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Nicon Gardens

Condominium · in Bukit Batok, District 23, Singapore · 99 yrs from 21/10/1981 · Completed 1984

Data through 29 June 2026

Nicon Gardens project gallery

Nicon Gardens property photo 1 in SingaporeNicon Gardens property photo 2 in SingaporeNicon Gardens property photo 3 in Singapore

Site plan is shown first when available. Scroll to view more project images.

Intro: Nicon Gardens offers a rare opportunity for expansive living in Bukit Batok, featuring generously sized three-bedroom units that start from approximately 1,938 sq ft 🏠.
Good to know: Located just a short walk from Phoenix LRT station 🚆 for easy connectivity; Comprises exclusively large-format three-bedroom apartments 📏; Proximity to West View Primary School and ITE College West 🎓.
Practical note: As a 1984 development, the project has a shorter remaining lease compared to newer condos, which is a key factor for long-term planning ⏳.

D23OCRWestBukit Batok
On this pageSite plan & photosProject detailsNearby MRT & schoolsPrices & transactionsRental trendsFAQs
REALSCOREⓘ
Profitability rank across Singapore
3.3
Annual Returns
Avg annualized profit (past 1y)
4.6%
< 1km
MRT Station
Near
$1M+ HDB
> 1K
MOPs in Town
Mega
Development
< 10y
Property Age
100%
Profitable
Top 20
Schools
50+
Deals Past Yr

Nicon Gardens project details

Street
Choa Chu Kang Road
Property Type
Condominium
Completion
1984
Total Units
762
Unit Size
1,938 - 2,077 sqft
Tenure
99 yrs from 21/10/1981
Lease Remaining
54 yrs
Postal Sector
68

MRT and LRT stations near Nicon Gardens

  • Phoenix81 m · LRTBP5
  • Bukit Panjang346 m · MRTDT1A1A2
  • Teck Whye460 m · LRTBP4
See details on nearby stations

Primary schools near Nicon Gardens

  • West View Primary School659 m
  • Teck Whye Primary School824 m
See details on nearby schools

Nicon Gardens price, PSF and transaction trends

56%
HDB Buyers
$55.4M+
Total Transacted
01-01-1995
First Transacted
29-06-2026
Last Transacted
57
Total Transactions

Nicon Gardens transaction volume

Nicon Gardens transaction volume023462015 · Resale: 320152016 · Resale: 320162017 · Resale: 120172019 · Resale: 520192020 · Resale: 220202021 · Resale: 220212024 · Resale: 420242026 · Resale: 12026
New SaleSub SaleResale

Among the latest 12 recorded sales for Nicon Gardens, the median price was S$1,402,500 and the median PSF was S$697 psf. The newest record shown is from 29 June 2026. The annual project median was 30.7% higher in 2026 than in 2015; unit mix can affect year-to-year comparisons.

Recent Nicon Gardens transactions

DateSale typePricePSFSize
29 June 2026ResaleS$1,792,000S$890 psf2,013 sqft
30 December 2024ResaleS$1,850,000S$929 psf1,991 sqft
22 November 2024ResaleS$1,850,000S$929 psf1,991 sqft
14 October 2024ResaleS$1,848,800S$918 psf2,013 sqft
11 June 2024ResaleS$1,800,000S$904 psf1,991 sqft

Nicon Gardens median transaction PSF (S$)

Nicon Gardens median transaction PSF (S$)02505007501.0K2015 · Median PSF: 68120152016 · Median PSF: 60320162017 · Median PSF: 57120172019 · Median PSF: 64520192020 · Median PSF: 65720202021 · Median PSF: 66020212024 · Median PSF: 92420242026 · Median PSF: 8902026

Nicon Gardens annual price trend

YearMedian priceMedian PSFRecorded sales
2026S$1,792,000S$890 psf1
2024S$1,849,400S$924 psf4
2021S$1,327,500S$660 psf2
2020S$1,315,000S$657 psf2
2019S$1,310,000S$645 psf5
2017S$1,150,000S$571 psf1
2016S$1,207,000S$603 psf3
2015S$1,320,000S$681 psf3
76.7%
% Profitable
23
Profitable
7
Unprofitable
14
> 6% Annualized
9.0 yrs
Avg Holding
$11.8M
Total Profits

Nicon Gardens annualized profit %

Nicon Gardens annualized profit %-5.0%0.0%5.0%10.0%15.0%20.0%2010 · Average Annualized Profit: -1.3%20102012 · Average Annualized Profit: 18.1%20122015 · Average Annualized Profit: 8.3%20152019 · Average Annualized Profit: 4.9%20192020 · Average Annualized Profit: 1.1%20202021 · Average Annualized Profit: 3.2%20212024 · Average Annualized Profit: 6.3%20242026 · Average Annualized Profit: 4.6%2026
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Nicon Gardens rental prices and estimated yield

Past 1 month
$3.74
Avg PSF Rental
1
No. of Rentals
5.0%
Est. Rental Yield

Among the latest 12 recorded rental contracts for Nicon Gardens, the median monthly rent was S$2,950, with records ranging from S$2,500 to S$6,000.

Recent Nicon Gardens rental contracts

Lease dateBedroomsMonthly rentEst. PSFArea
1 February 2026—S$5,800S$4 psf1500-1600
1 September 2025—S$6,000S$3 psf1500-2000
1 October 2023—S$5,200S$3 psf1600-1700
1 June 2023—S$5,800S$4 psf1600-1700
1 December 2022—S$3,500S$2 psf1900-2000

Nicon Gardens rental volume

Nicon Gardens rental volume023462018 · Rentals: 220182019 · Rentals: 520192020 · Rentals: 220202021 · Rentals: 220212022 · Rentals: 320222023 · Rentals: 220232025 · Rentals: 120252026 · Rentals: 12026
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Frequently asked questions about Nicon Gardens

How much do units at Nicon Gardens cost?

The latest 12 recorded sales show a median price of S$1,402,500 and a median of S$697 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at Nicon Gardens?

The latest recorded median monthly rent is S$2,950 and the estimated rental yield based on the past six months is 5.0%. Rental yield is indicative and can vary by unit and costs.

Is Nicon Gardens freehold or leasehold?

Nicon Gardens has a tenure of 99 yrs from 21/10/1981.

When was Nicon Gardens completed?

Nicon Gardens was completed in 1984 and the project has 762 units.

Which MRT or LRT station is nearest to Nicon Gardens?

Phoenix is the nearest station shown, at an estimated straight-line distance of 81 metres.

Which primary schools are near Nicon Gardens?

The primary schools shown within the page’s one-kilometre search are West View Primary School (659 m) and Teck Whye Primary School (824 m). Distances are estimates and do not determine school-admission eligibility.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 29 June 2026. Figures are indicative and do not constitute financial advice.

Compare Nicon Gardens with similar properties

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