CASHEW PARK CONDOMINIUM

CASHEW ROAD
RESALE CONDODistrict 23
Cashew MRT · 5 min walk (434m)OCR999 yrs lease commencing from 1882
Total Units
148
2Y PSF Change
-1.3%
2 txns in 24m
vs District
-11%
D23 median: $1,471
Lease Remaining
855 yrs
999 yrs lease commencing from 1882
Median PSF
1,333
5.6% QoQ
Total Sales
10
since 2021-03
Price Range
$1.2M$2.1M
all-time
Unit Size
1,313 sqft
Floors 16

UrbanLens Analysis

At $1,311 PSF, CASHEW PARK CONDOMINIUM prices 11% below the District 23 median. Compare that to HILLHAVEN at $2,133 PSF -- a 39% premium that buyers need to justify. Being 5 minutes on foot from Cashew MRT (434m) adds genuine convenience and supports the pricing.

The -1.3% two-year price movement is negligible -- neither bullish nor bearish. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, THE BOTANY AT DAIRY FARM has lost 2.4% over the same period.

The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.

At 148 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
HILLHAVEN$2,133+3.3%
LUMINA GRAND$1,517-0.6%
SOL ACRES$1,467+7.7%
THE MYST$2,071-0.4%
THE BOTANY AT DAIRY FARM$2,010-2.4%

PSF Trend

Quarterly
1,165
2021-Q2
1,330
2022-Q3
1,207
2022-Q4
1,327
2023-Q1
1,350
2023-Q4
1,349
2024-Q1
1,275
2024-Q3
1,346
2024-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Nov 2024
DatePriceSizePSFFloor
Nov 2024$1,550,0001,152 sqft$1,34601-05
Aug 2024$1,620,0001,270 sqft$1,27501-05
Feb 2024$1,990,0001,475 sqft$1,34901-05
Nov 2023$1,620,0001,152 sqft$1,40701-05
Oct 2023$1,768,0001,367 sqft$1,29301-05
Feb 2023$1,685,0001,270 sqft$1,32701-05
Nov 2022$1,650,0001,367 sqft$1,20701-05
Sep 2022$1,188,000893 sqft$1,33001-05
Apr 2021$2,120,0001,819 sqft$1,16506-10
Mar 2021$1,455,0001,367 sqft$1,06401-05
Showing 10 of 10 transactions

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