In Silent Hill 2 Remake, Chainsaw is the most powerful melee weapon. It can one shot most of standard enemies.

End The Game The Chainsaw is only available in New Game+ which you get access to when you end the game first on any difficulty.

New Game+ Start a new game but select the New Game+.

Silent Hill Ranch Leaving the Graveyard, when you see Ranch's sign look to your right.

Chainsaw The Chainsaw is on the logs.