Overview & Key Facts
CHELSEA GROVE is a freehold condominium at MARTABAN ROAD in District 12 (RCR), developed by MYRIAD FORTE CONSTRUCTION PTE LTD, comprising 23 units, completed in 2007.
Location & Connectivity
CHELSEA GROVE is approximately 890m from Novena MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Novena | North-South Line | 890m |
| Toa Payoh | North-South Line | 1.1 km |
| Boon Keng | North-East Line | 1.3 km |
| Farrer Park | North-East Line | 1.3 km |
Schools & Education
23 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 620m |
| Beatty Secondary School | Secondary | 810m |
| School of Science and Technology | Jc | 960m |
| CHIJ Secondary (Toa Payoh) | Secondary | 980m |
| Balestier Hill Primary School | Primary | 1.2 km |
| Farrer Park Primary School | Primary | 1.3 km |
| Bendemeer Primary School | Primary | 1.4 km |
| St. Margaret's Secondary School | Secondary | 1.4 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,379 psf | $1,306,000 |
| 3 BR | 4 | $1,428 psf | $1,385,500 |
| 4 BR | 2 | $1,183 psf | $1,770,000 |
| 5+ BR | 1 | $803 psf | $1,600,000 |
Market Position
CHELSEA GROVE has recorded 9 sales at an average price of $1,477,111.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 3 | $1,313 psf | — |
| 2022 | 2 | $1,307 psf | ↓ 0.5% |
| 2023 | 1 | $1,566 psf | ↑ 19.8% |
| 2024 | 1 | $803 psf | ↓ 48.7% |
| 2025 | 2 | $1,357 psf | ↑ 68.9% |
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From the 2023 high, CHELSEA GROVE prices have given back 13.3% — still 3.3% above the 2021 baseline. The most recent period recovered 68.9%, so the pullback may be finding a floor.
Price Index Check
The ShiokNest Price Index for District 12 reads 136.8 as of May 2026 — down 6.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | $2,730 psf | 741 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | $1,649 psf | 311 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | $1,843 psf | 200 |
| TREVISTA | 99 yrs lease commencing from 2008 | $1,709 psf | 149 |
| VERTICUS | Freehold | $2,126 psf | 130 |
What Could Work Against You
- With just 1 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 23-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units). At ~895m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
empty nesters / downsizers and heavy renovation / value seekers should treat this as a shortlist candidate, not a default choice.
mrt-walkable commuters and resort facilities should probably look elsewhere. MRT proximity is the standout commute feature for daily transit users.
Verdict
CHELSEA GROVE is a freehold development in District 12 (RCR), with 23 units, offering a gross yield of 3.1%.
At ~$1,357 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full CHELSEA GROVE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CHELSEA GROVE against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (320m away), an upgrader gap of about $600,000
- Toa Payoh — 4-room average $929,793 (840m away), an upgrader gap of about $550,000
- Central Area — 4-room average $1,088,814 (1.7 km away), an upgrader gap of about $400,000
FAQ
What is the average PSF for CHELSEA GROVE?
Is CHELSEA GROVE freehold?
What is the rental yield for CHELSEA GROVE?
Which MRT is nearest to CHELSEA GROVE?
Sources & Next Steps
- CHELSEA GROVE Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 12 (Toa Payoh, Serangoon, Balestier) — District 12 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 9 transactions
- Rental data: 38 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Oct 2025 · 9 records analysed · Source: URA private-sale caveats