Hazel Park Condominium
Hazel Park Terrace · District 23 · Outside Central Region (OCR) · 999 yrs lease commencing from 1882
Hazel Park Condominium is a condominium development in District 23 (OCR). Based on 79 URA-recorded transactions from 2021–2026, its median price is $2,160,000, with prices moving about 5.2%/yr and a gross rental yield near 2.3%.
The verdict · for an investor
Hazel Park Condominium · Condominium · District 23 · Leasehold
On balance, Hazel Park Condominium points up.
Strong track record, sitting inside Jurong Lake District — the fundamentals buyers pay up for are here.
Why it's pushing up
What matters most for you
- Convenient — MRT about 5 min on foot; 4 supermarkets, 2 food & retail spots nearby.
- Rentable — ~2.3% gross yield; transport and schools nearby keep tenants coming.
And what makes it better
- Every unit type has risen — 3-bed +41.4%, 5-bed +30.9%, 4-bed +29.1% since 2021.
- A Primary-1 priority school within 1km — a real family draw.
What's holding it back
- Its recent +5.2%/yr rode a hot cycle — don't bank on that pace repeating.
- The market's near the top of its cycle — mind your entry price.
- Larger units — entry starts around $1.88M, not an easy first step.
Should I buy?
If you'll hold 5+ years and don't overpay.
Rental yield
gross, on this project
Priced vs nearby
mid-priced for the immediate area.
Independent research, not advice. A fair price still isn’t automatically a good buy — the call is always yours.
Pick your exact unit — then check your price
Your unit’s exact size
Every real size that has sold here (URA caveats). Pick yours — or the closest.
What 1,324 sqft (4-bed) units go for here
The price they’re asking
Type the price they’re quoting — we’ll judge it against what this exact size really sold for. No opinion until you do.
Recent 1,324 sqft sales
What it rents for — and if that works
The rent you’d get
The price to fight for — and the endgame
No agent, no listing, no one paying us — so we’ll say it plainly, whichever side of the table you’re on, for the size you picked.
If you’re buying
≤ $2.35M
Aim at the middle or below. A patient buyer has been getting closer to $2.27M.
If you’re selling
~$2.45M
List at the top of fair; realistic close is $2.35M–$2.38M unless it’s a high floor.
Why no rush either way: Seller’s Stamp Duty means a buyer can’t sell penalty-free for ~4 years — so you’re holding regardless. That’s your leverage to negotiate down now, not overpay.
The reality check — does the gain even make sense?
Our blunt read: ~$1.55M over 10 years at this project’s own pace. It works — but forward from a cycle top, treat it as a maybe, not a promise. This is our own POV, not a forecast — the pace is the project’s own (~5.2%/yr), and past pace never promises the future.
Built from URA transactions for Hazel Park Condominium — an opinion to decide and negotiate with, never a valuation and never financial advice.
If you’re buying — the outlook
Hazel Park Condominium
Outside Central Region (OCR) · District 23 · ~$1,714 psf · 2.3% yield
Prices are near the top of the cycle, and the government is still cooling it — but cheap loans and steady immigration are holding them up. For Hazel Park Condominium, its own prices are still climbing. Over a 4-year hold, expect modest growth — not a big jump.
On balance, the wind is leaning to your favour.
What it means for you: At ~$1,714 psf, Hazel Park Condominium is priced about level with similar new projects nearby — no bargain, but you're not overpaying versus its peers. Its own prices are still climbing (~5.2%/yr over ~5 years). You'd also be buying near the top of the cycle, so entry price matters. So — negotiate, don't overpay, and plan to hold past the 4-year stamp-duty window before selling.
The signals behind it
Dots show how much weight each one carries.
Holds prices back
Prices are near the top — up 33% in 5 years, well above the 4.6%/year long-run pace. Less room left to climb.
Supports prices
Hazel Park Condominium's own prices are still climbing — about +4% in the latest year of sales.
Holds prices back
The suburbs (OCR) grew fastest since 2004 — a lot of that gain is already in, so there's more risk it cools from here.
Holds prices back
The government is still cooling the market — the latest was SSD back to 4 years at 16/12/8/4% (2025). That caps how fast prices can run.
Supports prices
Loan rates are cheap right now (~1.08%) and falling. Easy to carry — which supports prices, but also means more buyers competing with you.
Supports prices
Against salaries, prices aren't expensive by past standards — people can still afford to buy.
