Overview & Key Facts
CHELSEA LODGE is a freehold condominium at TANJONG KATONG ROAD in District 15 (RCR), developed by HO BEE DEVELOPMENTS PTE LTD, comprising 78 units, completed in 2000.
Location & Connectivity
CHELSEA LODGE is approximately 250m from Tanjong Katong MRT station, with 7 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Tanjong Katong | Thomson-East Coast Line | 250m |
| Dakota | Circle Line | 880m |
| Marine Parade | Thomson-East Coast Line | 1.1 km |
| Paya Lebar | East-West Line | 1.4 km |
| Paya Lebar | Circle Line | 1.4 km |
| Mountbatten | Circle Line | 1.5 km |
Schools & Education
13 schools within 2 km (8 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Tanjong Katong Primary School | Primary | 200m |
| Tao Nan School | Primary | 350m |
| Haig Girls' School | Primary | 560m |
| CHIJ (Katong) Primary | Primary | 570m |
| Broadrick Secondary School | Secondary | 570m |
| EtonHouse International School (Broadrick) | International | 570m |
| Canadian International School (Tanjong Katong) | International | 640m |
| Tanjong Katong Girls' School | Secondary | 670m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 1 | $1,589 psf | $855,000 |
| 2 BR | 1 | $1,600 psf | $1,240,000 |
| 3 BR | 17 | $1,414 psf | $1,613,353 |
Market Position
CHELSEA LODGE has recorded 19 sales at an average price of $1,553,789.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at CHELSEA LODGE typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 2 BR | $2,914/mo | $1,240,000 | 2.82% |
| 3 BR | $3,572/mo | $1,613,353 | 2.66% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 4 | $1,249 psf | — |
| 2022 | 5 | $1,346 psf | ↑ 7.7% |
| 2023 | 2 | $1,590 psf | ↑ 18.2% |
| 2024 | 4 | $1,500 psf | ↓ 5.7% |
| 2025 | 3 | $1,565 psf | ↑ 4.4% |
| 2026 | 1 | $1,628 psf | ↑ 4.0% |
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The latest reading marks the highest point in this series — CHELSEA LODGE prices have climbed 30.3% since 2021.
Price Index Check
The ShiokNest Price Index for District 15 reads 117.7 as of June 2026 — down 9.0% 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 |
|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | $2,536 psf | 912 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | $2,790 psf | 781 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | $2,467 psf | 644 |
| AMBER PARK | Freehold | $2,548 psf | 396 |
What Could Work Against You
- With just 2 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 78-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: families with young children, mrt-walkable commuters, yield-focused investors and long-term hold (10+ yr). Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
Verdict
CHELSEA LODGE is a freehold development in District 15 (RCR), with 78 units, offering a gross yield of 2.7%.
At ~$1,581 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full CHELSEA LODGE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CHELSEA LODGE against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (700m away), an upgrader gap of about $800,000
- Marine Parade — 4-room average $648,065 (1.1 km away), an upgrader gap of about $900,000
- Kallang/whampoa — 4-room average $882,887 (1.4 km away), an upgrader gap of about $650,000
FAQ
What is the average PSF for CHELSEA LODGE?
Is CHELSEA LODGE freehold?
What is the rental yield for CHELSEA LODGE?
Which MRT is nearest to CHELSEA LODGE?
Sources & Next Steps
- CHELSEA LODGE Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 15 (Joo Chiat, Amber Road, Katong) — District 15 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: 19 transactions
- Rental data: 59 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 19 records analysed · Source: URA private-sale caveats