Overview & Key Facts
CHESTER PARK is a freehold condominium at LORONG SARHAD in District 5 (RCR), developed by CITY DEVELOPMENTS LTD, comprising 22 units, completed in 1991.
Location & Connectivity
CHESTER PARK is approximately 660m from Pasir Panjang MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Pasir Panjang | Circle Line | 660m |
| Haw Par Villa | Circle Line | 700m |
| Kent Ridge | Circle Line | 1.4 km |
Schools & Education
3 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Dulwich College (Singapore) | International | 1.2 km |
| Alexandra Primary School | Primary | 1.8 km |
| Queenstown Primary School | Primary | 1.9 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 2 | $2,138 psf | $3,815,000 |
| 5+ BR | 1 | $1,219 psf | $6,700,000 |
Market Position
CHESTER PARK has recorded 3 sales at an average price of $4,776,667.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2022 | 1 | $1,929 psf | — |
| 2025 | 2 | $1,783 psf | ↓ 7.6% |
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Price Index Check
The ShiokNest Price Index for District 5 reads 136.5 as of June 2026 — down 4.3% 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 |
|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | Freehold | $1,856 psf | 6215 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | $1,868 psf | 1431 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | $1,896 psf | 1426 |
| ELTA | 99 yrs lease commencing from 2024 | $2,558 psf | 412 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | $2,159 psf | 383 |
What Could Work Against You
- Only 1 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 22 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
- Completed in 1991, the development is over 35 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
This is a strong match for car-owning households, tertiary student housing, quiet sanctuary seekers and yield-focused investors. At ~661m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
For foreign / absd-aware buyers, it can work — but weigh the trade-offs before committing.
Verdict
CHESTER PARK is a freehold development in District 5 (RCR), with 22 units, offering a gross yield of 1.5%.
At ~$1,783 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full CHESTER PARK dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CHESTER PARK against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (250m away), an upgrader gap of about $3,900,000
- Bukit Merah — 4-room average $894,787 (1.7 km away), an upgrader gap of about $3,900,000
- Queenstown — 4-room average $1,002,705 (1.8 km away), an upgrader gap of about $3,750,000
FAQ
What is the average PSF for CHESTER PARK?
Is CHESTER PARK freehold?
What is the rental yield for CHESTER PARK?
Which MRT is nearest to CHESTER PARK?
Sources & Next Steps
- CHESTER PARK Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) — District 5 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: 3 transactions
- Rental data: 7 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Oct 2025 · 3 records analysed · Source: URA private-sale caveats