CHESTERVALE

BANGKIT ROAD
RESALE CONDODistrict 23
Bukit Panjang MRT · 18 min walk (1480m)OCR99 yrs lease commencing from 1997
Total Units
396
2Y PSF Change
+16.4%
19 txns in 24m
vs District
-32%
D23 median: $1,471
Lease Remaining
70 yrs
99 yrs lease commencing from 1997
Median PSF
1,030
3.4% QoQ
Total Sales
58
since 2021-03
Price Range
$880k$1.9M
all-time
Unit Size
1,414 sqft
Floors 116

UrbanLens Analysis

At $1,000 PSF, CHESTERVALE prices 32% below the District 23 median. Compare that to HILLHAVEN at $2,133 PSF -- a 53% premium that buyers need to justify. The 18-minute walk to Bukit Panjang MRT (1480m) is workable, though not the kind of proximity that commands a premium on its own.

The 16.4% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. With 19 deals in two years, the pricing data has reasonable statistical weight. For context, THE BOTANY AT DAIRY FARM has lost 2.4% over the same period.

Around 70 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.

With 396 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
SOL ACRES$1,467+7.7%
LUMINA GRAND$1,517-0.6%
THE BOTANY AT DAIRY FARM$2,010-2.4%
THE MYST$2,071-0.4%
HILLHAVEN$2,133+3.3%

PSF Trend

Quarterly
1,012
2023-Q4
985
2024-Q2
907
2024-Q3
999
2024-Q4
1,064
2025-Q1
1,004
2025-Q2
1,077
2025-Q3
1,040
2026-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Jan 2026
DatePriceSizePSFFloor
Jan 2026$1,310,0001,259 sqft$1,04006-10
Sep 2025$1,520,0001,399 sqft$1,08606-10
Aug 2025$1,410,0001,410 sqft$1,00006-10
Jul 2025$1,518,8881,410 sqft$1,07711-15
Jun 2025$1,300,0001,259 sqft$1,03211-15
Jun 2025$1,250,0001,259 sqft$99306-10
May 2025$1,380,0001,432 sqft$96401-05
Apr 2025$1,280,0001,259 sqft$1,01611-15
Mar 2025$1,530,0001,410 sqft$1,08506-10
Feb 2025$1,500,0001,432 sqft$1,04806-10
Showing 10 of 58 transactions

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