Property
This Old Bukit Panjang EC Once Had More Losing Sellers Than Winners — But Look At It Now
By Stacked Homes  •  May 26, 2026
The 396-unit Chestervalewas 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. The challenge for many buyers today isn't access to information.
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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