The Chuan Park Price – Successful Tender Price

Land LocationSUCCESSFUL SALE PRICEPER SQ FT PER PLOT RATIOLand area
Lorong Chuan$890,000,000$1,097Land Area (sqm sqft)37,215.60 sqm / 400,589 sqft

Master Plan GFA (sqm sqft)*78,153 sqm / 841,238.89 sqft

The Chuan Park en bloc bid by Kingsford and MCC Land, one of the biggest collective sale sites in 2022, was tendered at $890 million, 5% below the reserve price of $938 million. This significant purchase reflects the confidence of the developers in the potential of the site. Despite initial challenges, the bid showcases the strategic vision of Kingsford and MCC Land in developing the prime location next to Lorong Chuan MRT station. Their past successes, including the full sale of Normanton Park, further emphasize their capability to transform The Chuan Park into a premier residential development.

The Chuan Park Price

The Chuan Park Price – Nearby Properties Transacted Price

Surrounding The Chuan Park Condo are various notable residential developments, each showcasing impressive transaction statistics that highlight the area’s appeal:

  1. Forest Woods: Situated 1,355 meters away, this development has 519 units with a 99-year lease from 2016. It shows strong demand with average prices at S$1,901 psf and a high rental yield of 3.6%.
  2. The Garden Residences: Located 1,598 meters away, this 613-unit property boasts 100% profitable transactions and an average price of S$1,787 psf.
  3. Park Colonial: With 805 units, this condo, 1,673 meters away, has an impressive average price of S$2,075 psf and a strong rental yield of 4.3%.
  4. The Woodleigh Residences: A 667-unit development 1,741 meters away, showing a high average price of S$2,281 psf and a 3.8% rental yield.
  5. Affinity at Serangoon: This 1,012-unit condo, 1,756 meters distant, has a high average price of S$1,774 psf and a rental yield of 3.9%.
  6. The Tre Ver: Located 1,777 meters away, with 729 units, it features an average price of S$1,911 psf and a strong rental yield of 4.2%.

These developments indicate a thriving real estate market near The Chuan Park, suggesting promising prospects for future residents.

NEARBY NEWER CONDO AROUND THE CHUAN PARK AT DISTRICT 19HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHSCOMPLETION
Forest Woods$1,9872020
THE GARDEN RESIDENCES$1,9842021
PARK COLONIAL$2,2912021
THE WOODLEIGH RESIDENCES$2,4532023
AFFINITY AT SERANGOON$1,9912023
THE TRE VER$2,0802022

Latest Updates As At  Saturday, July 20th 2024 updated, Register to receive the price list and book showflat appointment when ready!

THE CHUAN PARK PRICE – ESTIMATE INDICATIVE / LAUNCH PRICE

The estimated selling price for The Chuan Park, based on comprehensive calculations, is projected at S$2,451.77 per square foot (psf). This estimation takes into account the highest bid for the land, alongside significant costs like construction, marketing, legal, and land financing expenses. Additionally, a 10% profit markup is included in this calculation. This price reflects the value derived from the development’s location and features, balanced with the overall investment and market expectations for such a prime property.

Latest Information The Chuan Park Condo Price List As At  Saturday, July 20th 2024 updated, Register to receive the price list and book showflat appointment!