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Condo prices · D23

Cashew Park Condominium

Cashew Road · D23 · Outside central region · Condominium

The median sale at Cashew Park Condominium was $1,635,000 — $1,338 psf — across 10 transactions between Sept 2022 and Sept 2026. 999-year lease from 1882.

Figures here are based on 10 sales.

Median price
$1,635,000
10 sales in the window.
Median per sq ft
$1,338 psf
Median unit 1,270 sq ft.
Lease remaining
855 years
999-year lease from 1882

Cashew Park Condominium saw two sales in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

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
$159
$1,635,000 over 855 years remaining.
Per sq ft per year
$1.51
What a square foot of this development costs for one year of lease.
Lease expires
2881
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.

  • 2022two sales$1268
  • 2023three sales$1327
  • 2024three sales$1346
  • 2026two sales$1585
Show the figures
YearMedian pricePer sq ftSales
2022$1,419,000$1,268 psf2
2023$1,685,000$1,327 psf3
2024$1,620,000$1,346 psf3
2026$1,780,000$1,585 psf2

What it rents for

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

Median rent per sq ft
$2.83
A month. Middle half of contracts ran $2.63 to $3.30.
Gross yield
2.54%
A year of median rent against the median sale price.
Median sale per sq ft
$1,338 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 D23

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.