District 23 · Bukit Timah · OCR
Tree House
Chestnut Avenue · Condominium · 99 yrs lease commencing from 2009
Current PSF
$1,534
+1.5% vs district median
Gross yield
3.3%
median rent $4,800/mo
3-year gain
10.2%
Transactions · 5y
92
14 in last 12 months
Nearest MRT
Beauty World Mrt Station · 492.182m
DTL
Future MRT
Turf City Mrt Station
CRL · 2032
Vs local HDB
+86% premium
HDB median $826 psf
Area income
$22,500/mo median
commercial zone
En-bloc potential27 / 100
17 years old · composite of plot use, age, tenure, value gap & size
Lease decay82 years left
worth 91.8%of freehold today (Bala’s Table) · loses ~4.8pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
+2.8%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
6%
PSF dispersion within project
The neighbourhood
P1 ring
Pei Hwa Presbyterian Primary School 801m · Phase 2C 2.0× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Food
Bukit Timah Interim Hawker Centre And Market · 479m - 2 hawker centres within 1km
Green
Hoover Park (Lor Pisang Hijau Playground) · 154m - 6 parks within 1km
Mall
Bukit Timah Shopping Centre · 309m
Who lives in Bukit Timah
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
77,860
Median age
43 yrs
46% under 40 · getting older
Children 0–9
8,030
▲ 3% since 2015 · future P1 demand
Household size
3.9 avg
Homes
9% HDB
48% condo · 42% landed
Degree holders
66%
residents 15+
Commute
36% transit
49% drive
45 min+ to work
13%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
What the record shows
The floor premium
Over the last 3 years, units on the 10th floor and above transacted at a median $1,532 psf - 2% above units on floors 1–5 ($1,502 psf).
Price trend average PSF by year
2021
$1,172
2022
$1,254
+7%
2023
$1,458
+16.3%
2024
$1,509
+3.5%
2025
$1,536
+1.8%
2026
$1,607
+4.6%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 2BR | $3,400/mo | $4.00 | 3.1% | 99 |
| 3BR | $4,800/mo | $3.84 | 3.0% | 98 |
| 4BR | $5,450/mo | $3.76 | 2.9% | 29 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| May 2026 | $1,850,000 | 1,152 | $1,606 | 11-15 |
| May 2026 | $1,800,000 | 1,152 | $1,563 | 11-15 |
| Apr 2026 | $2,028,000 | 1,227 | $1,653 | 06-10 |
| Nov 2025 | $1,755,000 | 1,152 | $1,524 | 06-10 |
| Nov 2025 | $1,730,000 | 1,152 | $1,502 | 01-05 |
| Oct 2025 | $2,200,000 | 1,410 | $1,560 | 06-10 |
| Oct 2025 | $1,730,000 | 1,152 | $1,502 | 11-15 |
| Sept 2025 | $2,000,000 | 1,292 | $1,548 | 16-20 |
| Sept 2025 | $1,180,000 | 797 | $1,481 | 16-20 |
| Sept 2025 | $1,000,000 | 743 | $1,346 | 01-05 |
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More in District 23
The HDB blocks next door
The entry point, measured: what the resale flats around Tree House actually sell for - this project trades at 1.7× the nearest block’s PSF.