Overview & Key Facts
CASHEW VILLAS is a 999 yrs lease commencing from 1883 condominium at CASHEW CRESCENT in District 23 (OCR), developed by LUCKY REALTY CO PTE LTD, comprising 172 units, completed in 2006.
Location & Connectivity
CASHEW VILLAS is approximately 560m from Pending MRT station, with 11 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Pending | Bukit Panjang LRT | 560m |
| Cashew | Downtown Line | 570m |
| Petir | Bukit Panjang LRT | 770m |
| Hillview | Downtown Line | 1 km |
| Bangkit | Bukit Panjang LRT | 1 km |
| Bukit Panjang | Downtown Line | 1 km |
Schools & Education
11 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 790m |
| Bukit Panjang Government High School | Secondary | 1.1 km |
| Fajar Secondary School | Secondary | 1.2 km |
| Springdale Primary School | Primary | 1.2 km |
| Bukit Panjang Primary School | Primary | 1.3 km |
| Xishan Primary School | Primary | 1.3 km |
| Greenridge Secondary School | Secondary | 1.5 km |
| Zhenghua Primary School | Primary | 1.7 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 14 | $2,159 psf | $3,670,145 |
| 5+ BR | 11 | $1,794 psf | $4,754,545 |
Market Position
CASHEW VILLAS has recorded 25 sales at an average price of $4,147,281.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 8 | $1,811 psf | — |
| 2022 | 6 | $1,898 psf | ↑ 4.8% |
| 2023 | 3 | $2,228 psf | ↑ 17.4% |
| 2024 | 4 | $2,157 psf | ↓ 3.2% |
| 2025 | 3 | $2,295 psf | ↑ 6.4% |
| 2026 | 1 | $1,891 psf | ↓ 17.6% |
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From the 2025 high, CASHEW VILLAS prices have given back 17.6% — still 4.4% above the 2021 baseline.
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 79 years remaining on its 99-year lease, CASHEW VILLAS still qualifies for full bank financing and CPF usage.
What Could Work Against You
- With just 3 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: nature / park-fronting. Direct or near-direct park/nature frontage adds liveability that's locked in by URA Master Plan zoning.
For yield-focused investors and long-term hold (10+ yr), it can work — but weigh the trade-offs before committing.
freehold / generational hold, cpf-only buyers and resort facilities should probably look elsewhere. 999 yrs lease commencing from 1883 makes this a candidate for multi-generation transfer with no lease-decay drag.
Verdict
CASHEW VILLAS is a 999 yrs lease commencing from 1883 development in District 23 (OCR), with 172 units, offering a gross yield of 2.0%.
At ~$2,194 psf, it represents a competitive entry point in the OCR segment.
Explore the full CASHEW VILLAS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CASHEW VILLAS against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Panjang — 4-room average $581,903 (300m away), an upgrader gap of about $3,550,000
- Choa Chu Kang — 4-room average $559,427 (1.5 km away), an upgrader gap of about $3,600,000
- Bukit Batok — 4-room average $626,224 (1.9 km away), an upgrader gap of about $3,500,000
FAQ
What is the average PSF for CASHEW VILLAS?
Is CASHEW VILLAS freehold?
What is the rental yield for CASHEW VILLAS?
Which MRT is nearest to CASHEW VILLAS?
Sources & Next Steps
- CASHEW VILLAS 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: 25 transactions
- Rental data: 29 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Mar 2026 · 25 records analysed · Source: URA private-sale caveats