{"id":122397,"date":"2021-10-06T02:50:30","date_gmt":"2021-10-05T19:50:30","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chuan-park-up-for-collective-sale-for-938mil\/"},"modified":"2021-10-06T11:02:46","modified_gmt":"2021-10-06T04:02:46","slug":"chuan-park-up-for-collective-sale-for-938mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chuan-park-up-for-collective-sale-for-938mil\/","title":{"rendered":"Chuan Park up for collective sale for $938mil"},"content":{"rendered":"


\nChuan Park is\u00a0a\u00a099-year leasehold project\u00a0located at 240 to 250 Lorong Chuan and\u00a0occupies a 400,588.72 sq ft site.
\nChuan Park, a 99-year leasehold residential project at 240 \u2013 250 Lorong Chuan, is up for collective sale by public tender carrying an indicative price of $938 million, revealed marketing agent ERA Realty.
\nThis comes after 579 owners, who make up more than 80% of total area and share values agreed to the sale.
\nThe price works out to $1,042 per sq ft per plot ratio (psf ppr) after taking into account the 7% bonus gross floor area (GFA).
\nThe development has 444 residential units and two commercial units and occupies a 400,588.72 sq ft site, with a gross plot ratio of 2.1 under the 2019 Master Plan. This means that the site has an achievable proposed GFA of 841,236.30 sq ft or be redeveloped into 900 to 919 units.
\nERA noted that no development charge is payable for the sale due to the existing high baseline.
\nChuan Park is located next to Lorong Chuan MRT on the Circle Line, while NEX is just a stop away, at the Serangoon interchange station, where residents can conveniently hop over to the Northeast line.
\nIt is also within the vicinity of Serangoon Garden Way, which is home to a variety of hawker stalls, hipster cafes and cool bars.
\nNearby schools include St. Gabriel\u2019s Primary and Secondary School, CHIJ Our Lady of Good Council, Yangzheng Primary School, Maris Stella School, Zhonghua Primary and Secondary School, Raffles Girls\u2019 Secondary School, Bartley Secondary School, Australia International School and Nanyang Junior College.
\nThe tender for Chuan Park closes on 18 November.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Chuan Park up for collective sale for 8mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chuan Park is\u00a0a\u00a099-year leasehold project\u00a0located at 240 to 250 Lorong Chuan and\u00a0occupies a 400,588.72 sq...<\/p>\n","protected":false},"author":1,"featured_media":122398,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Chuan-Park.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vQ9","jetpack-related-posts":[{"id":123594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chuan-park-in-private-negotiation-process\/","url_meta":{"origin":122397,"position":0},"title":"Chuan Park in private negotiation process","date":"December 3, 2021","format":false,"excerpt":"\r Located at 240 to 250 Lorong Chuan, Chuan Park is a\u00a099-year leasehold project and\u00a0occupies a 400,588.72 sq ft site; the property may be redeveloped into 900 to 919 units. Chuan Park condominium at Lorong Chuan is \u201cin a private treaty negotiation process\u201d which is expected to conclude next month,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Chuan-Park.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":80679,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-sites-launched-for-sale-including-fairhaven-and-pomex-court\/","url_meta":{"origin":122397,"position":1},"title":"3 sites launched for sale, including Fairhaven and Pomex Court","date":"February 22, 2018","format":false,"excerpt":"\r The owners of Fairhaven (pictured) are expecting bids in excess of $45 million. (Photo: JLL) Three private residential sites have been put up for sale by different marketing agents for a total of more than $181 million. 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(Photo: Huttons Asia) Two small condo developments \u2013 Jansen Mansion and Blossom Mansions \u2013 have joined the collective sale bandwagon, carrying a price tag of $22 million and $32.8 million respectively, revealed marketing agent Huttons\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/doctor-buys-geylang-condo-in-26-million-en-bloc-sale\/","url_meta":{"origin":122397,"position":3},"title":"Doctor buys Geylang condo in $26 million en bloc sale","date":"December 5, 2019","format":false,"excerpt":"\r \u00a0 Kwong Wai Shiu Hospital, the owner of Leshan Gardens\u00a0condominium in Geylang, has sold the freehold property en bloc to an unnamed ear, nose, throat specialist for $26.28 million on a 104-year lease, reported The Business Times. The price, which\u00a0includes a $2.35 million development charge, works out to around\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-sites-totalling-1920-homes-released\/","url_meta":{"origin":122397,"position":4},"title":"Four sites totalling 1,920 homes released","date":"June 29, 2018","format":false,"excerpt":"\r View of the residential site in Clementi Avenue 1. (Photo: URA) The Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) on Thursday (28 June) launched two confirmed list sites for sale under the second half 2018 Government Land Sales (GLS) programme. 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