GREEN HILL ESTATE Review

Condo Review 4 min read Last reviewed
District 23 · 999 yrs lease commencing from 1882
~$1,472Avg PSF (12-month)
Total units
Category Ratings
Walkability
3.7
Investment
5.7
En-Bloc Potential
1.7
ShiokNest Score
3.0

Overview & Key Facts

GREEN HILL ESTATE is a 999 yrs lease commencing from 1882 condominium at CHESTNUT CLOSE in District 23 (OCR), developed by .

Developer
Tenure
999 yrs lease commencing from 1882
Total units
TOP year
District
23 — OCR
Street
CHESTNUT CLOSE

Location & Connectivity

GREEN HILL ESTATE is approximately 730m from Pending MRT station, with 7 stations within 1.5 km.

MRT stations near GREEN HILL ESTATE
StationLineDistance
PendingBukit Panjang LRT730m
CashewDowntown Line900m
HillviewDowntown Line970m
PetirBukit Panjang LRT1.1 km
BangkitBukit Panjang LRT1.2 km
Bukit PanjangDowntown Line1.4 km

Schools & Education

8 schools within 2 km.

Schools near GREEN HILL ESTATE
SchoolTypeDistance
Pei Hwa Presbyterian Primary SchoolPrimary1.2 km
Bukit Panjang Government High SchoolSecondary1.3 km
Fajar Secondary SchoolSecondary1.4 km
Xishan Primary SchoolPrimary1.5 km
Bukit Panjang Primary SchoolPrimary1.5 km
Springdale Primary SchoolPrimary1.5 km
Greenridge Secondary SchoolSecondary1.8 km
Zhenghua Primary SchoolPrimary1.9 km

Market Position

GREEN HILL ESTATE has recorded 14 sales at an average price of $12,786,778.

GREEN HILL ESTATE sits at the 41st percentile of District 23 condo PSF.
$1,472 psf
Avg PSF (12mo)
$12,786,778
Avg Price
0.8%
Gross Yield
14
Total Sales

Price Appreciation

PSF trend for GREEN HILL ESTATE
YearSalesAvg PSFYoY
20212$1,410 psf
20224$1,284 psf↓ 8.9%
20232$1,284 psf↓ 0.0%
20243$1,222 psf↓ 4.8%
20252$1,456 psf↑ 19.1%
20261$1,504 psf↑ 3.3%

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The latest reading marks the highest point in this series — GREEN HILL ESTATE prices have climbed 6.7% since 2021.

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

District 23 competitors
CondoTenureAvg PSFSales
SOL ACRES99 yrs lease commencing from 2014$1,389 psf568
MIDWOOD99 yrs lease commencing from 2018$1,736 psf544
LUMINA GRAND99 yrs lease commencing from 2022$1,515 psf512
DAIRY FARM RESIDENCES99 yrs lease commencing from 2018$1,660 psf458
THE MYST99 yrs lease commencing from 2023$2,093 psf390

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.

Who This Actually Suits

This is a strong match for nature / park-fronting, long-term hold (10+ yr) and freehold / generational hold. Direct or near-direct park/nature frontage adds liveability that's locked in by URA Master Plan zoning.

yield-focused investors, foreign / absd-aware buyers and resort facilities should probably look elsewhere. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.


Verdict

GREEN HILL ESTATE is a 999 yrs lease commencing from 1882 development in District 23 (OCR), offering a gross yield of 0.8%.

At ~$1,472 psf, it represents a competitive entry point in the OCR segment.

Explore the full GREEN HILL ESTATE dashboard for interactive analytics.

HDB Alternatives Nearby

Weighing GREEN HILL ESTATE against staying public? These HDB towns sit within walking or short-drive distance:

  • Bukit Panjang — 4-room average $581,903 (380m away), an upgrader gap of about $12,200,000
  • Choa Chu Kang — 4-room average $559,427 (1.9 km away), an upgrader gap of about $12,250,000

FAQ

What is the average PSF for GREEN HILL ESTATE?
The 12-month average is approximately $1,472 psf.
Is GREEN HILL ESTATE freehold?
GREEN HILL ESTATE has a 999 yrs lease commencing from 1882 tenure.
What is the rental yield for GREEN HILL ESTATE?
The estimated gross yield is 0.8%.
Which MRT is nearest to GREEN HILL ESTATE?
The nearest is Pending MRT at 730m.

Sources & Next Steps

Methodology & Sources

This analysis covers All available years and refreshes as new data becomes available.

Transaction data sourced from URA REALIS.

  • Sales data: 14 transactions
  • Rental data: 56 leases
  • Source: URA REALIS

Median values used to minimise outlier impact. PSF = price per square foot.

Data as of January 2026

Latest recorded data point: Jan 2026 · 14 records analysed · Source: URA private-sale caveats

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