Type

Units

Min Area

Price Range

Other

75 sqft

S$1,100/mo

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$1,100.
Located 3 min (280 m) from DT2 Cashew MRT Station.

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Hazel Park Condo: Modern Urban Living Near Cashew MRT

Hazel Park Condo represents a compelling residential opportunity in one of Singapore's well-connected neighbourhoods. Situated at 15 Hazel Park, this development benefits from its proximity to Cashew MRT Station on the Downtown Line, located merely 280 metres away—a three-minute walk that places residents within easy reach of the broader transport network. This strategic location makes the development particularly attractive to commuters, professionals, and investors seeking convenient access to Singapore's central business districts and wider metropolitan area.

The development caters to a diverse range of buyer profiles, from first-time property purchasers to seasoned investors exploring their next acquisition. Units across the development feature thoughtfully planned layouts that maximise usable space, reflecting contemporary design principles suited to Singapore's compact urban environment. The variety of configurations available ensures that prospective buyers can identify an option that aligns with their specific lifestyle requirements and financial parameters.

Strategic Location and Transport Connectivity

The proximity to Cashew MRT Station provides residents with unparalleled access to Singapore's wider public transport ecosystem. The Downtown Line itself connects seamlessly to other MRT lines, enabling straightforward journeys to Orchard Road, the Marina Bay financial district, and residential zones across the eastern and southern regions. This connectivity has historically supported strong rental demand and capital appreciation in properties near well-serviced MRT stations, particularly in developments where transport convenience is a defining feature.

Beyond the MRT, the neighbourhood itself offers a mature retail and dining landscape. Nearby shopping centres, hawker markets, and local amenities support a self-contained lifestyle for residents. Schools, medical facilities, and recreational spaces are within reasonable proximity, contributing to the area's appeal as a family-friendly destination and reinforcing its investment credentials for property buyers prioritising convenience and accessibility.

Investment Potential and Rental Market Dynamics

For investors considering Hazel Park Condo as part of a diversified property portfolio, the development's proximity to an MRT station and its location within an established residential precinct present meaningful advantages. Properties in well-connected locations typically command stronger rental yields, as tenants—whether international relocations, young professionals, or expatriate families—actively seek residences with direct MRT access. The development's unit configurations and accessible location position it favourably within Singapore's rental market, though actual yield depends on purchase price, unit type, and prevailing market rental rates at the time of acquisition.

Second-property buyers should note that purchasing a residential unit triggers Additional Buyer's Stamp Duty (ABSD) at 20% for Singapore Citizens. This represents a significant acquisition cost that must be factored into investment returns and overall financial planning. For example, a purchase at S$500,000 would incur an ABSD liability of S$100,000, substantially increasing the effective entry price and directly impacting cash-on-cash returns and break-even rental scenarios.

Market Position and Competitive Context

Hazel Park Condo competes within a broader market segment defined by proximity to MRT stations and affordability-focused urban living. While comparable developments exist in neighbouring precincts, the specific combination of location, unit offerings, and pricing creates a distinct market positioning. Property values in the immediate area have historically tracked broader Singapore residential trends, with MRT-proximate properties benefiting from consistent demand and resilient capital appreciation over medium to long-term holding periods.

Prospective buyers evaluating multiple developments should assess comparative price per square foot across recent transactions in the same district, as this metric provides clarity on value positioning and supports informed purchasing decisions. The development's appeal to upgraders—those transitioning from smaller or older units to a contemporary residence—reflects its role within Singapore's dynamic residential ecosystem, where convenience and modern amenities command a premium.

Financing, Affordability, and Buyer Suitability

First-time buyers assessing affordability should engage with financial advisors to understand their Total Debt Service Ratio (TDSR) headroom at typical price points within the development. Banks typically limit TDSR to 60%, meaning prospective mortgagors must ensure their combined loan repayments—including the property loan, car loans, credit cards, and other obligations—do not exceed 60% of gross monthly income. A property purchase at S$500,000 with a 75% loan-to-value mortgage (S$375,000) and a 25-year tenure would generate monthly instalments of approximately S$1,800–S$1,900, depending on prevailing interest rates; buyers must confirm they comfortably service this alongside existing obligations.

