CHESTNUT VILLE
UrbanLens Analysis
CHESTNUT VILLE is a 999-year leasehold compact 45-unit development on JALAN PAKIS in District 23 (OCR). At 6 minutes from Hillview MRT, connectivity is good and supports rental appeal. At $0 PSF it aligns with the D23 median of $1,471 PSF -- fairly priced by the district's own standard.
Limited recent transaction data makes it harder to gauge price momentum -- buyers should rely on comparable sales for price discovery. Against HILLHAVEN at $2,133 PSF (+3.3%), it trades at a 0% discount.
Rental yield data is unavailable. Verify achievable rents against D23 average of 3.37% before modelling returns. LUMINA GRAND at $1,517 PSF (-0.6%) is a relevant comparator in the same corridor.
With only 45 units, resale liquidity is thin -- expect longer marketing periods and wider bid-ask spreads. The 99-year lease means structural value decay; entry pricing must account for this headwind. Within the competitive set, SOL ACRES at $1,467 PSF (+7.7%) provides a reference for local market direction.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| HILLHAVEN | $2,133 | — | +3.3% |
| LUMINA GRAND | $1,517 | — | -0.6% |
| SOL ACRES | $1,467 | — | +7.7% |
| THE MYST | $2,071 | — | -0.4% |
| THE BOTANY AT DAIRY FARM | $2,010 | — | -2.4% |
PSF Trend
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