Property Comparison
THE FLORENCE RESIDENCES vs THE TERRACE
Serangoon, Hougang· Both projects in the same district
Side-by-Side Comparison
| Metric | THE FLORENCE RESIDENCES | THE TERRACE |
|---|---|---|
| Median PSF | $1,663.746 | $1,287.102 |
| Median Price | $1.25M | $1.68M |
| Recent PSF (Last 10) | $1,873 | $1,556 |
| District | D19 | D19 |
| Property Type | Apartment | Executive Condominium |
| Tenure | 99 yrs lease commencing from 2018 | 99 yrs lease commencing from 2013 |
| Total Units | — | — |
| Completion Year | — | — |
| Transactions | 1,238 | 260 |
Who Should Buy THE FLORENCE RESIDENCES vs THE TERRACE?
🏠 First-Time Buyer
The Terrace suits a first-time buyer as it is an Executive Condominium with a lower median PSF of $1,287.102 compared to The Florence Residences at $1,663.746, aligning with the general rule that ECs cost about 20% less than private condos of similar size[2].
📈 Investor
The Florence Residences suits an investor due to its higher transaction volume of 1,238 and a higher median PSF of $1,663.746, indicating stronger market activity and potential value appreciation compared to The Terrace's 260 transactions and $1,287.102 PSF.
👨👩👧👦 Family
The Florence Residences suits a family as it is a private apartment in District 19 with a larger median PSF of $1,663.746, suggesting more spacious units, while its location near Kovan NE13 and Serangoon CC13 MRTs offers better access to amenities compared to The Terrace's EC status and lower PSF of $1,287.102.