Supports prices
Lots of new people keep moving to Singapore (non-residents up ~16% over 5 years) — steady demand for homes and rentals.
About neutral
A moderate amount of new supply is coming to this district (~1,591 units, from 2030).
Supports prices
New launches in this district are selling well — 7 recent ones are around 100% sold, so buyer demand here is healthy right now.
Holds prices back · small effect
The government keeps releasing a lot of new land (~9,200 units this half-year) — more future supply that can weigh on prices years down the road.
About neutral · small effect
Foreign buyers are almost gone since the 60% tax (~1.4% of buyers), but the suburbs never leaned on them — so it barely affects you here.
About neutral
Rents at Hazel Park Condominium have been flat over the last couple of years.
Supports prices · small effect
There's more CPF money sitting ready to put toward a home than a few years back — a small support in the background.
Supports prices · small effect
The economy is growing (5% last year) and jobs are steady (1.9% unemployment) — no alarm bells.
Supports prices · small effect
Building costs are high (up ~39% since 2010) and still creeping up — developers can't build cheap, which puts a floor under new-launch prices.
Built from real public data (URA price index back to 1975, plus rates, immigration, rents, the economy). It prepares you — it never promises a price.
How far could it go — and when?
Is the price high? ~$1,714 psf is ~1% below similar nearby projects (~$1,731). about right
(The whole suburbs average is ~$1,534 psf — but that lumps in older stock, so we compare like with like, not against that.)
What’s realistic here? Its own record and its real neighbours — not the market.
Hazel Park Condominium has grown ~5.2%/yr over ~5 years. Similar nearby: Sol Acres 7.8%, Lumina Grand 5.7%, Dairy Farm Residences 0.2%, The Myst 3.8%, The Botany At Dairy Farm 3.3% — a 0.2–7.8%/yr spread (most around 3.8%).
You can’t sell for ~4 years without a penalty. Seller’s Stamp Duty is 16/12/8/4% in years 1–4, then 0% — so the honest question is what happens from year 4 on.
What price per sqft are you hoping to sell at one day?
Our own read, not financial advice. We don’t predict a price — we show what your target would need, and when, against what this project and its real neighbours have actually done.
Median price
$2,160,000
2021–2026 (URA)
Appreciation
5.2%/yr
median trend
Gross yield
2.3%
~$3.23/psf rent
Lease
~855 yrs left
leasehold
Hazel Park Condominium median price per sqft, by year
Median PSF of actual URA transactions each year, with year-on-year change.
Does Hazel Park Condominium fit your budget?
GrowKaki models the real take-home — net of stamp duty, agent fee, mortgage interest and CPF — for the exact unit your budget reaches, then hands you to an agent when you’re ready.
Plan your purchase →Units for sale at Hazel Park Condominium
Questions people ask about Hazel Park Condominium
Is Hazel Park Condominium freehold or leasehold?
Hazel Park Condominium is on a 99-year lease that began in 1882, so about 855 years remain. It sits in District 23 (Outside Central Region (OCR)).
How much does Hazel Park Condominium cost per square foot?
Recent transactions at Hazel Park Condominium are around $1,714 psf. Across its record, transacted prices range from $1,300,000 to $3,590,000.
Which primary schools are near Hazel Park Condominium?
Within 1 km (top Primary 1 priority): Bukit Panjang Primary School (0.54 km), Chij Our Lady Queen Of Peace (0.71 km), Zhenghua Primary School (0.96 km). Within 1–2 km: West View Primary School, Greenridge Primary School, Beacon Primary School. Distances are straight-line — the basis MOE uses for P1 priority.
Which MRT station is nearest Hazel Park Condominium?
The nearest MRT is Cashew MRT, about 290 m away (straight-line).
Has Hazel Park Condominium gone up in value?
Across 79 URA-recorded transactions (2021–2026), prices at Hazel Park Condominium have moved about 5.2% a year on average, with a gross rental yield near 2.3%. That is a past record, not a forecast.
What condos are comparable to Hazel Park Condominium?
Within a short walk: The Myst, Cashew Heights Condominium, Maysprings, Hillion Residences, Kingsford . Hillview Peak. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.
Is Hazel Park Condominium a good buy?
Hazel Park Condominium sits in Outside Central Region (OCR). Whether it is right for you depends on your budget, purpose and holding period — GrowKaki models the net take-home after stamp duty, agent fee and CPF. This is independent research, not advice, and a fair price is not automatically a good buy.