We track 58 sales and 393 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE LANAI dashboard.
- Average sale price: $1,748,594 across 58 transactions
- Estimated gross rental yield: 2.8%
- District 23 PSF ranking: Premium tier (top 19%)
- 999 yrs lease commencing from 1885 · OCR · D23 · 214 units
About THE LANAI
THE LANAI is a 999 yrs lease commencing from 1885 condominium, located at HILLVIEW AVENUE in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by HONG MOH PROPERTIES PTE LTD, comprising 214 residential units, completed in 2015.
With approximately 88 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 THE LANAI:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 3 | $1,603 psf | $1,518,333 |
| 3 BR | 54 | $1,584 psf | $1,749,323 |
| 4 BR | 1 | $1,486 psf | $2,400,000 |
Sales Market Overview
THE LANAI has recorded 58 sale transactions with an average transaction price of $1,748,594, ranging from $1,318,888 to $2,400,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 8 | $1,446 psf | $1,567,347 | — |
| 2022 | 3 | $1,487 psf | $1,693,333 | ↑ 2.8% |
| 2023 | 16 | $1,574 psf | $1,708,681 | ↑ 5.8% |
| 2024 | 8 | $1,632 psf | $1,815,486 | ↑ 3.7% |
| 2025 | 16 | $1,621 psf | $1,738,000 | ↓ 0.7% |
| 2026 | 7 | $1,663 psf | $2,018,413 | ↑ 2.6% |
THE LANAI ranks in the top 19% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, THE LANAI trades 2.1% above the segment benchmark.
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Rental Market Overview
THE LANAI has recorded 393 rental transactions with monthly rents averaging $4,112/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 158 | $3,610/mo | $2,000/mo | $5,000/mo |
| 3 BR | 200 | $4,293/mo | $2,800/mo | $6,000/mo |
| 4 BR | 35 | $5,337/mo | $3,700/mo | $7,100/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 74 | $3,174/mo |
| 2022 | 86 | $3,823/mo |
| 2023 | 78 | $4,666/mo |
| 2024 | 61 | $4,325/mo |
| 2025 | 70 | $4,504/mo |
| 2026 | 24 | $4,548/mo |
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Investment Analysis
Based on average rents and sale prices, THE LANAI delivers an estimated gross rental yield of 2.8%. 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 LANAI (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE LANAI
- Hume MRT
- Hillview MRT
- Bukit Gombak MRT
- Bukit View Primary School
- Princess Elizabeth Primary School
- Huamin Primary School
Nearby MRT Stations
THE LANAI is 530m from Hume MRT (Downtown Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Hume | DT4 | Downtown Line | 530m |
| Hillview | DT3 | Downtown Line | 1.0 km |
| Bukit Gombak | NS3 | North-South Line | 1.1 km |
Nearby Schools
There are 3 schools within 2 km of THE LANAI, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bukit View Primary School | Primary | 640m |
| Princess Elizabeth Primary School | Primary | 1.2 km |
| Huamin Primary School | Primary | 1.9 km |
FAQ
What is the average price for THE LANAI?
What is the rental yield for THE LANAI?
Is THE LANAI 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: 58 transactions analysed
- Rental data: 393 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 LANAI
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.