The Chancery Residence

The Chancery Residence is a leasehold (99 yrs from 2004) terrace house. It is developed by WAREES LAND PTE LTD. The development occupies a land area of 6,615 sqm. It consists of 34 units. According to records, buyers of this development are Singaporean 81.9%, PR 15.3%, Foreigner 2.8%, Company 0.0%.

THE CHANCERY RESIDENCE is located along CHANCERY LANE in Novena, in District 11. It is accessible through the nearest MRTs including Mount Pleasant TE10 and Novena NS20.

Based on transaction data in the last 12 months, sale prices range from S$ 1,060 psf to S$ 1,060 psf at an average of S$ 1,060 psf. Its highest recorded transaction was S$ 1,060 psf in Jan 2024 for a 3,208-sqft unit. Its lowest recorded transaction was S$ 389 psf in Dec 2005 for a 3,380-sqft unit. Its current rental yield is at 4.3%. Other nearby amenities include: 3 Grocerie(s): CAVEMEN PTE. LTD., COLD STORAGE SINGAPORE (1983) PTE LTD, L M MEAT PTE. LTD., and 3 Shopping Mall(s): Square 2, Velocity @ Novena Square, Goldhill Plaza Mall.

Buyers and tenants are attracted to District 11, which is comprised of Thomson, Watten Estate, Novena and Newton. This area is famous for a number of renowned schools, religious houses and elite residential estates. With forests and reservoirs scattered around the Thomson area, property prices here are significantly higher compared to other parts of Singapore. The Watten district next to Bukit Timah is one of the most prestigious locations for residential estates in Singapore, sharing forest and golf course greenery as well as being close to Singapore’s Central Business District. Novena is home to the Inland Revenue Authority Building and Singapore’s largest medical centre, Tan Tock Seng Hospital. Although Newton’s pace of life is relatively slow compared to neighbouring Tanglin and Orchard, its residential properties remain expensive, as it’s strategically located between Orchard Road and Bukit Timah.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.