High-net-worth individuals and seasoned investors may view Hazel Park Condo differently, potentially as a strategic addition to a portfolio targeting MRT-proximate rental yields or a stepping stone within a sequential property upgrade strategy. First-time buyers, conversely, typically prioritise affordability, accessibility, and growth potential, all of which the development addresses through its positioning and unit mix. Young professionals and early-career individuals represent a natural target demographic, given the convenience of MRT access and alignment with urban lifestyle preferences.

Leasehold Considerations and Long-Term Value

Like most Singapore residential developments, Hazel Park Condo operates on a leasehold tenure structure. Property buyers must understand lease decay dynamics: as the lease term diminishes, property values typically decline, particularly once the lease falls below 30 years remaining. This creates an important planning consideration for long-term owners. While the impact accelerates sharply in the final decades of a lease, purchases at strong prices with longer lease tenors (99 years, or with substantial time remaining on a 99-year lease) typically preserve capital more effectively than purchases of units approaching 70 years remaining or less.

Resale value and refinancing capacity are directly influenced by lease tenure. Banks and prospective buyers apply increasingly conservative valuations and lending criteria to properties with shorter leases, potentially constraining exit options and limiting borrowing capacity for owners seeking to leverage equity in later years. Buyers should factor lease decay into their investment horizon and hold-period expectations, particularly if considering the property as a long-term residential base or legacy asset.

District Supply Pipeline and Future Market Dynamics

The broader Central region and surrounding precincts continue to experience measured residential development, though new supply is increasingly constrained by land availability and planning policies favouring densification in already-developed areas. This macroeconomic context supports sustainable appreciation potential for well-located, established developments. Properties like Hazel Park Condo, which benefit from MRT connectivity and mature neighbourhood infrastructure, typically weather new supply pressures more effectively than developments lacking transport accessibility or positioned in emerging or transitional neighbourhoods.

Prospective buyers should remain aware of any announced public housing projects or large-scale private developments in the broader district, as these can influence medium-term demand and pricing trajectories. However, the relative scarcity of available land in Singapore's urban core and the government's measured approach to residential planning generally support stable long-term value for properties in established, transport-linked precincts like Hazel Park's neighbourhood.

Making Your Decision

Hazel Park Condo represents a pragmatic choice for buyers prioritising convenience, affordability, and connectivity. Whether as a primary residence, an investment asset, or a stepping stone within a property portfolio strategy, the development's location near Cashew MRT Station and its place within a mature residential precinct offer tangible advantages. Prospective purchasers should conduct thorough due diligence, including comparative market analysis, mortgage pre-approval, and consideration of personal financial circumstances and long-term property ownership objectives. With careful planning and informed decision-making, Hazel Park Condo can form a valuable addition to a diversified investment portfolio or serve as an excellent residential base for urban-focused living in Singapore.

Frequently Asked Questions

What is the estimated rental yield for investors purchasing units at Hazel Park Condo?

Rental yield depends on the purchase price and prevailing market rents, which fluctuate with broader supply-demand dynamics. Properties near MRT stations typically achieve solid rental yields of 3–5% gross, though net yields are reduced by property tax, maintenance fees, and management costs. For example, a unit purchased at S$500,000 with monthly rental income of S$2,000 would generate a gross yield of approximately 4.8%; net yield would be lower once expenses are deducted. Prospective investors should survey current rents for comparable units in the neighbourhood to establish realistic expectations and cross-reference these against their target return thresholds. The development's MRT proximity supports consistent tenant demand, which historically translates to shorter vacancy periods and more resilient capital values.

How does Hazel Park Condo's price per square foot compare to recent transactions in the area?

