Hazel Park Condominium is a sprawling private condominium located off the South-bound side of Upper Bukit Timah Road, within District 23, together with Hillview, Dairy Farm, Bukit Panjang, Bukit Batok and Choa Chu Kang.
This is a fairly suitable condo for families looking specifically to own a home with an above-average space, fairly affordable, almost freehold and still within walking distance to a MRT station.
Rating of Hazel Park Condo
- Walking distance to MRT
- Large grounds, good for walks
- Quiet living environment
- Some units on a high floor enjoy unobstructed views of Bukit Timah Hill
- Units are spacious
- Only one entry and exit point for 696 units
- Entrance to the condo is via south-bound of Upper Bukit Timah Road only
- The layout of the units causes common bedrooms to suffer from inadequate lighting and non-rectangular space
- Small gym relative to the number of dwelling units
Quick facts about Hazel Park Condo
Tenure: 999 years leasehold from 1882
Developer: Hong Leong Holdings Ltd
Site Area: Estimated 473,734 sq ft
No. of Towers: 3 tower blocks of 19-storeys and 3 low-rise blocks of 5-storeys
No. of Storeys: 5 or 19
No. of Units: 696 units
Carpark Lots: lots + handicap lots
Size (sq ft)
980 – 1,206
1,324 – 1,755
1,518 – 1,948
About Hazel Park Condo
Check out the facilities
Hazel Park has the full suite of condominium facilities – and a few additional facilities not found in your typical condos.
For starters, it has three tennis court, a squash court, a putting green and a half basketball court. Not to mention there are two clubhouses, a salon and a minimart!
The number of pools is also a standout feature. Especially great for those with kids and love to cool off or exercise in the pools. There is, of course, the usual swimming pool that is located between the two clubhouses and blocks 21 and 25. There is also another swimming pool for residents in block 27 and the low rise blocks of 15, 17 and 29.
In addition, there is also the bubble pool, exercise jet pool, a play pool, a wading pool and a reflection pool. Plenty of pools to cool off during those hot days!
What is nearby? Location, location, location
Orchard Road is a mere 16 minutes or 13.2km away via the Pan Island Expressway. While the central business district is just under 20km or approximately 21 minutes via the Ayer Rajah Expressway.
The nearest MRT station is Cashew which is a leisurely 4-minute walk through a park right by the condo’s entrance. Cashew station is part of the Downtown MRT line that will take you through Bukit Timah and on towards Bugis, Suntec and the downtown core.
Near to Beauty World, Orchard Road, Demsey Village, Holland Village, Grandstand, a myriad of shops along Bukit Timah Road and Dunearn Road.
Although Bukit Panjang Primary is physically the closest, it is not really feasible to walk to the school. As the distance is about 1,285 meters or a 15-minute walk. Interestingly, CHIJ Our Lady Queen of Peace is only 1,140 meters or a 14-minute walk away.
Beacon Primary School, Greenridge Primary School, St. Anthony’s Primary School, Teck Whye Primary School, West Spring Primary School and West View Primary School are alternatives that are within a 2km radius.
Other points of note
Wide range of food options
Eateries, coffeeshop along Upper Bukit Timah Road. One seemingly popular zi char, or Chinese eating house is Ga-Hock Seafood. Their salt-baked crab is one of the best I have come across.
Be close to nature
Right at the entrance of Hazel Park is an open space and beside it is Cashew Road Playground. By foot or by cycling, one could easily reach large tracts of nature like Dairy Farm, Bukit Timah, Zhenghua and Chestnut. In fact, the National Parks Board (NParks) have built excellent paths and connection between these nature reserves that you can easily walk from one to the other.
Plenty of recreational options
The British Club, Raffles Town Club, eathing
Finishing and layout
Surrounding deals that are moving the market
Cashew Heights En Bloc Attempt
Updated on 12 October 2021.
A neighbouring condo, Cashew Heights, is attempting to gather an 80 per cent mandate to launch an en bloc or collective sale. The reserved price is understood to be at $1.9 billion!
For context, their previous en bloc attempt was in 2018 and the price then was at $1.88 billion. Keep in mind, 2018 was the last en bloc fever and that culminated in the introduction of the last round of cooling measures in July of 2018.
If the collective sale is successful this time around, the owners will stand to get between $2.8 million to $3.29 million each depending on what unit size their own.
In my opinion, the chances of this exercise succeeding could be moderate. The current average price per square foot of transactions over the last six months is $1,210 psf. At an asking price of $1.9 billion, that would translate to a land rate of $940 psf ppr. This could translate to a future breakeven price of around $1,600 psf, which is a good profit margin for the developer that wins this plot of land.
Given nearby leasehold, new launches are already achieving such a price. However, a hurdle to a successful en bloc would be its size. With a land size in excess of 2 million square feet, and the potential to build over 1000 dwelling units, it is tough to find a developer game enough to take on this huge project.
What do all these mean for Hazel Park? With this announcement, it should give higher confidence to Hazel Park owners that their property should fetch a higher price. At the time of this writing, the 6-month average transacted price in Hazel Park is $1,176 psf. Which I think is undervalued, in light of the information presented above.
Government Land Sales
Updated 22 October 2021.
A new residential site has just been launched for public tender by the Urban Redevelopment Authority today. The site is at Dairy Farm Walk, less than 1.2km away from Hazel Park Condo.
In general, when there is a new launch, or a series of new launches in this case, coming near your condo, you can expect these to create an upward price pressure for the resale market.
This parcel is 15,663 sqm or 168,596 sqft and has a maximum gross floor area of 354,060 sqft. Which will yield approximately 385 dwelling units.
Being a higher plot ratio and also sitting on a higher ground than the three more plots of land to its north. It would seem that unit on the mid to high floor will enjoy an unobstructed view of the Chestnut Avenue Good Class Bungalows (GCB) area.
While those south-facing units would enjoy a soothing greenery view of the Dairy Farm Nature reserve and towards Bukit Timah Hill.
As this plot is under the confirmed list of the GLS programme, this plot will be sold. Given the positive sentiments, the bidding should be a healthy one considering that many developers would be keen to replenish their land banks.
The tender is expected to close on 8 March 2022, watch this space for updates!
About The Author
Farrand Hey writes to share his experience gathered over the last decade of serving homeowners and investors.
He is passionate about helping the younger generation plan for their future and grow their wealth.
His clients and colleagues alike frequently sought him out for his unbiased and honest views.
When he is not busy with work or writing, he loves to cook and watch reruns of Top Gear.
Farrand also makes it a point to stay healthy through exercise as health is wealth. Although he finds it hard to resist the lure of tasty food.
Recently married, he is still basking in marital bliss. That’s a photo of him the day after proposing to his wife.
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