The Chancery Residence
The Chancery Residence is a 99-year leasehold condominium located in District 11 (Watten Estate, Novena, Thomson), part of the Core Central Region (CCR). The development was completed in 2006 and comprises 34 units, on a lease that commenced in 2004. Sale and rental figures on this page are compiled from URA transaction records.
THE CHANCERY RESIDENCE
Over the 12 months to May 2026, The Chancery Residence recorded 2 resale transactions at a median $1,019 psf (median price $3,697,500), and 5 rental contracts at a median $8,200/mo, a gross rental yield of 2.7%. Source: URA caveat data, as of May 2026.
The Chancery Residence's median of $1,019 psf over the trailing 12 months places its pricing below roughly 96% of District 11 condos; resale liquidity has been limited with 2 caveats lodged; the 2.7% gross rental yield sits below the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| May-26 | $3,520,000 | $1,019 psf | 3,455 sqft | 01 to 05 | 5BR |
| Mar-26 | $3,875,000 | $1,020 psf | 3,800 sqft | 01 to 05 | 5BR |
| Jan-24 | $3,400,000 | $1,060 psf | 3,208 sqft | 01 to 05 | 5BR |
| Apr-23 | $3,500,000 | $1,036 psf | 3,380 sqft | 01 to 05 | 5BR |
| Feb-23 | $3,335,000 | $959 psf | 3,477 sqft | 01 to 05 | 5BR |
| Nov-22 | $3,152,000 | $993 psf | 3,175 sqft | 01 to 05 | 5BR |
| Mar-22 | $3,000,000 | $874 psf | 3,434 sqft | 01 to 05 | 5BR |
| Nov-21 | $2,930,000 | $895 psf | 3,272 sqft | 01 to 05 | 5BR |
Can I afford The Chancery Residence?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $3,697,500.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.