Price per square foot is a critical metric for evaluating whether a property represents fair value relative to comparable transactions. In mature residential precincts with MRT access, prices typically range from S$800–S$1,200 per square foot depending on unit size, condition, and specific location within the development. To establish Hazel Park Condo's positioning, prospective buyers should review URA Realis data and recent property portal listings for similar developments within 500–800 metres of Cashew MRT Station. This comparative analysis reveals whether current asking prices align with neighbourhood benchmarks or command a premium justified by specific amenities, floor level, or unit configuration. Engaging a property agent to provide a detailed market report on recent sold transactions can illuminate fair value and identify negotiation opportunities.

What is the Additional Buyer's Stamp Duty (ABSD) impact for second-property buyers at Hazel Park Condo?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at 20% of the purchase price. For a property transacting at S$500,000, ABSD liability would be S$100,000, significantly increasing the effective acquisition cost. This 20% charge is payable upfront and substantially impacts return on investment, particularly for investors relying on rental yield to service financing costs. Permanent Residents face a 25% ABSD rate, and foreign buyers encounter 20% ABSD plus 5% seller's stamp duty. These duties must be factored into total property acquisition costs, financing requirements, and minimum rental yield thresholds needed to justify the investment. Second-property buyers should engage a conveyancer or tax advisor to model the complete financial impact before committing.

How does lease tenure at Hazel Park Condo affect long-term resale value and financing options?

Hazel Park Condo operates on a leasehold structure, meaning property values are directly influenced by remaining lease duration. Properties with leases below 30 years typically experience accelerated value erosion, as banks reduce loan-to-value ratios and prospective buyers apply significant discounts to reflect decay risk. A unit with 70+ years remaining is financially healthier than one approaching 60 years, as the former attracts wider buyer pools and more favourable lending terms. Once a lease falls below 30 years, resale difficulty intensifies sharply; many buyers avoid such properties entirely given limited refinancing capacity and uncertain future value. Prospective purchasers should verify the exact lease commencement date and remaining tenor before committing, and consider whether their intended holding period aligns safely with lease trajectory. Sellers of units in their final decades face severely constrained buyer pools and diminished negotiating power.

How does proximity to Cashew MRT Station influence demand and capital appreciation at Hazel Park Condo?

MRT proximity is one of the strongest drivers of property demand and capital appreciation in Singapore. Properties within 300–400 metres of an MRT station command sustained interest from owner-occupiers and investors, as transport convenience is a non-negotiable priority for modern urban residents. Cashew MRT Station's location on the Downtown Line provides direct connectivity to the city core, Orchard Road, and Marina Bay, making properties like Hazel Park Condo highly desirable for commuters. Historically, MRT-proximate developments have outperformed more isolated properties during market recoveries and maintained stronger rental demand during downturns. Capital appreciation is typically 2–3% annually over medium-term holding periods in established, well-connected precincts. However, this advantage is reflected in purchase prices, meaning buyers pay a premium for convenience; the development's competitive strength lies in preserving this value rather than dramatically exceeding broader market appreciation rates.

Is Hazel Park Condo suitable for first-time buyers, upgraders, or investors—and why?

Hazel Park Condo appeals to distinct buyer profiles for different reasons. First-time buyers value affordable entry prices, MRT proximity reducing transport costs, and compact units requiring lower absolute purchase outlay compared to larger developments in prime locations. Upgraders—owners transitioning from older housing stock or smaller properties—appreciate modern design, contemporary amenities, and the step-up in lifestyle quality. Investors prioritise MRT accessibility (supporting rental demand), mature neighbourhood infrastructure (reducing vacancy risk), and positioning within an established precinct (supporting stable capital values). High-net-worth individuals may view Hazel Park as a lower-priority acquisition within a broader portfolio, suitable for yield-focused strategies rather than portfolio flagships. The development's flexibility and MRT positioning make it genuinely versatile; the appropriate buyer profile depends on individual financial circumstances, investment objectives, and property usage intentions. A conveyancer or financial advisor can help identify alignment between personal circumstances and the development's characteristics.

