Azalea Park Condominium

Flora Road · D17 · Outside central region · Condominium

The median sale at Azalea Park Condominium was $1,459,000 — $1,086 psf — across 52 transactions between Oct 2021 and July 2026. 999-year lease from 1885.

Median price

$1,459,000

52 sales in the window.

Median per sq ft

$1,086 psf

Median unit 1,335 sq ft.

Lease remaining

858 years

999-year lease from 1885

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease

$142

$1,459,000 over 858 years remaining.

Per sq ft per year

$1.27

What a square foot of this development costs for one year of lease.

Lease expires

2884

14 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

2021four sales$893
202210 sales$1039
202315 sales$1054
202410 sales$1099
202510 sales$1153
2026three sales$1131

Show the figures

Year	Median price	Per sq ft	Sales
2021	$1,192,500	$893 psf	4
2022	$1,350,000	$1,039 psf	10
2023	$998,000	$1,054 psf	15
2024	$1,447,500	$1,099 psf	10
2025	$1,662,500	$1,153 psf	10
2026	$1,510,000	$1,131 psf	3

What it rents for

URA’s median of rental contracts lodged at Azalea Park Condominium in 2026Q3, per square foot per month.

Median rent per sq ft

$3.12

A month. Middle half of contracts ran $2.89 to $3.27.

Gross yield

3.45%

A year of median rent against the median sale price.

Median sale per sq ft

$1,086 psf

The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D17

Coastal Cabana · $1,796 psf
Hedges Park Condominium · $1,215 psf
The Jovell · $1,472 psf
Parc Olympia · $1,165 psf
Carissa Park Condominium · $1,159 psf
Kassia · $2,067 psf
The Inflora · $1,272 psf
Palm Isles · $1,181 psf

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.