CommercialRESIDENTIAL999-year leaseholdDistrict 23 · Bukit Panjang

Hazel Park Condo

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 2004

Quick Summary

Hazel Park Condo is a commercial building in District 23 · Bukit Panjang, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 2.1. It is 999-year leasehold. 1 transaction is on record since 1995, most recently in Jan 2004. ACRA records 2 live company registrations at this address.

The facts are here — now get the verdict on Hazel Park Condo.

Ask PropKaki

What are the key facts about Hazel Park Condo?

Key takeawayHazel Park Condo is a commercial building in District 23 · Bukit Panjang, zoned RESIDENTIAL, held 999-year leasehold.

Asset class: Commercial
Land-use zone: RESIDENTIAL
Gross plot ratio: 2.1
Tenure: 999-year leasehold
District / Area: District 23 · Bukit Panjang
Address: 23 Hazel Park Terrace
Land area: —
Completed: Not on record
Storeys: 1 (© OpenStreetMap contributors)
Strata lots (whole development, MCST): 698
Managing agent: ABSOLUT PROPERTIES PTE LTD
Strata formed: 2000 (MCST 2497)
Submarket: Suburban
Units with a recorded sale: At least 1
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 2

About Hazel Park Condo

Hazel Park Condo is a mixed-use building in Bukit Panjang (District 23). It is located along Hazel Park Terrace, Singapore 678947.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 2.1.

The site is 999-year leasehold, with about 855 years remaining on the lease.

1 transaction has been recorded here, at a median of S$978 psf. The most recent was in January 2004.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Cashew MRT, 454 m away (about a 7-minute walk). The closest bus stop (Aft Cashew Terr) is 300 m away (about a 5-minute walk).

What is Hazel Park Condo zoned as?

Key takeawayHazel Park Condo sits on land zoned RESIDENTIAL with a gross plot ratio of 2.1.

Land-use zone: RESIDENTIAL
Gross plot ratio: 2.1

Run the full zoning report for this building →

What has Hazel Park Condo sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jan 2004 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jan 2004	Retail	S$200k	205 sqft	$978

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

What does space at Hazel Park Condo rent for?

Key takeawayNo street- or building-level rent is published here. Across District 23 retail, retail space rented at a median of $23.77 psf a month in 2026Q3, with the middle half of leases between $22.95 and $25.51. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 23 retail

Region band · 2026Q3

25th pct

$22.95

$247.02 psm

Median

$23.77

$255.89 psm

75th pct

$25.51

$274.59 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 23 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

Market context around Hazel Park Condo

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Suburban: Rent S$32.95 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Suburban: Rent S$33.36 psf/mth · Vacancy 5.7% (1Q 2026) · Planned / under construction 1.53m sq ft

Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

What's been approved at Hazel Park Condo?

Key takeawayURA has approved 1 change of use at Hazel Park Condo since 2000, most recently in 2000. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

19 Oct 2000ApprovedFloor 1
Change of use: shop → snack bar
Change of use of unit #01-XX from shop to snack bar

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

What do commercial rents run near Hazel Park Condo?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 23 retail

Gross yield (area)

9.6%

8.6% net of property tax

Rent side (median of bands)

$255.89 psm/mo

2026Q3

Price side (strata, 5y)

$2,984 psf

11 sales

An INDICATIVE AREA yield for District 23 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 23 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
B1 & Below · 30 & Below	$301.00	$351.50	$421.39
Level 1 · 30 & Below	$337.00	$386.49	$398.56
Level 4 & Above · >30 - 100	$247.02	$248.59	$265.90
Level 1 · >30 - 100	$146.69	$255.89	$274.59
B1 & Below · >30 - 100	$312.82	$320.00	$323.19
Level 2 & 3 · >30 - 100	$168.47	$207.40	$244.22
Level 1 · >100 - 300	$87.55	$123.10	$164.64

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

What is near Hazel Park Condo?

Key takeawayThe nearest MRT/LRT is Cashew MRT, about 455 m away — and 2 competing retail premisess operate nearby.

Getting around

Cashew MRT455 m · ~7 min

Amenities nearby

Educational Institution · 122 mCashew Rd Interim Pk · 290 mPlace Of Worship · 292 mAft Cashew Terr · 301 mPetir LRT Exit A · 450 mPetir Family Clinic · 467 mBukit Panjang Community Club · 620 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Hillion Mall · 615 mBukit Panjang Hawker Centre & Market · 870 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Hazel Park Condo

Key takeawayThe nearest station is Petir (BP7), 450 m away — a quiet station, with 2,349 taps in and out on an average weekday. 4 public car parks are within 500 m.

Foot traffic: busier than 17% of retail buildings

nearest MRT/LRT Petir (BP7) 450 m, about 2,349 taps a weekday; 4 more stations within 1 km; bus stops within 400 m: 5, about 2,289 taps a weekday; Bukit Panjang: 9,091 resident workers (Census 2020, by workplace); about 55,000 residents within 1 km (June 2026); 3 other malls within 1 km. Ranked against 12,856 retail buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around, and competing malls), not a count of people.

Stations within 1 km

Petir (BP7)450 m · 2,349 weekday taps
Cashew (DT2)454 m · 8,769 weekday taps
Bukit Panjang (BP6 / DT1)552 m · about 85,000 weekday taps
Pending (BP8)675 m · 4,221 weekday taps
Phoenix (BP5)993 m · 4,095 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Hazel Park Condo. Transfers between lines don't tap, so interchanges read low.

Bus

5 bus stops within 400 m, with 2,289 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 152A Gangsa Road (HDB)203 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 389 car lots
Blk 141-151 Gangsa Road/Petir Road (HDB)291 m
no short-term parking · gantry 4.5 m · 475 car lots
Blk 163A Gangsa Road (HDB)391 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 450 car lots
Blk 130-140 Cashew Road (HDB)403 m
no short-term parking · 494 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Service Rd (Choa Chu K Ang Ave 1), 2.3 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. Hazel Park Condo's own car park, if it has one, and its charges are not in the open data.

Who's registered at Hazel Park Condo?

Key takeaway2 live companies (and LLPs and branches; sole proprietors are not counted) list Hazel Park Condo as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
2

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.

Frequently asked questions about Hazel Park Condo

Where is Hazel Park Condo?⌄

Hazel Park Condo is at 23 Hazel Park Terrace, Singapore 678947, in the Bukit Panjang planning area.

What is Hazel Park Condo zoned as?⌄

Hazel Park Condo sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 2.1.

What is the tenure of Hazel Park Condo?⌄

Hazel Park Condo is 999-year leasehold. About 855 years remain on the lease.

What have units at Hazel Park Condo sold for?⌄

Across 1 recorded transaction, the median price is S$978 psf. The latest was in January 2004.

What is the nearest MRT station to Hazel Park Condo?⌄

Cashew MRT is the closest, 454 m away (about a 7-minute walk).

How many businesses are registered at Hazel Park Condo?⌄

2 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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This development is also registered as the residential project Hazel Park Condominium.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, PropKaki's submarket map, URA planning decisions, HDB car park information (data.gov.sg), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.