Overview & Key Facts
CHESTNUT RESIDENCES is a 999 yrs lease commencing from 1882 condominium at JALAN EMAS URAI in District 23 (OCR), developed by SUCCESS CENTURY DEVELOPMENT PTE LTD, comprising 10 units, completed in 2009.
Location & Connectivity
CHESTNUT RESIDENCES is approximately 670m from Hillview MRT station, with 7 stations within 1.5 km.
Schools & Education
7 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 1.2 km |
| Bukit Panjang Government High School | Secondary | 1.5 km |
| Fajar Secondary School | Secondary | 1.6 km |
| Springdale Primary School | Primary | 1.7 km |
| Bukit Panjang Primary School | Primary | 1.7 km |
| Xishan Primary School | Primary | 1.7 km |
| Greenridge Secondary School | Secondary | 1.9 km |
Market Position
CHESTNUT RESIDENCES has recorded 2 sales at an average price of $2,755,000.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $755 psf | — |
| 2023 | 1 | $830 psf | ↑ 9.9% |
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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 82 years remaining on its 99-year lease, CHESTNUT RESIDENCES still qualifies for full bank financing and CPF usage.
What Could Work Against You
- With just 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 10-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: multi-generational families, car-owning households, nature / park-fronting and quiet sanctuary seekers. Larger unit configurations or dual-key layouts make this viable for 3-generation households.
It is a weaker fit for yield-focused investors — other options likely serve them better. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
CHESTNUT RESIDENCES is a 999 yrs lease commencing from 1882 development in District 23 (OCR), with 10 units.
Explore the full CHESTNUT RESIDENCES dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CHESTNUT RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Panjang — 4-room average $581,903 (680m away), an upgrader gap of about $2,150,000
- Choa Chu Kang — 4-room average $559,427 (1.9 km away), an upgrader gap of about $2,200,000
- Bukit Batok — 4-room average $626,224 (2 km away), an upgrader gap of about $2,150,000
FAQ
What is the average PSF for CHESTNUT RESIDENCES?
Is CHESTNUT RESIDENCES freehold?
What is the rental yield for CHESTNUT RESIDENCES?
Which MRT is nearest to CHESTNUT RESIDENCES?
Sources & Next Steps
- CHESTNUT RESIDENCES 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: 2 transactions
- Rental data: 0 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2023 · 2 records analysed · Source: URA private-sale caveats