We track 9 sales and 108 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the ESPA dashboard.
- Average sale price: $1,689,778 across 9 transactions
- Estimated gross rental yield: 2.6%
- District 23 PSF ranking: Above average (top 33%)
- 999 yrs lease commencing from 1882 · OCR · D23 · 78 units
About ESPA
ESPA 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 SB DEVELOPMENT PTE LTD, comprising 78 residential units, completed in 2008.
With approximately 81 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 ESPA:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,471 psf | $1,330,000 |
| 3 BR | 5 | $1,548 psf | $1,654,000 |
| 4 BR | 2 | $1,365 psf | $2,139,000 |
Sales Market Overview
ESPA has recorded 9 sale transactions with an average transaction price of $1,689,778, ranging from $1,280,000 to $2,420,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,399 psf | $1,485,000 | — |
| 2022 | 4 | $1,452 psf | $1,549,500 | ↑ 3.7% |
| 2024 | 1 | $1,689 psf | $1,800,000 | ↑ 16.4% |
| 2025 | 1 | $1,441 psf | $2,420,000 | ↓ 14.7% |
| 2026 | 1 | $1,674 psf | $1,820,000 | ↑ 16.2% |
ESPA ranks in the top 33% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, ESPA trades 3.9% below the segment benchmark.
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Rental Market Overview
ESPA has recorded 108 rental transactions with monthly rents averaging $3,670/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 19 | $2,947/mo | $1,800/mo | $4,000/mo |
| 3 BR | 55 | $3,747/mo | $2,400/mo | $5,500/mo |
| 4 BR | 34 | $3,949/mo | $2,800/mo | $5,250/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 17 | $2,653/mo |
| 2022 | 27 | $3,415/mo |
| 2023 | 18 | $4,069/mo |
| 2024 | 18 | $4,008/mo |
| 2025 | 25 | $4,034/mo |
| 2026 | 3 | $4,267/mo |
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Investment Analysis
Based on average rents and sale prices, ESPA delivers an estimated gross rental yield of 2.6%. 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 |
Location Map
Map shows ESPA (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- ESPA
- Cashew MRT
- Hillview MRT
- Pending MRT
- Petir MRT
- Bukit Panjang MRT
- Pei Hwa Presbyterian Primary School
- Springdale Primary School
- Fajar Secondary School
Nearby MRT Stations
ESPA is 120m from Cashew MRT (Downtown Line), with 9 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Cashew | DT2 | Downtown Line | 120m |
| Hillview | DT3 | Downtown Line | 760m |
| Pending | BP8 | Bukit Panjang LRT | 1.0 km |
| Petir | BP7 | Bukit Panjang LRT | 1.0 km |
| Bukit Panjang | DT1 | Downtown Line | 1.1 km |
| Bukit Panjang | BP6 | Bukit Panjang LRT | 1.1 km |
| Phoenix | BP5 | Bukit Panjang LRT | 1.4 km |
| Ten Mile Junction | BP14 | Bukit Panjang LRT | 1.4 km |
Nearby Schools
There are 10 schools within 2 km of ESPA, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 820m |
| Springdale Primary School | Primary | 1.4 km |
| Fajar Secondary School | Secondary | 1.5 km |
| Bukit Panjang Government High School | Secondary | 1.5 km |
| Bukit Panjang Primary School | Primary | 1.6 km |
| Xishan Primary School | Primary | 1.7 km |
| Greenridge Secondary School | Secondary | 1.7 km |
| West Spring Secondary School | Secondary | 1.9 km |
| Unity Primary School | Primary | 1.9 km |
| West Spring Primary School | Primary | 2.0 km |
FAQ
What is the average price for ESPA?
What is the rental yield for ESPA?
Is ESPA freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 9 transactions analysed
- Rental data: 108 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 ESPA
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.