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Project summary of The Chuan Park

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The Chuan Park is a significant residential development located in District 19 of Singapore, along Lorong Chuan, off Lorong Chuan Boundary and Serangoon Avenue 3.

Key Details

  • Developer: The project is jointly developed by Kingsford Huray Development and MCC Land (Singapore).
  • Tenure: It is a 99-year leasehold condominium.
  • Site Area: The development spans approximately 400,588 square feet of land.
  • Plot Ratio: The plot ratio is 2.1.
  • Units: The project comprises 916 residential units with 1 to 5-bedroom layouts, along with two commercial units.
  • Blocks and Storeys: The development includes 3 blocks of 22 storeys and 2 blocks of 19 storeys.

Amenities and Facilities

  • The Chuan Park offers a wide range of amenities, including a swimming pool, tennis court, gym, and basement carpark.
  • The development features a communal landscape deck and various indoor and outdoor facilities to cater to the diverse needs of its residents.

Location and Connectivity

  • The project is strategically located near the Lorong Chuan MRT station, providing easy access to the Circle Line and connections to other major MRT lines such as the North-South, North-East, Thomson-East Coast, East-West, and Downtown lines.
  • It is situated between the Bishan and Serangoon Sub-Regional Centres, which are part of the government's efforts to decentralize workplaces and reduce travel time.

Completion and Preview

  • The expected completion date for The Chuan Park is by the end of 2028, with the legal completion date set for 2028 and the final completion by 2031.
  • The grand preview of the project is scheduled for Q2/Q3 2024.

Acquisition and Pricing

  • The former Chuan Park Residences was acquired through a collective sale for $890 million, plus an upgrading premium of $165 million, resulting in an average cost of $1,254 per square foot for the property.

Developer Reputation

  • The developers, Kingsford Group and MCC Land, are well-established in the Singapore real estate industry, known for their commitment to quality, innovation, and community-centric projects.
The Chuan Park is set to become the largest residential development in the area, offering a blend of luxury living, extensive amenities, and excellent connectivity.
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