We track 25 sales and 154 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE PETALS dashboard.
- Average sale price: $1,939,027 across 25 transactions
- Estimated gross rental yield: 2.4%
- District 23 PSF ranking: Mid-range (top 73%)
- Freehold tenure · OCR · D23 · 270 units
About THE PETALS
THE PETALS is a freehold condominium, located at HILLVIEW AVENUE in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by CENTREPOINT PROPERTIES LTD, comprising 270 residential units, completed in 2002.
As a freehold property, THE PETALS does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE PETALS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 14 | $1,201 psf | $1,441,492 |
| 4 BR | 6 | $1,328 psf | $2,155,981 |
| 5+ BR | 5 | $953 psf | $3,071,778 |
Sales Market Overview
THE PETALS has recorded 25 sale transactions with an average transaction price of $1,939,027, ranging from $1,150,000 to $4,188,888.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 10 | $1,046 psf | $1,571,000 | — |
| 2022 | 3 | $1,343 psf | $1,594,296 | ↑ 28.4% |
| 2023 | 4 | $1,155 psf | $2,179,722 | ↓ 13.9% |
| 2024 | 3 | $1,380 psf | $1,912,667 | ↑ 19.4% |
| 2025 | 5 | $1,260 psf | $2,705,178 | ↓ 8.7% |
THE PETALS ranks in the top 73% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, THE PETALS trades 23.8% below the segment benchmark.
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Rental Market Overview
THE PETALS has recorded 154 rental transactions with monthly rents averaging $3,891/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 54 | $3,359/mo | $2,100/mo | $5,500/mo |
| 3 BR | 69 | $3,718/mo | $2,210/mo | $4,600/mo |
| 4 BR | 31 | $5,200/mo | $3,500/mo | $6,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 26 | $3,010/mo |
| 2022 | 29 | $3,350/mo |
| 2023 | 30 | $4,558/mo |
| 2024 | 31 | $4,085/mo |
| 2025 | 29 | $4,219/mo |
| 2026 | 9 | $4,222/mo |
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Investment Analysis
Based on average rents and sale prices, THE PETALS delivers an estimated gross rental yield of 2.4%. 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 PETALS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE PETALS
- Hume MRT
- Bukit Gombak MRT
- Hillview MRT
- Bukit Batok MRT
- Bukit View Primary School
- Princess Elizabeth Primary School
- Huamin Primary School
Nearby MRT Stations
THE PETALS is 510m from Hume MRT (Downtown Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Hume | DT4 | Downtown Line | 510m |
| Bukit Gombak | NS3 | North-South Line | 1.2 km |
| Hillview | DT3 | Downtown Line | 1.2 km |
| Bukit Batok | NS2 | North-South Line | 1.4 km |
Nearby Schools
There are 3 schools within 2 km of THE PETALS, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bukit View Primary School | Primary | 490m |
| Princess Elizabeth Primary School | Primary | 1.2 km |
| Huamin Primary School | Primary | 1.8 km |
FAQ
What is the average price for THE PETALS?
What is the rental yield for THE PETALS?
Is THE PETALS 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: 25 transactions analysed
- Rental data: 154 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 PETALS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.