CHELSEA GROVE is a freehold development along MARTABAN ROAD in District 12 (Toa Payoh / Balestier), part of the RCR segment of Singapore's private residential market. The project comprises 23 units and is TOP 2007.
This profile draws on 9 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.
At roughly 19 years from TOP, CHELSEA GROVE is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 12 (Toa Payoh / Balestier), the immediate context for CHELSEA GROVE 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 9 sales and 34 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the CHELSEA GROVE dashboard.
- Average sale price: $1,477,111 across 9 transactions
- Estimated gross rental yield: 3.0%
- District 12 PSF ranking: Value tier (top 77%)
- Freehold tenure · RCR · D12 · 23 units
About CHELSEA GROVE
CHELSEA GROVE is a freehold condominium, located at MARTABAN ROAD in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), developed by MYRIAD FORTE CONSTRUCTION PTE LTD, comprising 23 residential units, completed in 2007.
As a freehold property, CHELSEA GROVE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at CHELSEA GROVE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,379 psf | $1,306,000 |
| 3 BR | 4 | $1,428 psf | $1,385,500 |
| 4 BR | 2 | $1,183 psf | $1,770,000 |
| 5+ BR | 1 | $803 psf | $1,600,000 |
Sales Market Overview
CHELSEA GROVE has recorded 9 sale transactions with an average transaction price of $1,477,111, ranging from $1,200,000 to $1,840,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 3 | $1,313 psf | $1,266,667 | — |
| 2022 | 2 | $1,307 psf | $1,550,000 | ↓ 0.5% |
| 2023 | 1 | $1,566 psf | $1,500,000 | ↑ 19.8% |
| 2024 | 1 | $803 psf | $1,600,000 | ↓ 48.7% |
| 2025 | 2 | $1,357 psf | $1,647,000 | ↑ 68.9% |
CHELSEA GROVE ranks in the top 77% of condos in District 12 by average PSF.
Compared to the RCR average of $2,047 psf, CHELSEA GROVE trades 36.8% below the segment benchmark.
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Rental Market Overview
CHELSEA GROVE has recorded 34 rental transactions with monthly rents averaging $3,732/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 34 | $3,732/mo | $2,300/mo | $5,200/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 9 | $2,833/mo |
| 2022 | 4 | $3,725/mo |
| 2023 | 6 | $4,108/mo |
| 2024 | 5 | $4,140/mo |
| 2025 | 9 | $4,115/mo |
| 2026 | 1 | $4,100/mo |
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Investment Analysis
Based on average rents and sale prices, CHELSEA GROVE delivers an estimated gross rental yield of 3.0%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 12
Side-by-side comparison against the most actively traded condos in District 12 (Toa Payoh, Serangoon, Balestier):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | 52 | $2,730 psf | 740 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | 843 | $1,643 psf | 304 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | 578 | $1,838 psf | 196 |
| TREVISTA | 99 yrs lease commencing from 2008 | 590 | $1,702 psf | 147 |
| VERTICUS | Freehold | 162 | $2,122 psf | 128 |
Location Map
Map shows CHELSEA GROVE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- CHELSEA GROVE
- Novena MRT
- Toa Payoh MRT
- Boon Keng MRT
- Farrer Park MRT
- CHIJ Our Lady Queen of Peace
- Beatty Secondary School
- School of Science and Technology
Nearby MRT Stations
CHELSEA GROVE is 890m from Novena MRT (North-South Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Novena | NS20 | North-South Line | 890m |
| Toa Payoh | NS19 | North-South Line | 1.1 km |
| Boon Keng | NE9 | North-East Line | 1.3 km |
| Farrer Park | NE8 | North-East Line | 1.3 km |
Nearby Schools
There are 23 schools within 2 km of CHELSEA GROVE, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 620m |
| Beatty Secondary School | Secondary | 810m |
| School of Science and Technology | Jc | 960m |
| CHIJ Secondary (Toa Payoh) | Secondary | 980m |
| Balestier Hill Primary School | Primary | 1.2 km |
| Farrer Park Primary School | Primary | 1.3 km |
| Bendemeer Primary School | Primary | 1.4 km |
| St. Margaret's Secondary School | Secondary | 1.4 km |
| Bendemeer Secondary School | Secondary | 1.4 km |
| St. Margaret's Primary School | Primary | 1.5 km |
| New Town Primary School | Primary | 1.6 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.
Boutique character. With 23 units, CHELSEA GROVE 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. CHIJ Our Lady Queen of Peace sits about 0.62km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Moderate MRT walk. At 0.89km from the nearest station, the project sits just outside the 800m comfort threshold. Rental tenants notice — yield typically trails truly walkable comparables by 30-50bps in similar segments.
Thin transaction history. With only 9 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.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
[
{
"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": "amber",
"reason": "Bus or own-vehicle commute likely required"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "Verify tenant-pool depth in immediate catchment"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: CHELSEA GROVE sits in an off-MRT-spine pocket where own-vehicle commuting and a narrower tenant pool define the economics. Suits owner-occupiers who prioritise the specific neighbourhood and lifestyle fit over capital-market efficiency. 9 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 7-12 years with realistic vacancy and re-let cost assumptions. 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 GROVE?
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Is CHELSEA GROVE freehold or leasehold?
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What is the tenure of CHELSEA GROVE?
How does CHELSEA GROVE compare to other projects in the district?
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Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 9 transactions analysed
- Rental data: 34 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 GROVE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.