Overview & Key Facts
CASHEW PARK CONDOMINIUM is a 999 yrs lease commencing from 1882 condominium at CASHEW ROAD in District 23 (OCR), developed by ORIENTAL CREDIT & REALTY PTE LTD (HONG LEONG HOLDINGS), comprising 148 units, completed in 1983.
Location & Connectivity
CASHEW PARK CONDOMINIUM is approximately 370m from Cashew MRT station, with 10 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Cashew | Downtown Line | 370m |
| Pending | Bukit Panjang LRT | 690m |
| Petir | Bukit Panjang LRT | 780m |
| Hillview | Downtown Line | 930m |
| Bukit Panjang | Downtown Line | 950m |
| Bukit Panjang | Bukit Panjang LRT | 950m |
Schools & Education
11 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 700m |
| Fajar Secondary School | Secondary | 1.2 km |
| Springdale Primary School | Primary | 1.2 km |
| Bukit Panjang Government High School | Secondary | 1.2 km |
| Bukit Panjang Primary School | Primary | 1.3 km |
| Xishan Primary School | Primary | 1.4 km |
| Greenridge Secondary School | Secondary | 1.5 km |
| West Spring Secondary School | Secondary | 1.7 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 1 | $1,330 psf | $1,188,000 |
| 3 BR | 4 | $1,339 psf | $1,618,750 |
| 4 BR | 5 | $1,216 psf | $1,796,600 |
Market Position
CASHEW PARK CONDOMINIUM has recorded 10 sales at an average price of $1,664,600.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at CASHEW PARK CONDOMINIUM typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 2 BR | $2,511/mo | $1,188,000 | 2.54% |
| 3 BR | $3,396/mo | $1,618,750 | 2.52% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 2 | $1,115 psf | — |
| 2022 | 2 | $1,268 psf | ↑ 13.8% |
| 2023 | 3 | $1,342 psf | ↑ 5.8% |
| 2024 | 3 | $1,324 psf | ↓ 1.4% |
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CASHEW PARK CONDOMINIUM prices are holding within 1.4% of the 2023 peak, 18.7% above the 2021 starting level.
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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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | $1,389 psf | 568 |
| MIDWOOD | 99 yrs lease commencing from 2018 | $1,736 psf | 544 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | $1,660 psf | 458 |
| THE MYST | 99 yrs lease commencing from 2023 | $2,093 psf | 390 |
Lease Analysis
With 56 years remaining on its 99-year lease, buyers should note CPF usage and loan tenure may be restricted.
What Could Work Against You
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- Completed in 1983, the development is over 43 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
The profile fits mrt-walkable commuters, nature / park-fronting, en-bloc speculators and freehold / generational hold best. Located ~373m from Cashew MRT, this property is a comfortable daily walk for transit commuters.
yield-focused investors and long-term hold (10+ yr) should treat this as a shortlist candidate, not a default choice.
resort facilities should probably look elsewhere. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
Verdict
CASHEW PARK CONDOMINIUM is a 999 yrs lease commencing from 1882 development in District 23 (OCR), with 148 units, offering a gross yield of 2.4%.
Explore the full CASHEW PARK CONDOMINIUM dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CASHEW PARK CONDOMINIUM against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Panjang — 4-room average $581,903 (380m away), an upgrader gap of about $1,100,000
- Choa Chu Kang — 4-room average $559,427 (1.3 km away), an upgrader gap of about $1,100,000
- Bukit Batok — 4-room average $626,224 (1.7 km away), an upgrader gap of about $1,050,000
FAQ
What is the average PSF for CASHEW PARK CONDOMINIUM?
Is CASHEW PARK CONDOMINIUM freehold?
What is the rental yield for CASHEW PARK CONDOMINIUM?
Which MRT is nearest to CASHEW PARK CONDOMINIUM?
Sources & Next Steps
- CASHEW PARK CONDOMINIUM Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) — District 23 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 10 transactions
- Rental data: 134 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Nov 2024 · 10 records analysed · Source: URA private-sale caveats