This Old Bukit Panjang EC Once Had More Losing Sellers Than Winners — But Look At It Now
The 396-unit Chestervale was one of the first executive condominiums (ECs) that Singaporeans encountered, after the hybrid housing scheme was launched in 1995. We’ve shared in previous articles that the first tranche of ECs got off to a relatively rough start.
Those projects hit the market when the Asian Financial Crisis struck in 1997, and Chestervale launched that year. This makes Chestervale an interesting study for our examination of EC projects, especially as a point of comparison against newer EC counterparts.
Chestervale features many of the attributes commonly associated with most older ECs. Its unit mix features larger-sized units, the development was far from existing MRT lines (the Downtown Line was only operational in 2013), and the project had a full suite of facilities.
Despite these attributes, how have selling prices at Chestervale performed to date? Let’s take a look at how this emblematic, early-generation EC has fared over time.
A snapshot of Chestervale as of end-2025
Average transacted prices for Chestervale in 2025
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