Chiverton
Overview & Key Facts
Chiverton sits on a quiet cul-de-sac off Bukit Timah Road in the heart of Singapore’s most prestigious residential corridor. Completed in 2003 by Strike Development Pte Ltd, this slender 16-storey freehold tower on Ewe Boon Road houses just 15 units — one per floor — giving it an exclusivity that even many Good Class Bungalow neighbours cannot claim. At a time when Singapore’s luxury condo market was dominated by sprawling mega-developments, Chiverton took the opposite approach: a single residential stack, vertical seclusion, and one address that most Singaporeans simply cannot afford.
The unit mix reinforces this vision. Fourteen floors are occupied by identically configured 3-bedroom apartments of 1,292 sqft each, while the top floor is a 2,110 sqft penthouse with a private rooftop Jacuzzi and garden. Floor-to-ceiling windows throughout ensure that every unit captures natural light and — from mid-floors and above — uninterrupted views across the Bukit Timah and Stevens Road tree canopy. The development is technically classified as a condominium but lives more like a luxury apartment building: intimate, quiet, and self-contained.
Transactional data tells a compelling story for buyers watching value. The PSF trajectory from recorded sales has moved from S$1,653 to S$1,997 — a 21% appreciation — while the surrounding new launches currently trade at S$2,648–2,945 psf. For a freehold D10 address a six-minute walk from a dual-line MRT station, that gap represents a meaningful entry discount into one of Singapore’s most durable residential precincts.
Location & Connectivity
Ewe Boon Road is one of those addresses that rewards those who know Singapore well. The road itself is a short residential offshoot from Bukit Timah Road, tucked between Stevens Road and the Chancery Lane junction — a leafy, low-traffic enclave that sees almost no through traffic. The surrounding streetscape is defined by mature rain trees, a handful of boutique condominiums, and Good Class Bungalow plots that insulate the area from the density of Orchard and Novena. It is quiet in the way that only genuinely expensive Singapore addresses are quiet.
The nearest MRT station is Stevens (DT10 / TE11) at just 0.46km — a flat, shaded walk of around six minutes along Stevens Road. Stevens is a dual-line interchange serving both the Downtown Line and the Thomson–East Coast Line, which means Chiverton residents have direct rail access to Marina Bay, Orchard (two stops via TE), Gardens by the Bay, the future Cross Island Line interchange at Bright Hill, and the entire east coast. For a development completed in 2003 — well before either of these lines existed — the retrospective MRT upgrade has been transformative for connectivity and, likely, pricing.
Newton MRT (NS21 / DT11) is 1.07km away, offering the North–South Line as an additional rail option. By car, Orchard Road is reachable in under five minutes, PIE and CTE access points are within a three-minute drive, and the CBD is approximately 15 minutes in off-peak conditions. Cold Storage at Chancery Court and the cluster of food and retail at Stevens Road provide day-to-day conveniences within easy walking distance. The Botanic Gardens UNESCO World Heritage Site is 1.5km away — a practical jogging destination for residents, not merely a marketing bullet point.
Schools & Education
2 primary schools within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Anglo-Chinese School (Primary) | primary | Within 1 km |
| Singapore Chinese Girls' School (Primary) | primary | Within 1 km |
| ISS International School (Preston) | international | Within 1 km |
| ISS International School (Paterson) | international | Within 1 km |
| Nanyang Girls' High School | secondary | ~1.1 km |
| Nanyang Primary School | primary | ~1.1 km |
| St. Joseph's Institution | secondary | ~1.1 km |
| St. Anthony's Primary School | primary | ~1.1 km |
Facilities
Chiverton does not compete with mega-developments on facility count, nor does it need to. With 15 units sharing the amenities, the swimming pool, gym, BBQ pit, and landscaped grounds function as near-private facilities in practice. Booking conflicts are essentially nonexistent. The pool area is peaceful rather than resort-theatrical. This is the boutique condo trade-off: what you give up in square footage of amenity deck, you recover in uncontested, unhurried daily use.
The building’s most distinctive feature is its private lift system. Each residential floor is served by both a common lift and a dedicated “bubble” lift that opens directly into the unit — a specification more commonly associated with ultra-luxury developments at twice the price. The penthouse adds a private rooftop Jacuzzi and garden, while all units benefit from floor-to-ceiling windows, generous ceiling heights, and the kind of hush that comes from having at most one immediate floor neighbour. Security is 24-hour, with a small, easily monitored lobby befitting a building of this scale.
“One unit per floor, private lift directly into the home, and a pool shared with 14 other households — Chiverton delivers boutique hotel privacy that most Singapore condominiums simply cannot replicate at any price point.”
— BuyCondo.sg, development profile
Pricing & Market Position
Based on 2 recorded transactions, sale prices range from $2,135,000 to $2,580,000, averaging $2,357,500.
Rents range from $3,300 to $5,600 per month across 15 rental transactions. Current rental yield sits at approximately 2.1%.
Price Appreciation
From 2021 to 2022, the average PSF has appreciated by 20.8% (from $1,653 to $1,997 psf).
