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Condo prices · D23

Hazel Park Condominium

Hazel Park Terrace · D23 · Outside central region · Condominium

The median sale at Hazel Park Condominium was $2,180,000 — $1,642 psf — across 75 transactions between Nov 2021 and Sept 2026. 999-year lease from 1882.

Median price
$2,180,000
75 sales in the window.
Median per sq ft
$1,642 psf
Median unit 1,335 sq ft.
Lease remaining
855 years
999-year lease from 1882

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
$212
$2,180,000 over 855 years remaining.
Per sq ft per year
$1.91
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

The median moved up 28 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2021six sales$1379
  • 2022seven sales$1491
  • 202315 sales$1631
  • 202415 sales$1641
  • 202522 sales$1643
  • 202610 sales$1759
Show the figures
YearMedian pricePer sq ftSales
2021$1,980,000$1,379 psf6
2022$1,520,000$1,491 psf7
2023$2,168,000$1,631 psf15
2024$2,180,000$1,641 psf15
2025$2,176,500$1,643 psf22
2026$2,349,000$1,759 psf10

What it rents for

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

Median rent per sq ft
$3.17
A month. Middle half of contracts ran $3.00 to $3.39.
Gross yield
2.32%
A year of median rent against the median sale price.
Median sale per sq ft
$1,642 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.