HAZEL PARK CONDOMINIUM
UrbanLens Analysis
HAZEL PARK CONDOMINIUM commands $1,643 PSF -- 12% above what District 23 typically fetches ($1,471 PSF). Cashew MRT sits just 329m away (4-min walk), a clear connectivity win. Against HILLHAVEN at $2,133 PSF, the 23% discount is worth examining closely.
Prices have essentially flatlined over two years (+1.9%), suggesting a market in equilibrium. 36 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE MYST has lost 0.4% 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. The 2.2% yield trails the OCR average of 3.4%. At $4,131/month median rent, this is a capital-appreciation bet, not an income play.
At 696 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y 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
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