HILLVIEW VILLAS

Condo Profile 5 min read Last reviewed
For: First-time buyersInvestorsHDB upgraders
Source: URA REALIS
TL;DR
HILLVIEW VILLAS is a freehold condominium in D23 (Outside Central Region), developed by CYCLE & CARRIAGE (HILLVIEW) PROPERTIES PTE LTD, completed in 1993. Average price: $4,186,500. Gross yield: 1.9%.

We track 12 sales and 20 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the HILLVIEW VILLAS dashboard.

Data as of July 2026
Key Takeaways
  • Average sale price: $4,186,500 across 12 transactions
  • Estimated gross rental yield: 1.9%
  • District 23 PSF ranking: Premium tier (top 17%)
  • Freehold tenure · OCR · D23 · 138 units

About HILLVIEW VILLAS

HILLVIEW VILLAS is a freehold condominium, located at HILLVIEW CRESCENT in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by CYCLE & CARRIAGE (HILLVIEW) PROPERTIES PTE LTD, comprising 138 residential units, completed in 1993.

As a freehold property, HILLVIEW VILLAS does not face lease decay concerns.

D23
District
OCR
Outside Central Region
138
Total Units
1993
TOP Year
1.9%
Gross Yield
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Sales Market Overview

$4,186,500
Avg Price
$3,500,000
Lowest Sale
$6,860,000
Highest Sale
12
Total Sales

HILLVIEW VILLAS has recorded 12 sale transactions with an average transaction price of $4,186,500, ranging from $3,500,000 to $6,860,000.

Price & PSF trend for HILLVIEW VILLAS
YearSalesAvg PSFAvg PriceYoY
20212$1,828 psf$3,745,000
20225$1,495 psf$4,018,000↓ 18.2%
20231$1,894 psf$3,880,000↑ 26.7%
20243$1,754 psf$3,972,667↓ 7.4%
20251$1,248 psf$6,860,000↓ 28.9%

HILLVIEW VILLAS ranks in the top 17% of condos in District 23 by average PSF.

Compared to the OCR average of $1,550 psf, HILLVIEW VILLAS trades 5% above the segment benchmark.

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Rental Market Overview

$6,588/mo
Avg Rent
$2,900/mo
Lowest
$11,000/mo
Highest
20
Total Leases

HILLVIEW VILLAS has recorded 20 rental transactions with monthly rents averaging $6,588/mo.

Rental rates by bedroom for HILLVIEW VILLAS
TypeLeasesAvg RentMinMax
Studio20$6,588/mo$2,900/mo$11,000/mo
Rental trend for HILLVIEW VILLAS
YearLeasesAvg Rent
20217$4,843/mo
20222$6,300/mo
20236$7,775/mo
20242$7,850/mo
20253$7,633/mo

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🧮Estimate Rental Yield for HILLVIEW VILLAS

Investment Analysis

Based on average rents and sale prices, HILLVIEW VILLAS delivers an estimated gross rental yield of 1.9%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.

Investment Verdict: Below Average Yield
HILLVIEW VILLAS offers a gross rental yield of 1.9% in District 23.

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):

District 23 condo comparison
CondoTenureUnitsAvg PSFSales
SOL ACRES99 yrs lease commencing from 20141327$1,385 psf555
MIDWOOD99 yrs lease commencing from 2018564$1,732 psf532
LUMINA GRAND99 yrs lease commencing from 2022512$1,515 psf512
DAIRY FARM RESIDENCES99 yrs lease commencing from 2018460$1,659 psf452
THE BOTANY AT DAIRY FARM99 yrs lease commencing from 2022386$2,053 psf388

Location Map

Map shows HILLVIEW VILLAS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.

  • HILLVIEW VILLAS
  • Hume MRT
  • Bukit Gombak MRT
  • Bukit Batok MRT
  • Hillview MRT
  • Bukit View Primary School
  • Princess Elizabeth Primary School
  • Huamin Primary School

Nearby MRT Stations

HILLVIEW VILLAS is 710m from Hume MRT (Downtown Line), with 4 stations within 1.5 km.

MRT stations near HILLVIEW VILLAS
StationCodeLineDistance
HumeDT4Downtown Line710m
Bukit GombakNS3North-South Line960m
Bukit BatokNS2North-South Line1.2 km
HillviewDT3Downtown Line1.3 km

Nearby Schools

There are 3 schools within 2 km of HILLVIEW VILLAS, including 2 within the 1 km priority zone.

Schools near HILLVIEW VILLAS
SchoolTypeDistance
Bukit View Primary SchoolPrimary330m
Princess Elizabeth Primary SchoolPrimary990m
Huamin Primary SchoolPrimary1.6 km

FAQ

What is the average price for HILLVIEW VILLAS?
The average transaction price is $4,186,500 across 12 sales.
What is the rental yield for HILLVIEW VILLAS?
The estimated gross yield is 1.9%.
Is HILLVIEW VILLAS freehold or leasehold?
HILLVIEW VILLAS is a freehold property.

Methodology & Sources

This analysis covers All available years and refreshes as new data becomes available.

Transaction data sourced from URA REALIS.

  • Sales data: 12 transactions analysed
  • Rental data: 20 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 HILLVIEW VILLAS

Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.

Open HILLVIEW VILLAS Dashboard →

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.

Active GLS sites, District 23
SiteStreetEst. unitsListStatus
Dairy Farm Walk~185ReserveAvailable

HDB Alternatives Nearby

Weighing HILLVIEW VILLAS against staying public? These HDB towns sit within walking or short-drive distance:

  • Bukit Batok — 4-room average $626,224 (350m away), an upgrader gap of about $3,550,000
  • Central Area — 4-room average $1,088,814 (1.8 km away), an upgrader gap of about $3,100,000
  • Jurong East — 4-room average $564,824 (1.9 km away), an upgrader gap of about $3,600,000
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