The residential enclave around Flora Drive in Changi is fairly built up but its long-term prospects remain positive, consultants say.
The area is dominated by private condominiums, many of them named after flowers.
The most recent launch to blossom in the area was the 99-year leasehold, The Inflora by Hong Leong Holdings.
Buyers grabbed at least 250 of the 396 units when sales opened last week, drawn by low prices under $1,000 per sq ft (psf).
Most of the condos in the Flora Drive area have been developed by Hong Leong or its listed arm, City Developments, as Hong Leong bought a huge tract of land in the vicinity in the 1970s.
Apart from Inflora, Hong Leong has been involved in the development of eight large condos there - Azalea Park, Ballota Park, Carissa Park, Dahlia Park, Edelweiss Park, Ferraria Park, The Gale and Hedges Park.
Azalea Park is on a 999-year leasehold and Hedges Park is on a 99-year leasehold.
The remaining six are freehold.
Other new condos under construction in the district include Palm Isles by Frasers Centrepoint and Parc Olympia by Koh Brothers. Both are on 99-year leaseholds.
Rents at older condos such as Azalea Park, Ballota Park, Carissa Park and Dahlia Park average $2.40 psf to $2.80 psf per month. Edelweiss Park and condos newer than that command $2.70 psf to $3.10 psf per month.
Source: Straits Times - 2 November 2013