Overview & Key Facts
CHESTERVALE is a 99 yrs lease commencing from 1997 condominium at BANGKIT ROAD in District 23 (OCR), developed by ST CHESTERVALE PTE LTD, comprising 396 units, completed in 1997.
Location & Connectivity
CHESTERVALE is approximately 290m from Bangkit MRT station, with 10 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Bangkit | Bukit Panjang LRT | 290m |
| Pending | Bukit Panjang LRT | 450m |
| Fajar | Bukit Panjang LRT | 800m |
| Petir | Bukit Panjang LRT | 820m |
| Segar | Bukit Panjang LRT | 1.2 km |
| Bukit Panjang | Downtown Line | 1.3 km |
Schools & Education
10 schools within 2 km (5 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Bukit Panjang Government High School | Secondary | 430m |
| Xishan Primary School | Primary | 700m |
| Fajar Secondary School | Secondary | 750m |
| Bukit Panjang Primary School | Primary | 830m |
| Zhenghua Primary School | Primary | 990m |
| Springdale Primary School | Primary | 1.1 km |
| Greenridge Secondary School | Secondary | 1.1 km |
| Pei Hwa Presbyterian Primary School | Primary | 1.2 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 14 | $945 psf | $1,193,071 |
| 4 BR | 43 | $865 psf | $1,234,832 |
| 5+ BR | 1 | $751 psf | $1,940,000 |
Market Position
CHESTERVALE has recorded 58 sales at an average price of $1,236,910.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 11 | $715 psf | — |
| 2022 | 19 | $840 psf | ↑ 17.6% |
| 2023 | 8 | $901 psf | ↑ 7.2% |
| 2024 | 8 | $967 psf | ↑ 7.3% |
| 2025 | 10 | $1,037 psf | ↑ 7.2% |
| 2026 | 2 | $1,012 psf | ↓ 2.3% |
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From the 2025 high, CHESTERVALE prices have given back 2.3% — still 41.7% above the 2021 baseline.
Price Index Check
The ShiokNest Price Index for District 23 reads 128.2 as of June 2026 — up 3.6% 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 |
|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | $1,389 psf | 568 |
| MIDWOOD | 99 yrs lease commencing from 2018 | $1,736 psf | 544 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | $1,660 psf | 458 |
| THE MYST | 99 yrs lease commencing from 2023 | $2,093 psf | 390 |
Lease Analysis
With 70 years remaining on its 99-year lease, CHESTERVALE still qualifies for full bank financing and CPF usage.
What Could Work Against You
- The remaining lease of roughly 70 years is comfortable today, though long-horizon owners will sell into a progressively lease-sensitive market.
- With just 5 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
Best suited for
Who This Actually Suits
This is a strong match for car-owning households, quiet sanctuary seekers and first-time hdb upgraders. Parking and arterial road access matter more here than walking-distance MRT.
international school families, sports / active lifestyle and yield-focused investors should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for long-term hold (10+ yr) — other options likely serve them better. Tenure and location resilience suit long-horizon ownership.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
CHESTERVALE is a 99 yrs lease commencing from 1997 development in District 23 (OCR), with 396 units, offering a gross yield of 3.5%.
At ~$1,032 psf, it represents a competitive entry point in the OCR segment.
Explore the full CHESTERVALE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CHESTERVALE against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Panjang — 4-room average $581,903 (70m away), an upgrader gap of about $650,000
- Choa Chu Kang — 4-room average $559,427 (1.7 km away), an upgrader gap of about $700,000
FAQ
What is the average PSF for CHESTERVALE?
Is CHESTERVALE freehold?
What is the rental yield for CHESTERVALE?
Which MRT is nearest to CHESTERVALE?
Sources & Next Steps
- CHESTERVALE Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) — District 23 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: 58 transactions
- Rental data: 71 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Mar 2026 · 58 records analysed · Source: URA private-sale caveats