Cashew Estate Price Trends and Market Analysis
Cashew Estate on Cashew Terrace in District 23 offers strong Cashew Estate price trends with recent terrace sales at S$1,830–S$1,911 psf in 2024, signaling robust demand for these 999-year leasehold homes.[4][2]
Homejourney verifies all listings to ensure transparency and user safety, helping buyers confidently explore Cashew Estate for sale. This cluster dives into current market data, connecting to our pillar on D23 properties for comprehensive insights.
Property Overview: Why Cashew Estate Stands Out
Cashew Estate features premium terrace houses in Bukit Panjang, built on a 999-year lease from 1882 with over 856 years remaining – practically freehold.[4]
Buyers love the spacious layouts from 2,000–4,800 sqft, private gardens, and family-friendly vibe. As a mature estate, it holds developer reputation for quality non-landed housing in D23, near Bukit Batok amenities.
Current market position shows steady appreciation, with average sales around S$4.55M in recent months.[8] For full details, see our project analysis.
Available Units for Sale at Cashew Estate
Cashew Estate for sale typically lists 3–5 bedroom terrace units, with sizes from 2,030 sqft (S$3.88M at S$1,911 psf) to 4,816 sqft (S$5.85M at S$1,215 psf).[2][4]
Most popular are mid-sized terraces around 2,000–2,500 sqft at S$3.8M–S$3.9M, ideal for families or investors. Expect 36+ units in the area, though availability fluctuates.[5]
Action step: View all units for sale at Cashew Estate on Homejourney, where we prioritize verified listings for your safety.
Cashew Estate Price Trends and Market Analysis
In 2024, prices trended upward: Jul S$3.9M (S$1,830 psf, 2,131 sqft), Mar S$3.88M (S$1,911 psf, 2,030 sqft).[4][2] Historical highs hit S$5.15M in 2011 for larger units.[1]
PSF averages S$1,113–S$1,911 over 2022–2024, outperforming nearby Hazel Park (S$1,396 psf) and Espa condos (S$1,689 psf).[2] 2026 outlook remains positive with D23 demand.
Compared to Bukit Panjang condos, Cashew Terrace offers better value per sqft for landed living. Data from URA transactions confirms stability.[4]
Historical Appreciation Data
- 2022: S$4M (3,593 sqft, S$1,113 psf)
- 2023: S$5.85M (4,816 sqft, S$1,215 psf)
- 2024: S$3.9M avg for smaller units
Appreciation ~10–15% over 3 years for select units. Disclaimer: Prices vary; consult Homejourney for latest verified data.
Why Buy at Cashew Estate: Key Selling Points
Spacious terraces with private pools in some units, low density, and strong community feel. Lifestyle perks include quiet streets yet proximity to urban hubs.
Investment shines with rental yields: Recent leases S$5,000–S$6,200/month for 2,000–2,500 sqft (S$2.22–S$2.75 psf).[2] Beats nearby condos like Cashew Park (S$4 psf rental).[2]
Unique: 999-year tenure ensures long-term value. Insider tip: Units on Cashew Terrace corners offer extra land for extensions – popular with upgraders.
Location Advantages in District 23
5-min walk to Cashew MRT (Downtown Line), 10-min drive to Bukit Batok MRT. Schools: Zhenghua Primary (800m), Bukit Panjang Primary (1.2km), Assumption English (1.5km).
Amenities: Hillion Mall (1km), Bukit Batok Nature Park for recreation. D23 growth via Tengah New Town boosts connectivity.
Perfect for expats: LTA bus stops nearby, easy access to Jurong Lake District offices.
Financing Guide for Cashew Estate Buyers
For a S$3.9M terrace: 25% downpayment S$975K (SC/PR first-time), monthly ~S$12K–S$15K at 3–4% rates (25-yr loan). ABSD: 0% Singaporean first home, 5% PR, 60% foreigner.
Max CPF usage for OCR properties. Action: Check your buying power with our mortgage calculator.
Link to Bank Rates for latest rates. Post-purchase, explore Aircon Services for maintenance.
Buying Process: Step-by-Step
- Search verified units on Homejourney property search.
- Schedule viewing: Contact an agent.
- Exercise Option to Purchase (OTP), pay 1–5% option fee.
- Arrange financing, HDB/URA approval if needed (5–8 weeks).
- Legal completion: Submit docs like NRIC, income proof (8–12 weeks total).
Homejourney guides you safely every step, prioritizing trust.
Investment Potential in Cashew Terrace
Rental demand high from professionals near Tengah; yields 2.5–3% (S$6K rent on S$3.9M buy).[2] Capital growth: 5–7% annual projected with D23 uplift.
Tenant pool: Expats, young families. Future: Nearby Projects Directory developments enhance value. Read our Cashew-area rental analysis.
FAQ: Cashew Estate Price Trends and Buying
What are current Cashew Estate prices?
S$3.8M–S$5.85M for terraces (S$1,200–S$1,900 psf), based on 2024 URA data.[4]
Is Cashew Estate a good investment?
Yes, with 999-year lease, strong rentals (S$5K+), and D23 growth.[2]
How walkable is Cashew Terrace to MRT?
5–10 mins to Cashew MRT; Hillion Mall 15-min walk.
What ABSD applies to Cashew Estate?
0–60% based on profile; use Homejourney calculator for yours.
Are there condos nearby?
Yes, like Hazel Park, but Cashew offers landed value. Explore Cashew Estate For Sale: D23 Properties & Units on Homejourney .
Ready to buy? Browse Cashew Estate for sale on Homejourney – your safe, trusted partner for D23 properties, Bukit Batok, and Bukit Panjang homes. Link back to our D23 pillar for more.