We track 3 sales and 13 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the HAZEL PARK TERRACE dashboard.
- Average sale price: $5,226,000 across 3 transactions
- Estimated gross rental yield: 1.3%
- District 23 PSF ranking: Premium tier (top 12%)
- 999 yrs lease commencing from 1882 · OCR · D23 · 80 units
About HAZEL PARK TERRACE
HAZEL PARK TERRACE is a 999 yrs lease commencing from 1882 condominium, located at HAZEL PARK TERRACE in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by ARTS ASSOCIATE COMPANY PTE LTD & HONG LEONG HOLDINGS, comprising 80 residential units, completed in 1998.
With approximately 71 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Sales Market Overview
HAZEL PARK TERRACE has recorded 3 sale transactions with an average transaction price of $5,226,000, ranging from $3,690,000 to $7,288,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,808 psf | $3,690,000 | — |
| 2022 | 1 | $1,396 psf | $7,288,000 | ↓ 22.8% |
| 2025 | 1 | $1,960 psf | $4,700,000 | ↑ 40.4% |
HAZEL PARK TERRACE ranks in the top 12% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, HAZEL PARK TERRACE trades 11% above the segment benchmark.
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Rental Market Overview
HAZEL PARK TERRACE has recorded 13 rental transactions with monthly rents averaging $5,474/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 13 | $5,474/mo | $3,500/mo | $10,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 2 | $3,650/mo |
| 2022 | 4 | $4,928/mo |
| 2023 | 1 | $5,000/mo |
| 2024 | 4 | $6,813/mo |
| 2025 | 1 | $6,900/mo |
| 2026 | 1 | $5,000/mo |
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Investment Analysis
Based on average rents and sale prices, HAZEL PARK TERRACE delivers an estimated gross rental yield of 1.3%. 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 HAZEL PARK TERRACE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- HAZEL PARK TERRACE
- Cashew MRT
- Petir MRT
- Pending MRT
- Bukit Panjang MRT
- Bukit Panjang MRT
- Pei Hwa Presbyterian Primary School
- Springdale Primary School
- Fajar Secondary School
Nearby MRT Stations
HAZEL PARK TERRACE is 390m from Cashew MRT (Downtown Line), with 11 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Cashew | DT2 | Downtown Line | 390m |
| Petir | BP7 | Bukit Panjang LRT | 640m |
| Pending | BP8 | Bukit Panjang LRT | 650m |
| Bukit Panjang | DT1 | Downtown Line | 780m |
| Bukit Panjang | BP6 | Bukit Panjang LRT | 780m |
| Hillview | DT3 | Downtown Line | 1.1 km |
| Bangkit | BP9 | Bukit Panjang LRT | 1.1 km |
| Ten Mile Junction | BP14 | Bukit Panjang LRT | 1.1 km |
Nearby Schools
There are 11 schools within 2 km of HAZEL PARK TERRACE, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 520m |
| Springdale Primary School | Primary | 1.1 km |
| Fajar Secondary School | Secondary | 1.1 km |
| Bukit Panjang Government High School | Secondary | 1.1 km |
| Bukit Panjang Primary School | Primary | 1.2 km |
| Xishan Primary School | Primary | 1.3 km |
| Greenridge Secondary School | Secondary | 1.4 km |
| West Spring Secondary School | Secondary | 1.6 km |
| West Spring Primary School | Primary | 1.7 km |
| Unity Primary School | Primary | 1.7 km |
| Zhenghua Primary School | Primary | 1.7 km |
FAQ
What is the average price for HAZEL PARK TERRACE?
What is the rental yield for HAZEL PARK TERRACE?
Is HAZEL PARK TERRACE 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: 3 transactions analysed
- Rental data: 13 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 HAZEL PARK TERRACE
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