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Home/District 23 - Bukit Batok, Bukit Panjang/INZ RESIDENCE

INZ RESIDENCE

District 23OCR99 yrs lease commencing from 2015PropertyGuru

Project Details

Address
CHOA CHU KANG AVENUE 5
Property Type
Executive Condominium
Total Units
497
Est. TOP
2019
Developer
Qingjian Realty (Choa Chu Kang) Pte Ltd
Tenure
99 yrs lease commencing from 2015
Price by Bedroom (median, 3yr)
2-Bed
$968,000
15 txns
3-Bed
$1,448,888
102 txns
4-Bed
$1,800,000
13 txns
5-Bed
$2,338,000
6 txns
Median PSF (3yr)
$1419
136 transactions
Normalized PSF
$1,589
Raw $1,419 · Bala 93.9%
vs new D23 launches
-22.1%
Both sides Bala-normalized

About this number

Normalized PSF uses Bala's Table - the Singapore Land Authority differential premium reference for valuing leasehold against freehold. Bala values a fresh 99-year lease at 96% of freehold; the curve drops non-linearly, reaching ~75% at 50 years remaining and ~60% at 30 years.

Below 40 years remaining we stop normalizing because the curve diverges from market reality once CPF withdrawal restrictions and bank LTV cliffs dominate.

A separate 5% adjustment applies to projects whose lease commenced before 2023, reflecting the older strata-area measurement convention (which counted air-con ledges and bay windows).

Source: Singapore Land Authority differential premium reference (Bala's Table).

Investment Signals

Chua Chu Kang Primary (450m)T3South View Primary School (1.1km)T1Dazhong Primary School (2.0km)T3Moderate supply: 872 units within 2kmNo MRT within 1km

