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 | $1.26M | $1.67M |
| Recent PSF (Last 10) | $1,920 | $1,516 |
| 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 Florence Residences provides a lower entry point for first-time buyers with a median price of $1,258,944. This is $422,056 lower than the median price of $1,681,000 at The Terrace, making it more accessible for those with smaller initial capital outlays.
📈 Investor
Investors may favor The Florence Residences due to its high transaction volume of 1,238 units and a higher median PSF of $1,663.746. The project demonstrates a higher price ceiling with a PSF range reaching $1,999, compared to the $1,659 maximum PSF recorded at The Terrace.
👨👩👧👦 Family
The Terrace is suitable for families as its lower median PSF of $1,287.102 suggests larger unit sizes for the total price compared to the $1,663.746 median PSF at The Florence Residences. As an Executive Condominium with a median price of $1,681,000, it caters to the space requirements typically associated with family-oriented housing in District 19.