Chestnut Ville
Located in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang), Chestnut Ville is a 999-year leasehold condominium in the Outside Central Region (OCR). Completed in 1984, the development comprises 41 units, on a lease that commenced in 1882. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
CHESTNUT VILLE is a 999 yrs lease commencing from 1882 condominium at JALAN PAKIS in District 23 (OCR), developed by LUM CHANG DEVELOPMENT PTE LTD, comprising 41 units, completed in 1984.
Location & Connectivity
CHESTNUT VILLE is approximately 570m from Hillview MRT station, with 7 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Hillview | Downtown Line | 570m |
| Cashew | Downtown Line | 630m |
| Pending | Bukit Panjang LRT | 990m |
| Petir | Bukit Panjang LRT | 1.2 km |
| Bukit Panjang | Downtown Line | 1.4 km |
| Bukit Panjang | Bukit Panjang LRT | 1.4 km |
Schools & Education
7 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Pei Hwa Presbyterian Primary School | Primary | 1.2 km |
| Bukit Panjang Government High School | Secondary | 1.5 km |
| Fajar Secondary School | Secondary | 1.6 km |
| Springdale Primary School | Primary | 1.7 km |
| Bukit Panjang Primary School | Primary | 1.7 km |
| Xishan Primary School | Primary | 1.8 km |
| Greenridge Secondary School | Secondary | 2 km |
Market Position
CHESTNUT VILLE has recorded 1 sale at an average price of $2,475,000.
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | $1,390 psf | 572 |
| MIDWOOD | 99 yrs lease commencing from 2018 | $1,737 psf | 546 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | $1,661 psf | 459 |
| THE MYST | 99 yrs lease commencing from 2023 | $2,093 psf | 390 |
What Could Work Against You
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 41 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
- Completed in 1984, the development is over 42 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
The profile fits empty nesters / downsizers, car-owning households, p1 school balloting families and nature / park-fronting best. Editorial fit: 'Landed-to-strata downsizers who won't compromise on floor area'. Manageable scale and accessibility profile work for buyers right-sizing from a larger home.
en-bloc speculators and heavy renovation / value seekers should treat this as a shortlist candidate, not a default choice.
resort facilities should probably look elsewhere. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
Verdict
CHESTNUT VILLE is a 999 yrs lease commencing from 1882 development in District 23 (OCR), with 41 units, offering a gross yield of 2.4%.
Explore the full CHESTNUT VILLE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CHESTNUT VILLE against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Panjang — 4-room average $581,903 (750m away), an upgrader gap of about $1,900,000
- Choa Chu Kang — 4-room average $559,427 (1.8 km away), an upgrader gap of about $1,900,000
- Bukit Batok — 4-room average $626,224 (1.8 km away), an upgrader gap of about $1,850,000
FAQ
What is the average PSF for CHESTNUT VILLE?
Is CHESTNUT VILLE freehold?
What is the rental yield for CHESTNUT VILLE?
Which MRT is nearest to CHESTNUT VILLE?
Sources & Next Steps
- CHESTNUT VILLE Dashboard — Live charts and analytics
- URA — Official transaction data
- District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) — District 23 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 1 transaction
- Rental data: 19 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2022 · 1 record analysed · Source: URA private-sale caveats