Overview & Key Facts
HAZEL PARK CONDOMINIUM is a 999 yrs lease commencing from 1882 condominium at HAZEL PARK TERRACE in District 23 (OCR), developed by HONG LEONG HOLDINGS, comprising 696 units, completed in 2001.
Location & Connectivity
HAZEL PARK CONDOMINIUM is approximately 440m from Cashew MRT station, with 13 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Cashew | Downtown Line | 440m |
| Petir | Bukit Panjang LRT | 560m |
| Bukit Panjang | Downtown Line | 650m |
| Bukit Panjang | Bukit Panjang LRT | 650m |
| Pending | Bukit Panjang LRT | 670m |
| Ten Mile Junction | Bukit Panjang LRT | 1 km |
Schools & Education
11 schools within 2 km (3 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 390m |
| Springdale Primary School | Primary | 960m |
| Fajar Secondary School | Secondary | 1 km |
| Bukit Panjang Primary School | Primary | 1.1 km |
| Bukit Panjang Government High School | Secondary | 1.1 km |
| Xishan Primary School | Primary | 1.2 km |
| Greenridge Secondary School | Secondary | 1.3 km |
| West Spring Secondary School | Secondary | 1.5 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 61 | $1,564 psf | $1,903,126 |
| 4 BR | 24 | $1,519 psf | $2,205,333 |
| 5+ BR | 3 | $1,255 psf | $3,466,000 |
Market Position
HAZEL PARK CONDOMINIUM has recorded 88 sales at an average price of $2,038,826.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at HAZEL PARK CONDOMINIUM typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 3 BR | $3,772/mo | $1,903,126 | 2.38% |
| 4 BR | $4,532/mo | $2,205,333 | 2.47% |
| 5 BR | $8,350/mo | $3,466,000 | 2.89% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 23 | $1,278 psf | — |
| 2022 | 7 | $1,408 psf | ↑ 10.2% |
| 2023 | 15 | $1,662 psf | ↑ 18.0% |
| 2024 | 15 | $1,641 psf | ↓ 1.3% |
| 2025 | 22 | $1,658 psf | ↑ 1.0% |
| 2026 | 6 | $1,723 psf | ↑ 4.0% |
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HAZEL PARK CONDOMINIUM prices sit at a fresh series high after a 4.0% gain on the prior period, now 34.8% 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 74 years remaining on its 99-year lease, HAZEL PARK CONDOMINIUM still qualifies for full bank financing and CPF usage.
Best suited for
Who This Actually Suits
The profile fits families with young children, mrt-walkable commuters, sports / active lifestyle and long-term hold (10+ yr) best. Family-suitable layout and OCR (Outside Central Region) location with established school catchments nearby.
For empty nesters / downsizers, it can work — but weigh the trade-offs before committing.
It is a weaker fit for yield-focused investors and light renovation budget — other options likely serve them better. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
HAZEL PARK CONDOMINIUM is a 999 yrs lease commencing from 1882 development in District 23 (OCR), with 696 units, offering a gross yield of 2.1%.
At ~$1,672 psf, it represents a competitive entry point in the OCR segment.
Explore the full HAZEL PARK CONDOMINIUM dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing HAZEL PARK CONDOMINIUM against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Panjang — 4-room average $581,903 (190m away), an upgrader gap of about $1,450,000
- Choa Chu Kang — 4-room average $559,427 (1 km away), an upgrader gap of about $1,500,000
- Bukit Batok — 4-room average $626,224 (1.6 km away), an upgrader gap of about $1,400,000
FAQ
What is the average PSF for HAZEL PARK CONDOMINIUM?
Is HAZEL PARK CONDOMINIUM freehold?
What is the rental yield for HAZEL PARK CONDOMINIUM?
Which MRT is nearest to HAZEL PARK CONDOMINIUM?
Sources & Next Steps
- HAZEL 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: 88 transactions
- Rental data: 388 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jun 2026 · 88 records analysed · Source: URA private-sale caveats