We track 8 sales and 6 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE HILLOFT dashboard.
- Average sale price: $2,983,750 across 8 transactions
- Estimated gross rental yield: 2.9%
- District 23 PSF ranking: Value tier (top 99%)
- 999 yrs lease commencing from 1885 · OCR · D23 · 14 units
About THE HILLOFT
THE HILLOFT is a 999 yrs lease commencing from 1885 condominium, located at JALAN DERMAWAN in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by DB2 DEVELOPMENT PTE LTD, comprising 14 residential units, completed in 2011.
With approximately 84 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Sales Market Overview
THE HILLOFT has recorded 8 sale transactions with an average transaction price of $2,983,750, ranging from $2,580,000 to $3,680,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 4 | $497 psf | $2,745,000 | — |
| 2022 | 1 | $524 psf | $2,580,000 | ↑ 5.6% |
| 2023 | 2 | $580 psf | $3,355,000 | ↑ 10.5% |
| 2024 | 1 | $732 psf | $3,600,000 | ↑ 26.2% |
THE HILLOFT ranks in the top 99% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, THE HILLOFT trades 64.5% below the segment benchmark.
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Rental Market Overview
THE HILLOFT has recorded 6 rental transactions with monthly rents averaging $7,308/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 6 | $7,308/mo | $5,000/mo | $10,800/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 2 | $5,350/mo |
| 2022 | 1 | $6,900/mo |
| 2023 | 2 | $9,150/mo |
| 2025 | 1 | $7,950/mo |
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Investment Analysis
Based on average rents and sale prices, THE HILLOFT delivers an estimated gross rental yield of 2.9%. 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 THE HILLOFT (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE HILLOFT
- Bukit Gombak MRT
- Hume MRT
- Hillview MRT
- Cashew MRT
- Bukit Batok MRT
- Bukit View Primary School
- Princess Elizabeth Primary School
- Huamin Primary School
Nearby MRT Stations
THE HILLOFT is 640m from Bukit Gombak MRT (North-South Line), with 5 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Bukit Gombak | NS3 | North-South Line | 640m |
| Hume | DT4 | Downtown Line | 1.1 km |
| Hillview | DT3 | Downtown Line | 1.2 km |
| Cashew | DT2 | Downtown Line | 1.4 km |
| Bukit Batok | NS2 | North-South Line | 1.4 km |
Nearby Schools
There are 3 schools within 2 km of THE HILLOFT, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bukit View Primary School | Primary | 710m |
| Princess Elizabeth Primary School | Primary | 730m |
| Huamin Primary School | Primary | 1.8 km |
FAQ
What is the average price for THE HILLOFT?
What is the rental yield for THE HILLOFT?
Is THE HILLOFT 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: 8 transactions analysed
- Rental data: 6 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 THE HILLOFT
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.