LAUREL TREE is a freehold development along HILLVIEW TERRACE in District 23 (Bukit Panjang / Choa Chu Kang), part of the OCR segment of Singapore's private residential market. The project comprises 70 units and is TOP 2017.
This profile draws on 22 recorded transactions from URA REALIS 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.
At roughly 9 years from TOP, LAUREL TREE is in the early-mature phase: facilities are well-broken-in, strata operations are stable, and pricing has been through one or two market cycles — making comparable-sales analysis meaningful.
Within District 23 (Bukit Panjang / Choa Chu Kang), the immediate context for LAUREL TREE 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 22 sales and 156 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the LAUREL TREE dashboard.
- Average sale price: $747,184 across 22 transactions
- Estimated gross rental yield: 4.5%
- District 23 PSF ranking: Above average (top 46%)
- Freehold tenure · OCR · D23 · 70 units
About LAUREL TREE
LAUREL TREE is a freehold condominium, located at HILLVIEW TERRACE in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by LERIDA PTE LTD, comprising 70 residential units, completed in 2017.
As a freehold property, LAUREL TREE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at LAUREL TREE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 16 | $1,541 psf | $713,252 |
| 2 BR | 6 | $978 psf | $837,667 |
Sales Market Overview
LAUREL TREE has recorded 22 sale transactions with an average transaction price of $747,184, ranging from $655,000 to $870,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 2 | $1,478 psf | $684,075 | — |
| 2023 | 13 | $1,326 psf | $761,299 | ↓ 10.3% |
| 2024 | 4 | $1,417 psf | $754,500 | ↑ 6.9% |
| 2025 | 3 | $1,552 psf | $718,333 | ↑ 9.5% |
LAUREL TREE ranks in the top 46% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, LAUREL TREE trades 10.5% below the segment benchmark.
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Rental Market Overview
LAUREL TREE has recorded 156 rental transactions with monthly rents averaging $2,794/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 38 | $2,620/mo | $2,200/mo | $3,400/mo |
| 1 BR | 118 | $2,850/mo | $2,000/mo | $3,700/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 6 | $2,451/mo |
| 2022 | 49 | $2,768/mo |
| 2023 | 26 | $3,081/mo |
| 2024 | 33 | $2,805/mo |
| 2025 | 36 | $2,679/mo |
| 2026 | 6 | $2,742/mo |
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Investment Analysis
Based on average rents and sale prices, LAUREL TREE delivers an estimated gross rental yield of 4.5%. This places it among the higher-yielding condos in Singapore.
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 | $1,383 psf | 550 |
| MIDWOOD | 99 yrs lease commencing from 2018 | 564 | $1,731 psf | 528 |
| 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 LAUREL TREE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- LAUREL TREE
- Hume MRT
- Bukit Gombak MRT
- Bukit Batok MRT
- Hillview MRT
- Bukit View Primary School
- Princess Elizabeth Primary School
- Huamin Primary School
Nearby MRT Stations
LAUREL TREE is 790m from Hume MRT (Downtown Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Hume | DT4 | Downtown Line | 790m |
| Bukit Gombak | NS3 | North-South Line | 980m |
| Bukit Batok | NS2 | North-South Line | 1.1 km |
| Hillview | DT3 | Downtown Line | 1.5 km |
Nearby Schools
There are 3 schools within 2 km of LAUREL TREE, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bukit View Primary School | Primary | 200m |
| Princess Elizabeth Primary School | Primary | 980m |
| Huamin Primary School | Primary | 1.5 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Walking-distance MRT. Hume is about 0.79km — within the conventional 10-minute walk threshold most tenants accept. The project benefits from the public-transport premium without the price compression that <500m flagship stations command.
Boutique character. With 70 units, LAUREL TREE keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. Bukit View Primary School sits about 0.20km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
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.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
[
{
"persona": "Young couple, first home",
"fit_color": "green",
"reason": "Long balance lease + likely sub-CCR pricing"
},
{
"persona": "Family with school-age kids",
"fit_color": "green",
"reason": "Nearby schools support MOE registration priority"
},
{
"persona": "CBD commuter",
"fit_color": "green",
"reason": "Walking-distance MRT supports daily commute"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "MRT plus mid-size facility suite typically meets expat-tenant criteria"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: LAUREL TREE combines walking-distance MRT with long-tenure leasehold (or freehold) — a solid structural foundation. The district position dictates whether capital appreciation outpaces or tracks the broader market. 22 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 6-10 years to ride out one full macro cycle. 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 LAUREL TREE?
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Is LAUREL TREE freehold or leasehold?
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What is the tenure of LAUREL TREE?
How does LAUREL TREE compare to other projects in the district?
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Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 22 transactions analysed
- Rental data: 156 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 LAUREL TREE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.