Neighbourhood Comparison
Buyers considering Chiverton will typically be benchmarking against the new launches that have defined D10 pricing in recent years. Leedon Green (freehold, S$2,784 psf), Hyll on Holland (freehold, S$2,648 psf), and Skye at Holland (99-year leasehold, S$2,945 psf) all trade at a meaningful premium to Chiverton’s current S$1,997 psf. The new launches offer modern fittings, larger facility decks, and newer construction — but they also carry leasehold risk in some cases, and in all cases substantially higher entry prices. Fourth Avenue Residences (99-year, S$2,465 psf) illustrates the leasehold premium compression: buyers paying S$2,465 psf for a 99-year lease versus S$1,997 psf for a freehold should be asking hard questions about long-term value preservation.
Within the boutique freehold segment specifically, Chiverton’s price position is its strongest argument. Freehold D10 with Stevens MRT access at under S$2,000 psf is a combination that has become genuinely rare as new-launch pricing has anchored the corridor above S$2,600 psf. Buyers who are not anchored to new-build finishings, and who have a five-to-ten-year horizon, will find Chiverton’s mathematics difficult to dismiss.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| CHIVERTON | Freehold | 2003 | 15 | — |
| SKYE AT HOLLAND | 99 yrs lease commencing from 2024 | 2025 | 666 | $2,946 |
| LEEDON GREEN | Freehold | 2021 | 638 | $2,785 |
| D'LEEDON | 99 yrs lease commencing from 2010 | 2014 | 1,703 | $1,858 |
| HYLL ON HOLLAND | Freehold | 2021 | 319 | $2,648 |
| FOURTH AVENUE RESIDENCES | 99 yrs lease commencing from 2018 | 2021 | 476 | $2,465 |
ShiokNest Scores
Our proprietary scoring system evaluates CHIVERTON across multiple dimensions.
What Residents Say
“I’ve lived here for four years and I’ve never once had to wait for the pool. The private lift means I go from my car straight into my home. For someone who values privacy over amenity count, Chiverton is exactly what it promises to be.”
— Owner-occupier, upper floor 3-bedroom unit
“The location is unbeatable for the school run. ACS Primary is under a kilometre, SCGS is right there, and Stevens MRT gets the older kids to school independently. Ewe Boon Road itself is completely quiet — there’s nothing driving past except residents.”
— Family tenant, mid-floor unit, relocated from expatriate posting
“Stevens MRT makes this place. The Downtown Line and Thomson Line from one station — I can be at Marina Bay in 20 minutes or at Orchard in two stops. For a building completed in 2003, the MRT upgrade has completely changed the value equation here.”
— Professional tenant, D10 long-term resident
Strengths & Weaknesses
- Freehold D10 tenure with 21% documented PSF appreciation ($1,653 → $1,997 psf)
- Stevens MRT (DT10/TE11) at just 0.46km — dual Downtown and Thomson–East Coast Line access
- One unit per floor with private bubble lift into the unit — boutique hotel privacy
- ACS Primary (0.71km) and SCGS (0.80km) in the top school catchment belt
- 1.0x rental ratio — every unit has been rented, confirming strong tenant demand
- 25–33% PSF discount versus comparable new launches (Leedon Green, Hyll on Holland)
- Floor-to-ceiling windows throughout with Bukit Timah canopy views
- Quiet cul-de-sac off Bukit Timah Road — minimal through traffic and street noise
- 15 units sharing facilities = near-private pool and gym with no booking contention
- Generous 1,292 sqft 3-bedrooms — 35–40% larger than typical new-launch equivalent
- Parking is one-per-unit with no visitor allocation — challenging for households with two cars
- Low gross yield at 2.14% — rental income covers holding costs but offers limited cash flow
- Only 2 recorded sales transactions — thin market means price discovery is imprecise
- 2003 build year means bathrooms and kitchen fittings likely require renovation budget
- 15 units means minimal facility variety — no tennis court, function rooms, or multiple pools
- Low transaction volume creates liquidity risk if market conditions soften quickly
- Management fees split among 15 units only — per-unit contribution to maintenance is higher
Verdict
Chiverton is a focused, well-executed boutique freehold that has quietly appreciated while newer, louder launches have absorbed most of the market’s attention. The investment case is straightforward: freehold D10, 0.46km from a dual-line MRT, ACS Primary and SCGS within 0.80km, and PSF that has risen 21% from its last recorded lows while still trading at a 25–33% discount to surrounding new launches. With 15 rentals recorded across 15 units — a 1.0x rental ratio effectively showing that every unit has been tenanted at some point — the development has demonstrated its appeal to the expatriate and professional rental market that defines D10 demand.
The trade-offs are real but narrow. Facilities are proportionate to a boutique development, not a resort. Parking is one-per-unit with no visitor allocation. The development is not new, and buyers will need to factor in a cosmetic renovation budget for bathrooms and fittings unless a prior owner has already upgraded. For owner-occupiers, the private lift, the one-unit-per-floor layout, and the school belt proximity combine into a daily living experience that is difficult to replicate at this price point. For investors, the combination of freehold tenure, appreciating PSF, and a rental market that has consistently absorbed the development’s entire unit pool makes the yield arithmetic — 2.14% gross at current rents and prices — sustainable rather than speculative.
This is not a development for buyers who need a concierge desk, a tennis court, or a second pool. It is for buyers who understand what Ewe Boon Road means in the context of Singapore real estate, and who value permanence, privacy, and proximity to the Stevens corridor over superficial amenity count. At the right price — and current pricing suggests we are not far from that — Chiverton offers the rare combination of a good address, a durable hold, and a genuine discount to the comparable new-build market.