Nicon Gardens
Nicon Gardens is a 99-year lease (54 yrs left) condominium development in District 23 (Bukit Batok / Bukit Panjang / Choa Chu Kang). It has 6 recorded private transactions. Latest sale: $1,850,000 (Dec 2024, 185 sqm). Median $911/sqft. Prices up 40% over the period. 54 years lease remaining.
Where Nicon Gardens ranks in District 23
All 73 projects ›Median psf over time
Estimate a unit at Nicon Gardens
Based on URA transactions for this development. Pick a floor band and unit size.
Projection blends market growth with Bala's Table lease decay. Past growth does not guarantee future performance. Not financial advice.
Lease decay
99-year leasehold. Under Bala's Table (SLA's leasehold relativity model), value decays faster as the lease shortens — currently about 0.65% a year.
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Dec 2024 | — | Resale | 185 sqm | $1,850,000 | $929 |
| Nov 2024 | — | Resale | 185 sqm | $1,850,000 | $929 |
| Oct 2024 | — | Resale | 187 sqm | $1,848,800 | $918 |
| Jun 2024 | — | Resale | 185 sqm | $1,800,000 | $904 |
| Nov 2021 | — | Resale | 187 sqm | $1,200,000 | $596 |
| Oct 2021 | — | Resale | 187 sqm | $1,455,000 | $723 |
Nicon Gardens is inside the 1 km Primary 1 priority zone for 2 primary schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.
- This home
- School within 1 km
- School 1–2 km
- 1km ring, top priority
- 2km ring, next tier
Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.
Private condos and apartments closest to Nicon Gardens, with their median resale psf. Useful for comparing what Nicon Gardens costs per square foot against nearby developments.
About Nicon Gardens
Nicon Gardens in District 23 (Bukit Batok / Bukit Panjang / Choa Chu Kang) is a 99-year leasehold condominium development with roughly 54 years of lease left, which makes remaining lease a meaningful price driver here. Its $911 psf median sits about 35% below the District 23 median, cheaper than about 96% of projects there. It has a relatively light transaction record, with 6 sales between 2021-10 and 2024-12, ranging from $1,200,000 to $1,850,000. The most recent transaction was a 185 sqm unit (floors n/a) at $1,850,000 in Dec 2024, and the median is $911 psf. Over the data window, prices here are up about 40% (about 11.2% a year). All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Nicon Gardens cost?
The most recent transaction at Nicon Gardens was $1,850,000 for a 185 sqm unit in 2024-12. The median price is $911 per square foot across 6 transactions, ranging from $1,200,000 to $1,850,000. Data sourced from URA.
Is Nicon Gardens freehold or leasehold?
Nicon Gardens is on a 99-year lease commencing in 1981, with approximately 54 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.65%.
What is the price per square foot (psf) at Nicon Gardens?
The median price at Nicon Gardens is $911 psf, with transactions ranging from $596 to $929 psf. This is based on 6 URA-recorded transactions in District 23.
Have prices at Nicon Gardens gone up or down?
Prices at Nicon Gardens have increased by approximately 40% over the data period (around 11.2% a year). The median price is currently $911 psf, with the most recent sale at $1,850,000 in 2024-12.