PSF Trend

Transaction prices per square foot

More projects in District 23 - Bukit Batok, Bukit Panjang ->
Last 3 years
  • INZ RESIDENCEOCR
    Apr 2026 · D23 · 3-Bed · 883 sqft · fl 06-10
    $1,308,888
    $1,483 psf
    $1,662 norm
    Resale
  • INZ RESIDENCEOCR
    Feb 2026 · D23 · 3-Bed · 990 sqft · fl 06-10
    $1,510,000
    $1,525 psf
    $1,709 norm
    Resale
  • INZ RESIDENCEOCR
    Feb 2026 · D23 · 3-Bed · 1,130 sqft · fl 11-15
    $1,610,000
    $1,425 psf
    $1,597 norm
    Resale
  • INZ RESIDENCEOCR
    Jan 2026 · D23 · 3-Bed · 969 sqft · fl 06-10
    $1,428,888
    $1,475 psf
    $1,653 norm
    Resale
  • INZ RESIDENCEOCR
    Jan 2026 · D23 · 3-Bed · 1,012 sqft · fl 06-10
    $1,466,888
    $1,450 psf
    $1,625 norm
    Resale
  • INZ RESIDENCEOCR
    Jan 2026 · D23 · 3-Bed · 1,066 sqft · fl 01-05
    $1,560,000
    $1,464 psf
    $1,641 norm
    Resale
  • INZ RESIDENCEOCR
    Dec 2025 · D23 · 3-Bed · 883 sqft · fl 06-10
    $1,338,888
    $1,517 psf
    $1,700 norm
    Resale
  • INZ RESIDENCEOCR
    Dec 2025 · D23 · 3-Bed · 1,173 sqft · fl 01-05
    $1,738,000
    $1,481 psf
    $1,660 norm
    Resale
  • INZ RESIDENCEOCR
    Dec 2025 · D23 · 3-Bed · 883 sqft · fl 01-05
    $1,220,000
    $1,382 psf
    $1,549 norm
    Resale
  • INZ RESIDENCEOCR
    Nov 2025 · D23 · 3-Bed · 1,109 sqft · fl 11-15
    $1,750,000
    $1,578 psf
    $1,769 norm
    Resale
  • INZ RESIDENCEOCR
    Nov 2025 · D23 · 5-Bed · 1,690 sqft · fl 01-05
    $2,320,000
    $1,373 psf
    $1,539 norm
    Resale
  • INZ RESIDENCEOCR
    Nov 2025 · D23 · 3-Bed · 883 sqft · fl 01-05
    $1,248,888
    $1,415 psf
    $1,586 norm
    Resale
  • INZ RESIDENCEOCR
    Oct 2025 · D23 · 3-Bed · 1,012 sqft · fl 11-15
    $1,458,888
    $1,442 psf
    $1,616 norm
    Resale
  • INZ RESIDENCEOCR
    Oct 2025 · D23 · 3-Bed · 1,044 sqft · fl 01-05
    $1,500,000
    $1,437 psf
    $1,611 norm
    Resale
  • INZ RESIDENCEOCR
    Sep 2025 · D23 · 3-Bed · 883 sqft · fl 01-05
    $1,285,000
    $1,456 psf
    $1,632 norm
    Resale
  • INZ RESIDENCEOCR
    Sep 2025 · D23 · 4-Bed · 1,184 sqft · fl 01-05
    $1,710,000
    $1,444 psf
    $1,618 norm
    Resale
  • INZ RESIDENCEOCR
    Sep 2025 · D23 · 3-Bed · 990 sqft · fl 01-05
    $1,380,888
    $1,394 psf
    $1,562 norm
    Resale
  • INZ RESIDENCEOCR
    Sep 2025 · D23 · 3-Bed · 1,044 sqft · fl 11-15
    $1,550,000
    $1,485 psf
    $1,664 norm
    Resale
  • INZ RESIDENCEOCR
    Sep 2025 · D23 · 3-Bed · 990 sqft · fl 01-05
    $1,400,000
    $1,414 psf
    $1,585 norm
    Resale
  • INZ RESIDENCEOCR
    Sep 2025 · D23 · 3-Bed · 1,044 sqft · fl 01-05
    $1,468,000
    $1,406 psf
    $1,576 norm
    Resale
ProjectDistRegionBedFloorAreaPricePSF99yr NormDateType
INZ RESIDENCE23OCR306-10883$1,308,888$1,483$1,662Apr 2026Resale
INZ RESIDENCE23OCR306-10990$1,510,000$1,525$1,709Feb 2026Resale
INZ RESIDENCE23OCR311-151,130$1,610,000$1,425$1,597Feb 2026Resale
INZ RESIDENCE23OCR306-10969$1,428,888$1,475$1,653Jan 2026Resale
INZ RESIDENCE23OCR306-101,012$1,466,888$1,450$1,625Jan 2026Resale
INZ RESIDENCE23OCR301-051,066$1,560,000$1,464$1,641Jan 2026Resale
INZ RESIDENCE23OCR306-10883$1,338,888$1,517$1,700Dec 2025Resale
INZ RESIDENCE23OCR301-051,173$1,738,000$1,481$1,660Dec 2025Resale
INZ RESIDENCE23OCR301-05883$1,220,000$1,382$1,549Dec 2025Resale
INZ RESIDENCE23OCR311-151,109$1,750,000$1,578$1,769Nov 2025Resale
INZ RESIDENCE23OCR501-051,690$2,320,000$1,373$1,539Nov 2025Resale
INZ RESIDENCE23OCR301-05883$1,248,888$1,415$1,586Nov 2025Resale
INZ RESIDENCE23OCR311-151,012$1,458,888$1,442$1,616Oct 2025Resale
INZ RESIDENCE23OCR301-051,044$1,500,000$1,437$1,611Oct 2025Resale
INZ RESIDENCE23OCR301-05883$1,285,000$1,456$1,632Sep 2025Resale
INZ RESIDENCE23OCR401-051,184$1,710,000$1,444$1,618Sep 2025Resale
INZ RESIDENCE23OCR301-05990$1,380,888$1,394$1,562Sep 2025Resale
INZ RESIDENCE23OCR311-151,044$1,550,000$1,485$1,664Sep 2025Resale
INZ RESIDENCE23OCR301-05990$1,400,000$1,414$1,585Sep 2025Resale
INZ RESIDENCE23OCR301-051,044$1,468,000$1,406$1,576Sep 2025Resale

Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.

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