CASHEW HEIGHTS CONDOMINIUM is a 65-year balance leasehold development along CASHEW ROAD in District 23 (Bukit Panjang / Choa Chu Kang), part of the OCR segment of Singapore's private residential market. The project comprises 596 units and is TOP 1992.
This profile draws on 41 recorded transactions from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 23 (Bukit Panjang / Choa Chu Kang), the immediate context for CASHEW HEIGHTS CONDOMINIUM is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 41 sales and 345 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the CASHEW HEIGHTS CONDOMINIUM dashboard.
- Average sale price: $2,239,428 across 41 transactions
- Estimated gross rental yield: 2.1%
- District 23 PSF ranking: Above average (top 36%)
- 999 yrs lease commencing from 1882 · OCR · D23 · 596 units
About CASHEW HEIGHTS CONDOMINIUM
CASHEW HEIGHTS CONDOMINIUM is a 999 yrs lease commencing from 1882 condominium, located at CASHEW ROAD in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by CITY DEVELOPMENTS LTD, comprising 596 residential units, completed in 1992.
With approximately 65 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at CASHEW HEIGHTS CONDOMINIUM:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 12 | $1,548 psf | $1,903,833 |
| 4 BR | 29 | $1,437 psf | $2,378,295 |
Sales Market Overview
CASHEW HEIGHTS CONDOMINIUM has recorded 41 sale transactions with an average transaction price of $2,239,428, ranging from $1,628,000 to $2,770,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 4 | $1,288 psf | $1,986,250 | — |
| 2022 | 8 | $1,411 psf | $2,111,111 | ↑ 9.5% |
| 2023 | 16 | $1,461 psf | $2,248,556 | ↑ 3.5% |
| 2024 | 9 | $1,538 psf | $2,312,863 | ↑ 5.3% |
| 2025 | 3 | $1,641 psf | $2,473,333 | ↑ 6.7% |
| 2026 | 1 | $1,671 psf | $2,770,000 | ↑ 1.8% |
CASHEW HEIGHTS CONDOMINIUM ranks in the top 36% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, CASHEW HEIGHTS CONDOMINIUM trades 5.2% below the segment benchmark.
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Rental Market Overview
CASHEW HEIGHTS CONDOMINIUM has recorded 345 rental transactions with monthly rents averaging $3,943/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 3 BR | 345 | $3,943/mo | $2,050/mo | $6,600/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 60 | $2,927/mo |
| 2022 | 60 | $3,360/mo |
| 2023 | 79 | $4,443/mo |
| 2024 | 56 | $4,189/mo |
| 2025 | 71 | $4,426/mo |
| 2026 | 19 | $4,379/mo |
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Investment Analysis
Based on average rents and sale prices, CASHEW HEIGHTS CONDOMINIUM delivers an estimated gross rental yield of 2.1%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 23
Side-by-side comparison against the most actively traded condos in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | 1327 | $1,385 psf | 555 |
| MIDWOOD | 99 yrs lease commencing from 2018 | 564 | $1,732 psf | 532 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | 512 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | 460 | $1,659 psf | 452 |
| THE BOTANY AT DAIRY FARM | 99 yrs lease commencing from 2022 | 386 | $2,053 psf | 388 |
Resort-scale facilities. At 596 units, CASHEW HEIGHTS CONDOMINIUM typically supports a deep facilities suite: 50m pool, multiple gym zones, function rooms, tennis or BBQ pavilions, and often a clubhouse. The maintenance fee is shared across a wide base, keeping per-unit cost manageable.
Mature streetscape and amenity coverage. The immediate neighbourhood has the daily-living amenity profile of an established residential precinct — hawker centres, supermarkets, clinics, parks within a short walk or drive. The convenience compounds over a hold, even if no single amenity is a headline feature.
Unverified MRT proximity. The MRT distance is not recorded in our reference data. Before underwriting any MRT premium in your valuation, do a manual walking-time check on OneMap or Google Maps — listing summaries routinely conflate driving distance with walking distance.
Lease tenor below 75 years. With roughly 65 years remaining, CPF usage starts to be capped (the 95-year rule reduces utilisation as lease decays), and bank loan tenor compresses correspondingly. The resale buyer pool narrows toward older buyers with shorter horizons.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
- ⚠️ Young couple, first home: Lease horizon constrains long-hold optionality
- ⚠️ Family with school-age kids: Verify exact 1km/2km school-finder boundaries
- ⚠️ CBD commuter: Bus or own-vehicle commute likely required
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): Verify tenant-pool depth in immediate catchment
- ⚠️ Long-term hold (10+ yr): Plan exit timing around lease-decay thresholds
Composite assessment: CASHEW HEIGHTS CONDOMINIUM sits in an off-MRT-spine pocket where own-vehicle commuting and a narrower tenant pool define the economics. Suits owner-occupiers who prioritise the specific neighbourhood and lifestyle fit over capital-market efficiency. 41 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 7-12 years with realistic vacancy and re-let cost assumptions. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for CASHEW HEIGHTS CONDOMINIUM?
What is the rental yield for CASHEW HEIGHTS CONDOMINIUM?
Is CASHEW HEIGHTS CONDOMINIUM freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 41 transactions analysed
- Rental data: 345 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for CASHEW HEIGHTS CONDOMINIUM
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 1,234 condo transactions recorded in District 23 over the last 12 months, 75% resale, 23% new sale, 3% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 23 reads 128.2 as of June 2026 — up 3.6% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
1 active Government Land Sales site in District 23 could add roughly 185 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Dairy Farm Walk | — | ~185 | Reserve | Available |