Chestervale

Chestervale is a leasehold (99 yrs from 1997) executive condominium completed in 1999. The development occupies a land area of 21,893 sqm and a Gross Floor Area of 61,342 sqm. It consists of 396 units. According to records, buyers of this development are Singaporean 87.4%, PR 9.8%, Foreigner 2.1%, Company 0.0%.

CHESTERVALE is located along Bangkit Road in Bukit Panjang, in District 23. It is accessible through the nearest MRTs including Bukit Panjang DT1 and Cashew DT2.

Based on transaction data in the last 12 months, sale prices range from S$ 851 psf to S$ 1,012 psf at an average of S$ 913 psf. Its highest recorded transaction was S$ 1,032 psf in Dec 2022 for a 1,259-sqft unit. Its lowest recorded transaction was S$ 234 psf in Jul 2005 for a 1,432-sqft unit. Its current rental yield is at 3.7%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, HAO MART PTE. LTD., COLD STORAGE SINGAPORE (1983) PTE LTD, and 1 Shopping Mall: FAJAR SHOPPING CENTRE.

Buyers and tenants are attracted to District 23, which covers Choa Chu Kang, Bukit Batok, Hillview and Bukit Panjang. Choa Chu Kang's name was derived from "kangchu", which refers to plantation owners in Teochew. Originally a kampung, the town has evolved into a modern neighbourhood with strong public transport links and two shopping malls. One of which is Lot One Shoppers’ Mall, a mall located next to the Choa Chu Kang MRT station offering various retail and dining options. Walking along Choa Chu Kang Park, visitors can also still see old fruit tree plantations. Bukit Batok is home to many natural landmarks, such as Bukit Batok Town Park, Bukit Batok Nature Park, Bukit Batok Hill and Little Guilin, which bears a resemblance of Guilin in China, offering a view of towering granite rock sitting within a lake. The main shopping mall is West Mall, which has a public library, post office and cinema within its compounds.

With a land area of 25,500ha, the West Region is the largest of the five regions in Singapore. Jurong East is the regional centre of the region, while Jurong West is the most populous town in the region. A large number of Singapore's heavy industry companies are concentrated in the West Region. These are mainly petrochemical companies, comprising of international players such as BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell. The West Region is also at the forefront of the government's industrial development efforts. The government plans to develop the Jurong Lake District and Jurong Innovation District into the second Central Business District (CBD) area in Singapore. Additionally, the Tuas Mega Port, upon completion in the 2040s, is anticipated to be the world's single largest container port with an annual capacity of 65 million TEUs.