D23 Bukit Panjang

TREE HOUSE

CHESTNUT AVENUE · District 23 · 99 yrs lease commencing from 2009

Median Price

S$1.5M

97 transactions

Price Range

S$790K - S$2.3M

Tenure

Leasehold

99 yrs lease commencing from 2009

Avg Rent

S$4.10 psf

per month

What is the price of TREE HOUSE?

The median transaction price at TREE HOUSE is S$1,508,000, based on 97 URA-recorded transactions. Prices range from S$790K to S$2.3M. TREE HOUSE is a leasehold development on CHESTNUT AVENUE in District 23 (Bukit Panjang). High-floor units cost 30% more than low-floor units. Average rent is S$4.10 per square foot per month.

TREE HOUSE Price Analysis

TREE HOUSE is a leasehold development on CHESTNUT AVENUE in District 23 (Bukit Panjang). According to URA transaction records, 97 private residential transactions have been recorded at this development, with a median price of S$1,508,000. Prices range from S$790K for the smallest units to S$2.3M for premium configurations.

The development offers units across 5 size categories. The most traded segment is 1-bed (50-70 sqm) at a median of S$877,888. Larger units (5+ bed (170+ sqm)) trade at S$2,111,944, reflecting the premium for additional space.

Floor level significantly impacts pricing at TREE HOUSE. High-floor units (21-25) command a median of S$1,850,000, while low-floor units (06-10) sell for S$1,428,000. That is a 30% premium for higher floors, worth S$422K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.

On the rental side, TREE HOUSE commands an average of S$4.10 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 2.8%.

Price Trend

Median transaction price by contract month.

Source: URA Private Residential Property Transactions

Price by Floor Level

21-25

S$1.9M

11 txns

01-05

S$1.8M

28 txns

16-20

S$1.5M

13 txns

11-15

S$1.5M

22 txns

06-10

S$1.4M

23 txns

Price by Unit Size

Size Band	Median Price	Avg Size	Transactions
1-Bed (50-70 sqm)	S$878K	69 sqm	5
2-Bed (70-100 sqm)	S$1.2M	78 sqm	29
3-Bed (100-130 sqm)	S$1.7M	111 sqm	46
4-Bed (130-170 sqm)	S$2.0M	136 sqm	15
5+ Bed (170+ sqm)	S$2.1M	183 sqm	2

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FAQ

What is the average price of TREE HOUSE?

The median transaction price at TREE HOUSE is S$1,508,000, based on 97 URA-recorded transactions. Prices range from S$790K to S$2.3M.

Does floor level affect prices at TREE HOUSE?

Yes. High-floor units (21-25) sell for a median of S$1,850,000, while low-floor units (06-10) sell for S$1,428,000. That is a 30% premium for higher floors.

What is the rental rate at TREE HOUSE?

The average rental rate at TREE HOUSE is approximately S$4.10 per square foot per month, based on URA median rental data.

Source: URA Private Residential Property Transactions. Analysis by FairComparisons.