396-unit chesterwellwas one of the first Executive Condominium (EC) that Singaporeans faced after the hybrid housing scheme Was launched in 1995. We have shared in previous articles that the first tranche of EC had a relatively rocky start. Those projects came to market when the Asian financial crisis hit in 1997, and Chesterwell launched the same year. This makes Chesterwell an interesting study for our investigation. EC ProjectsEspecially as a point of comparison against new EC counterparts. Chesterwell has many of the features typically associated with most older ECs. Its unit mix featured larger sized units, the development was far from existing MRT lines (the Downtown Line was only operational in 2013), and the project had a complete set of amenities. Despite these features, how have sales prices in Chesterwell performed to date? Let’s see how this emblematic, early-generation EC has performed over time. The challenge for many buyers today is not having access to information.
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