Chuan Park
In 2018 Chuan Park attempted to mount a collective sale with an asking price of 900 million - up from an intial 790 million - but did not. The 99-yr leasehold property sits on a large area of 40058872 square feet and has a gross plot ratio of 21 according to the Urban Redevelopment Authoritys Master Plan 2019.
The indicative sale price works out to be 938 million which translates to 1042 psf ppr.
. Chuan Park is a 99-year leasehold condominium located along Lorong Chuan near to Ang Mo Kio Avenue 1 and Serangoon Avenue 2 in District 19 of Singapore. Designed and constructed by the famous Golden Development Pte Ltd Chuan Park is located in 240 Lorong Chuan District 19 Singapore. Chuan Park condo has been put up for sale through public tender by ERA Realty Network for an indicative price of 938 million.
Chuan Park condominium was completed back in 1984 has been put up for a collective sale. It has an impressive gross floor area GFA of 8412363 sq ft. Chuan Park at Lorong Chuan has actually been relaunched available at the exact same sign cost of 938 million.
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Chuan Parks first launch in the collective sale market was in 2018 at an asking price of S900 million. The lease will expire in about 57 years on June 5 2079. If the collective sale of Chuan Park at 890 million is successful this could give renewed hope to other collective sale hopefuls at other ageing leasehold developments.
This comes after 579 owners who make up more than 80 of total area and share values agreed to the sale. SINGAPORE - Chuan Park Condominium a 99-year leasehold project in Lorong Chuan has secured an 80 per cent mandate for its third collective sale bid after raising its reserve price to 938 million from 900 million. No of Units Land size.
Chuan Park is a 99-year Leasehold property located in Hougang Punggol Sengkang. En Bloc Sales Mount. There are 16 Properties For Sale at Chuan Park you can use our elegant property search tool to find the right HDB condominium apartment executive condominium terraced house detached house semi-detached house and bungalow that is currently sale.
MCC Groups involvement in Chuan Park either as a joint venture partner under MCC Land or as a contractor for the project under MCC Singapore remains to be seen. Chuan Park is situated next to the Serangoon housing estate where amenities like supermarket. Chuan Park is situated next to the Serangoon housing estate where amenities like supermarket.
Nine hundred units would mean that the project is almost a mega-development. Get Chuan Park Condo Details recent transaction prices pricing insights nearby location condo reviews and available condo units for sale and for rent. The owners of the developments 710 sq ft.
452 402995 sqf. Chuan Park is running on a 99-year lease which began in 1980. Entities related to developers Kingsford Group and MCC Singapore have raised their offer for leasehold condo Chuan Park to about 890 million from their expression of interest EOI of 860 million in June.
A source told T he Business Times BT that the buyer is a developer that recently finished a huge residential project. This comes after Flynn Park was sold en bloc in September for 371. Should the Kingsford-MCC Land joint venture win the rights to Chuan Park it would mark the largest collective sale in Singapore so far this year.
Chuan Parks reserve price of 938 million was not met and the price ended up being 890 million. SINGAPORE - Chuan Park Condominium a 99-year leasehold project in Lorong Chuan has secured an 80 per cent mandate for its third collective sale bid. Chuan Park Condo is located at 240 Lorong Chuan in district 19 of Singapore.
Chuan Park is a 99-year leasehold condominium located along Lorong Chuan near to Ang Mo Kio Avenue 1 and Serangoon Avenue 2 in District 19 of Singapore. CHUAN PARK - Transaction Prices Rents Trends and Analysis - Square Foot Research Singapore. The 99-year leasehold condominium was last installed for tender from Oct 5 to Nov 18 2021 prior to the current air conditioning procedures were presented by the Federal government in December.
The collective sale of the Chuan Park condominium will be discussed at a meeting on 25 July 2022 at 730 pm. CHUAN PARK a 99-year leasehold property along Lorong Chuan in District 19. With the five-year develop-and-sell ruling imposed on developers its a challenge considering the size of Chuan Parks development.
Get the latest transaction prices rents trends and analysis on CHUAN PARK here. Chuan Park a 99-year leasehold residential project at 240 250 Lorong Chuan is up for collective sale by public tender carrying an indicative price of 938 million revealed marketing agent ERA Realty. Its located along Lorong Chuan within the Serangoon estate and has a total of 444 private residential units.
The 99-year leasehold condominium sits on a land. However he did not confirm whether any bid was received. CHUAN Park has finally been sold via private treaty for S890 million after the tender for its collective sale closed on Apr 26 without bids.
Chuan Park gets 80 mandate for collective sale after raising guide price to 938m. An ERA spokesperson told The Business Times that the condo had received some interest from developers. CHUAN Park Condominium at 240 to 250 Lorong Chuan has closed its tender and is currently in a private treaty negotiation process said appointed marketing agent ERA.
Find Singapore commercial properties with our commercial directory. More than 80 of Chuan Parks owners by share value and strata floor area have signed a collective agreement for the sale at an indicative price of 938 million translating to 1042 psf per plot ratio after factoring in the 7 bonus gross floor area. In the event that the en bloc is successful at 890 million it would represent a discount of 5 under the reserve price.
The Straits Times understands a sale and purchase agreement was signed last week with the collective sale committee CSC of the 446-unit Chuan Park condo.
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