What TDSR headroom is available for typical buyers at Hazel Park Condo's current price levels?

Total Debt Service Ratio (TDSR) regulations limit mortgage repayments plus other obligations to 60% of gross monthly income. A property purchase at S$500,000 with a 75% loan-to-value mortgage (S$375,000) financed over 25 years generates monthly instalments of approximately S$1,800–S$1,900 depending on interest rates. A buyer with S$3,500 gross monthly income would need to ensure all debts—car loans, credit card minimums, existing property mortgages, and the new property loan—do not exceed S$2,100 (60% of S$3,500). If existing obligations total S$400, only S$1,700 of TDSR headroom remains for the new property loan, reducing borrowing capacity significantly. Prospective buyers should conduct TDSR calculations with a mortgage broker or bank before making offers, as overextending on property debt limits financial flexibility and creates vulnerability to interest rate rises. Units at lower absolute prices offer better TDSR accessibility for first-time buyers with modest incomes.

How does Hazel Park Condo compare to competing developments in the same district?

The Central region and surrounding precincts host several comparable developments, including larger projects with more extensive amenities and newer properties commanding premium pricing. Hazel Park Condo's competitive advantages include its specific MRT location, affordability positioning relative to nearby premium developments, and established neighbourhood infrastructure. Competing developments may offer larger unit sizes, swimming pools, or other facilities; conversely, they may lack the same transport connectivity or command significantly higher price points. Prospective buyers should assess whether premium pricing at competing developments justifies additional amenities and space, or whether Hazel Park's focus on affordability and convenience better aligns with their priorities. A comparative market analysis identifying the three to five closest comparable properties, their price per square foot, and recent transaction records provides clarity on value positioning. This exercise often reveals whether Hazel Park represents fair value or relative opportunity within the competitive landscape.

Which unit stacks or floor levels at Hazel Park Condo typically offer the best value for money?

Unit value varies significantly by floor level and position within the development. Low-floor units (1–5 storeys) typically command lower prices but may experience increased street noise and reduced privacy; conversely, they appeal to buyers prioritising affordability and mobility accessibility. Mid-floor units (6–15 storeys) balance cost, natural light, views, and noise isolation, often representing optimal value-for-money positioning. High-floor units command premiums for superior views and reduced noise but may appeal less to families with young children and incur higher moving costs. Corner units and units with direct street access or void-facing exposure vary in desirability depending on personal preferences. Units facing quieter streets or internal courtyards often offer superior living quality without the price premium of premium-position units. Prospective buyers should visit multiple floors during property inspections to assess personal preferences for light, noise levels, and view, then cross-reference asking prices across comparable unit types to identify outliers offering superior value. Site inspections at various times—early morning, evening, weekends—reveal true acoustic and lifestyle character.

What is the future supply pipeline in this district, and could it affect Hazel Park Condo's value?

Singapore's Central region and surrounding precincts have limited remaining land available for new residential development, a constraint that historically supports stable capital values for established projects. The government's planning approach favours densification of existing areas rather than sprawling new development, meaning large-scale greenfield projects are unlikely in proximity to Hazel Park Condo. However, smaller infill developments or en bloc redevelopment of older properties could introduce incremental supply over 5–10 years. The broader property market is aware of supply scarcity in mature precincts, which supports sustained appreciation potential for well-positioned developments. Prospective buyers should monitor Ministry of National Development announcements and Urban Redevelopment Authority planning schedules for any en bloc activities or new projects in the immediate vicinity; large-scale nearby developments could theoretically impact property values, though the MRT proximity and established neighbourhood character of Hazel Park provide resilience against supply-driven depreciation. Long-term, constrained supply in Singapore's core residential areas supports the investment case for mature, well-connected developments.

Hazel Park Condo — From S$1,100