Azalea Park Condominium

Azalea Park Condominium is a leasehold (999 yrs from 1885) condominium completed in 1996. The development occupies a land area of 31,096 sqm and a Gross Floor Area of 43,535 sqm. It consists of 316 units. According to records, buyers of this development are Singaporean 87.8%, PR 7.5%, Foreigner 2.0%, Company 0.2%.

AZALEA PARK CONDOMINIUM is located along Flora Road in Pasir Ris, in District 17. It is accessible through the nearest MRTs including Pasir Ris East CR4 and Tampines East DT33.

Based on transaction data in the last 12 months, sale prices range from S$ 1,001 psf to S$ 1,148 psf at an average of S$ 1,072 psf. Its highest recorded transaction was S$ 1,149 psf in Sep 2022 for a 1,679-sqft unit. Its lowest recorded transaction was S$ 360 psf in Sep 2005 for a 1,335-sqft unit. Its current rental yield is at 3.5%. Other nearby amenities include: 3 Grocerie(s): HAO MART PTE. LTD., COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 1 Shopping Mall: LOYANG POINT.

Buyers and tenants are attracted to District 17, which comprises of Changi and Loyang. These areas constitute industrial parks and a small portion of residential properties. Houses here are popular among those who are working at the nearby airport or industrial estates. Changi is an estate that is located at the easternmost part of Singapore. It is the home to one of the top airports in the world, Singapore Changi Airport. Other landmarks in the area include Changi Village and Changi Prison. Loyang is mainly zoned for industrial use and is sandwiched between Pasir Ris and Changi.

With a land area of 11,000ha, the East Region is the smallest and second most densely populated of the five regions in Singapore. The region is a key aviation hub, housing the Paya Lebar Air Base and Changi Naval Base. Major airlines such as Singapore Airlines, Scoot and Jetstar also has their head offices in the area. Other major economic activity includes manufacturing, with industrial estates in Bedok, Changi, Pasir Ris, Tampines and Paya Lebar. Changi Business Park also hosts a number of MNCs such as Standard Chartered and IBM. Going forward, the government has plans to create more semi-conductor and aviation-related jobs at Tampines North, Pasir Ris and Changi. Aside from the bustling economic activity, residents benefit from a wide variety of green and play spaces in the region. Residents will also enjoy increased connectivity to other parts of Singapore with the upcoming Cross Island Line and Thomson-East Coast Line.