market Analysis | Homejourney ">similar D19 trends at Bena Park.
Actionable steps: 1) Browse available units at Miramar Gardens. 2) Use mortgage rates for financing. 3) Speak to a property agent via Homejourney.
Location Advantages Driving Value
Just 2 mins to Hougang MRT and Central, with KPE/TPE access. Nearby: Schools (1km primaries), Punggol Park, ActiveSG sports centre[5]. This fuels Singapore condo-like demand in a landed setting, though Miramar is terrace-focused.
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FAQ: Miramar Gardens Price Trends and Market Analysis
What are current Miramar Gardens prices?
Avg. resale $1,839 PSF ($3.2M absolute) for 1,759 sqft terraces; no active sales, but listings up to $5.7M[1][3].
Is Miramar Gardens a good investment?
Yes for long-term, with 3% yields and CIL upside, but low liquidity[1][5].
How do rentals trend at Miramar Gardens?
$5,800-$6,500/month ($2.95 PSF) for 1,500-2,000 sqft[1][6].
Compare Miramar Gardens PSF to D19 peers?
Higher value than Parkwood ($889 PSF), competitive with Silver Hill ($2,049)[1].
Where to find Miramar Gardens listings?
Search on Homejourney for verified options.
Ready to explore? Dive into Homejourney's full Miramar Gardens analysis and secure your trusted property journey today.
