Explainer

Did You Know Serangoon Gardens Homes Once Sold For $11,900? Homes Now Resell For Up To $7.15M

5 October 2026 | BY

Before multimillion-dollar landed homes, Serangoon Gardens homes were sold with repayments of as low as $81.50/month.

Serangoon Gardens then and now, showing historical shophouses and a modern terrace patio advertised at $6.28M

Mention Serangoon Gardens to any Singaporean and you’ll probably hear words like “high-SES” and “boujee”. That’s a fairly accurate description of the neighbourhood today, with its multimillion-dollar landed homes and Chomp Chomp just around the corner. But did you know that the estate was originally built for Singapore’s lower-income office workers?

In the 1950s, British developer Steven Charles Macey set up the Serangoon Garden Estate Company and bought 300 acres of rubber plantation land from Singapore United Rubber Plantations. His plan was to build around 2,200 homes for lower-income white-collar workers.

2,200 homes initially built for Singapore’s white-collar workers with prices as low as $11,900

Serangoon Garden Circus roundabout surrounded by greenery and low-rise buildingsSerangoon Garden Circus.
Image credit: Lester Koh via Google Maps

The entire estate began as a low-cost housing project of 2,200 homes, and was marketed towards lower-income white-collar workers, with terraces priced from $12,000 and bungalows at $21,000.

Compare that with today, when terrace homes on Hythe Road have sold from $4.8M and a landed home loan here can easily run into the millions. A monthly instalment under $100 is hard to picture now, although that modest sum was definitely worth a lot more back then.

Original Serangoon Garden Estate advertisement showing prices from $11,900 to $21,000 and a monthly repayment tableA 1950s advertisement with deposits, loans and monthly repayments listed by house type.
Image credit: Josephine Ong, via National Heritage Board

The estate was built for local salaried workers, but it soon drew another group of residents. British servicemen and their families, including RAF families looking for homes outside their camps, rented houses and rooms from local owners.

 

Shops at Serangoon Garden Circus photographed in 1995Shops at Serangoon Garden Circus in 1995.
Image credit: Lee Kip Lin Collection, National Library Singapore, via NHB

Many of them gathered at the Serangoon Gardens Sports Club, which Macey and residents founded in 1955. It officially opened in 1956. Membership cost $2 and was open only to estate residents, and the club’s own history says most members were British servicemen. Activities ranged from football and hockey to billiards and darts.

In 1981, redevelopment turned it into the Serangoon Gardens Country Club we know today.

Most of present-day Serangoon Gardens has been rebuilt

Older low-rise houses with tiled roofs and front gates in Serangoon GardensImage credit: Remember Singapore

Much of Serangoon Gardens today is lined with tall, rebuilt terraces, but you’ll still spot a few old-school terraced homes along streets like Bridport Avenue.

PropertyGuru listing showing a renovated Serangoon Gardens corner terrace advertised for S$6,280,000A renovated corner terrace advertised at $6.28M. Listing checked on 30th September 2026.
Image credit: Avery Lee via PropertyGuru

Today’s listings show just how different a home in the estate can look. A Serangoon Gardens corner terrace advertised at $6.28M, checked on 30th September 2026, comes with a landscaped outdoor area, a sheltered patio and contemporary kitchen and bathroom finishes. The listing gives a land area of 2,950sqft and a 999-year lease.

Serangoon Gardens homes once sold for $11,900

The red zinc roofs explain an old nickname; the newer houses show how much owners have changed the estate since. For one particularly distinctive example, take a look inside Oku House, a Serangoon Gardens terrace reworked around greenery and layered spaces.

Next time you’re heading to Chomp Chomp, give yourself a few extra minutes before dinner. Look up at the street names and along the rows of houses, then think back to that sales leaflet with its $81.50 monthly instalments. The supper stop you know so well began as somewhere a salaried worker might plan to buy a first home.

Read other related articles:

Drop us your email so you won't miss the latest news.

More In... #landed property

Related