Chestervale Price Trends: What Singapore Property Buyers Need to Know in 2026
Chestervale, located at 33 Bangkit Road in District 23 (Bukit Panjang), has established itself as a significant player in Singapore's executive condominium market. Based on recent transaction data, the development currently trades at an average of S$1,002 to S$1,037 per square foot (psf)[3][4], with recent transactions ranging from S$821 psf to S$1,085 psf[3]. For property buyers and investors evaluating this development, understanding these price trends is essential for making informed decisions in an increasingly competitive market.
This cluster article complements our comprehensive Chestervale Complete Guide, diving deeper into the specific price dynamics, market movements, and investment considerations that define this 99-year leasehold property. At Homejourney, we prioritize transparency and data-driven insights to help you navigate Singapore's property market with confidence.
Current Price Range and Market Positioning
Chestervale's pricing structure reflects its positioning as a mature executive condominium with solid market fundamentals. The development offers units across multiple bedroom configurations, with prices varying significantly based on unit size and floor level.
Current Market Pricing (January 2026):
- 2-bedroom units: Typically range from S$1.1 million to S$1.6 million (approximately S$1,000-1,150 psf)[2][6]
- 3-bedroom units: Generally priced between S$1.52 million to S$1.62 million (averaging S$1,096 psf)[2]
- Larger units: 4+ bedroom configurations available at premium pricing[2]
The variation in psf pricing reflects the typical market behavior where smaller units command premium per-square-foot rates compared to larger units. When evaluating Chestervale, it's crucial to compare properties on a psf basis rather than absolute price alone, as this reveals the true value proposition for different unit types.
Price Trend Analysis: 12-Month Performance
Examining transaction data from the past 12 months provides valuable insights into Chestervale's market momentum. The development has demonstrated relatively stable pricing with modest appreciation in certain segments.
Recent Transaction Highlights:
- March 2025 Peak: A 1,410 sqft unit achieved S$1,085 psf (S$1.53 million), representing one of the highest recent transactions[4]
- Average Range: Most transactions cluster between S$964 psf and S$1,085 psf, indicating a relatively tight pricing band[3]
- Volume Trend: Resale activity remains consistent, with 31 resale transactions recorded in recent tracking periods[1]
This stability suggests Chestervale has found its market equilibrium. Unlike developments experiencing rapid appreciation, Chestervale offers predictable pricing—beneficial for buyers seeking value without speculative risk, but important to understand if capital appreciation is your primary investment goal.
Historical Price Movement and Market Maturity
Chestervale completed in 1999, making it a mature development with over 25 years of market history. This maturity affects how prices behave compared to newer launches.
Transaction data spanning multiple years shows that Chestervale has experienced gradual appreciation from its earlier market prices. Units that transacted at S$849-900 psf in 2022-2023[4] now command S$1,000+ psf, representing approximately 12-15% appreciation over three years. This modest but consistent growth is typical for well-maintained executive condominiums in established neighborhoods.
The development's price trajectory reflects broader market conditions rather than exceptional growth. This is important context: Chestervale is a stable, proven investment rather than a high-growth opportunity. For conservative investors prioritizing steady appreciation and rental income over capital gains, this stability is valuable.
Comparative Market Analysis: District 23 Context
Understanding Chestervale's pricing requires context within District 23's broader market. The district encompasses Bukit Batok and Bukit Panjang, areas characterized by established residential communities, good transport links, and balanced pricing between central and peripheral Singapore.
Chestervale's psf pricing of S$1,002-1,037 positions it competitively within this district. The development benefits from:
- Proximity to Bukit Panjang MRT station, reducing transport premiums that newer central-location developments command
- Established neighborhood with mature amenities, schools, and shopping centers
- Executive condominium status, which typically prices below comparable private condominiums
- Consistent resale market liquidity, indicating strong buyer interest[1]
For buyers comparing Chestervale against newer launches in District 23 or nearby districts, the key trade-off is between Chestervale's proven track record and established community versus newer developments' modern amenities and potential for stronger capital appreciation.
Investment Potential and Rental Yield Considerations
Beyond purchase price, investors must evaluate Chestervale's rental income potential. Executive condominiums in established areas like Bukit Panjang typically attract tenants seeking affordable, well-maintained housing in accessible locations.
At current price levels (S$1.2-1.5 million for 2-3 bedroom units), Chestervale's rental yield depends on achievable monthly rents in the D23 market. While specific rental data varies by unit size and location within the development, the stable pricing and consistent transaction volume suggest healthy rental demand.
To calculate potential rental yields for your specific situation, Homejourney's financing calculator can help you model different scenarios. Understanding your mortgage costs is essential for determining whether rental income will cover your investment expenses.
Key Factors Influencing Chestervale Prices
Several factors drive pricing at Chestervale and should influence your investment decision:
1. Leasehold Tenure and Remaining Lease
As a 99-year leasehold property completed in 1999, Chestervale units now have approximately 73 years of lease remaining. This is an important consideration: as leases decline below 70 years, properties typically experience accelerated price depreciation due to financing and buyer preference concerns. This timeline should factor into your investment horizon.
2. Development Age and Maintenance
At 27 years old, Chestervale's condition and maintenance standards directly impact pricing. Well-maintained developments with active management retain value better. When evaluating units, inspect the common areas, facilities, and building condition carefully.
3. Location and Accessibility
Bangkit Road's proximity to Bukit Panjang MRT station and major expressways (PIE, CTE) supports pricing stability. Future transport improvements in District 23 could support appreciation, while any transport disruptions could pressure prices.
4. Market Supply and Demand
With 396 total units across multiple blocks, Chestervale maintains sufficient liquidity for resale without oversupply concerns. The consistent transaction volume indicates healthy buyer interest.
Practical Guidance for Buyers and Investors
For Owner-Occupiers: Chestervale offers stable, proven housing at reasonable pricing in an established neighborhood. The development's maturity means fewer surprises regarding quality and community character. Focus your evaluation on specific unit location, condition, and whether the layout suits your lifestyle needs.
For Investors: Evaluate Chestervale based on rental yield potential and long-term appreciation expectations rather than speculative gains. The stable pricing and consistent transaction history suggest this is a "steady performer" rather than a high-growth opportunity. Calculate your expected rental income against the purchase price to determine if the investment meets your return requirements.
For First-Time Buyers: Chestervale's executive condominium status and established market make it an accessible entry point into Singapore property ownership. The transparent pricing history means fewer valuation surprises when obtaining financing.
To explore available units and current listings, browse available Chestervale properties on Homejourney. Our platform prioritizes verified listings and transparent information to ensure you can search with confidence.
