CHELSEA GARDENS is a freehold development along WALSHE ROAD in District 10 (Bukit Timah / Holland), part of the CCR segment of Singapore's private residential market. The project comprises 40 units and is TOP 2000.
This profile draws on 7 recorded transactions from URA REALIS to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 10 (Bukit Timah / Holland), the immediate context for CHELSEA GARDENS is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 7 sales and 45 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the CHELSEA GARDENS dashboard.
- Average sale price: $3,934,714 across 7 transactions
- Estimated gross rental yield: 2.9%
- District 10 PSF ranking: Mid-range (top 70%)
- Freehold tenure · CCR · D10 · 40 units
About CHELSEA GARDENS
CHELSEA GARDENS is a freehold condominium, located at WALSHE ROAD in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) (Core Central Region), developed by CITY DEVELOPMENTS PTE LTD, comprising 40 residential units, completed in 2000.
As a freehold property, CHELSEA GARDENS does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at CHELSEA GARDENS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 1 | $1,889 psf | $3,375,000 |
| 5+ BR | 6 | $1,859 psf | $4,028,000 |
Sales Market Overview
CHELSEA GARDENS has recorded 7 sale transactions with an average transaction price of $3,934,714, ranging from $3,375,000 to $4,700,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 3 | $1,841 psf | $3,926,667 | — |
| 2022 | 2 | $1,889 psf | $3,537,500 | ↑ 2.6% |
| 2024 | 2 | $1,873 psf | $4,344,000 | ↓ 0.9% |
CHELSEA GARDENS ranks in the top 70% of condos in District 10 by average PSF.
Compared to the CCR average of $2,447 psf, CHELSEA GARDENS trades 23.9% below the segment benchmark.
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Rental Market Overview
CHELSEA GARDENS has recorded 45 rental transactions with monthly rents averaging $9,333/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 20 | $10,085/mo | $7,000/mo | $13,500/mo |
| 3 BR | 7 | $7,614/mo | $5,100/mo | $9,600/mo |
| 4 BR | 18 | $9,167/mo | $6,000/mo | $13,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 11 | $7,386/mo |
| 2022 | 7 | $8,800/mo |
| 2023 | 10 | $9,990/mo |
| 2024 | 3 | $12,167/mo |
| 2025 | 12 | $9,788/mo |
| 2026 | 2 | $11,650/mo |
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Investment Analysis
Based on average rents and sale prices, CHELSEA GARDENS delivers an estimated gross rental yield of 2.9%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 10
Side-by-side comparison against the most actively traded condos in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SKYE AT HOLLAND | 99 yrs lease commencing from 2024 | 666 | $2,946 psf | 666 |
| LEEDON GREEN | Freehold | 638 | $2,785 psf | 570 |
| D'LEEDON | 99 yrs lease commencing from 2010 | 1703 | $1,858 psf | 433 |
| HYLL ON HOLLAND | Freehold | 319 | $2,648 psf | 327 |
| FOURTH AVENUE RESIDENCES | 99 yrs lease commencing from 2018 | 476 | $2,465 psf | 296 |
Location Map
Map shows CHELSEA GARDENS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- CHELSEA GARDENS
- Stevens MRT
- Stevens MRT
- Napier MRT
- Orchard MRT
- Orchard MRT
- ISS International School (Preston)
- ISS International School (Paterson)
- Methodist Girls'
Nearby MRT Stations
CHELSEA GARDENS is 760m from Stevens MRT (Downtown Line), with 8 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Stevens | DT10 | Downtown Line | 760m |
| Stevens | TE11 | Thomson-East Coast Line | 760m |
| Napier | TE12 | Thomson-East Coast Line | 850m |
| Orchard | NS22 | North-South Line | 1.1 km |
| Orchard | TE14 | Thomson-East Coast Line | 1.1 km |
| Newton | NS21 | North-South Line | 1.2 km |
| Newton | DT11 | Downtown Line | 1.2 km |
| Orchard Boulevard | TE13 | Thomson-East Coast Line | 1.2 km |
Nearby Schools
There are 16 schools within 2 km of CHELSEA GARDENS, including 9 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| ISS International School (Preston) | International | 340m |
| ISS International School (Paterson) | International | 390m |
| Methodist Girls' School | Secondary | 770m |
| Chatsworth International School (Orchard) | International | 770m |
| Methodist Girls' School (Primary) | Primary | 800m |
| Nanyang Primary School | Primary | 860m |
| St. Anthony's Primary School | Primary | 900m |
| Anglo-Chinese School (Primary) | Primary | 930m |
| Nanyang Girls' High School | Secondary | 990m |
| Singapore Chinese Girls' School (Primary) | Primary | 1.1 km |
| Tanglin Secondary School | Secondary | 1.5 km |
| St. Joseph's Institution | Secondary | 1.6 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Walking-distance MRT. Stevens is about 0.76km — within the conventional 10-minute walk threshold most tenants accept. The project benefits from the public-transport premium without the price compression that <500m flagship stations command.
Boutique character. With 40 units, CHELSEA GARDENS keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. ISS International School (Preston) sits about 0.34km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 7 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
[
{
"persona": "Young couple, first home",
"fit_color": "green",
"reason": "Long balance lease + likely sub-CCR pricing"
},
{
"persona": "Family with school-age kids",
"fit_color": "green",
"reason": "Nearby schools support MOE registration priority"
},
{
"persona": "CBD commuter",
"fit_color": "green",
"reason": "Walking-distance MRT supports daily commute"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "MRT plus mid-size facility suite typically meets expat-tenant criteria"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: CHELSEA GARDENS hits the three structural levers that anchor long-term Singapore residential value: a prime district position, walkable MRT, and a long balance lease. Premium pricing is the trade-off; buyers paying that premium are buying scarcity rather than yield. 7 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 8-15 years to absorb full cycle and capture the prime-district capital-appreciation thesis. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for CHELSEA GARDENS?
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Is CHELSEA GARDENS freehold or leasehold?
How far is the nearest MRT from CHELSEA GARDENS?
What is the tenure of CHELSEA GARDENS?
How does CHELSEA GARDENS compare to other projects in the district?
What stamp duty applies for a foreign buyer of CHELSEA GARDENS?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 7 transactions analysed
- Rental data: 45 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for CHELSEA GARDENS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.