Hedges Park Condominium, located along Flora Drive in District 17, is a 99-year leasehold condominium developed by Tripartite Developers Pte Limited. It comprises 501 residential units housed in 10 blocks. Lush greenery and water courtyards lend a peaceful atmosphere to this urban oasis. Find out what else this hidden gem in the west has to offer.
4 Reasons Why Hedges Park Is an Ideal Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Hedges Park Condominium | 99-year leasehold | 2015 | 1-bedroom 2-bedroom 3-bedroom 4-bedroom |
570 915 1,798 1,539 |
$944 |
Prospective homeowners have their choice of one-, two-, three-, or even four-bedroom units. Facilities at Hedges Park Condominium include a clubhouse (consisting of a gymnasium, two function rooms, barbecue facilities, and steam rooms), reflective pool, meditation pavilion, children’s pool, 50m lap pool, dip pool, spa pavilion, pool with spa seat, marina pool, beach pool, a treasure island with a flying fox, tennis court, basketball half-court, children’s playground, putting green, and more.
2. Accessibility, Amenities, and Recreational Spots
The nearest train station is Upper Changi MRT Station on the Downtown Line (DTL), which is a 12-minute bus ride away. From there, Changi Airport is just two stops away. This condominium is connected by not one but three major expressways (PIE, ECP, TPE), so getting around the island is a breeze. By car, you are minutes away from business and commercial clusters, reputable schools, amenities, and recreation options in the east.
Hedges Park Condominium is surrounded by multiple towns like Changi, Loyang, Simei, and Tampines. This means that you would be a short drive away from a plethora of dining and shopping options.. The wide range of shopping centres and entertainment avenues include Jewel Changi Airport, White Sands, Eastpoint Mall, White Sands, NTUC Downtown East, Century Square, Tampines 1, and Tampines Mall. The most popular recreational spot would be in Pasir Ris, where there is the beach, park, chalets, theme parks, a bowling alley, and a pet-friendly park.
3. Education, Employment, and Healthcare
Hedges Park Condominium is close to several schools and colleges. Within a 2-km radius, you can find White Sands Primary School, Dunman Secondary School, East Spring Secondary School, and Singapore University of Technology and Design. You will also be strategically located close to Changi Business Park (six-minute drive), Tampines Central (nine-minute drive) and Pasir Ris Wafer Fab Park (nine-minute drive) – which is going through an expansion – resulting in more jobs closer to home and an increase in potential tenants.
Need to see a doctor? The nearest hospitals are Changi General Hospital and St. Andrew’s Community Hospital, an 11-minute drive from Flora Drive.
4. Property Price and Future Developments
The price of a two-bedroom apartment (764 sqft) on Hedges Park Condominium’s low-level floor, in the past three years:
- January to December 2017 – up to $740,000
- January to December 2018 – up to $753,500
- January to December 2019 – up to $788,000
Since 2017, property rental prices at Hedges Park Condominium have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like the new Terminal 5, improved connectivity (Cross Island Line and Coastal Park Connector), bigger industrial hubs, more amenities, and recreational facilities.
Is Hedges Park Condominium the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for Hedges Park Condominium
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Hedges Park Condominium
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a two-bedroom unit at Hedges Park Condominium the price is at $788,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $18,240.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $428,000 | 3% | $12,840 |
| BSD Payable | $18,240 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Hedges Park Condominium
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Hedges Park Condominium
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $788,000 |
|---|---|---|
| If Hedges Park Condominium is your second residential property | 12% | $94,560 |
| If Hedges Park Condominium is your third or subsequent residential property | 15% | $118,200 |
ABSD for Singapore Permanent Resident when Buying Hedges Park Condominium
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $788,000 |
|---|---|---|
| If Hedges Park Condominium is your first property | 5% | $39,400 |
| If Hedges Park Condominium is your second or subsequent residential property | 15% | $118,200 |
ABSD for Foreigners when Buying Hedges Park Condominium
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $788,000 |
|---|---|---|
| Foreigners buying any property | 20% | $157,600 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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