THE PETALS is a freehold development along HILLVIEW AVENUE in District 23 (Bukit Panjang / Choa Chu Kang), part of the OCR segment of Singapore's private residential market. The project comprises 270 units and is TOP 2002.
This profile draws on 25 recorded transactions from URA 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 24 years from TOP, THE PETALS is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 23 (Bukit Panjang / Choa Chu Kang), the immediate context for THE PETALS 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 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 |
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 0.51km — 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.
Solid facilities scale. 270 units is large enough to support pool, gym, function rooms, and BBQ pavilions without the booking-pressure issues that smaller boutique developments face. Per-unit maintenance is in a manageable band.
School-belt proximity. Bukit View Primary School sits about 0.49km 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.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ✅ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: THE PETALS 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. 25 transactions in URA 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 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.
- 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.
New Sale vs Resale Mix
Of the 1,234 condo transactions recorded in District 23 over the last 12 months, 75% resale, 23% new sale, 3% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 23 reads 128.2 as of June 2026 — up 3.6% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
1 active Government Land Sales site in District 23 could add roughly 185 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Dairy Farm Walk | — | ~185 | Reserve | Available |
HDB Alternatives Nearby
Weighing THE PETALS against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Batok — 4-room average $626,224 (370m away), an upgrader gap of about $1,300,000
- Central Area — 4-room average $1,088,814 (1.7 km away), an upgrader gap of about $850,000